Asia stock markets consolidate due to profit taking and market trend down in SPX. SPX will likely dip in the 1st half today (near 1130 level) and consolidates upward. Traders will be watching the stock market trend for sign of reversal to buy on dips! SPX next higher range likely 1170 to 1180. If surge based on higher volume for consecutive days, will break 1200 "Psychological" Resistance before consolidating again!
Copper consolidating for higher high soon! BDI seems to bottom near 50 MA and reversing...
STI - still the same call on marine (both shipbuilding and shipping) related blue chip stocks - buy on dips!
Nevertheless, caution on any major market reversal event.
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