Dow rebounded 117pts to 13,660 while S&P500 added 18 to 1,520. Dow appears to have formed a head & shoulder formation with a neckline at 13,450. A break below this level would definitely increace the chance of the index hitting the targeted 12,900 level.
STI and KLCI shld rebound further today. STI could test 3,700-3,722 level while KLCI could test 1,394-1,400 again. Nevertheless, investors ought to stay vigilant when trading in these volatile markets. Again the plantation and the smaller cappers would do well today.
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