02 Jun '11, 3am

Daily Comment on the US and SG market (02/06/2011)

US manufacturing data, job report, housing index and a downgrade in Greece’s debt led the DJIA into posting the largest fall of 280 pts, erasing the 4 day gains in 1 shot and closing below 12,300 pts which was the support level. The next support is a major one at 12,250 which is very close to the current level. This is a major support because it is the channel support since DJIA recovery last year Aug. Tonight and Friday, US will release data on weekly unemployment claims and the monthly unemployment. Investors should pay very close attention to that. The STI has hit its major resistance after rising 13 pts, closing at 3123 (refer to STI chart posted on 31/05/2011). With the poor performance in the US market last night, it is no surprised should STI fall today. Currently, the Singapore market is only good to adopt some short term trading. After … Read the full article → Re...

Full article: http://thefinance.sg/2011/06/02/daily-comment-on-the-us-a...

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Are We Talking Up the Market?

Are We Talking Up the Market?

thefinance.sg 04 Jun '11, 3pm

Are We Talking Up the Market? by Mr. Propwise on June 4, 2011 This year started off strongly for Government Land Sales (GL...