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This was the Speech of HK’s CE on the policies to rescue/stimulate the economy. Nothing about QEs except relaxing some rules on housing purchases. Dun think a QE POLICY is forthcoming. Not quite sure y HSI is moving flat for the past few days. But it is good to watch out for any sudden move though unexpected
https://www.chinadailyhk.com/hk/article/596034
Trading Economics: In China, employed persons refer to who performed some work for one hour during the reference period.
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(29-10-2024, 06:27 PM)sgbuffett Wrote: I have no shortage positions jn the HSI.
.HSI was very weak losing its gains throughout the day.
Anyway whatever stimulus announcements will result in shortlived rallies...
Where us HK getting such money beside draining it's reserves....how is it going to continue.
It’s China fiscal stimulus la
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I ran through the reuters report discussing the 10 trillion.
Objectively speaking as a trader I think things are not good.
Given the size of the stimulus that is supposed to excite the market and "propel" this bull run, the futures market move is very small. In fact kn days when there is no major news market can move more than this
It tells us the market is not excited about it and perhaps already front run this news.
You should never buy into this type of market there is alot of warning signs flashing. In fact traders who are long will take advantage of the announcement and take profits befoee market sinks back.
I am not bullish or bearish just looking at the market response it tells me something is amiss.
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
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(This post was last modified: 29-10-2024, 09:19 PM by
sgbuffett.)
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After a temporary pop when the news came out, traders are selling the market down hill
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
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Expect market to go.down at the open because state funds already front run the news and they will sell yl take easy profits.
Look for market action and act accordingly rest of the day.
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
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(This post was last modified: 30-10-2024, 09:25 AM by
sgbuffett.)
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