I been busy with many things that why dint update the blog.
I want to highlight a few things. My take is the market is going for a pull back. However, it dint, on friday, US market Dow Jones transportation break a new high since 2009. For Monday trading, Asia market may move higher or maybe it would start high and close low. Nth is 100%.
Dow Jones Transport
Dow transport have hit a resistance too and unable to close above it on fri.
Dow Jones Industries
Dow Ind have a very nice up move last week. However for Wed, Thur and Fri, the closing price could not go above 12393.
Emini S&P500 (Futures Jun contract)
Emini S&P500 Futures (Jun Contract) closes at 1327. The DH is 1333, but dint able to close above 1330.
Hang Seng Index
HSI have hit 23815. Whether it can close above this on Monday will be critical.
Strait Time Index
Yes STI have go against all odds, however we are follower. We have to see what the big brothers are doing before we can conclude. Stay tune.
Crude oil: From COT, the commercial are still net short on the crude but have some buying activities. So crude may move higher.
