The market indices are higher today on the back of Wall St positive close on Friday and Dow futures pointing green , but it was rather mixed bag for microcaps albeit higher as well.
Interestingly BHP results are due tomorrow and if they present a strong set of results with expected good dividends, the market can gain some positivity out of it although their shares traded flat today and still remains below the $36.45 level at the close.
I think this week would be pivotal for the US markets, will we continue to see volatility which suggest we may not have reached short term bottom. Time will tell but it remains a wait and see to determine if the market can shake off the prevailing pessimism. The trouble is that with those major issues lingering , short term optimism on rebound may quickly falter back if China or US sends another salvo.
