FTSE 260509 Comment

Hi all,

Apologize over our lack of coverage in the Europe and US market recently, due to our over commitment with many other aspects of our lifes.

Would like to give a brief comment over our views today - again, taking leads from Asia, we expect today to be a down day first of all. Second of all, we may also expect us taking some leads in the afternoon when US comes into the game.

I feel today will have big moves, and again, testing important levels just like all other markets. However, the wipsaw may remain intact for the meanwhile.

We continue to be bearish on the market, and would not favour financials. We will remain buyers of consumer staples and other defensives.

That's about it today!

Happy trading!

ongy out.