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Friday, March 5, 2010

Market Update

US market closed with gain last night:

Dow +47 @10,444
SPX +4 @1123
Nasq +12 @2292

It's a inside day for SPX, it managed to climb back to previous day's top range, just benearth its resistance 1125. Tonight US have two important data release before market open: Non-farm Employment Change and Unemployment Rate.

HSI continue to be a my focus today, it's at a juncture point right now. It filled the gap between 26/02 and 2/03 yesterday, right into the support zone between its 20dma and the blue color neckline as shown in the chart below.

2010Mar-Hang Seng Index-800x600

STI times continue dancing in between the narrow range 2791 and 2760 yesterday, with blue chips' reluctance to move. Nontheless, ew counters such as Chinafish to move upward strongly.

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