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Monday, February 6, 2012

Major Market Update

Good morning everyone. Below charts are the major Indices updated in my weekend workshop, for those who unable to attent.

STI closed an inch below its important 50% level at 2918, more upside to go if it can break and close above this level.
DJI marginally break above its multi year high on close last Friday. Very bullish.



S&P 500: at Resistance level last Friday.

Nasdaq: the strongest one among the three US indices. Breaoutout its major resistance level on Friday.


Hang Seng:  similiar to STI chart, HSI at its important 50% level 20734 now, more upside if it can break and stay above this level.

Shanghai Index: one of the worst performer in the world. Shanghai index lagging behind a lot, still got a lot of room to catch up.

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