I'M BACK!!!!

Fellow traders, After more than 6 months sitting on the sidelines taking a break from everything and going on holidays, I'm back in the game now. For the past half year, I've seen that the worldwide markets have gone to their lowest points in mid-march and they have also staged a very impressive rally in the past 3 months. Dow Jones Industrial Average reached its lowest point at 6469.95 on 6th March and have also touched its highest point for the year at 8900.48 on 5th June. Between its lowest and highest points, DJIA has rallied 37.6%.

The same thing happened around Asia region. Nikkei have touched its lowest point at 6935 on 9th March and its highest at 10180 on 12th June or 46.8% rally between its lowest and highest points.

Korean Kospi have also experienced the same thing as its regional peers. It touched its lowest point of 129 at 3rd March and its highest point of 183.60 at 12th June or 42.3% rally between its lowest and highest points.

Hongkong Hangseng is the clear winner among the 3 major markets in Asia which I cover in this blog. It reached its lowest point of 11324 at 9th March and its highest point of 19093 at 12th June or 68.6% rally between its lowest and highest points.

In the past 1 month, worldwide stock markets are having their consolidation periods. They're now waiting if the massive rallies are justified. The 3 months rally staged by worldwide markets are caused by good economic data and upbeat news given by economists. Not forgetting that major countries around the world pumped billions of dollar to help revive the failing global economy. It is not unusual for markets to take a breather from long rallies such as this. Right now, investors are waiting to see if Q2 earnings reports by various companies can support the rally. If there are more upbeat forecasts and good earnings reports, Dow Jones may end the year in the positive territory, Nikkei may breach 11,000, Kospi may go beyond 200 and Hangseng may breach its 21,000 mark.

To see more news and follow my daily analysis and predictions, come back to this blog everyday as I will update this blog early morning my time (GMT+7) and if I'm not too lazy, I'll write up daily reviews after market closes.


Cheers traders & Happy Trading