Hey folk
Commodities are off their highs, which mean to say probably economic activities are not enough to drive up the prices. When this happen it mean that the stock mkt should be going down too.
STI went up as high as 3160s and close 3147, these show weakness. HSI PUT warrant also have lots of volume, if you look at the market.
Crude oil may also have a drop as the COT is still showing net short. And crude oil up the market goes up. Crude oil down the market goes down.
SGX is a short. They have problem taking over ASX.
Europe region: Moody have downgrade Portugal govt bonds
Currently as i am typing europe region is down, US indices are in red too.
http://www.marketwatch.com/story/moodys-downgrades-portugal-to-baa1-2011-04-05
