ON TODAYS SHOW

WRAP OF THE WEEK IN MARKETS WHO WON, WHO LOST AND WHO LOOKED STUPID A TECHNICAL OUTLOOK FOR THE S&P 500, THE USD DOLLAR, THE NIKKEI, YEN AND THE AUSSIE ASIAN PMIS WOO HOO A LAP AROUND MUMBAI A QUICK TOUR OF OTHER ASIAN DATA THIS WEEK MY RULES FOR NEW TRADERS 5 OF THEM KEY EVENTS IN THE WEEK AHEAD

THIS WEEK
STOCKS AND THE USD REVERSED ALMOST EXACTLY WHERE THEY SHOULD HAVE

WINNERS
USD, BOUNCED OFF 79 (80.73), AND MAY HAVE BROKEN DOWNTREND SINCE JULY GLOBAL ISM DATA THATS MANUFACTURING, STRONGER IN SO MANY PLACES PARTICULARLY ASIA US HOME OWNERS CASE SHILLER +12.8% YEAR ON YEAR, MOMENTUM GROWING CHICAGO PMI 65.9 V 55 EXPECTED THE FED THIS WEEKS STATEMENT WAS STRONG RBA GOVERNOR STEVENS THAT WAS SOME JAWBONE ON THE AUSSIE SOUTH KOREA EXPORTS UP 7.3% YOY

LOSERS
STERLING(1.5925), EURO (1.3482) AND AUSSIE (0.9434) SLAMMED! S&P 500(1760) NEW HIGH BUT REVERSAL? FLAT WEEK! US WORKERS ADP DATA WEAK, JUST 130,000 JOBS! US CONSUMERS CONFIDENCE DOWN AGAIN 71.2 FROM 79.7 THE RBA, AUSTRALIAN TREASURY, JOE HOCKEY AUSSIE STRONGER FOR LONGER ECB #WHATYAGONNADO ABOUT DISINFLATION AND HIGH UNEMPLOYMENT 12.2%!

STUPID, RANT ALERT

FX TRADERS OR AT LEAST THE IDIOTS WHO USE BENCHMARKS AT 4PM LONDON

TECHNICAL OUTLOOK

USD INDEX NICE BOUNCE

EURO - OUCH

1.3400/50 key level a break would turn the outlook very bearish

S&P 500 TIME FOR A REST (1775 HIGH)

Weekly topping, Daily topped

THE FED HAS INDUCED A BIT OF UNCERTAINTY

NIKKEI AND YEN

AUSSIE DOLLAR

SHANGHAI SHARES

ASIAN PMIS WERE GOOD

CHINA CHINAS HSBC PMI HIT A 7 MONTH HIGH AUSTRALIAS AIG PMI 53.2 PRODUCTION EXPANDS FIRST TIME IN 2 YEARS INDONESIA 50.9 TAIWAN 53.0 SOUTH KOREA 50.2 (EXPORTS UP 7.3% YOY V 2.3% EXPECTED) VIETNAM 51.5 QUESTION THOUGH WHOS BUYING????

INDIA INTERESTING PLACE

A QUICK TOUR AROUND ASIA

RBI HIKED RATES AGAIN TO 7.75%, SENSEX AT ALL-TIME HIGH OF 21,164. USDINR??? TAIWANESE GDP JUST 0.09% Q3, 1.58% YOY INDONESIAN CPI 8.32 AND MODERATING A LITTLE, TRADE DEFICIT 657M ANZ SAYS EQUITY INFLOWS DRIED UP THIS WEEK AND BONDS SAW OUTFLOWS FX RESERVES BEING BUILT UP AGAIN

MY RULES FOR NEW TRADERS

1. 2. 3. 4. 5.
USE REAL MONEY NO DEMO ACCOUNTS YOU NEED TO FEEL THE EMOTIONS KEEP A TRADING DIARY, REASONS FOR TRADES, SET-UP, STOPS, TPS IF THEY ARE YOUR STYLE.

3RD COULD BE 1ST BUT I DONT THINK SO FIT YOUR TRADING STYLE TO YOUR PERSONALITY
BE A HUMBLE STUDENT OF THE MARKET STUDENT AND HUMBLE!!! TRADING HAS TO BE FUN, CANT KEEP YOU AWAKE IF ITS NOT AND IT DOES, DONT DO IT

WEEK AHEAD
EUROPEAN PMI DATA NEXT WEEK A BIG RISK FOR THE EURO, SUPPORT FOR THE USD? CHINESE SERVICES PMI AUSTRALIAN TRADE, UNEMPLOYMENT GERMAN FACTORY ORDERS US GDP, PERSONAL CONSUMPTION CHINESE TRADE!! GERMAN TRADE!!! CLOSELY CORRELATED US NON-FARM PAYROLLS AND OF COURSE THE S&P IS THE BIG DRIVER ONCE AGAIN