Singapore Stock Market News

Don't fight the trend

StockFanatic
Publish date: Sat, 18 May 2013, 02:19 PM
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The S&P500 surprised when it took out its 1,590pt major resistance trendline this month. What was resistance is now support. Only a break below this level would indicate a change in the current uptrend.

The uptrend in Asia equities continues to be strong and the MSCI Asia ex-Japan Index should take out its resistance at 562pts soon. Malaysia's KLCI monthly MACD has also just turned positive.
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