Weekly World Market Review

S&P 500 Daily Chart

Bit by bit, the S&P 500 index goes up. The momentum is worrying. Anytime can breakdown. But looking at the next downtrend line, it seems that it still have some more to go since the daily RSI is bullish but not yet overbought. The volume looks nice but manipulated due to program trading.

The summary for the rest of the world:

World	Longterm	Midterm	Shorterm
S&P500	Down	Neutral	Up
DJI	Down	Neutral	Up
NasdaqComp	Down	Neutral	Up
Nikkei 225	Down	Neutral	Up
Kospi	Down	Up	Up
SSECI	Neutral	Up	Up
HSI	Down	Up (+)	Up
TWII	Neutral	Up	Up
STI	Down	Neutral	Up
SENSEX	Down	Up (+)	Up
FTSE	Down	Neutral	Up
DAX	Down	Neutral	Up
Bovespa	Down	Up	Up

So, unless the US market drops, I still think that KLCI can still go up. But one must be very careful, don't be the last sucker to get out.