Singapore Stock Market News

Alpha Edge - still in rebound phase?

StockFanatic
Publish date: Mon, 02 Nov 2015, 05:00 PM
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■ Asia equity markets remain in rebound phase. Hopefully, Nov will be an up month.

■ Dollar Index trend still sideways unless the index can overcome its resistance trendline at 97.5pts.

■ US S&P500 and DJIA weekly charts are holding above their major support trendlines, which is medium-term positive.

Still unclear if US equity markets have started bear phase or if long-term uptrend is still intact.
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