Weekly Update

US dollar is very weak now, quite close to its historical low. It's always inversely related to equity market, that means to say, if it goes up, stocks market will come down, if it come down, stock market will go up. Take a look at the Dollar Index UUP, it has been consolidated in a range for past five days, closed at 22.4 last week, quite close to its historical low 21.7. what it telling me is that dollar may have a strong rebound, not today or tomorrow but in coming weeks as it still has some room to its historical low.

As for US market,The trend is still a nice uptrend and have been sideway for the past week. I'm cautiously bullish. SPX( S&P 500)is quite close to its important resistance 1125.

As for Singapore market, Our STI is much bullisher as compare SPX. It has been trading in the range for the past five day, I'm cautiously bullish too. So my trading idea for the week will be buy at bounce for strong stocks.

Reits/property stocks still look quite bullish, I'll buy at support for a bounce off to the upside, stocks in my watchlist:

Suntecreits
yanlord
A reits
CDL trust
Macarthur
Ascottreit( 1.06 resistance)

I'll post some charts later. Have a nice week ahead!