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The downside market will be continued

15 Jan 2009

There is no good news, even Europe market open, also in red. Therefore, Tonight, the US Market will keep pointing to 8000 direction.

To buy any put vehicles, remember to wait at least half hours as the price will be stable a bit.

We are surfing in the high wave, keep flexible and don't be stubborn!

US Market

US Stocks dropped sharply on the disappointing retail sales and the bad performance on financial industry. Nortel Networks filed for bankruptcy protection gave more pressure on IT industry. At the day end the sick leave of Steve Job also give pressure to AAPL price.

Dow open at 8446 and touched the lowest point at 8183 and close at 8,200 – 248 (-2.94%)
The US Crude Oil once dropped to around 35.6 / barrel which dragged down most of the Oil shares. BP Close at 43.19, DO close at 56.15 and XOM close at 75.1 and SLB close at 40.43. NXY close at 15.33
HSBC ADR Close at 42.19 around HKD65.39

HK Market
HS Index open at 13136 and close at 13,242.96 – low is 12904
- 461 point (-3.37%)
005 open at 66.50 and close at 66.00 and the lowest is 65.55
- 4 (-5.71%) volume 50M
3988 open at 1.85 and close at 1.95 and the lowest is 1.82 0.05 (2.63%) volume 550M
1398 open at 3.27 and close at 3.32 and the lowest is 3.21 0.05 (-1.48%) Volume 1,712M
941 open at 70 and close at 70.4 – 2.4 lowest is 68.60 (3.30%)

Shanghai Market
It open at 1912 and close at 1920 - 8.66 (-0.45%) turnover stay high volume at 832M, 300 M than usual.

BOC in China is 2.95 – 1.34%
ICBC in China is 3.49 – 2.24%

Japan Market
Opened 8309.38 and close at 8023 – 415 (-4.92%) the lowest is 7997.73
The fast retailing lost almost 9.04 % close at 11160 – 1110
UFJ closed at 516 –8 (-1.52%)
Toyota closed at 2770 – 175 (-5.94%)
Sony closed at 1981 – 109 (-5.21%)

US Crude Oil in the morning is 37.02 – 0.26 and at 5:09 pm is 36.82 – 0.46

At 5:09 pm the Dow Future is 8115 – 44,
Gold is 810 + 1.9

EUR run around 1.3136 – 1.3169
GBP run around 1.4612 – 1.4591

AUD low down to 0.6580

Earning release tonight

INTEL Corporation
JP Morgan Chase & Co

Economic report Release

International
Thursday, January 15, 2009
2:00 a.m. GER: Dec CPI Final (Mon) Expected: +0.3% Previous: -0.5%
2:00 a.m. GER: Dec CPI Final (Yr) Expected: +1.1% Previous: +1.4%
4:00 a.m. ITA: Dec CPI Final (Mon) Expected: -0.1% Previous: -0.4%
4:00 a.m. ITA: Dec CPI Final (Yr) Expected: +2.2% Previous: +2.7%
5:00 a.m. EU: Dec Harmonized CPI Monthly Expected: -0.1% Previous: -0.5%
5:00 a.m. EU: Dec Harmonized CPI Yearly Expected: +1.6% Previous: +2.1%
7:45 a.m. EU: ECB interest rate decision announcement, MRO Rate Expected: 2% Previous: 2.5
8:30 a.m. CAN: Nov New Vehicle Sales M/M Previous: -0.9%
9:00 p.m. JPN: Dec Electric Power Output On Year Previous: -1.8%
11:30 p.m. JPN: Nov Retail Sales, revised

US Market

Thursday, January 15, 2009
8:30 a.m. Initial Jobless Claims For Jan 10 Week: Expected: +28K. Previous: -24K.
8:30 a.m. Dec Producer Price Index: Expected: -1.8%. Previous: -2.2%.
8:30 a.m. Dec Producer Price Index,ex-food & energy: Expected: +0.1%. Previous: +0.1%.
8:30 a.m. Jan Empire State Fed Manufacturing Survey: Expected: -26. Previous: -25.76.
9:00 a.m. Nov Tsy International Capital: Previous: -$13.3B.
10:00 a.m. Jan Philadelphia Fed Business Index: Expected: -36. Previous: -36.1.
10:00 a.m. DJ-BTMU Business Barometer For Jan 2: Previous: -1.6%.
10:30 a.m. EIA Natl Gas Inventories

Today the US Market may still influence by the earning result of Intel and JP Morgan and the Business index.

The JPY is 88.70 at 5:26. It is an indictor that the US market will be still in downturn

VIX close at 49.14 is also another indictor for weak market performance.

Comments

Anonymous said…
Just can't believe a big enterprise such as Nortel goes bankrupt. Almost all big organizations including the Hk Government are using Nortel equpipment. What next?
sparkle said…
Yes, So look for the cash rich money to invest. There will more banks, retailers files backruptcy
Unknown said…
這個年代, 什麼都會發生.

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