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My view of market after this long climbing

Since 2nd quarter report needs to be release around end of June. I believe, the market will keep further up because of beautifly the book. Besides, the USD continue to be weak after the selling more bonds to the market.

The commodity will be keeping high for a longer term because of weak dollar. Thus my view is to buy more oil ETF, Agricultural ETF. Besides even the economic will getting worse later. The oil cannot be going back to $40 like March.

On the other hand, because AAPL will have new announcement on 8 June and there is weight higher by investor report. I believe there is room for a short trade

Balance the risk, I will also buy some short S&P & Dow ETF if price is really good.


29 May 2009
US Market
The Dow open at 8301 and close at 8404 and low is 8271 at 1:00pm +103 (+1.25%)
Sector performance (% change on day): Financials (+3.57%), Tech (+1.31%), Health Care (+0.54%), Consumer Staples (+1.08%), Consumer Discretionary (-0.18%), Industrials (+0.70%), Energy (+3.00%), Telecom (+1.83%), Materials (+1.48%), and Utilities (+1.99%).
Dow +103.78 at 8403.80, Nasdaq +20.71 at 1751.79, S&P +13.77 at 906.83
The EUR trade at 1.4045 at 5.28 pm.
The GBP trade at 1.6093 at 5:28 pm 1.6122 at 5:47 pm
The CAD trade at 1.1028 at 5:28 pm
The NZD trade at 0.6320 at 5:28 pm
The AUD trade at 0.7941 at 5:28 pm
The JPY 95.94 at 5.28 pm
The Gold price is 972 at 5:24 pm
The Crude Oil is 65.88 at 5.24 pm

Japan Market

The Nikkei index open at 9478 and close at high at 9522 high +71(0.75%)
Fast Retailing 11,290 +320(+2.91%)
UFJ 598 -27(-4.32%)
Toyota 3810 +10 (+0.26%)
Sumitomo Mitsui Financial 3670 -50(-1.34%)

HK Market
The HS Index open at 18,027 and close at 18171 285(+1.6%), Future is 18150, the turnover volume is 921 M and previous is 930M

The 005 open at 67.8 and close at 68.5 with volume 34.4M and previous close at 68.79 with turnover 59M
The 3988 open at 3.26 and close at 3.48 with volume 1464M and previous close at 3.23 with volume 1416M
The 1398 open at 4.85 and close at 4.88 with volume 490M and previous close at 4.81 with volume 622M

Hang Seng Index 18171.00 +285.73 +1.60%
HSI - Finance 26775.06 +427.59 +1.62%
HSI - Utilities 35937.94 +39.69 +0.11%
HSI - Properties 25051.36 +197.78 +0.80%
HSI - Commerce & Industry 9895.77 +191.96 +1.98%
Hang Seng China Enterprises Index 10428.19 +225.94 +2.21%
Hang Seng China H-Financials Index 13551.96 +375.96 +2.85%
Hang Seng Composite Index 2528.16 +46.95 +1.89%
Last update: 29-05-2009 16:01
Hang Seng China 50 Index 5496.40 +75.03 +1.38%
Hang Seng China AH Premium Index 121.39 -3.13 -2.51%

China market

China is holiday on Friday

Release Reports
International
Friday, May 29, 2009
12:00 a.m. JPN: Apr Auto Production (on year) Previous: -50%
12:00 a.m. JPN: Apr Auto Exports (on year) Previous: -64.3%
12:30 a.m. JPN: Apr Petroleum Statistics, prelim On Year Previous: -7.9%
1:00 a.m. JPN: Apr Housing Starts On Year Previous: -20.7%
1:00 a.m. JPN: Apr Construction Orders On Year Previous: -37.8%
2:00 a.m. GER: Apr Retail Sales Monthly Expected: -0.1% Previous: -0.4%
2:45 a.m. FRA: Apr PPI
4:00 a.m. ITA: Apr Producer Prices Monthly Expected: -0.1% Previous: -0.6%
4:00 a.m. ITA: Apr Producer Prices Yearly Expected: -4.1% Previous: -3.9%
5:00 a.m. EU: May CPI (Flash Est) Expected: +0.2% Previous: +0.6%
5:00 a.m. ITA: May CPI Monthly Preliminary Expected: +0.3% Previous: +0.2%
5:00 a.m. ITA: May CPI Yearly Preliminary Expected: +0.9% Previous: +1.2%
8:30 a.m. CAN: 1Q Balance Of Payments - C$ Current Account Balance Previous: -7.49B
US Market
Friday, May 29, 2009
8:30 a.m. 1Q Preliminary GDP: Expected: -5.5%. Previous: -6.1%.
8:30 a.m. 1Q Corporate Profits: Previous: -28.4%.
9:45 a.m. May Chicago PMI: Expected: 42. Previous: 40.1.
10:00 a.m. End-May Reuters/U Mich Sentiment Index: Previous: 65.1.

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