Important Economics Data this week (2010-10-31)

A rate decision week, together with the QE2.0 announcement by Fed. Watch out guys.

1-Nov (Mon)
China PMI Manufacturing (OCT) {Forecast: Unchange}
US ISM Manufacturing (OCT) {Forecast: Drop by 0.4}
Bank of Japan Minutes

2-Nov (Tue)
Reserve Bank of Australia Rate Decision {Forecast: Unchange}

3-Nov (Wed)
US FOMC Rate Decision {Forecast: Unchange}
New Zealand Employment Change (QoQ; 3Q) {Forecast: Increase to 0.5% from -0.3%}

4-Nov (Thur)
Bank of England Rate Decision {Forecast: Unchange}
European Central Bank Rate Decision {Forecast: Unchange}

5-Nov (Fri)
Canada Unemployment Rate (OCT) {Forecast: Unchange}
Canada Net Change in Employment (OCT) {Forecast: Increase to 10K from -6.6K}
US Change in Non-farm Payrolls (OCT)
US Unemployment rate (OCT) {Forecast: Unchange}

JPHK Update (2010-10-29)

I'm optimistic to US GDP, but still have to be aware of the QE2 announced next week.

Long

Buy 4000 shares of 3335.HK @ 1.45
Buy 5000 shares of 3813.HK @ 1.23

One more to add into watch-list (2010-10-28 Alltronics Holdings Ltd analysis)

Well there is another stock which worths putting under your watch-list: Alltronics Holdings Ltd. (0833.HK). The principal activities of the Group are the manufacturing and trading of electronic products, plastic moulds, plastic and other components for electronic products and the manufacturing and trading of biodiesel products.

Net income in the first half of 2010 increased by 58.4% to HK$6.58million, with dividend of $0.015 per share. The turnover of the Group for the year ended 31 December 2009 had decreased by 9.6% to HK$449 million, as compared to HK$497 million for the year 2008.

I would expect a more increased revenue in the second half of 2010 as there were more demands on electronic products for like expansions of companies and factories, international events and so on.

Technically...



It just broke the previous high 2 days ago, but unfortunately fell back underneath yesterday. However, we should still keep an eye on it, and if there is any breakout, the potential profits would be huge. As we can see, there is no any technical resistant until 2.45. So it could surge from 1.14 to 2.45 which is more than a double! If there is really breakout, the rise would not take long too. So let's wait for any signal.

JPHK Update (2010-10-28)

China market (2010-10-28 SSEC analysis)

The sudden slump in HSI was really unpredictable. We might say that it might be due to QE2 by US, but it doesn't need a reason for big jumps or falls anyway. Nevertheless, it was China market which led the HSI upwards, and yesterday it was again China market which pulled HSI down. So I did analysis on the chart of Shanghai Stock Exchange Composite Index (SSEC).



Above is the daily chart of SSEC, we could clearly found the rapid and crazy surge in Early October with an increased trading volume. In these few days, the index was moving in a narrow uptrend channel. Although it plunged greatly yesterday, the index managed to close above the 10-day SMA and within the channel. The condition does not look too bad, at least until this moment.

If SSEC could go back upwards, the resistance level is at around 3100, and then 3200 which is the peak level in April 2010.

If SSEC breaks down, then it would be a nightmare as there is no support level until 2700. So keep track of SSEC rather than focusing on the Hong Kong market.

JPHK Update (2010-10-27)

Well, HSI broke the uptrend channel. But I would wait 2 days more for any confirmation. Hopefully it was only a false breakdown.