Shares & Derivatives
Market Outlook (18/06/11): Time To Go Bullish?
By Dou  •  June 18, 2011

In last week, STI falls 73 points from the opening of 3078 and close lower at 3005. A black candle stick with little upper/lower shadow indicates that investors have no qualms on en-cash the riskier assets for safety.

Key Economics Data report:

Concerns on a stalemate in Europe would turn Greece into ‘Lehman Part 2’, the market rallied on Friday after comments from European leaders that they understood the urgency of the situation.

China’s annual property inflation falls to 4.2 percent in May, extending a slowdown after a series of heavy-handed tightening measures by the government to cool price rises and deflate a bubble. The latest price data showed China’s tightening steps, including home purchase restrictions alongside higher down payments and mortgage rates, have been biting.

Technical Analysis on STI

STI index has re-test the critical support at 3000 on Friday and managed to close above this level to ...

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By Dou
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