For the 2nd straight day, STI had been trending up after my initial Sunday bullish morning post on my blog. The fear, the anxiety and all that bad news of Greece was suddenly turned into an ecstatic mode.
The Dow rallied +218 points last night while the Europe region was mostly in a 1.0+% gain too which indicated the bullishness of the overall market. Now the spotlight will turn to China because of the earlier heat and curbing measure we witnessed in the last few weeks. In the very short term, STI will suffer some mini selling first. I need to judge the supply to determine if the next up leg will be possible.
Ronald K - Market Psychologist - A Stock Market Opportunist
