Friday, 2 March 2012
ISM did not beat expectations, however Market is forgiving
Yesterday ISM did not beat expectations. The Institute for Supply Management said its manufacturing index declined to 52.4% last month from 54.1% in January. Economists polled by MarketWatch had expected a reading of 55% for February based on improving regional results and employment data.
However I also noticed that market is forgiving in not going down after the poor report. For this, I have to say that currently the market is resilient! Unless there is a change in the market confidence and sentiment, we can still remain bullish.
Take note however that, Market Risk is growing higher by the day. Even if u enter, u will need to control your position and exercise disciplined STOP LOSS. If u have position in the market, u may still hold on to your stocks unless market changes.
After yesterday ISM report, I would not expect DOW to increase by quite a lot this month. And a lot will depend on Next Friday employment data too.
Will carry on monitoring the market. Any changes would be posted...
· 美国 股市担心苹果业绩，巴菲特却大胆投资！ 道琼斯昨晚闭市在 25080 ，掉了 205 点。在这 10 月 11 月道琼斯的波动都相当大。有很多投资朋友开始怀疑熊市是不是已经来临了。我的答案是还没有。这个跌幅反而是好时机进场。大家不用太担心。 ...