Market Outlook for Monday and the coming week.

Stocks -
It will be a bloodbath at the start of trade here and HK....in fact in almost all markets. Then....depending on the US futures, things may calm down in the afternoon.

So...selling is out of the question unless the stock you are planning to cut is still holding well inspite of all the fears. Then I would strongly advise you to do that to cut down on your holding. Best to remain in CASH...in time of fears, CASH is KING!

Buying? well...unless you have a pretty strong stomach for seeing the stock price falling like no tomorrow then you are welcome to the idea. Not a good idea....btw
for the moment. Why? We have seen stock prices improving lately therefore they have more chances to fall as compared for it to go higher.

Cannot think of a good reason to buy....except if you just want to scalp the market for super short term trade. ( to close positions within the same day ). There will be chances to do that at the start of the market. Go for those stocks that have volume....easier to cover the positions "long or short".



Forex -
For Eur/USD pair....still got some way to fall as more "bad" will surface. Support maybe at 1.16/7 level just as the analyst's predict.

For USD/JPY pair....may see a higher bias due to it's safe haven status as the USD. And for short term....it should be pretty range bounce around the 91.5 to 92.5 level.

For the rest of the major pairs....most will be in lower bias except GBP.