Mkt sentiment WW29

Finally the S&P500 break up 1100 level, Dow break 10400 level, just need few more good earnings and good economic data to push it up more. Finger cross.

Sector performance for past one week

By pbkian at 2010-07-25

Dow

DOW break up 50SMA ( red ), moving ahead having 100SMA ( pink ) as resistence.


By pbkian at 2010-07-25

Shipping activity is back

BRIEFING.COM - Wednesday 21 July, 2010 @ 14:42 ET
Color on strength in dry bulk index

Baltic Dry Index (BDI), which is a measure of global trade, has nowposted gains for its fourth day in a row after declining for 34 consecutive sessions, its longest losing streak in 15 years.

The BDI is an assessment in price of all the major raw materials transported by sea. Since the index measures end demand for commodities aboard bulk carriers, including cement, coal, iron ore, steel and grain, it is used as a barometer of economic demand.

Today, the Baltic Index rose 1.1% to 1,781 as the Panamax Subindex, which rose 2.3% to 2,207, continued to lead the way. The BDI is still 57.7% off of the recent high of 4,209 hit on May 26. The other three subindices were mixed today: Supramax +1.3% to 1,692, Handysize +1.3% to 957 and Capesize -0.3% to 1,752.

The sharp decline this summer came largely because China reduced its demand for iron ore imports, which are shipped on Capesize vessels. The Capesize Subindex led the BDI lower. However, recent commodities demand, including demand from China, has given the index a boost. Recent strength could also be attributed to China COSCO, the largest dry-bulk operator in the world, saying that it's expecting to return to profitability for the first half of the year (co will report 1H10 results on Aug. 26). Dry-bulk shipping stocks hit new 52-week lows earlier this month, but have outperformed the broader market since then.

on 23 july, Bloomberg


Neptune Orient Lines Ltd., owner of Asia’s largest container shipping line, signed a $1.2 billion order for as many as 12 container vessels as a rebounding global economy revives world trade. (Bloomberg)

Singapore Stock

Singapore’s Straits Times Index climbed 1 percent to 2,955.67. (Bloomberg)

Cosco Corp. Singapore Ltd. (COS SP),a China-based shipbuilder that also operates bulk carriers, surged 6.6 percent to S$1.61. The company said it won a $500 million contract build a deepwater drillship. (Bloomberg)

Mkt sentiment WW28

What a week, just on first day after Alcoa announce earning, market turn bullish, few days later it wipe out all the previous gain, now all 3 benchmark having death cross ( red cross down green line ), market a bit stressful now as it hardly break thru 200SMA and continue to gain from there, i hope Q3 earning season can give a catalyst to the market


By pbkian at 2010-07-18

looking at DIA ( DOW ETF ), the few Gap created get filled quickly, the GAP seems to tell us market shorterm direction, let's monitor it further.


By pbkian at 2010-07-18

/PS : This market really test our phsycology, seeing profit turn lose, patience and emotion are tested..

Mkt sentiment WW27

This short week market rebound hard and never look back, next week will be expiry week and expect another volatile week.
I believe s&P500 will try to climb back 1100 level, after that lets see wether market will further up, next week also start of earning season and couple of big tech name announce earning.

Mkt sentiment WW26

Very bearish now, every where is talking about Head and shoulder formed for s&P500, Dow and Nasdaq, and also deathly cross of 50SMA with 200SMA, either you are stay in cash or on short position will be a wise stratergy.