SgTraderClub Weekly Stocks Updates: Friday Indicator

Friday, September 7, 2012

Friday Indicator

US overnight market got a huge pop, buoyed by ECB bonds buying plan. S&P 500(SPX) hit new multi year high of 1432.12, its new high since May 2008. Dow Jones and Nasdaq are at their recent high as well.

STI going to rebound today( a doji was formed yesterday). Friday Indicator levels:

38.2%: 3009
50%: 3003
61.8% 2997

Bullish if STI can close above 3003.

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