21 Jan 2009
The market really pointing downward as the selling is too heavy on banking sectors all over the world. I think this time needs more time to recover. There is no support in this moment because the Dow is heading last support 7950. I think it will go back to 7700 direction.
Even the Obrama release the stimulus plan. With the earning release. The market may be getting worse.
If u are a smart person better step aside and see. Alert for any opportunity especially in currency. If you have oil, of course stick to the market movement
The crude oil really close over 40 after contract settlement. Now it is time to see what excuse will be use to stimulate it in this month.
Basically I do believe, after the uptrend, the next month low will be near 30. So the buying process can be delay a bit
US Market
US market opened at 8280 and closed low at 7949 – 332.13 (-4.01%)
The financial sectors –16.56%
Tech – 5.35%
Energy – 4.55%
BAC closed at 5.10 Gap Open low at 5.92 previous day close 7.17
Citi Closed at 2.8
AAPL Closed at 78.20
The Crude once read at 33 and then because of 21 Settlement close near 41
The HK Market
The HS index follows the direction of US Market open at 12600 closed at 12583 – 376 (-2.9%) Lowest point is 12439 turnover 476M
The banking sectors are have pressure
005 opened at 54.95 closed at 55. – 2.5 (-4.348%) turnover 87M
3988 opened at 1.84 closed at 1.89 +0.02 (+1.07%) turnover 1241M
1398 opened at 3.18 closed at 3.18 – 0.110 (-3.34%) turnover 426M
For Forex
Since the rating company is adjusting the country rating e.g spain downgrade AA- , so more and more pressure on EU country. Thus EUR and GBP is under pressure now
EUR 1.2925
GBP 1.3770
JPY 89.79
AUD 0.6499
Japan Market
The Japan Market also running low
Nikkei close at 7901 – 164.15 (-2.04%)
1321 closed at 8060 – 150 (-1.83%)
Fast Retailing 10940 – 250 (-2.23%)
UFJ 483 – 19 (-3.78%)
Toyota 2980 – 120 (-2.23%)
Earning result tonight
AAPL
ABBOTT
BLACKROCK
EBAY
Seagate Technology
US.Bancorp
Wipro Limited
International Report
Wednesday, January 21, 2009
12:00 a.m. JPN: Nov Indexes of Business Conditions, revised
12:00 a.m. JPN: Dec Steel Production
2:00 a.m. GER: Dec PPI
4:00 a.m. ITA: Nov Foreign Trade EU
4:30 a.m. UK: Dec Average Earnings (Ex-Bonuses) Expected: +3.5% Previous: +3.6%
4:30 a.m. UK: Dec Unemployment Change Expected: +81000 Previous: +75700
4:30 a.m. UK: Dec Unemployment Rate Expected: 3.5% Previous: 3.3%
4:30 a.m. UK: Dec BoE broad money provisional estimates
4:30 a.m. UK: Dec BoE capital issuance
4:30 a.m. UK: Dec CML mortgage lending figures
4:30 a.m. UK: Dec Public Sector Net Borrowing, GBP Expected: 10B Previous: +16B
4:30 a.m. UK: Dec Public Sector Net Cash Requirements, GBP Expected: 17.5B Previous: +10.3B
4:30 a.m. UK: Jan Agents' Summary of Business Conditions
8:30 a.m. CAN: Nov Wholesale Trade Previous: -1.8%
6:50 p.m. JPN: Dec Provisional Trade balance (value in yen) Expected: -321.2T Previous: -866.9T
US Market
Wednesday, January 21, 2009
7:00 a.m. MBA Mortgage Application Refinance Index For Jan 16: Previous: 7414.1.
7:45 a.m. ICSC Chain Store Sales Index For Jan 17: Previous: -2.3%.
8:55 a.m. Redbook Retail Sales Index For Jan 17: Previous: -2.3%.
1:00 p.m. Jan NAHB Housing Index: Previous: 9.
The market really pointing downward as the selling is too heavy on banking sectors all over the world. I think this time needs more time to recover. There is no support in this moment because the Dow is heading last support 7950. I think it will go back to 7700 direction.
Even the Obrama release the stimulus plan. With the earning release. The market may be getting worse.
If u are a smart person better step aside and see. Alert for any opportunity especially in currency. If you have oil, of course stick to the market movement
The crude oil really close over 40 after contract settlement. Now it is time to see what excuse will be use to stimulate it in this month.
Basically I do believe, after the uptrend, the next month low will be near 30. So the buying process can be delay a bit
US Market
US market opened at 8280 and closed low at 7949 – 332.13 (-4.01%)
The financial sectors –16.56%
Tech – 5.35%
Energy – 4.55%
BAC closed at 5.10 Gap Open low at 5.92 previous day close 7.17
Citi Closed at 2.8
AAPL Closed at 78.20
The Crude once read at 33 and then because of 21 Settlement close near 41
The HK Market
The HS index follows the direction of US Market open at 12600 closed at 12583 – 376 (-2.9%) Lowest point is 12439 turnover 476M
The banking sectors are have pressure
005 opened at 54.95 closed at 55. – 2.5 (-4.348%) turnover 87M
3988 opened at 1.84 closed at 1.89 +0.02 (+1.07%) turnover 1241M
1398 opened at 3.18 closed at 3.18 – 0.110 (-3.34%) turnover 426M
For Forex
Since the rating company is adjusting the country rating e.g spain downgrade AA- , so more and more pressure on EU country. Thus EUR and GBP is under pressure now
EUR 1.2925
GBP 1.3770
JPY 89.79
AUD 0.6499
Japan Market
The Japan Market also running low
Nikkei close at 7901 – 164.15 (-2.04%)
1321 closed at 8060 – 150 (-1.83%)
Fast Retailing 10940 – 250 (-2.23%)
UFJ 483 – 19 (-3.78%)
Toyota 2980 – 120 (-2.23%)
Earning result tonight
AAPL
ABBOTT
BLACKROCK
EBAY
Seagate Technology
US.Bancorp
Wipro Limited
International Report
Wednesday, January 21, 2009
12:00 a.m. JPN: Nov Indexes of Business Conditions, revised
12:00 a.m. JPN: Dec Steel Production
2:00 a.m. GER: Dec PPI
4:00 a.m. ITA: Nov Foreign Trade EU
4:30 a.m. UK: Dec Average Earnings (Ex-Bonuses) Expected: +3.5% Previous: +3.6%
4:30 a.m. UK: Dec Unemployment Change Expected: +81000 Previous: +75700
4:30 a.m. UK: Dec Unemployment Rate Expected: 3.5% Previous: 3.3%
4:30 a.m. UK: Dec BoE broad money provisional estimates
4:30 a.m. UK: Dec BoE capital issuance
4:30 a.m. UK: Dec CML mortgage lending figures
4:30 a.m. UK: Dec Public Sector Net Borrowing, GBP Expected: 10B Previous: +16B
4:30 a.m. UK: Dec Public Sector Net Cash Requirements, GBP Expected: 17.5B Previous: +10.3B
4:30 a.m. UK: Jan Agents' Summary of Business Conditions
8:30 a.m. CAN: Nov Wholesale Trade Previous: -1.8%
6:50 p.m. JPN: Dec Provisional Trade balance (value in yen) Expected: -321.2T Previous: -866.9T
US Market
Wednesday, January 21, 2009
7:00 a.m. MBA Mortgage Application Refinance Index For Jan 16: Previous: 7414.1.
7:45 a.m. ICSC Chain Store Sales Index For Jan 17: Previous: -2.3%.
8:55 a.m. Redbook Retail Sales Index For Jan 17: Previous: -2.3%.
1:00 p.m. Jan NAHB Housing Index: Previous: 9.
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