Thursday, 10 May 2012

DOW up after Europe close

Dear Friends,

It has been a funny pattern the last 3 days in US market. US follows Europe down until Europe closes at 12 midnight singapore time. After that, US market seems to stage a revival. Today is no different. At one point, Dow Jones is down 180 points. Now it is down 30 points at 2am in the morning Singapore time.

Today again, Europe caused the market to panic a while with Greek election problem and Spain yield problem. It seems like US market can't wait to bounce up after Europe closes.

Having dropped consecutively for 6 straight days, I am looking at US market to stage a rebound soon.


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