The rally that won't die

US:

• Market still in uptrend. Despite Greece, Goldman Sachs... etc, it is still going up.
• IBD reports favorable breadth (IBD 100 still rising).
• 8th consecutive week of gains.
  

Back in Singapore:

• GS sparked off a round of selling in the local market. Now we have had 5 days of almost continuous broad-based selling. My broker suggested that this is a safer time to buy, as all the contras are wiped out.
  
• Also gives an opportunity to select stocks based that have retraced slightly (not below a previous low) on low vol... as a way to sort the wheat from the chaff.