Monday, 11 June 2012

What is the plan now that Spain has reached a resolution?

Dear Friends,

Last night Spain stage its contest with Italy in the Euro 2012 football match. It has been delighting to know that with the kickoff of Euro, it seems that Europe problems has died down as media focus is channeled to soccer matches rather than focusing on its domestic economical problems.

It is delightful to watch Spain's prime minister escape from his country to go to support Spain after getting 100million Euros.


http://business.financialpost.com/2012/06/10/spanish-pm-refuses-to-call-e100b-bailout-a-rescue-skips-country-to-watch-euro-2012/

As a matter of fact, I think this is a smart political move to indicate that the Spain prime minister is still ENJOYING LIFE. It is as if he is saying "Relax everyone, let's just watch some soccer. The problem is over."

This month is indeed a very unusual month that I find it hard to comprehend. But so far, like what I mentioned, once Dow goes up for 3 consecutive days and when Dow increase by more than 100 points, the temporarily trend has changed bullish.

See our article 2 weeks ago when we said these are the 2 indicators to look for. On Thursday, Dow completed its 3 days up move.


http://www.danielloh.com/2012/06/do-you-jump-in-to-buy-singapore-stocks.html

So it may just be going a bit bullish now. But be careful with your position size also as this weekend we will have GREEK Election also!

Rgds
Daniel

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