Daily Market Analysis for Sept 16

After a few days of MIA, I'll just make another quick update today... Brief and Concise. Enjoy!


Key News
TIC long term purchases

UOM consumer sentiment


-- For both of these news, we can play on probablity again. The last 4-5 or even 7 times the actual was worse than the forecast. By probability, today's news will most probably beat the forecast.

Feel of Market Sentiment
Neutral.

Technicalities
5th candle reversal governed by the Fibonacci numbers alert!
Normally, I will be bearish on Fridays since it is not known to make any strong bull runs.

Today is expiration Friday. Normally it has been bullish.

I believe that given the news to be good, today will give some upside.


Direction for US 16-Sept:

Forecast Accuracy since 6-Sept 2011: 4/5  (80%)

Timing shown below is Singapore Time +8 GMT