STI & Dow

Latest news: looks like bargain Hunter has saved the day to take into positive territories.
Quote :

 a wild session on Wednesday, stocks closed sharply higher as Wall Street erased massive losses earlier that came after China's announcement of new tariffs on U.S. goods sparked fears of a trade war.

The Dow Jones industrial averageclosed 230.94 points higher at 24,264.30, rallying more than 700 points from its session low. Microsoft and IBM were the best-performing stocks in the index.

The S&P 500 erased a 1.6 percent decline to finish the session 1.2 percent higher at 2,644.69, led by gains in consumer stocks. The broad index also closed back above its 200-day moving average, a key technical level. The Nasdaq composite closed 1.5 percent higher at 7,042.11 after plunging as much as 1.9 percent.

Stocks mounted their comeback as the White House tried to push back on the notion a trade war would breakout.

Larry Kudlow, Trump's chief economic advisor, told reporters: "He wants to solve this with the least amount of pain.... this is a growth action. I can't emphasize that enough."

"We have a very emotional tape," said Jeff Kilburg, CEO of KKM Financial. "When you have so much emotion, you're going to see some volatile moves."

"The emotional tape presents investors with a buying opportunity," he said.

Apple helped lead the comeback in the market, rising 1.9 percent. Chip stocks also rebounded, with Micron and Advanced Micro Devices climbing 3.6 percent and 2.3 percent, respectively.https://www.cnbc.com/2018/04/04/us-stock-futures-dow-data-trade-tech-and-politics-in-focus.html

STI - today drop 72.45 points to close at 3339.70. It has broken down the support at 3470 as well as 3400 psychological level.

Looks bearish!
Likely to go down to test 3336/3300 with extension to 3200.
Even with the good news from US market added 241K jobs may also unlinely to lift the market condition as the latest spade of retaliation import tariff from China :

China announces new tariffs on 106 US products, including soy, cars and chemicals

• The effective start date for the new charges is not announced, though China's Ministry of Commerce says the tariffs are designed to target up to $50 billion of U.S. products annually.
• The 25 percent levy on U.S. imports includes products such as soybeans, cars and whiskey.
• The move comes less than 24 hours after President Trump unveiled a list of Chinese imports that his administration aims to target as part of a crackdown on what he deems as unfair trade practices
• https://www.cnbc.com/2018/04/04/china-new-us-tariffs-including-soy-cars-and-chemicals.html

Not a call to sell or buy.

Private payrolls grow by 241K in February vs. 205K est.: ADP/Moody's Analytics

• Private companies added 241,000 positions in March as employment in construction and manufacturing surged, according to ADP and Moody's Analytics.
• The report was well ahead of Wall Street estimates for 205,000 growth and marked the fifth straight month that private payroll growth topped 200,000.
• Service providers added 176,000 new jobs while goods-producing industries contributed 65,000.
• "The job market is rip-roaring," says Mark Zandi, Moody's Analytics' chief economist.

As I am writing now, Dow futures is down with -457 points . Dow may likely retest the recent low of 23360. 

Breaking down of 23360 will be rather bearish as it is also broken down from the Uptrend channel and is heading down to form the bearish downtrend mode patterns. It may likely go further down to test 22220 with extension to 21350..

Not a call to sell or buy . 

Trade/invest base on your own decision