Regional mkts up near 3%. DJ mixed, from –30 to +30. DJ chart still positive, target 8000.Cash snapped 6-day wining streak to finish flat near intra-day low. Closed 877.92/-0.38p
Our mkts retreated on profit take as players perceived US gains as excessive and may due for a pullback tonight.
Toppish actions serving as a small warning to late bulls. Sentiment remains upbeat but to continue recent strength we need to see the mkt back above 880. Otherwise neutral mkt first, followed by weakness, 7SMA support, on profit take ahead of weekend.
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