Yeay!! All markets seem to have reversed their downtrend... STI, KLCI, Dow, S&P. Hang Seng is about to breakout of its downtrend channel.. So, watch for it either today or tomorrow.. STI could reach as high 3,300 but the immediate target is 3,150. KLCI could reach 1,250 first but it could reach as high as 1,304 next.
Since most of the countries' markets are starting to pick up again, it may wise to look at the listed stock exchanges.. I like Bursa Malaysia and Singapore Stock Exchange as well as the Hong Kong Stock Exchange. I believe all three are strong buys now as all have hit their strong support levels. For those who prefer to take on a bit more risk, one may want to look at their call warrants.. Even so, always make sure you know the exercise price of the warrant.
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