Market Diary:
World Indices:

Tuesday, July 26, 2011


The Market
All eyes are watching on whether US will raise the debt ceiling by the deadline on August 2nd. If they don't, their credit rating will fall and it will likely trigger a new round of financial crisis. Technically, STI has turned bullish but external factor such as this will affect the index performance in the upcoming months.

A symmetrical triangle is in the making. If it is able to breakout successfully, it has the potential of hitting $1.60 as the target.