Global Market Review

Good Evening...

poor man like me have slow and distorted data feeds...

but HSI and STI were range trapped on friday, partly due to Nikkei whom already got caught by the bears, so nothing special to report.

DJ closed mixed at +6 on friday night, took a dip initially but managed to rally back before market closes. Short term wise is bullish but weakness is setting in, so be cautious. Mid term wise it is still bearish, but the recent run up added good strength and places Uncle Dow at major resistence area. Will this rally follow up?? Short term weakness starting to reduce the probability, so play your cards right and manage your risks.

Nikkei is still bullish in the short term but like Dow, weakness is also setting in. Mid term is also bearish and generally weaker then other markets.

HSI is bullish in the short term with weakness setting in. Mid term is still bearish and if this continues, another plunge is in the making as HSI moved from bull to bear and currently hovering in the weaker region.

STI has some data problems, haha, but i doubt it will be any diff from the rest. General outlook shows short term bullishness in many stocks pending follow up buying. Or is this just a dead cat bounce with interest coming in due to year end and spread changes? Judging from regional indices outlook, stay cautious and set your trailing stops if holding any positions. Play the strong counters like GoldenAgri, Indo Agri and Wilmar like I mentioned earlier, but that doesnt mean they will not plunge, it just shift the stats to your benefit.

General review is given with no specific targets yet, this is to set the broader picture into place so that you know what is going on besides the few stocks you are trading. Further updates will be given after I finish updating myself.

Cheers and greetings to my fellow fresh auditors, traders and soldiers....may your dreams come true...

Happy new year and a happy chinese new year...!!!