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

Thursday, November 8, 2012

Obama Won 303, Dow Lost 313

Is there any rationship between Obama's win and DJI? There is certainly. But is there really such a close correlation in the numbers between Obama's votes and Dow Jones' lose? hmmm...

Obama's win of 303 votes turns to Dow's 313 points lose--its biggest lose in a year.

Note DJI dropped to its uptrend support line. The uptrend is still intact. I'm looking for long opportunities if it were rebound from here.

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