International Index Trading

yep I think you hit it on the button Can - "time will tell" - we'll just have to wait & see what happens. and besides I'm not sure that considering the macro issues helps us short term traders much anyway (well my brain gets full-up too quickly fwiw!! )

can't imagine a 5% move being sustainable Prof - maybe we're getting into pop & drop territory

Edwood said:

yep I think you hit it on the button Can - "time will tell" - we'll just have to wait & see what happens. and besides I'm not sure that considering the macro issues helps us short term traders much anyway (well my brain gets full-up too quickly fwiw!! )

can't imagine a 5% move being sustainable Prof - maybe we're getting into pop & drop territory

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Dunno. Could go either way from here. Charts of H-shares(HHI) and Hang Seng(HSI) below- H-shares have managed to get to the Jan highs, and nudge through ever so slightly. Hang Seng failed to break the Jan highs last week, and has made another attempt today. I think today's afternoon session could set the tone for the rest of the week.

Re Chinese free reign to foreign investment. I would assume that they would need to purchase $US for this so we could see a jump in the $US, which has just started to tick up the last few weeks. Don't know if it's related?
Taking this a step further, could commodities come under pressure with a strengthening dollar? This would fit nicely into China's scheme of things.
Gold would take a hammering too?

Uncle Festivus said:

Re Chinese free reign to foreign investment. I would assume that they would need to purchase $US for this so we could see a jump in the $US, which has just started to tick up the last few weeks. Don't know if it's related?
Taking this a step further, could commodities come under pressure with a strengthening dollar? This would fit nicely into China's scheme of things.
Gold would take a hammering too?

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Why would they need to purchase USD for this?

well they already have a massive wad of US treasuries so maybe they could flog some of those? they've been alluding to diversifying away from the dollar for a little while so maybe this was what they meant, opening up their equity book

It seems punters are speculating that the HK market will be the first place the Chinese will park thier newly freed funds....this is the H Shares.

cheers for that CanAUK - looks like it'll be worth keeping an eye on that one

so am guessing based on your ID you might be a Canadian-Aussie-Brit? or is it Canadian-Aussie?

That was a very nice breakout on the H-shares today, but is really starting to struggle- has lost about 100 pts in the last hour. It's had some very impressive moves intraday recently.

Edwood said:

so am guessing based on your ID you might be a Canadian-Aussie-Brit? or is it Canadian-Aussie?

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Spent 1/3 of my life in Australia, born in Canada....hoping to settle in NZ though one day...recently passed up an opp...too soon. Want to settle close to that world class fly fishing of yours Edwood.

Cheers,

professor_frink said:

That was a very nice breakout on the H-shares today, but is really starting to struggle- has lost about 100 pts in the last hour. It's had some very impressive moves intraday recently.

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I see Korea is up to, but Japan is down....i wonder how much of this is speculation on the new investment law here...the Chinese like the Koreans.

Cheers,

CanOz said:

I see Korea is up to, but Japan is down....i wonder how much of this is speculation on the new investment law here...the Chinese like the Koreans.

Cheers,

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Dunno. Korea is barely ahead so I'm not sure if it means much.

I think trying to explain the markets in HK is beyond me. The H-shares have been down nearly 1%, up well over 1%, and have made a run back towards even for the day.

Here's an explanation for today's movement- these markets are friggin' nuts!

professor_frink said:

Dunno. Korea is barely ahead so I'm not sure if it means much.

I think trying to explain the markets in HK is beyond me. The H-shares have been down nearly 1%, up well over 1%, and have made a run back towards even for the day.

Here's an explanation for today's movement- these markets are friggin' nuts!

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aye they are that Prof! and I guess its a bit of a waste of time trying to figure out the which way it will go, just gotta watch for the signals on short-term eh!

NZ is nice CK - definitely lots of good fly-fishing & some stunning scenery. prob like parts of Canada I'd imagine, altho I haven't been there. its v. quiet tho - would be esp so for you after China!

professor_frink said:

Dunno. Korea is barely ahead so I'm not sure if it means much.

I think trying to explain the markets in HK is beyond me. The H-shares have been down nearly 1%, up well over 1%, and have made a run back towards even for the day.

Here's an explanation for today's movement- these markets are friggin' nuts!

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And the H-shares are now in the red again

Another 'technical analysis by dummies' post. The DJIA is again looking a bit tired & the roundover top is coming along nicely, with the mini double top in place. Combined with data again that may disappoint we maybe looking at another red night for the DOW. Asian markets, & XJO off a bit too, with momentum carry over.

ICSC-UBS Store Sales 7:45ET

CPI 8:30ET

Empire State Mfg Survey 8:30ET

Redbook 8:55ET

Treasury International Capital 9:00ET

4-Week Bill Auction 1:00ET

Housing Market Index 1:00ET

nice chart Uncle, looking like a good swing setting up.

Europe selling off pre-open - still short Dow, have tripled up on my Dax short, and opened one on Hang Seng too - could be in for some action tonight! (not that sort, the Missus is going out... )

Edwood said:

nice chart Uncle, looking like a good swing setting up.

Europe selling off pre-open - still short Dow, have tripled up on my Dax short, and opened one on Hang Seng too - could be in for some action tonight! (not that sort, the Missus is going out... )

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That's a fair pile of shorts Ed

could be in for some action tonight! (not that sort, the Missus is going out...

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ha ha ha classic Elwood!

professor_frink said:

That's a fair pile of shorts Ed

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More shorts than a Bondi surf shop this guy!

CanOz said:

More shorts than a Bondi surf shop this guy!

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He only goes long when the missus is home. Until then, the shorts are well and truly on hahaha.