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Daily Market Opinion for 3-Jul-2012

STI started the second half of the month with a bullish start. STI gapped up firming in reaction to DJI’s strong positive closing last Friday and EU’s plan for the debt-laden European countries. Buyers were seen pushing the price of STI to a higher level during the early trading sessions but profit-takers were seen coming into the market when STI reaches 2900 level.

STI's uptrend is confirmed. Further upside to be expected in coming weeks.

Last week, STI ended its half year with strong bullish showing. This was primary due to the decision made by EU to reach out the debt –laden European banks to help them with their current situations. The world market cheered on this decision by closing strongly for the week. Last Friday night, DJI alone closed 277.83pts higher.

Daily Market Opinion for 29-Jun-2012

STI encountered a volatile day yesterday. STI opened with a gap opening in reaction to DJI’s overnight bullishness. This bullishness managed to continue strongly during the morning trading session which pushed STI to as high as 2869 level. The recent high at 2861 level seems to be broken but this bullish did not manage to maintain.

Daily Market Opinion for 28-Jun-2012

At last, STI had ended its retracement by surging strongly yesterday. STI opened slightly lower at 2802 level before it started to surge slowly. Buying strength was seen throughout the whole morning session, lifting STI to as high as 2834 level. However, the buying pressure does not stop at this resistance level.