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Tuesday, September 21, 2010

Bulls Are In Control

Local benchmark STI just looks decent uptrend, it was a little bit boring for past few days, as the blue chips basically didn't move too much and my portfolio dropped slightly as slightly retracement plus interest charge( CFD account), but overall, they are still in good shape. I expect next move is for blue chips come onto the stage again.

STI next major resistance is 3125, with the immediate support 3035 and 20ma which is at 3000.


S&P 500 had a decent move last night, had breakout from a major resistance level 1128, the immediate resistance is 1150 and 1174 the next. Plenty of room to move upside. 1128 is its multi-month resistance, it was taken over now.

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