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Sunday, September 30, 2012

As we enter October moving events on 1st week of the month

Last week many traders expected some window dressing at the close of the quarter! Did we see any?
It does feel like it to me!

Is it a sign that the market is losing momemtum?

The coming week we start with Monday’s US ISM Manufacturing Data, a market moving news!

With disappointing manufacturing report from China over the weekend and manufacturing sector at the leading edge of decline, taking a bet on good US ISM Manufacturing data may not be wise.

Friday job report will be another important data to be release. It is also expected to be sluggish.
All posts and charts are for educational and illustration purposes only

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