Jun
03
2010
Regional Markets continue to rally but volume low.
Posted by admin in Futures Pick, Market AnalysisGood Morning,
As of 1155hr, NIKKEI OP is 9800 and now trading at 9900. SIMSCI OP is 326.40 and now is trading at 329.00. HK OP is 19799, now trading at 19833.
Even Shanghai hit a low of 2555 and recovered to 2587 now. This clearly show that the market is still having buyers coming into the market. I have shared with the grads that, if they want to go long, just go small in qqty. For short selling today, is a no no since the markets are all trading above the OP.
But the volume traded until now is still way below average thus I relate to them to go small in qqty.
Staying out for today.
Cheers!
Disclaimer applied.
Kelvin Han
V3Go Originator
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