Monday, 16 April 2012

Update on US Market opening and Mastercard

Dear Friends,

No play on Mastercard today.... Today major market still weak, as Apple and Google continue its trend down. Tech sector is weak. Mastercard could not muster its momentum to shake off broad market weakness. Even Dow Jones is in the green, S&P 500 and Nasdaq is in the red! Declining counters defeat Advancing 50.4% to 35.5%. 


Judging by this opening, I think our Market Sentiment Indicator will continue its bearish momentum today. As mentioned, our market sentiment indicator has turned bearish on 10 April.

Do check our Market Sentiment Indicator:
http://www.danielloh.com/2012/04/market-sentiment-indicator-for-16-apr.html

Let us take a light rest first. Protect our capital is key now.

Rgds
Daniel

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