Weekly market analysis covering Singapore, US, Hong Kong and China — stocks, REITs, ETFs and trading perspectives.

Thursday, March 18, 2010

Market Update

US market closed with another day gain, below are the overnight indices numbers:

Dow: 10734 +48
SPX: 1166 +7
Nas: 2389 +11

I closed my option call positions and didn't re-enter any new positions last night, I want to cash off the table and wait for better entry point. The stocks are just too hot now.

SPX

But it's not for asia (HK, Shanghai)and Singapore markets. Their charts tell me there are rooms to upside to catch up with.

2010Mar-Straits Times-800x600

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