The summary for the world economy for Monday 3/5/2010:

• Wall St closed 1.4% lower, on reports of Goldman Sachs facing
criminal probe, and Greece debt crisis. US 1Q’2010 GDP up 3.2% yoy,
for the third quarter in a row. Regional manufacturing reading,
Chicago PMI, rose strongly to 63.8 in April Friday. Japan is on national
holidays; reopen on Thursday. Dollar down. Commodities up.
• Dow of 11,008 has topped out at 11,258 on the negative divergences
of the Stochastic, and RSI of 61. A correction to the 10,844 low of
8/4/2010 is most likely. The next low of 11/3/2010 at 10,507,
is about 50% retracement.
• Dollar Index is lower at 81.8. Upside is at 83.5.
• Dollar yen is up to 94.0 yen.
• Euro/dollar is higher at 1.331. Support is at 1.315.
• Crude oil is higher at USD86. Upside is at 90.
• Gold is up at USD1,180. Upside is at 1,184.
• Shanghai closed higher at 2870
• Singapore STI closed higher 2974.
• Ringgit is firmer at 3.184. Upside is at 3.15.
• S’pore ringgit is steady at 2.33. A small pullback is likely.
• Malaysian market closed higher at 1346. Upside is likely to be
capped at the price gap of 1354 of early March 2008. A downside
breach of the MA of 1336 will be negative, for a downside of
1306. RSI is at 63. Stochastic is weakening. Today’s range is
between 1338 and 1348.
• CPO May futures is higher at RM2574. Upside of 2631 remains.
• Trading ideas on :
GENM ( 4715 : 2.88 ) : 3.22 Target
KINSTEL ( 5060 : 1.00) : Buy

-Jupiter

Any comment? Just drop it down here ok guys :)