Sunday 17 January 2016

The Bear Is Here?

Once again, Dow Jones dropped 390.97 on Friday closing, ended below 16000 @ 15988.08. The selling will continue on Monday...

Hang Seng Index closed lower at 19520.77 (-296.64); futures ended at 19468 (-342) on Friday. Be prepare to see a lower index for HSI, key support at 19000. However, market is oversold. Any rebound likely will reach 19800 or higher 20200.

FBM KLCI Index finished at 1628.55, down 4.89; spot futures closed at 1615.00 (-15.00). Next support --1580.


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