8 Dec 2008
The HKSI Index soared 1198 point and closed at 15044. 5 and 941 is running quite well. The turnover volume is 638 Million, Double the volume of last weekly daily average.
Based on the rebound of last friday, Dow soared 200+ point. It is obvious that the traders ignore the unemployment rate 6.7% and non farm payroll declined to 533,000.00 and intend to cook a big meal.
As I previous estimation, the global market will keep moving up further before rolling down again.
The Chart in HKSI, 005 and 941 supports the assumption
Next, is the support from Forex Market.
The GBP, EUR became stable and climbing on the uptrend. The reason will be the further interest rate of US within mid of Dec. US has no more room for deduction but EUR and GBP has.
As the GBP has more support, HSBC will be having a uptrend in short run combining its SME camplain.
USD/JPY climbed from 92.78 to 93.48 at 5:02 pm. I believe EUR,GBP and AUD will up further at night time.
The money support may be have further ease based on the performance of USD/JPY
SIM Trade Journal GBP buy 1.4950 and 1.4930 at 3.54PM : Keep record to prove the view
My estimation that DOW will try to reach over 9000 within this week. Let's see whether I am wrong.
My strategies is keep watching and wait for short position entry point. Patient! Patient! and Patient!
For HK Market, be patient for 3 more days and see how far it goes. At Wednesday, The rat has to be caution and run if u have enough food.
The following list cover the report release between December 8 - December 12, 2008
Monday, December 8, 2008
International Market
International Market
4:30 a.m. UK: Nov UK Core PPI Yearly Expected: +4.5% Previous: +4.9%
6:50 p.m. JPN: Q3 Preliminary Revised Real GDP Previous: -0.1
7:01 p.m. UK: Nov BRC-KPMG Expected: -2.9% Previous: -2.2%
7:01 p.m. UK: Nov RICS UK House Prices Expected: -82 Previous: -81.8
6:50 p.m. JPN: Q3 Preliminary Revised Real GDP Previous: -0.1
7:01 p.m. UK: Nov BRC-KPMG Expected: -2.9% Previous: -2.2%
7:01 p.m. UK: Nov RICS UK House Prices Expected: -82 Previous: -81.8
US Market No economic events are scheduled for today.
Tuesday, December 9, 2008
International Market
International Market
2:00 a.m. GER: Oct Foreign Trade
2:45 a.m. FRA: Oct Foreign trade
4:30 a.m. UK: Oct UK Global Goods Trade Balance, GBP Expected: -7.5B Previous: -7.5B
9:00 a.m. CAN: Bank of Canada Overnight Interest Rate Decision Expected: 1.75% Previous: 2.25%
2:45 a.m. FRA: Oct Foreign trade
4:30 a.m. UK: Oct UK Global Goods Trade Balance, GBP Expected: -7.5B Previous: -7.5B
9:00 a.m. CAN: Bank of Canada Overnight Interest Rate Decision Expected: 1.75% Previous: 2.25%
US Market
7:45 a.m. ICSC Chain Store Sales Index For Dec 6: Previous: -0.6%.
8:55 a.m. Redbook Retail Sales Index For Dec 6: Previous: -1.2%.
3:00 p.m. Oct Pending Home Sales: Expected: +3.0%. Previous: +7.4%.
5:00 p.m. ABC/Wash Post Consumer Conf For Dec 6: Previous: -48.
8:55 a.m. Redbook Retail Sales Index For Dec 6: Previous: -1.2%.
3:00 p.m. Oct Pending Home Sales: Expected: +3.0%. Previous: +7.4%.
5:00 p.m. ABC/Wash Post Consumer Conf For Dec 6: Previous: -48.
Wednesday, December 10, 2008
5:00 a.m. ITA: Q3 GDP
US Market
7:00 a.m. MBA Mortgage Application Survey for Dec 5:
10:00 a.m. Oct Wholesale Trade: Expected: -0.2%. Previous: +1.0%.
10:35 a.m. US Energy Dept Oil Inventories for Dec 5
10:35 a.m. API Oil Industry Report
2:00 p.m. Nov Federal Budget: Expected: -$171B. Previous: -$237B
10:00 a.m. Oct Wholesale Trade: Expected: -0.2%. Previous: +1.0%.
10:35 a.m. US Energy Dept Oil Inventories for Dec 5
10:35 a.m. API Oil Industry Report
2:00 p.m. Nov Federal Budget: Expected: -$171B. Previous: -$237B
Thursday, December 11, 2008
International Market
2:45 a.m. FRA: Q3 Payroll employment, revised
4:00 a.m. FRA: Dec IEA Oil Market Report
8:30 a.m. CAN: Oct New House Prices Y/Y Previous: +2.1%
11:30 p.m. JPN: Oct Retail Sales, revised
2:45 a.m. FRA: Q3 Payroll employment, revised
4:00 a.m. FRA: Dec IEA Oil Market Report
8:30 a.m. CAN: Oct New House Prices Y/Y Previous: +2.1%
11:30 p.m. JPN: Oct Retail Sales, revised
US Market
8:30 a.m. Initial Jobless Claims For Dec 6 Week: Expected: +11K. Previous: -21K
8:30 a.m. Oct Trade Balance: Expected:52.5B. Previous: 56.47B
8:30 a.m. Nov Import Prices: Previous: -4.7%
10:00 a.m. DJ-BTMU Business Barometer For Nov 29: Previous: +0.3%
8:30 a.m. Oct Trade Balance: Expected:52.5B. Previous: 56.47B
8:30 a.m. Nov Import Prices: Previous: -4.7%
10:00 a.m. DJ-BTMU Business Barometer For Nov 29: Previous: +0.3%
Friday, December 12, 2008
International Market
12:00 a.m. JPN: Nov Consumer Confidence Survey
12:00 a.m. JPN: Nov Consumer Confidence Survey
US Market
8:30 a.m. Nov Producer Price Index: Expected:-2%. Previous: -2.8%
8:30 a.m. Nov PPI, Ex-Food & Energy: Expected: +0.1%. Previous:+0.4%
8:30 a.m. Nov Retail Sales: Expected: -2%. Previous: -2.8%
8:30 a.m. Nov Retail Sales, Ex-Autos: Expected: -2%. Previous: -2.2%
10:00 a.m. Oct Business Inventories: Expected: -0.3%. Previous:-0.2%
10:00 a.m. Mid-Dec Reuters/U Mich Sentiment Index: Previous: 57.5.
8:30 a.m. Nov PPI, Ex-Food & Energy: Expected: +0.1%. Previous:+0.4%
8:30 a.m. Nov Retail Sales: Expected: -2%. Previous: -2.8%
8:30 a.m. Nov Retail Sales, Ex-Autos: Expected: -2%. Previous: -2.2%
10:00 a.m. Oct Business Inventories: Expected: -0.3%. Previous:-0.2%
10:00 a.m. Mid-Dec Reuters/U Mich Sentiment Index: Previous: 57.5.
Comments
buy on rumor, sell on the fact!
Let's us begin to play this game. :)