rates unchanged....expected...
"downside risk to growth is smaller and upside risk to inflation has grown" -->> a little more hawkish.... indexes reacted just slightly +ve as the announcement was made...
but as GR stated...a non event immediately...
time for eurocup...
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US - Market Direction 01 (May 08 - Jul 08)
Re: US - Market Direction
by kennynah » Thu Jun 26, 2008 2:17 am
Options Strategies & Discussions 
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Re: US - Market Direction
by kennynah » Thu Jun 26, 2008 3:39 am
market is very very soft....unable to hold onto gains without the bears stomping all over the place...
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Re: US - Market Direction
by winston » Thu Jun 26, 2008 8:09 am
US$273b pulled out of equity funds
Jeffrey Tam; Thursday, June 26, 2008
Money managers around the world have reduced their exposure to equity funds by US$273 billion (HK$2.13 trillion) over the past three months amid untamed global inflation and speculation on a worldwide recession, according to a survey conducted by Hongkong and Shanghai Banking Corporation.
"The story for mainland China is similar - in the very near term, sentiment is likely to be driven by concerns over the government's response to inflation, but the fundamentals for the mainland remain sound," said Bruno Lee, head of wealth management for personal financial services at HSBC.
The survey, which aims to help investors better understand the current investment environment, has been conducted with 12 fund houses, including Franklin Templeton Investments, Societe Generale and Allianz Global Investors Hong Kong.
Fewer money managers believe "cash is king" as they remain confident, long term, on the fundamentals of Asian equities.
"While, in the near term, inflation, slowing global growth and weak sentiment will impose pressure on equity markets, it is believed that the region will remain relatively strong on the back of robust domestic demand and continuing wage growth," said Lee.
Jeffrey Tam; Thursday, June 26, 2008
Money managers around the world have reduced their exposure to equity funds by US$273 billion (HK$2.13 trillion) over the past three months amid untamed global inflation and speculation on a worldwide recession, according to a survey conducted by Hongkong and Shanghai Banking Corporation.
"The story for mainland China is similar - in the very near term, sentiment is likely to be driven by concerns over the government's response to inflation, but the fundamentals for the mainland remain sound," said Bruno Lee, head of wealth management for personal financial services at HSBC.
The survey, which aims to help investors better understand the current investment environment, has been conducted with 12 fund houses, including Franklin Templeton Investments, Societe Generale and Allianz Global Investors Hong Kong.
Fewer money managers believe "cash is king" as they remain confident, long term, on the fundamentals of Asian equities.
"While, in the near term, inflation, slowing global growth and weak sentiment will impose pressure on equity markets, it is believed that the region will remain relatively strong on the back of robust domestic demand and continuing wage growth," said Lee.
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: US - Market Direction
by winston » Thu Jun 26, 2008 10:52 am
From DBS:-
We are also watchful on the Dow. The latest retreat off the 13136 level since late May means that the index has tested the support level around the regional at 11600 for the 3rd time this year.
The short-term resistance that looks to cap an immediate bounce is around 12050. The Dow needs to rise back above 12080 to gain its short-term strength.
If the Dow falls below 11550, more weakness can be expected.
We are also watchful on the Dow. The latest retreat off the 13136 level since late May means that the index has tested the support level around the regional at 11600 for the 3rd time this year.
The short-term resistance that looks to cap an immediate bounce is around 12050. The Dow needs to rise back above 12080 to gain its short-term strength.
If the Dow falls below 11550, more weakness can be expected.
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: US - Market Direction
by kennynah » Thu Jun 26, 2008 2:51 pm
25Jun08 - Post Market Review
Nazdaq Comp Volume was just a little lower.
The others sighted higher Volume
DOW gained 5 points
SP500 gained 8 points
Nazdaq gained 33 points
SP500 - 15 Mins Chart
Nazdaq Comp Volume was just a little lower.
The others sighted higher Volume
DOW gained 5 points
SP500 gained 8 points
Nazdaq gained 33 points
SP500 - 15 Mins Chart
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.(Trading Discipline : The Science of Constantly Acting on Knowledge Consistently - kennynah).Investment Strategies & Ideas..................................................................<A fool gives full vent to his anger, but a wise man keeps himself under control-Proverbs 29:11>.................................................................-
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Re: US - Market Direction
by kennynah » Thu Jun 26, 2008 7:05 pm
26Jun08 - PreMarket Review
SP500 - 15 Mins Chart
SP500 - 15 Mins Chart
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..................................................................<A fool gives full vent to his anger, but a wise man keeps himself under control-Proverbs 29:11>.................................................................
.(Trading Discipline : The Science of Constantly Acting on Knowledge Consistently - kennynah).Investment Strategies & Ideas..................................................................<A fool gives full vent to his anger, but a wise man keeps himself under control-Proverbs 29:11>.................................................................-
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Re: US - Market Direction
by kennynah » Thu Jun 26, 2008 7:43 pm
745pm 26jun08
index futures looking horrendous at this hour...
DOW -ve90
SPX -ve 10
Naz -ve 18
index futures looking horrendous at this hour...
DOW -ve90
SPX -ve 10
Naz -ve 18
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..................................................................<A fool gives full vent to his anger, but a wise man keeps himself under control-Proverbs 29:11>.................................................................
.(Trading Discipline : The Science of Constantly Acting on Knowledge Consistently - kennynah).Investment Strategies & Ideas..................................................................<A fool gives full vent to his anger, but a wise man keeps himself under control-Proverbs 29:11>.................................................................-
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Re: US - Market Direction
by Chiron » Thu Jun 26, 2008 8:13 pm
Will today be the day of capitulation?
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Re: US - Market Direction
by kennynah » Thu Jun 26, 2008 8:44 pm
water dripping torture more like it.... 
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..................................................................<A fool gives full vent to his anger, but a wise man keeps himself under control-Proverbs 29:11>.................................................................
.(Trading Discipline : The Science of Constantly Acting on Knowledge Consistently - kennynah).Investment Strategies & Ideas..................................................................<A fool gives full vent to his anger, but a wise man keeps himself under control-Proverbs 29:11>.................................................................-
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Re: US - Market Direction
by Chiron » Thu Jun 26, 2008 8:57 pm
Dripping H2O, testing the resolve of the investors
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