Sunday, January 16, 2011

Mkt update

US mkt: he US mkt of friday has perform very well. It had break to new high.It had signal to more upside coming. Again bonds have show significant weakness. So probably the market will be moving higher if this continue.However technical indicator are showing they have reach the peak and a drop will be coming.

Asia mkt:Asia mkt have not been so rosy as the US mkt. HSI and STI keep hitting resistance and there are some rooms to go down. Until i am proven that the mkt is going up, i m bearish about the mkt.

Crude oil:Crude oil price movement have show weakness and would be coming down for sometime before it move up again.

As i say before, nothing is 100% and it just for reference purposes