Positive signals over the weekend. DJ +50, EU +0.5%. But mkt remains volatile as search continues for more signs that the economy isn't heading toward another recessionCommodity flat to softer.
8.30 : regional near +0.5% Dj futs +60. CO -0.2%.
Fkli catching up with fbm, 58-60 for start. Trading range is raised to 55-65. Possible kneejerk towards 70 today. fbm is seen testing May's high, 66. Above 60 is bullish.
Fcpo SO -0.5% seen at dwward bias range 3150-3200. High risk of fresh year low if mkt stays under 3200.
5 years ago
I Capital aka Mr Tan Teng Boo very -ve oh.....seems like a certain recession ahead for him and his team..... No more Tan "Think Bull"...lol
ReplyDeletesemua takut no QE3....to comfortable with cheap $$$ in the last few years. Back to reality. But no recession lah...just transitional weakness as cheap $$$ is taken out of the system
ReplyDelete