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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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Tuesday, April 23, 2013

Weak Manufacturing Data in US & China

Data released last night showed a slowing in China's Manufacturing PMI, as shown below, while today's (Tuesday's) data also shows a slowing in the US PMI Manufacturing Index and Richmond Fed Manufacturing Index, as shown below.

Add these to the recent mix of weakening data, as I've written about here, here, and here, and you will see that the markets are ignoring (and bear no relationship to) economic fundamentals.

Data Sources: Nasdaq and ForexFactory




Note the radical difference in market reaction between the Asian indices and US indices, as of 10:15 am EST today (Tuesday). Precious metals (as well as Copper) are currently down.

World Market Index Source: http://www.indexq.org/