-Regional firm, led by China on strong June car sales. Europe also higher on China new data that reinforces economy recovery story and Alcoa’s beat-consensus 2Q09 report. DJ futs points to stronger US tonight .
-Fbm/fkli ‘sleep” until 3.45 before making a move higher as momentum finally gain traction, convince by Europe gains. Earlier, pressure by plantations stock. Fbm later make gains on telcos, finance, YTLCorp
-Fkli really “wants” to rebound first…targeting 1080++. Just waiting for strong leads…. especially our own Fbm. As long as fkli stays above the uptrend line, the mkt is deemed in a “rebound’ phase in the coming days, if not a continuation of its uptrend. A strong confirmation will appear if it crosses ALL the short term SMAs.
-A strong US jobs report could trigger a rebound mode across all mkts, a change from the recent sell mode in the coming days.
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