Severe Downside Target for KLCI at 1,350
21-Sep-11 08:17
[ Programme Segment: Market Watch ]
Daryl Guppy, founder and CEO of Guppytraders.com talks about
- European equity markets (DAX, FTSE) after S&P downgraded Italy's debt rating - very little as downgrade was baked into the cake
- where gold is headed in the short term - short term pullbacks are potentially buying opportunities
- US markets' reaction to Obama's comments and FOMC's meeting thus far - not impressed, support and resistance levels for US markets
- still very much a seller's market- fairly severe downside target for KLCI - 1,350 points. not time to go bargain hunting yet.
- Favs in Asia are KOSPI and Shanghai Index - due to opportunities developing, but too soon to move at this stage.
Duration: 3m 42s Filesize: 1.27 Mb
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