Market rallies right on the opening and stays strong. Singapore shares climbed more than 1% Monday after the weekend elections returned the ruling People’s Action Party to power with an overwhelming majority. Hong Kong shares edged up with energy stocks leading gains in most sector after strong US jobs data spurred a rebound on Wall Street Friday. Oil futures recover some lost ground, but analysts say prices could drop as low as $90 a barrel.

Short term trading
HK Land enter 7.54 SL 7.26
Mid term positions
Straits Asia enter 2.95 SL 2.43
We may see consolidation from this point before market starts to move back up.