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Wednesday, March 17, 2010

Market Update

US market passed an important hurdle last night. With Dow Jones and SPX both crossed above their major resistance level, overnight US mkt numbers:

Dow: 10686 +44
SPX: 1159 +9
Nasdaq: 2378 +16

The market obviously is to the upside.

2010Mar-S&P 500-800x600

Our local benchmark STI rose 22ppoints yesterday, enter into its prior congested zone of 2940 ~ 2892 area. Not breaking high yet. More likely it will catch up.

2010Mar-Straits Times-800x600

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