Things are still not looking better for the US economy. Again disappointing jobs numbers. The 200 MA is still a tough nut to crack. We are back below 200 SMA again. Selling volumes are higher so expect more downside? We should reach a support soon at 10000 points. But there's a silver lining. Look at the baltic dry index.
Saturday, August 21, 2010
Still not looking better
Things are still not looking better for the US economy. Again disappointing jobs numbers. The 200 MA is still a tough nut to crack. We are back below 200 SMA again. Selling volumes are higher so expect more downside? We should reach a support soon at 10000 points. But there's a silver lining. Look at the baltic dry index.
Sunday, August 8, 2010
Up or down?
After much upside, we seem to be hitting a ceiling. There's a fight of bulls and bears again. Bears are trying to bring it down but bulls pulling it up the last minute again."Volume was light, with less than 950 million shares changing hands on the New York Stock Exchange. Decliners outpaced advancers, roughly 8 to 7"
Low volume don't seem to tell me it's a bear. But probably stocks will come down the coming week.
For Singapore, we didn't get our National Day rally on Friday. So hopefully we will get a post National Day rally on Tuesday.
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