Tuesday, 2 July 2013

DOW pushes along with good manufacturing

Dear Friends,

ISM indeed proves to be a surprising rebound off the 50 mark, bouncing off a contraction region where last month it drops below 50. Good report pushes the DOW at one point to be up 150.

http://www.marketwatch.com/story/ism-manufacturing-gauge-rebounds-in-june-2013-07-01?link=MW_home_latest_news

But all eyes are now on the employment report this Friday. Expectations are raised. Let us see if DOW can really recover after June setback.

With the company results coming in next week, it would be interesting to see how market reacts to this non farm.

We would give our opinion as to whether this non farm has a higher tendency to be over or below estimates.

Stay tuned...

Rgds
Daniel
www.danielloh.com

STI is the Only Flower stuck in a pile of Cow Dung! - The only major index in Asia that is in the Green

Dear Friends, A few days ago, I issued a post on where I think is the accumulation area of STI - 3300-3350. Yesterday it dropped into thi...