A look at events of the week ahead and catalysts you should look out for to be one step ahead of the rest, here's the key to opportunities...
Tuesday January 15 - 8:30 Retail Sales: 0.1% cons
8:30 Retail Sales ex-auto: 0.1% cons
8:30 Retail Sales: 0.1% cons
8:30 PPI: 0.2% cons
8:30 Core PPI: 0.1% cons
8:30 NY Empire State Index: 11.5 cons
10:00 Business Inventories: 0.4% cons
Wednesday, January 16 - 8:30 CPI: 0.2% cons
8:30 Core CPI: 0.2% cons
9:00 Net Foreign Purchases
9:15 Capacity Utilization: 81.3% cons
2:00 Fed’s Beige Book
Thursday, January 17 - 8:30 Housing Starts: 1150 k cons
8:30 Building Permits: 1140 k cons
8:30 Initial Claims: 322 k prior
10:30 Crude Inventories: -6736 k
12:00 Philadelphia Fed:
Friday, January 18 - 10:00 Leading Indicators: -0.1% cons
10:00 Michigan Sentiment- Prel: 74.5 cons
S &P Index:
Broke below the all important 1404 support. Sinking lower..
Lower objectives : 1382, 1363 or even 1348(remote).
FTSE Index:
Slipping lower towards 6114.
DAX Index:
Drifting lower towards 7696, 7653.
HSI Index:
Breached below important 26952. Will face forceful sell down.
Setting course, due south towards 26293, 26091, 25685/632 (key objective area).
KOSP Index:
May have already found stability at 1777.
NIKKEI:
Dipping lower. No respite in sight... En route towards 13900.
SHANGHAI:
Big bull in Shanghai! Advancing towards 5609/43.
STI :
Trying hard to stabilise above 3322/17, but will eventually succumbed to gravitational-pull!
Below that, hello 3211!
Looks like it'll be a satisfying week, shorting... anything that bounce!
Saturday, January 12, 2008
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