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The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...
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...If the dots don't connect, gather more dots until they do...


U.S. Government Shutdown Ends...Temporarily


* Wed. Jan. 31 @ 2:00 pm ET ~ FOMC Announcement
* Fri. Feb. 2 @ 8:30 am ET ~ Employment Data
* Mon. Feb. 19 ~ U.S. markets closed for Presidents Day Holiday
* Wed. Feb. 21 @ 2:00 pm ET ~ FOMC Meeting Minutes
* Wed. Mar. 7 @ 2:00 pm ET ~ Beige Book Report
* Tues. March 20 ~ 2-day FOMC Meeting Begins
* Wed. March 21 @ 2:00 pm ET ~ FOMC Announcement + FOMC Forecasts + @ 2:30 pm ET ~ Fed Chair Press Conference
*** Click here for link to Economic Calendars for all upcoming events

Friday, July 13, 2012

China's Downtrend Continues

Data released Thursday night shows a marked downtrend in place in China from 2010 on GDP, Fixed Asset Investment, Industrial Production, and from 2008 on Retail Sales, as shown on the graphs below. In fact, the numbers for Fixed Asset Investment and Retail Sales are lower than the lows in 2009.

My only conclusion from these is that China has been in, and is still in, a period of contraction...there are no signs that China will lead the world out of a slowdown in growth.

The Daily chart below of the Shanghai Index shows that price is trading in a long-term downtrend near three-year lows and is still trading under the bearish influences of a moving average "Death Cross" formation...a reflection of China's drop in output and consumption during that period.