Tuesday, 2 April 2013

ISM manufacturing a disappointment, but DOW is not dented!

Dear Friends,

It is always important to watch out for ISM data, especially since we are in a very bullish run. This data will tell on whether the companies are doing well. Yesterday, the data shows that ISM is so much less than expectations, 51.3 vs the forecast of 54.2, a magnificent 3 points off the target.



Normally, the stock market would crash on this results. But amazingly, the DOW is off by a small 15 points at 2.15am in the morning. It goes to show that the market is still in a bullish party mode.

But do take note of this off mark, because it might give an indication in the days to come that enterprise might slow down going into the summer period, a period whereby enterprises NORMALLY cut down on production. That is why the cliche "SELL in MAY and go AWAY" comes about. This is a seasonal effect of stock market. Because of worse than expectations from the earnings announcement and the enterprise data.

Do not take this ISM report for granted! It may signify a sluggishness in the market soon, though the INDEX is still in some distance away from a panic selling mode.

It will be wise to take note of this Friday's non farm payroll data and the coming earnings announcement of the US Stocks starting 8th April!

Rgds
Daniel
www.danielloh.com

Radio FM958访谈 2018年11月15日:世界股市展望 - 现在是熊市吗?

·         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。 ...