21/6/2011 5PM

SET 1027.72 (+14.63)

Wow, lots of optimism here. SET passed the 1025 resistance in the afternoon, and went up to test the 1030 area. It didn't get pass it, but the index did good today. The intraday graph looks real nice. On the daily chart, SET closed slightly above the 10-day EMA. Personally, I don't consider it a signal, but it's comforting to know. Of course, you have the RSI and MACD moving up. The market is still bi-polar though. I wouldn't be surprised if tomorrow turns out to be horrible.

The real factor here is the confidence vote tonight. Expectations are high. The US and Euro markets are very sensitive right now and bad news can trigger a sharp (panic) sell-off.

Right now, the Euro markets are good, with indices rising from half a percent to a percent. Asian indices also did very good today.