Japan Golden Week

If case you are not aware..........Nikkei will be closed tomorrow (29th April) and on 3th-5th May. Trading will be resumed on 6th May onwards.

Nikkei still looks weak after the recent 450 points plunged within a day. Unless it can recover to 11300 level and close the gap, I think any rallies is to sell especially Dow is also moving directionless at 10100 - 10200 level, one day up, next day down.

Somehow I have this hunch that Dow is going to crash, it will break the 10000 psychology level!!! I would hate to see this happens as my US-linked unit trust is still under water! And there would be more retrenchment coming and everyone got to tighten its belt again......sigh.....i think am getting a bit paranoid....

Japan Machine Orders

It has been quite sometime that I had 'ignored' this blog for a while. Got to be more hardworking in writing my blog ;)

Japan Machine Orders will be released on 8th April at 1.00pm and this is a crucial data that will 'make' or 'break' Nikkei. It is expected to be increased by 2.7% (month to month).
Since Nikkei is heading nowhere now, this piece of information will definitely move the market.

Last month, Machine Orders was expected to be in positive range but the actual result came out to be -2.2%, Nikkei collasped 100 points based on this information.

And I have learnt from my mistake. Never place any orders in the queue or having any positions before the release of any important data. So, on 8th April by 12 noon, I will just watch the market and await for yummmy trades.