DJ -8P, reversed early losses as a stronger-than-expected consumer confidence report competed offset concerns about the health of U.S. banks and the possible economic impact of swine flu.
DJ futs -3. NK holiday. Kos +10p.
DJ performed much better overnight than anticipated as DJ futs pointed to a 100p drop in Asian hours yesterday. Therefore this outside factor is seen positive at moment and could lead Asian market higher today unless DJ futs slip sharply.
Technically, still bearish. Further leg down( 940-960) or stabilise ( 960-980) trading range today ? The idea is sell on weakness but position-buy is probably a waiting game today.
Below 7SMA is a sell market. Let see how far teh mkt will take us.
3 years ago
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