Wall Street rebounds

The US markets rebounded sharply as expected. US stocks climbed the most in 2 months
after Wal-Mart Stores Inc.'s profit beat analysts' estimates and Goldman Sachs Group Inc. said it doesn't plan any significant writedowns on mortgage-related assets. Tech stocks like Apple also surged. Apple led the Nasdaq Composite Index to its biggest gain in four years after China Mobile Ltd. said it's in talks to sell the iPhone in China. Dow surged 319pts while Nasdaq 90.

STI touched its 50% fibonacci retracement at 3,434 yesterday and rebounded. This could be the low for STI. A new rally to new highs is likely to take place very soon.

KLCI support at 1,380 appears to be strong. Bulls seem to be buying strongly whenever the stock fell below the support.

I think these are good levels to get into S'pore and M'sia stocks. Even for the conservative investors. Do not miss this BULL run! It comes only once in a blue moon (well 13-14years to be exact). Happy trading!