For real ?.. i guess not..at least back to 2550, the mid range of recent trading range. Mkt was mostly at 20-30 for the day b4 preclosing. The rest ot mths "normal"
While stronger ringgit put pressure, fcpo underperformed this week was mainly due to fear of strong production in Apr, meaning stocks up in Apr. (MAR data is due out Monday, mkt is pricing in APR data already)
Technically, mkt remains trap within 2500-2600 range. No clear direction, still indecisive state, in and out of SMAs. A breakdown below 2500 is of higher probability till the mkt regains at least 2550. ( have to watch out for further develoopment on Mon following today "abnormal" move.
Technically, mkt remains trap within 2500-2600 range. No clear direction, still indecisive state, in and out of SMAs. A breakdown below 2500 is of higher probability till the mkt regains at least 2550. ( have to watch out for further develoopment on Mon following today "abnormal" move.
got played badly by the sharks at the closing. i havent cut loss yet. do u think that july and the rest of the other contracts will give in to June and open higher on monday? or will june give in to the other contracts??
ReplyDeletehard to trade now. based on my view, the market has turned bullish