Thursday, July 1, 2010

My Notes

The bad news: Chinese (and European) manufacturing indexes came in light.
from Fund My Mutual Fund


US manufacturing (ISM) will be released thursday morning as the last major data point before tomorrow's employment data. (expectation = 59) Keep in mind this has been the main bright spot in the U.S. economy - unfortunately it now accounts for roughly 13% of GDP and 9% of American employment as we've rushed to get rid of as much mfg capability as possible.

HFT - High Frequency Trading
(Wall Street Journal)


Jeff Engelberg, a trader at Southeastern Asset Management Inc., a Memphis, Tenn., value-investing firm with about $35 billion under management, said high-speed traders are jumping ahead of his firm's trades. "Short-term traders are able to get an instantaneous glimpse into the future" through direct feeds to exchange data, he said, turning the market into "something nearer to a casino."


Sometimes, I am writing more than one post. You may like to check the archives in the right column to ensure you do not miss out on any post.

Here are some charts for you:





 My Notes: No matter what the talking heads tell us, the futures is never certain. Wise investments give profitable returns, but do not give your money to people who have only one message: give me your money.

2 comments:

kk said...

RESPECTED SIR
I THINK WE ALL ARE SMART, MAY BE SMARTER THAN OTHER ANALYST , ECONOMISTS , MEDIA OR GOVERNMENT ITSELF. BUT WE CAN'T BE SMARTER THAN FIIS . I AM DAMN SURE, THESE FIIS HAVE THE POWER TO RUIN THE MARKETS OR TAKE IT TO A BUBBLE. THEY HAVE DONE IT 2 YEARS BACK , BOTH WAYS.

I AM NEITHER TOO MUCH OPTIMISTIC NOR PESSIMISTIC ABOUT THE MARKETS . BUT LOOKING AT THE RECENT FII DATA ONE HAS TO WAIT BEFORE SHORTING.

THERE HAD BEEN CRITICISM ON MY COMMENTS IN THE PAST , SO PLS ANYBODY WHO DON'T LIKE IT , CONSIDER ME AN IDIOT .
I LIKE IDIOTS AFTER 3 IDIOTS.

Mind Without Fear said...

@KK, the FII money flow is clearly providing liquidity and makes a case for longs over shorts ... However, the charts are oscillating between supports and resistance and only a break out or a breakdown will determine in hindsight (!) where FII liquidity is enough to take it to newer heights bubble and all that or whether market wants to rest for more time and at a lower level .....

I am an idiot myself .. the market has proved that many times .. so I no longer fear that tag !!!