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Wednesday, March 3, 2010

HSI and STI update

US market overnight closed with tiny gain: Dow +2; SPX +3; Nasdaq +7 points.

Both HSI and STI are under minor resistance now. As seen in the charts, HSI had a breakout from its major neckline resistance two days ago, it's possible it come back to fill the gap as indicated by tinted oval. STI needs to break above its downtrend line to move higher.

2010Mar-Hang Seng Index-800x600


2010Mar-Straits Times-800x600

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