Bank counter

DBS , UOB & OCBC bank counters are having similar chart patterns did you happen to notice that ?

It could well be a push & dump tactics being planned / played out by Big Buyer(BB). So , it is better to be careful not too chase blindly without having a proper plan in place .

Do exercise your own due diligence.

The series of Gap Up is a warning sign and may not likely sustain.

Bank counter may suffer greater fall when market goes into Bear mode or major correction.

Especially with Dow and S&P closing softer/lower last night , we may see some selling effect today .

Not a call to buy or sell.
Trade/invest base on your own decision.

US Stocks close lower as Apple falls, rates rise

• Shares of Apple fell 2.8 percent, while Nvidia, Micron and Advanced Micro Devices all declined at least 2.4 percent following a warning from Taiwan Semiconductor Manufacturing.
• Wall Street also watched out forrising interest rates, as the 10-year Treasury note yield broke above 2.9 percent.

Dow Jones industrial averageclosed 83.18 points lower at 24,664.86, with Apple among the worst-performing stocks in the index. The S&P 500 declined 0.6 percent to 2,693.13 with technology and consumer staples falling 1.1 percent and 3.1 percent, respectively. The Nasdaq composite dropped 0.8 percent to 7,238.06.(cnbc.com)

20 April 2018 :

Dow Jones industrial average fell 201.95 points, or 0.8 percent, to 24,462.94 as Apple dropped 4.1 percent. The Nasdaq compositedeclined 1.3 percent to close at 7,146.13.

The S&P 500 pulled back 0.8 percent to 2,670.14, with tech sliding 1.5 percent. The index also broke below its 50-day moving average, a key technical indicator.

DBS - DBS is a leading financial services group in Asia, with over 280 branches across 18 markets. Our aim is to become “The Asian Bank of Choice for the new Asia”. We are an Asia-centric commercial bank focused on harnessing the region’s long-term potential as the centre of economic gravity shifts eastwards to Asia. To differentiate ourselves, we have developed a unique brand of banking, Banking the Asian Way. We seek to provide a kind of banking that's joyful and trustworthy as we help to transform this region that we live in.

We are distinct from local lenders or global players. As an Asian specialist, we have the reach and sophistication to outcompete local lenders, and deep Asian insights that distinguish us from global competitors.

We seek to intermediate trade and investment flows between Asia’s three key axes of growth – Greater China, South Asia, and Southeast Asia – as well as participate in Asia’s growing affluence. Our key franchises are in Singapore, Hong Kong, China, Taiwan, India and Indonesia.

In Singapore, our home market, we are a universal bank serving all customer segments, including the mass market through the DBS and POSB “People’s Bank” franchise. In other markets, we focus on three lines of business :

• Corporate/Investment banking
  (covering large corporations and institutional investors)
• SME banking
• Wealth management

We see an opportunity to leverage digital technology as a means to reach customers across Asia.