Hey Folk
Stock market for this week
Very exciting week. We have most of asia market down this week. STI, Hang Seng down. We have in the US, Dow, Nasdaq and s&P almost flat as of thur.
US dollar & crude
US dollar is bouncing up and down with the crude oil having the same behaviour too.
So how are they doing??
Right now we see something interesting about the Stock market and the US dollar. It De-sync or the right word to use it is it does not synchronizes. The stock market is moving along with the crude oil now.They are moving together. The crude probably is going to test 80 per barrel today.So if that happen, Dow will go down to about 11000 or below. Which will bring the asia market down when we open on monday.
One Sign tell us that, that is STI went up today. But notice that there are more loser than gainer. Also the banks stocks 2 down and 1 up. The property counter that are in the STI are also down.With minor gain in the commodities stocks.So this sign tell alot.
Probably the drop is coming.But again, i will be dead wrong like how i thought it will be in Oct.I still uses the same technical analysis to look at them. I am still staying sideline.
Next up on some funds report by various funds managers......
