Wednesday, March 19, 2008

Mar-19 Market Re-cap

To briefly re-cap the market, several remarks:

1. Taiwan and Tibet issues still drag down Greater China markets, late next week may be better.
2. A-share rebounded a bit, but won't have decent rebound before Taiwan election.
3. No war anyway, to my opinion. So I think positions like Taiwan stocks, A-shares, Hong Kong ADRs could be target for today and tomorrow. Consider the risk of war, a small initial position is recommended.

When people find there is no action for Monday Asian market, big money will relief and come back to stock market gradually.

US stocks is likely to test 12250 area today or tomorrow. Good long candidates are MSFT, ORCL and ADBE for your IRA, and other active Tech  and Commodities for swing. By the way, SIMG can be added to your watch list. Financials can be shorted after they lead this market even higher, but not now.

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