Today's Asian market opened higher as expected from the very strong gains in the US last night. However, the strength was not very very significant as what I expected. For the Kospi, it opened up at 240.35 in the morning, and for those who followed my guide, if they BUY it close to the open price, you should be expecting a fairly quick profit of abt 50+ pts within the first 5-10 mins of trading. I did that and after that I waited for my chance to get another BUY close my target low price at around 238ish. The gains were not very significant and I did not see my high price target of 247ish or even close to 245. It reached 241.05 near the close and the market closed at 239.45.
HangSeng's futures contract was finishing as it is the end of the month and the 2nd session theory here as usual did not apply coz, the 2nd session, HS futures switched to the new one and the old contract doesn't move much at all. My target price for HS is close enough for the highest price in both the old and new contract with the old one touching 28644 and the new contract was at 28714. The HangSeng old contract closed at 28475 and new contract closed at 28399.
Commodities prices didn't move very much with gold at $805ish at around 4 PM. Japanese Yen traded at low 110ish against the US$. I think some corrections are bound to happen tomorrow, but it'll all depend on the Dow performance tonight.
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