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Almost reach 16000 and immediately return

As I stated yesterday, the market turn side near 16000. Upcoming the market will be swinging in short range. Hard to trade in short range.


However, I believe there aren't big retracement in this month. The big adjustment will be happened around the time US release the stress test result of the Financial institute next month. Then we better wait for next buying time. However need more time to prove my thinking

Good luck

16 April 2009
US Market
The Dow index open 7915 and close at 8029 and high is 8037 at 03:57 pm +109.44 (+1.38%)
Sector performance (% change on day): Financials (+5.56%), Tech (-0.65%), Health Care (+0.60%), Consumer Staples (+1.63%), Consumer Discretionary (+0.56%), Industrials (+1.59%), Energy (+0.28%), Telecom (+1.14%), Materials (+2.04%), and Utilities (+1.50%).

Dow +109.44 at 8029.62, Nasdaq +1.08 at 1626.80, S&P +10.56 at 852.06

AAPL 117.64 ,AIG 1.60 GE 11.83, SBUX 11.66, INTC 15.62,BAC 10.44,CSCO 17.56,C 3.97 NXY 19.42,SU 25.18

The EUR trade at 1.3158 at 5:23 pm.
The GBP trade at 1.4916 at 5:23 pm
The CAD trade at 1.2066 at 5:23 pm
The JPY 98.70 at 5.23 pm
The Gold price is 892.6 at 5:23 pm
The Crude Oil is 49.84 at 5.23pm

The Dow future is at trading from +50 in the early morning to afternoon –53 and then -21 at 5:24 pm.

Japan Market

The Nikkei index open at 8848 and close at 8755, high is 9030 +12.3(+0.14%)
Fast Retailing 10,460 +120(+1.16%)
UFJ 505 -16 (-3.07%)
Toyota 3710 -90(-2.36 %)
Sumitomo Mitsui Financial 2930 -55 (-1.84%)

HK Market
The HS Index open at 15928 and close at 15582 –86.63(-0.55%), April Future is 15533 the turnover volume is 746M Previous 662M
The 005 open at 56.35 and close at 55.25 with volume 41M previous 42M
The 3988 open at 2.98 and close at 2.86 with turnover 638M and previous 679M
The 1398 open at 4.54 and close at 4.43 with turnover 442M and previous 348M


HSBA.L trading high in London +9, 1.89% at 485.5 P @5:31PM HK Time
Hang Seng Index 15582.99 -86.63 -0.55%
HSI - Finance 22886.34 -152.18 -0.66%
HSI - Utilities 35047.39 -615.57 -1.73%
HSI - Properties 20171.83 +21.02 +0.10%
HSI - Commerce & Industry 8527.86 -34.63 -0.40%
Hang Seng China Enterprises Index 9141.23 -164.23 -1.76%
Hang Seng China H-Financials Index 12032.79 -268.34 -2.18%
Hang Seng Composite Index 2159.23 -10.94 -0.50%
Last update: 16-04-2009 16:01
Hang Seng China 50 Index 5078.53 -33.24 -0.65%
Hang Seng China AH Premium Index 137.04 +2.39 +1.77%
China market

The Shanghai Index open at 2542 and close at 2534 with volume 1753M and previous 1743 M
BOC close at RMB3.56
ICBC close at RMB4.11

China release economic data stated that China's economy expands 6.1% in first quarter from a year earlier, after expanding 6.8% in the fourth quarter. Match expectation

Release Reports

International
Thursday, April 16, 2009
12:30 a.m. JPN: Feb Indus Production, revised (on month) Previous: -10.2%
12:30 a.m. JPN: Feb Retail Sales, revised
4:00 a.m. ITA: Mar CPI
5:00 a.m. EU: Feb Indus Production
5:00 a.m. EU: Mar Harmonized CPI
8:30 a.m. CAN: Feb Mfg Survey Shipments Expected: +4% Previous: -5.4%
7:50 p.m. JPN: Feb Tertiary Industry Activity (on month) Previous: +0.4%

US Market
Thursday, April 16, 2009
8:30 a.m. Initial Jobless Claims For Apr 11 Week: Expected: +6K. Previous: -20K.
8:30 a.m. Mar Housing Starts: Expected: -7.4%. Previous: +22.2%.
10:00 a.m. Apr Philadelphia Fed Business Index: Expected: -32.3. Previous: -35.
10:00 a.m. DJ-BTMU Business Barometer For Apr 4: Previous: -0.4%.

Earning report : 17/4 GE, 22/4 APPLE, 29/4 Starbuck,
28/4 NXY

Comments

SK said…
I now want to buy some more stock, but the price went up so fast and high that I have to hold on the action. Do you think the Index would drop back to around 12500 next month?
April 17, 2009 at 7:40 AM
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