Where Is Oil Money Going?

Make a wild guess. Crude has dropped more than $US10 from its high. Market is targeting about US$60 - 62. I would like to see it go to US$52 to 58 range. In any case, market is going thru a cycle. I am not saying oil plays are dead, just taking a break. With the decrease in oil prices, transport stocks are likely to benefit.

You can slowly see that tech is coming into flavour. With the christmas shopping season kicking off soon, you can expect some tech stocks to move. The first slavo was fired with Chartered, UTAC and Jur Tech moving from their lows. Last week, MMI was the big winner. Venture looking to acquire. You can expect M&A to generate some activities.

Of course, lets not forget property stocks. Most of them are flying. SC Global, Cap land, Kep Land, City Dev...the list goes on.