Wednesday, 1 June 2011

ADP jobs and ISM report from the US miss expectations .. prompting market talk of QE3 .. STi to suffer a correction before specter of more money printing raises market hopes again ..Friday's non-farm payroll data and Greece rescue news awaits ..


STI to suffer a small correction next 1-2 days    - next support  3152 then 3138 then possibly 3105 .
Friday's discounted non-farm payroll data  and Greece rescue news awaits ..
if no relief news in sight from Europe or US Fed or Fri jobs data , then 3040-60 is a strong possibility next 2 weeks.


Kepcorp suffers down reaction at 11.60, expect small correction ,  to hit strong support 11.30 of our old trading band  ( 10.30 - 10.60)  then   next support 11.20 then 11.06 
final support , if hit , at $10.90 - $11 is a screaming buy.



Cosco to re-test 1.88 then 1.84 then possibly our old target 1.80  since 18 April peak
( see http://sgxswinger.blogspot.com/2011/05/kepcorp-finds-bottom-goldmans-bull-call.html) and  1.5 month most popular post at http://sgxswinger.blogspot.com/2011/04/cosco-classic-sign-of-island-reversal.html )

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