Thursday, February 21, 2008

US Market Summary 20 Feb 08

Dow 12,427.26 +90.04 +0.73%
Nasdaq 2,327.10 +20.90 +0.91%
S&P 500 1,360.03 +11.25 +0.83%

Stocks came off early losses to finish higher Wednesday as investors set aside some concerns about the economy after finding reassurance that the Federal Reserve remains committed to stoking growth before worrying about inflation.

Asia markets will rally strongly today due to gains from the US market.
I predict HSI especially will be particularly strong today, thus load on china stocks today for the rally and sell off before the end of the day as the market is still very unstable at the time being.
Short term: uptrend

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