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The markets surged higher today and right into a major resistance area. As seen on the chart below, the SPDR S&P 500 ETF (NYSE:SPY) has gone directly into the 20 and 50 moving averages on the daily chart. This acts as a major resistance point in the short term and should keep the markets flat tomorrow if not with a small pull back. Friday the Unemployment and Non Farm Payrolls will be out at 8:30am ET. This should cause some wildness for the first few hours until the holiday kicks in and volume dries up. The dollar, PowerShares DB US Dollar Index Bullish (NYSE:UUP) is getting pounded today. The market seems to think more Federal Reserve easing is coming down the pipe. They are most likely right. The United States Oil Fund LP (ETF) (NYSE:USO) is surging today, erasing yesterdays decline as the China PMI numbers show China is expanding once again, though at a slower pace. The drop in the dollar also helps push oil higher. Gold, SPDR Gold Trust (ETF) (NYSE:GLD) is flat on the day. While the dollar dropping dramatically would indicate a commodity like gold should move higher, keep in mind gold is a fear trade. There is no fear in this market today. The dollar drop and...more
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Recently, one piece, a box of bamboo weaving products Mans carefully packaged, by Wuzhou Yongxing Arts & Crafts Co., Ltd., Wuzhou Ande Lu Crafts Co., Ltd., Wuzhou Hongbo Industrial Technology Co., Ltd. and Shenzhen's foreign trade import and export company, out of the rural , into the metropolitan areas into Malaysia, Vietnam, Thailand, Singapore and other ASEAN countries, as well as Japan, the United States and Europe markets. Early in November last year, there are more than 50,000 eyes only hexagonal bamboo baskets exported to Thailand, Malaysia, Japan and other places. This is Cenxi City nam Craft Factory was LEUNG Fu there tells profit. Cenxi City, Town, the South namtu Feng Craft factory owner also reported a good news: December 17, 2007, the plant will be more than 4450 sets of woven bamboo Mans products are sold to pay import and export companies in Shenzhen Association of Southeast Asian Nations and Japan, the United States. These sales to markets such as Southeast Asia and Europe and the United States Mountain woven bamboo products are from Wuzhou City, the largest production base of bamboo crafts Cenxi City Mountain namtu...more
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