aussiebear Posted May 20, 2010 Report Share Posted May 20, 2010 Early openers are scrabbling for direction: Aussies and Nikkers -0.6%, Kiwis +0.1% and Singers +0.4%. In the Aussie market, Gold is taking a pounding, -2.5% followed by Financials -1.1% and Energy -0.9%. On the upside IT is the leading sector, +1%. Link to comment Share on other sites More sharing options...
aussiebear Posted May 20, 2010 Author Report Share Posted May 20, 2010 http://finance.yahoo.com/intlindices?e=asia Link to comment Share on other sites More sharing options...
aussiebear Posted May 20, 2010 Author Report Share Posted May 20, 2010 http://money.cnn.com...s/morning_call/ http://www.kitco.com http://www.kitconet....ase_metals.html Link to comment Share on other sites More sharing options...
aussiebear Posted May 20, 2010 Author Report Share Posted May 20, 2010 Found in China. Link to comment Share on other sites More sharing options...
aussiebear Posted May 20, 2010 Author Report Share Posted May 20, 2010 Yet another level for the waterfall. All Ords closed -1.6% with Gold -2.9% clinging on to the downside lead followed by Financials -2.6% and Miners/Materials -1.5%. Greens were Health +1% and Telecomms +0.1%. Asia is slightly better off: China -1.2%, Honkers flat, India +1.1% and Nikkers -1.5%. On to UK/Europe: Link to comment Share on other sites More sharing options...
Lemur Posted May 20, 2010 Report Share Posted May 20, 2010 Long Audusd here looking for a pop back to 0.8500 resistance off the weekly 900sma. Scalped some eurusd long this morning. Link to comment Share on other sites More sharing options...
aussiebear Posted May 20, 2010 Author Report Share Posted May 20, 2010 Singapore Economy Expands at Faster-Than-Estimated 38.6% Annualized Pace Singapore’s government said the economy expanded faster than initially estimated last quarter and raised its forecast for export growth, judging that Asian demand will make up for any slowing of European sales. Gross domestic product grew an annualized 38.6 percent from the previous three months in the first quarter, compared with an April estimate of 32.1 percent, the trade ministry said in a statement today. That was more than the median estimate for a 33.4 percent increase in a Bloomberg News survey of eight economists. Singapore has raised its growth forecast twice this year and the central bank said last month it will allow the currency to strengthen as it joins Malaysia in withdrawing monetary stimulus. Link to comment Share on other sites More sharing options...
aussiebear Posted May 20, 2010 Author Report Share Posted May 20, 2010 Japan Economy Grows Less Than Estimated Japan’s economy grew less than forecast in the first quarter as an export-led recovery failed to stoke consumer spending, putting pressure on the central bank to do more to end deflation as it begins a two-day meeting. Gross domestic product rose an annualized 4.9 percent, less than the 5.5 percent median forecast in a Bloomberg survey of 21 economists, a Cabinet Office report showed in Tokyo. Export gains saw nominal GDP, which is unadjusted for price changes, increase 1.2 percent on a quarterly basis, the most in a decade. Link to comment Share on other sites More sharing options...
Charmin Posted May 20, 2010 Report Share Posted May 20, 2010 Now Platinum & Palladium smoked. Before it was Crude, Lumber and copper. Then the Russell. Before that is was the China/Goog connection. Thank You for the Roses. Link to comment Share on other sites More sharing options...
Charmin Posted May 20, 2010 Report Share Posted May 20, 2010 Daniel Frishberg: "Sellers of stocks are now more motivated than they have been since the bull market began in March of 2009. Owners of stocks are now willing to take profits at current level. Buyers who were eager to assume risk only a few weeks ago, are now holding back awaiting lower prices. We are about to be offered, over the next few month, cheap prices on steel, copper, raw materials, industrials, and all the building blocks of society." Link to comment Share on other sites More sharing options...
psyche doctor Posted May 20, 2010 Report Share Posted May 20, 2010 According to McClellan and Summation, which are nearing extreme Dover Sole conditions again, a bounce of some kind is getting close. Link to comment Share on other sites More sharing options...
TenaciousG Posted May 20, 2010 Report Share Posted May 20, 2010 ES jut fell off a cliff Link to comment Share on other sites More sharing options...
I_Am_Madness Posted May 20, 2010 Report Share Posted May 20, 2010 Dong ES at 1093.25... Link to comment Share on other sites More sharing options...
DrStool Posted May 20, 2010 Report Share Posted May 20, 2010 hey doc, helluva call/entry points on your ETF shorts in the professional edition job well done A rare event. I hope you didn't jinx it. (But thanks for the kind words ) Get daily updates on the 4 week, 6-7 week, 13 week, and 6 month cycle projections in the Wall Street Examiner Professional Edition Daily Market Update and support your community. Join NOW! Link to comment Share on other sites More sharing options...
Trader Joe Posted May 20, 2010 Report Share Posted May 20, 2010 Houston? We have a problem ! Link to comment Share on other sites More sharing options...
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