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US ditched weak US jobs report as jaDEB said in favour of higher markets with Dow up +1.1%, S&P + 1.3%, Nas +1.7%. Don’t know ‘about you but something feels off here, this doesn't bode well for me thus only focusing on shorts afters spikes atm; especially considering trading volume in US wasn't up to usual averages (6.09 billion shares traded, January average 6.94 billion). Call me a cynic, but I think we're in for a down week.

Alsi  up Friday to 45 340 (+0.79%) & T40 40 777 @ +0.77%.

Not much happening on eco reporting today.

Duals: 700HK +1.81% BHP:AU +1.41%, US futures flat, IGM +148 pips

Nonfarm Payroll, exp 185K, actual 113K  Oeps!

Direction for today

14:00 GB Bank of England QE Total prev 375B, exp 375B
14:00 GB Interest Rate, prev 0.50%, exp 0.50%
14:45 EU Interest Rate, prev 0.25%, exp 0.25%
15:30 ECB Press conference
15:30 US Initial Jobless Claims prev 348K, exp 335K
15:30 US Trade Balance, prev -34.30B, exp -36.00B

Europe running nicely atm, FTSE +0.73%, DAX +1.21%, CAC +1.15% & SA40 flat.

US futures DOW +0.53%,  S&P +0.62%

US ended +0.47%, +0.86% & +0.77%, Asia ended: Nikkei +1.2% & Topixs +2.1%

Back home, 5th day of losses, -6% in last seven sessions, hitting oversold lines on technical charts (RSI).  -10% or in other words official correction, not that far off and to top it all we also ended below psychological 40 000 with All-Share 44 451 & Top40 39 945.

Adcock Ingram’s $1.2 billion deal with Chile's CFR Pharmaceuticals  a big no-no (-2.4% yesterday, -12% since Friday, i.e. –R 1B off market  value).

Other side of the coin, Vodacom +3.5% @ R119.95 ahead of ¾ results today.


Eco Calendar:

11:28  GB Services PMI
15:15  US Nonfarm


Dual listed:

BHP:AU -0.62%
BBL:US +1.01%
TC:HK +1.27%
NPSNY:US +2.28%
SNHFY:US +1.39%
TLKGY:US +0.66%
CFRUY:US +0.22%

VIX down -10.87% IGMT40 + 39 @ 8:17 +57 @ 8:25

blog, which blog? 

Edit: Got it - P plz start a new topic for your blog on forum, this way I won't miss all your words of wisdom and encouragement again.

tbh, I expected worse, Europe joins in 14 min

Phew, I can’t be kind today so I’ll try to be vague at least.

DOW -2.08%
S&P -2.28%
NAS -2.61%
ASX -1.76%
HangSeng – 2.29%
Nikkei -3.77%
Kospi -1.56%

Edit:  Topix closed -4.8%, Nikkei closed -4.2%

Duals:

SNHFY:US +1.39%
TLKGY:US -3.81%
TCENT:HK -3.50%
NPNY:US -2.62%
BHP:AU -2.58%
CRFUY:US -2.28%

IGM 40 Cash -470 points atm

I did.  Maybe a blessing in disguise jaDeb, mine is < 100K now.