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Monday, April 26, 2010

Maket Update

The US major indices SPX, Dow and Nas all break to a new high. The Dow Jones has been up and up and up again for eight consecutive weeks. Market get into extending bull run by by expected good earning results.

Asian market, local indices STI has beat both HSI and SSE for a nice, healthy uptrend( HSI and SSE looks tumble into a downtrend).

STI is currently trending in the nice uptrend channel, just rebounded from its 20dma support, expected it will continue cilmb higher. the immediate resistance is still the 52 week high at 3037.

2010Apr-Straits Times-800x600

As for individual stocks, I'm looking to buy those stocks are rebounding from their lows. Will be posted next...

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