Wednesday, March 30, 2011

Mkt update

Hey folk

We witness the upmove of the market in the US yesterday night. The indices closed at almost the day high for the transport, Industries and the S&P500.

The Emini S&P500 futures Jun 2011 contract have close at 1317, which is higher than the previous day high if 1315. If it successfully move up higher again today, then probably we are going to see the market moving higher.

Asia market have show some weakness during the last few days, but is soaring as of now. When they all break out the recent high with conviction, my guess is the market is heading the way up.

I have sold some of my position in the previous days but not all.