US Dow Jones went up +96.66 due to Reduction in Job Loss Claims, however Unemployment Rate has risen to 9.7%. Market seems like on a uptrend for now. Monday will be US Labour day so Monday night US Market is Closed.
There seems to be alot of positive news from Bloomberg and the US market regarding the recovery from the US Recession.
US Dow Jones charts seems to show a starting of a Uptrend Market.
Our KLCI Charts also shows that its following US Market closely, with KLCI going on an uptrend now. MACD & Stokastic shows slight uptrend and KLCI Daily Chart shows Parabolic One Dot on Bottom so its just starting to be uptrend.
KLCI Futures Daily Chart is also showing the same thing, with the last 3 days the CI Futures Spot Month continues to Close at the Highest Point. Hence Confirms KLCI is now starting a Bullish Trend, however, do expect a pull back. I expect the KLCI futures to be breaking the Year high of 1189.50 next week. Possibly testing 1195.
No comments:
Post a Comment