Market Outlook

Today, most Asian and the European markets rallied strongly following gains in U.S. equities overnight after Fed chair Janet Yellen struck a dovish tone in a speech to the Economic Club of New York.

She totally contradicted the four Fed presidents who spoke last week of a sooner than expected rate hike. She also noted the mixed readings on the strength of the U.S. economy since the beginning of the year.

The DJ closed exactly at its resistant line as shown in the chart. It needs to break this resistant line in order to move higher.

2016Mar-Dow Jones Averages Industrial Average-800x600

Coincidentally, the STI is also near its resistant line. It too need to break this line to go higher.

2016Mar-STI-800x600

This Saturday, I having 2 seminars – Unit Trust Investing Seminar and Ultimate Sniper Stock Trading Course Preview, and is looking forward to meet up with the new batch of students.

I will talk more on the market outlook during this Saturday seminars and if you are coming, do bring along some writing material. See you!

The Money Is In The Chart.