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The charts and comments in my Blog (posted in Eastern Time) represent my technical analysis and observations of a variety of markets...
*World Indices *U.S. Indices *Futures *U.S. Equities & Sectors *ETFs *Commodities *Forex
...an expanded version of the "Observations" section in my private Daily Trading Journal.

Thursday, August 23, 2012

China Slowdown Continues

Data released after hours on Wednesday shows that the slowdown in China continues, as shown on the graph below.


As I mentioned in my post of August 15th, China's Shanghai Index is struggling to stabilize at three-year lows. Without a sizeable pickup in demand for its products, any temporary stimulus measures that its Central Bank may employ may not have much effect. This is a major player in the global economic slowdown that is currently unfolding, and is one to watch over the coming weeks.