US today is closed bcos of Martin Luther King Jr Holiday. Market is down today across Asia. As I have mentioned in my email or blog, STI at 2800 is a resistance. On Friday, it touched 2791 (9pts off 2800) before dropping. Now it stands at 2752.
Of course because of holiday in US, it is normal that on Friday, some traders profit take. If you are short term player, you should too if your position is in the green.
On the US market, this week is light on economical data. Our focus will be on a few giant company earnings that will provide indication as to how the market reacts to this season's earnings. Thursday after market close, Google (GOOG), Bank of America (BAC), American Express (AXP), Intel (INTC), IBM (IBM), Microsoft (MSFT) will all be reporting their earnings.
Let us watch out!
-----------------------------------------------------------
Btw, I will be having a FREE workshop:
<<Secrets of the US stock market & What Stocks to choose this month>>
on the 1st Feb for you to understand about US market (in my opinion the best stock market in the world)!
Do recommend your friends to this workshop!
Date: 1 Feb 2012, Wednesday
Time: 7.30pm - 10pm
Venue: 141 cecil street, Tung Ann Association Building
#07-02 S(069541),
Tanjong Pagar MRT exit G, walk straight 80m, opp traffic light
For Registration: Pls email <Name><Email><HP><Date> to rafflesbusiness@gmail.com or SMS <Name><Email><HP><Date> to 93676623
Happy New Year!
Daniel Loh
Stock and Options trainer
Asia Stock Guru Mr Hu Li Yang's partner
