SSE shanghai heading for 200 days support ?

will china mkt sentiment lead us to test the nearest 50 days support of klse sgx hkex ? what is the plan ?

bird eyeview

Reports are due Friday on July personal income and spending from the Commerce Department and August consumer sentiment from the University of Michigan.Consumer sentiment, reported at 9:55 am New York time, follows on a better than expected consumer confidence report earlier this week. Personal income is released at 8:30 am. Stocks rose Thursday, with the Dow extending its winning streak to eight straight sessions in a thinly-traded advance fueled by bank shares and Boeing. Dell was higher in late trading Thursday, after its quarterly profits and sales beat expectations. Shares gained 6.5% in extended-hours trading.The stocks that dominated trading volume in an otherwise dull market are Citigroup ($5.05 up 0.42), Fannie May ($1.92 up 0.07), Freddie Mac ($2.24 up 0.21) and AIG ($47.84 up 10.15). The Dow finished up 37 points at 9,580 Thursday, and the S&P was up 2 at 1,030.

fkli chart also show well defend ...but still under power. see how after 4 pm

powerful sg

Home prices and consumer confidence are on the menu Tuesday.Tuesday's focus will be the S&P/Case-Shiller home price index, issued at 9 a.m. and consumer confidence, released at 10 a.m. Investors are also watching the Treasury's auction of $42 billion 2-year notes at 1 p.m.Stocks Monday started the day higher, but ended the session mixed and virtually unchanged. The Dow was up 3 at 9509, and the S&P 500 was down 0.56 at 1025.57. Traders Monday were watching unusual trading activity in several financial stocks, Fannie Mae, Freddie Mac and Citigroup. All three were up on heavy volume and accounted for about 21 percent of the total NYSE volume. Some traders attributed the moves to a momentum trade. Fannie was more than 40 percent higher, while Freddie was more than 18 percent higher. Tim Smalls of Execution LLC said the lack of players in the stock market will keep things quiet.

SSE 上证指数 chart shanghai, stay firm defend

fkli weak morning due to shanghai

TOKYO (Kyodo)--Tokyo stocks fell Tuesday morning as investors sold to lock in profits after a strong rally a day earlier, but selling was capped as markets awaited the results of an upcoming election in Japan.

sp500 regain some ground

Thursday's focus will be on the U.S. weekly jobless claims data at 8:30 a.m. Other data includes leading indicators and the Philadelphia Fed survey, both reported at 10 a.m. Fed officials and others should begin to gather Thursday ahead of the Kansas City Fed's annual symposium in Jackson Hole, Wyo. Fed Chairman Ben Bernanke speaks to that group Friday morning, but traders are watching for comments from other attendees to trickle out ahead of time.Stocks fought back Thursday against a soft opening, shaking off a slide in China's equity market, as investors responded favourably to a surprising drop in crude oil stockpiles that might suggest an improving demand outlook.The Dow was up 61 points or 0.7 percent to 9279, while the S&P 500 rose 6 points to 996. Higher oil prices are seen as a double-edged sword for stocks because they boost oil profit earnings and represent stronger growth, but they also can cut into consumption, depress an already weakened consumer and pressure corporate profit margins.

S&P500 rebound remain capped

fkli enter into correction mode ?

FKLI RSI divergence

mixed mkt with support

The U.S. market followed world equities markets lower MondayAsian markets reacted to Friday's weak U.S. consumer sentiment data, and the Chinese market, already down sharply last week, dipped 5.8 percent Monday.The Dow finished Monday off 186, or 2 percent at 9135. The combined 262 points lost since Friday gave the Dow its worst two-day performance since June 16. The S&P 500 erased 24, or 2.4 percent to 979. Stocks have now given up all of their August gains and are trading at levels last seen July 29. Traders point to 950 as a key area for the S&P, which could serve as a floor for the market, at least temporarily. They also say the volume is light because there is a real lack of players on Wall Street, due to summer vacations.For Tuesday, traders expect Wall Street to take its directional cue from overseas markets. There are producer prices inflation data and housing starts at 8:30 a.m. Several retailers report earnings, representing a diverse cross section of the retail landscape. Ahead of the bell, there's home improvement giant Home Depot, discounter Target. Computer maker Hewlett Packard reports after the bell.

heavy battle... for tech rebound

rebound no good

might rebound...

chart error
DJ MARKET TALK:China Shares May Rebound After Recent Sharp Falls (2009/08/18 09:11AM)

0111 GMT [Dow Jones] While a medium-term downtrend intact, China shares could rebound today after Shanghai Composite slides 17.3% in past 9 sessions, analysts say, including yesterday''s 5.8% fall to 2870.63. Qian Qimin at Shenyin Wanguo Securities says "experience tells us a technical rebound always follows such an unexpected sharp decline. Since the index has tumbled several days on end, investors shouldn''t be much perturbed and blindly sell their positions at present." But adds "we remain bearish about the market on a medium-term horizon and believe the correction will last several months." Support pegged at 2800. Other analysts tip brokerages such as Citic Securities (600030.SH), Haitong Securities (600837.SH) may be in focus as expected strong debut by Everbright Securities (601788.SH) will likely spur buying interest in sector. Shenzhen Index last ends down 6.6% at 955.87.(RWY)

slow.........ly

Today's markets will watch monthly retail sales for July and Walmart's quarterly earnings. Thursday also brings the weekly jobless claims report from the Labour Department and readings on July import and export prices and June business inventories.Retail sales, reported at 8:30 am New York time, will continue to show a consumer under pressure but could be slightly better than last month's number. Economists forecast that July sales will be up 0.7 percent after rising 0.6% in June.Discounter Walmart reports earnings before the opening bell and is expected to show flat results of 86 cents per share.Accounting rule maker FASB holds a board meeting Thursday that is getting a lot of attention for its potential impact on banks. FASB is expected to consider a proposal to have financial instruments carried on balance sheets at fair value. There is no immediate action expected on this proposal, but if it results in modification of the mark-to-market rule it could impact bank earnings.The Fed, in its post-FOMC statement Wednesday, said the economy is leveling out and said it would keep its Fed funds rate near zero, as expected. The Dow added 120 points, or 1.3 percent at 9361. The S&P 500 recovered 11 points, or 1.1 percent, to close at 1005.

s1 80 s2 70 r1 90 r2 00

support 76 resistance 85

TOKYO (NQN)--Toyota Motor Corp. (7203) shares were actively sold in early Wednesday trading, falling 50 yen at one point to 4,080 yen

1178/ 1184 reisistance turn support, 1200 next resistance

Stocks could give back more gains this week as traders keep a wary eye on the strengthening dollar."I think we get a small pull back here, but I don't think the rally is finished," said John Roque, managing director with WJB Capital Group.The Fed starts a two-day meeting Tuesday, and there are just a few economic reports, including productivity and costs at 8:30 a.m., and wholesale trade at 10 a.m. The NFIB's small business survey is reported at 7:30 a.m."The stock market benefited greatly from weakness in the dollar. It would seem natural that if it were to rally, it would put pressure on stocks," said Cashin. The dollar staged an interesting intraday reversal Friday after better than expected jobs data, sparking a debate about whether the dollar is now going to trade along with perceived relative strengthening in the U.S. economy instead of against the idea of recovery.Traders were also watching the Chinese stock market, down for a fourth day and another metric for the global economic recovery.

fkli support 1179 resistance 1184 1200 5min chart

TOKYO (NQN)--Key exporter issues, including Toyota Motor Corp. (7203) and Sony Corp. (6758), moderately fell Tuesday, after the Dow Jones Industrial Average lost ground overnight.

mkt turnning weaker testing 1180 support level

Wall Street's rally could persist next week as investors' conviction grows that the U.S. economy is on track for a recovery. But retailers' results, CPI and other consumer data could cast a pall if shoppers fail to show signs of life.The focus will also be on the Federal Reserve, which will release a statement on Wednesday afternoon at the end of its two-day interest rate-setting meeting. Retail sales are released Thursday, and there are just a few major earnings reports, including Wal-Mart and several other chain stores."I suspect the market is going to retrace a little bit next week. I would be surprised if it didn't," said Tim Smalls of Execution LLC. "People keep saying there's a lot of money on the sidelines, waiting to come into the stock market. I'm not so sure. I think you need to have some kind of pull back, and then more people come into the market."Economic reports in the coming week include the NFIB small business survey which is released Tuesday, as are productivity and costs and wholesale trade.Wednesday's data includes international trade and the federal budget.On Thursday, weekly jobless claims, import prices and business inventories will be reported in addition to retail sales.Consumer prices for July, industrial production and consumer sentiment are released Friday.

heavy,,,,....

Aug. 7 (Bloombhttp://www.bloomberg.com/apps/news?pid=20601087&sid=aY_sYglm7xEgerg) -- China Construction Bank Corp. will reduce new lending by about 70 percent in the second half after a surge in loans in the first six months increased credit risk, President Zhang Jianguo said in an interview

deep penetration...damaged structure