If there is a rumour when 1 analyst write about something to do with Quantitative Easing or better known as QE, the Market will always remain strong. Coming this Year 2016 is the Presidential Election, the FED know that the US economy is still in the recovery phrase and cannot allow it to fall back to negative territory. But with the upcoming DEFENCE budget to be announced, there could be a QE4 in the card if America Increased its spending on defence.
Sign of Support for many small-cap penny names seen in the Top Volume in this week as they are playing catch-up with the INDEX rally from it lows this year.
STI could be forming up a strong support today as the DOW JONES INDEX continues to trade above the 18k mark in positive territory.