Thursday, 2 May 2013

DOW drop 100 points amid the poorer ISM and ADP employment results

Dear Friends,

As the poor economical seasonal effect kicking in, we may have pressure in the US market ahead. In April, the economical results are worse than expectations. It seems to likely continue with the ADP employment figure being poorer. Dow is now down 110 points at 1.47am.



With the company results slowly dwindling down, will Wallstreet begin to finally focus on the economical results and the employment figures? We shall see if this really is the case after Friday's Non farm payroll.

But having said that, this time round, the employment figures may not be as bad as April. Just that we don't expect it to be better either. It may still fall below expectations.

Rgds
Daniel
www.danielloh.com


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