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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

N.B.
* The content in my articles is time-sensitive. Each one shows the date and time (New York ET) that I publish them. By the time you read them, market conditions may be quite different than that which is described in my posts, and upon which my analyses are based at that time.
* My posts are also re-published by several other websites and I have no control as to when their editors do so, or for the accuracy in their editing and reproduction of my content.
* From time to time, I will add updated market information and charts to some of my articles, so it's worth checking back here occasionally for the latest analyses.

DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...

Dots

...If the dots don't connect, gather more dots until they do...

TGIF

TGIF

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IMPORTANT BLOG POST UPDATES...

Sunday, April 22, 2012

Good Fortune Coming to China?


Data released on April 22nd shows an increase in China's HSBC Flash Manufacturing PMI, as shown on the graph below...as it's still below 50.0, the industry is still in contraction. The Final release is scheduled for April 30th.

The following is an excerpt from the HSBC PMI press release:
"Commenting on the Flash China Manufacturing PMI survey, Hongbin Qu, Chief Economist, China & Co-Head of Asian Economic Research at HSBC said:
'As April flash PMI ticked higher, this suggests that the earlier easing measures have started to work and hence should ease concerns of a sharp growth slowdown. That said, the pace of both output and demand growth remains at a low level in an historical context and the job market is under pressure. This calls for additional easing measures in the coming months. We expect monetary and fiscal easing to speed up in 2Q.'"

As I'm writing this post Sunday evening, China's Shanghai and Hang Seng Indices are down...will see where they close on Monday...perhaps this small uptick will signal good fortune coming to China.