In last week, STI merely gain 10 points from the opening of 3077 and close higher at 3087. A black candle stick with long upper/lower shadow affirms hesitant as selling eased when approaches the critical support at 3040.
Key Economics Data report:
Disorder in the Middle East, recurring Euro sovereign debt concerns and now the possibility of U.S. looking at a pickup in inflation all hang over markets. There are also worries about high unemployment picking up in the coming weeks.
However that did not stop the investors been bullish in the stock market.
The S&P has gone up 6.8% for the year and 27% since Sept. 1 with traders waiting for the pullback that doesn’t seem to come.
Bubbles seem to be forming at the US market as it is rising regardless of news or data from the economic. We would like to warn investors who are ......