Monday, September 5, 2011

Morning thoughts Sept 5

Morning Markets:
With the U.S. Markets falling on Friday (influenced by a poor jobs report), Asia has opened lower. The SGX suggests an open around 4975, which if it comes about in actual trading will be around 65 points lower than Friday's close.
Large gaps will always raise the question: Is the gap comleting the move or is there more to come? Answers to this question will come as the trading day develops. Therefore, a hurried trade on a gap open may not be the best idea.
India's tea party. Bloomberg has an excellent article on the demands by Indians for better governance. Read it Here.

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