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US employment report out soon.. .productivity...inflation.. all linked here..
got bad news meh ?? rates, growth, inflation, commodities prices ?? all stale liao... new fed chief does not talk anymore ??
rally today. hope its the reverse of trend and not just a correcction
if it can end above 2400 it might be a good support line
may end at 2424.24... ???
hang seng also up... europe should be OK. dow futures ??
nikkei roller coaster ??
Don't think so... the STI is sobering up... becoming sad again..
2400 by 500 pm.
the gains STI made this morning are being lost now.
up 20 plus points on the open.
Big blue boys fight well today, don't see alot of shortise yahh.. tmr will contiune again to try to catch afew more shortise, predict 90% green counter,. DOW is still climbing up +78.60 pts now.
US futures are up now. There's positive sentiment for the coming trading day thats about to open.
STI fell to an intra-day low of 2,368.72, where some bargain hunting emerged. This level is close to my forecast of 2,370-2,380 today. Tomorrow is likely to see the rebound continuing.
It'll fall below 60 points today
Previous rise was a dead cat bounce. STI heading towards 2,350-2325 level as I mentioned previously. But I am optimistic that we will recover in the 2nd half year after the world cup is over. Meanwhile, sit tight and look to picking up some good and fundamentally sound stocks in the next 2 months.
Hope this gives somebody some encouragement!
cheers
Hope this gives somebody some encouragement!
cheers
Indian Sensex leading the way with a >4% plunge. This may spook the market, causing it to fall further.
After rising for a few days, Wall Street is on the downtrend again. So is STI.
agreed. In fact I see the start of another few days of blood and gore.