Stocks were ascending at midday following an increase in the Institute for Supply Management's services index and the Bank of Japan's announcement of a JPY 35 trillion monetary easing program along with an interest-rate cut to zero. The B of J's actions are to encourage growth and slow down the increasing yen, which was harming business sentiment.
The ISM's nonmanufacturing index increased to 53.2% in September from a 51.5% reading in August. This index was nearly a percentage point higher than the expected figure of 52.3%. Any number of more than 50 is a sign of expansion, and the services index has come in with a reading higher than 50 for the past nine months.
data is good, uptrend hold “WELL”. 1160 is under our feet.
afang is the best ! :)
2 comments:
哈哈，现在感觉1180近在咫尺.
不是让你清仓，但是该是re-balance的时间了
最好不要全仓了。搞点现金搞range trading吧
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