Good Morning Everyone,

Today is Christmas Eve, and most of the World’s Financial market will only be trading for half day, we will not be doing any stock pick today in view of the extremely long weekend.

However, just a quick review of the US and the Singapore market:

Dow closed at 10,466.44 this morning, ended with +1.51 points. The US market opened with not-so-upbeat news that the new home sales are down, personal income and spendings are rose lesser than expected. Dow Jones currently has a support at 10,235 level and a resistance at 10,500.

STI managed to close at 2841.56 yesterday at a new 2009 High. It is likely to gap up when open this morning and there is likely to be profit taking in the earlier part of the morning.

That’s all we have for today. Here’s wishing you a Merry, Merry Christmas and Happy Holidays!!