Obama and Republicans seal deal to avert national default, raise federal debt limit, cut spending. For more information, visit http://sg.finance.yahoo.com/news/Obama-Congress-reach-a-debt-apf-4225932286.html?x=0 or www.marketwatch.com


Asian markets climb sharply after Obama says about the debt deal. Asian banks help lead the rally. Singapore market broke out 3200 but we believe that market shall pullback in the next few session before gaining its footing back to 3200 which will eventually turn to support. Next level of resistance will be at 3313.61. We believe market is upbeat.

Earning Announcement Dates
Mon 1 Aug - Cosco Corp (2Q 11)
Tues 2 Aug - Sembmarine (2Q 11), SGX (FY 11)
Thurs 4 Aug - Capitaland (2Q 11)
Thurs 11 Aug - Singtel (1Q 11) , Noble (2Q 11)
Fri 12 Aug - UOB (2Q 11) , IndoAgri (2Q 11)
Sat 13 Aug - STX OSV (2Q 11)

Short term trading
Lookout for Wilmar (lookout for shortout)

Mid term trading
Jardine C&C enter 40.70 Sl 35.40 (trail at 47) entered on 31th May 2011
1088 HK enter 39.05 SL 33.70 (trail at 35.60) entered on 5th July 2011
OCBC enter 9.80 SL 9.19 entered on 21th July 2011
UOB enter 20.14 SL 19.10 entered on 22th July 2011
UOL enter 5.12 SL 4.80 entered on 26th July 2011
DBS entered 15.25 Sl 14.54 entered on 27th July 2011
Singtel entered 3.34 SL 3.13 entered on 29th July 2011 (lookout for XD on 5th Aug)