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

Wednesday, August 11, 2010

Market Heading South

Hang Seng Index hit its major trendline resistance and retraced yesterday. I'm lookin at 21075 which is its 200ma as major support, if it continue slid. Another 400points away from yesterday close.


Straits Times Index major uptrend is still intact, the next support is 2958, another 26points away from yesterday close.

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