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Monday, July 19, 2010

Market Update

The US market retraced nicely after it hit resistance on last Fri. But Be careful with the direction of SPY, as it's in the middle of the support resistance range now, the 105 to 107 area was congested during late May to early June.

2010Jul-SPDR S&P 500-800x600

STI hit its resistance 2960 too, and poised for a pull back this week. I'm watchin 2885 for key support.
2010Jul-Straits Times-800x600

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