Yesterday, US markets continue to climb into record levels for the second time this month which should be good for the regional markets. In yesterday's FED minutes, investors found comfort that the US economy is NOT heading for a recession. Dow closed 121pts higher to 14,164 while the broader S&P500 added 13pts to 1,565.
STI should hit new highs today with 3,945 the next target. KLCI will try to breach the 1,380 levels first then followed by 1,392 later. Penny stock would likely to be in the limelight. I have highlighted 2 stocks today which saw a bullish breakout on their charts. They are Idaman (1112) and Metacorp (8389). Also keep an eye on MESDAQ counters like YTLE (which also moved yesterday), AIM, Opcom and BAHVEST (but no volume).
Happy Trading!!!
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