Tuesday, February 26, 2008

US Market Summary 25 Feb 08

Dow 12,570.22 +189.20 +1.53%
Nasdaq 2,327.48 +24.13 +1.05%
S&P 500 1,371.80 +18.69 +1.38%

Wall Street bolted higher Monday after Standard & Poor's affirmed its ratings for Ambac Financial Group Inc. and MBIA Inc., raising hopes that troubled bond insurers will emerge from the credit market crisis on solid footing.

We will see Asia markets rally today, take note of HSI as it is still quite bearish. Unless it is still strong in the second half of the trading, if not stick to intra day trading.

Take note of commodities counters like Golden Agri and Indoagri.

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