The Euro indeed showed that it can stand against the bears and rallied after the unemployment results on Friday. Right now EUR/USD is showing an inverted pinbar which we have to be cautious about as that may signal a reversal. JPY crosses are still showing strong signs. AUD/USD is also looking weak.
GBP/USD on the other hand was very weak and fell. Further downside is to be expected when it breaks the bottom.
US Stocks
And the Dow Jones Index broke and closed just above 14,000. Can it maintain above the level or will it just fall later?
Alcoa still in a ranging stage. Looking for a good buy.
Amgen went down briefly before bouncing back to resistance. Was looking at a bearish stance the last time I reviewed this stock. Will still maintain bearish lookout.
Wells Fargo maybe looking for a long. But will be still uncertain. Long outlook.
Singapore stocks
NOL is going down. Wait till it is supported. Shipping stocks were pretty weak.
Ezra is looking for a buy.
Beware of property stocks.
Genting SP was consolidating and indeed BBs has bought the stock up. Will it continue to go further?
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