some very positive short term signs for global markets at the moment, with the US able to shrug off some horrible economic and earning news in the last week, I have a feeling that we are likely to see a multi week rally from these levels and its time to mix some medium term longs in with the obvious day trading.
I believe we are likely to see some continued strength in iron ore, coal, and a rebound in some of the slaughtered REIT's, banks.
Today's main trading opportunity lies in SUN, will be very interesting to see how low it goes straight up, with their banking/insurance divisions still likely to be coveted by the likes of ANZ,QBE I wouldn't be surprised to see some major positions being taken today and a strong rebound off the lows, on top of that the 20c dividend at the end of the month is going to be attractive if the shareprice fall into the $4-$4.50 range.
