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Friday, August 17, 2012

Friday Indicator

Good morning!  Time flies fast. It's Friday again. The US market continue to move up last night after past seven trading days of narrow sideway consolidation. DJI gained 85 points to closed at 13250. My Las Vegas Sands (LVS) up by 1.82 or +4.62%. It should give some bullish momentum to genting sp today. Genting sp as I posted yesterday had breakout from its bottom consolidation, more upside is expected.

Friday indicator levels for STI:

61.8% 3072
50%: 3066
38.2%: 3061

STI closed at 3062 yesterday. It has been trading sideways in the tight range this week. I'm bullish if it can close above 3066.

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