Tuesday, May 8, 2012

Global Market Skids, Technical Support intact 5-8-2012

Markets sell-off overnight especially Asia taking a double hit. -1.2% for the dow, and another 1.3% negative in futures. Most Asia Index lost 3%, and for me, support is there and might be an opportunity for this market.

Next week Wednesday is the next magical numbers everyone is waiting, Germany's Q1 2012 GDP. If GDP is good (above 0.0% growth), this so called sell-off will result to good returns. That made me decide to enter 15% into the markets yesterday. Especially HK and AU. And planning to enter more up to next week.




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