Singapore Stock Market News
Alpha Edge ' Coming down to earth
StockFanatic
Publish date: Thu, 11 Oct 2012, 10:54 AM
StockFanatic
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The S&P500 and gold price are showing signs of short-term weakness.
We see more downside in the immediate term though the S&P500
should not go below 1,415pts. Since July, the MSCI Asia ex-Japan Index
has been trading within an uptrend channel. We would only be
worried if its major support trendlines between 485pts and 495pts
gave way.
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