Hey folk
Like i said before in many postings before, get the speculators out of the crude oil market. Crude oil is essential to our livelihood. It would determine what the price are we going to pump our petrol, the gas we use to cook, the SBS bus fare, the electricity bills that we pay and any direct or indirect things that crude is needed.
Crude oil is so important that every country in the world needs it. Crude would not face a liquidity problem even the speculator are not in the market. The speculator are the one that can drive the cost of the crude sky rocket and greatly affect our economy.
I think we can start looking for stock to buy now. The S&P500 rating dont seem to affect the market. We are entering a long weekend. It is good friday. It is respected by many around the world. So i do expect a market reversal after that.
Dow Jones transport to go above 5280s, for new heights to set in.
Dow Jones Ind go above 122339s, for new heights to set in.
HSI and STI, we have to see their closing today. Too much gaps in the asia market.
EminiS&P futures to go above 1319s, for new heights. ( the forecast till end of the year is still unchanged: it is 1630-40s)
A word of cautious, there are divergence in the indicator with respect to the price. So trade with care.
Gold went higher and hit 1500 yesterday, it is the safe heaven for investor whenever things sound wrong.
Currency
USD will continue to go lower.
Euro on the flip side is going higher.
AUD is interesting, as you'll find a relationship with the Dow movement.
