SG Market: Leads for Spore shares turning bearish, after US markets fell for a 2nd day on another round of weak economic data, but trading activity is expected to be light amid caution ahead of a key US jobs report tonight. There is no major catalyst to drive the broader market although oversold counters may also see some bargain hunting. SGX may come under pressure after securities turnover in May fell 17% yoy & 10% mom with ADT of under $1.5b.
STI has fallen back into the symmetrical triangle paatern after making a false break 2 days ago. Support tipped at 3140, followed by 3110, resistance remains at 3180 & 3200.
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