But if you have shares on hand, better gain part of it first and wait for next move
The bonds price keep on running low. However remember to aware the agricultural Commodity.
The dry season and freezing weather will impact the future crop. I watch for two days since I have this sense. So beware the DBA ETF. It had climbed for 1USD in two days.
The Gold will retreat when the stock market is in good shape. Watch it to store up around 880
For oil, I still prefer to stock up in 1 st quarter once it is below 40.
The future Gold price is on up trend. Besides, the big amount of bonds issuing this weeks will somehow impact the dollars value. For sure, the USD will be in downtrend in lower half year
For market update read the following
9 Feb 2009
US Market
The US Market open at 8056 and closed at 8280 +217.52 (+2.709%) The Market high is 8312
Sector performance (% change on day): Financials (+8.13%), Tech (+3.42%), Health Care (+0.92%), Consumer Staples (+1.66%), Consumer Discretionary (+3.05%), Industrials (+2.19%), Energy (+1.49%), Telecom (+2.80%), Materials (+2.77%), Utilities (+0.98%).
C Closed at 3.91 previous closed 3.53
BAC closed 6.13 previous closed 4.84
GE closed 11.10 previous closed 10.85
AAPL closed 99.72 previous closed 96.46
EUR remain under pressure after Fitch Downgrade Russia ‘s sovereign credit ratings to BBB. And EUR became vulnerable to credit woes in Eastern Europe and further rate cut expectations in March 2009
The EUR cannot get over its high at 1.29936. After testing two times on 1.2936. At 9/2/ pm EUR test it low in 1.2875
The GBP rebound at its high at 1.4868 and start to retreat at 1.4710 – 1.4750
The Australia retreat from it high 7/2 0.6796 to 0.6629 and moving up at 4:38pm to 0.6763
The JPY is moving down in Asia time but climbing back to 91.5 after EUR market opened.
The Crude Oil is 39.67 –0.5 and Gold is 900.00
Japan Market
The Nikkei market opened high at 8178 and closed low at 7969 –107.59 (-1.33%) Day high is 8257
Fast retailing closed at 11150 -150(-1.32%)
UFJ closed at 479 -1 (0.20%) previous closed 478
Toyota closed 3190 high +100 (3.23%) previous closed 3090
Canon closed high at 2565 +5 (+0.19%) 2560
HK Market
The HS Index open at 13865 and closed at 13769 +114 (+0.84%) the turnover volume is 485M previous 454M .
The 005 closed at 62.50 previous 62.1 +0.4 (+0.644%) turnover 22.51M previous is 25.11M , less than previous day
The 3988 closed at 2.16 + -0.020 (0.917%) turnover 831 M previous is 697M
According to technical RSI and the turnover volume and the limited increase. 3988 reached its short term high and moving down, suggest to sell
The 1398 closed at 3.64+0.010 (-0.274%) turnover 363M previous day is 423 M
Need to aware whether it reach its short term high.
China market
The Shanghai Market opened at 2224 and closed high at 2238 with high volume 1504 M previous day 1206M
The BOC RMB3.28 previous day RMB3.28
The ICBC RMB3.93 previous day RMB3.87 +1.84%
This week the focus still concerns on the stimulus plan release. It will impact both the JPY direction and security direction
Release Reports
International –US Time
Monday, February 9, 2009
12:00 a.m. JPN: Jan Econ Watchers Survey
1:00 a.m. JPN: Jan Machine Tool Orders, prelim On Year Previous: -71.8%
2:00 a.m. GER: Dec Foreign Trade
6:00 a.m. FRA: Dec OECD Standardized Unemployment Rates
8:15 a.m. CAN: Jan Housing Starts Previous: 117300
8:15 a.m. CAN: Jan Housing Starts (Change Pct) Previous: -0.4%
7:01 p.m. UK: Jan BRC-KPMG Retail Sales Monitor Same Store Sales, YoY Previous: -3.3%
7:01 p.m. UK: Jan RICS UK Housing Market Survey, House Prices Expected: -71 Previous: -73.5
US – US Time
Monday, February 9, 2009No major economic indicators.
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