ShareJunction - Member Posts

x 0

Below is my chart analysis for sharing and exchange pointers.

My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.

If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start

making unconstructive comments and plse do not be so childish or lunatic as to abuse the

rating system by intentionally rating it as "bad post", this is not cursing but Buddhism beliefs

tat intentional bad deeds will accumulate for yourself and possibly your next generation,

"bad" karma for your "bad" deeds. If u think it is a bad post, then be constructive and kindly

post your TA for sharing. This is only my view n I may be right or wrong, so dyodd and SOBAYOR.

x 1

x 0

Below is my chart analysis for sharing and exchange pointers.

My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.

If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start

making unconstructive comments and plse do not be so childish or lunatic as to abuse the

rating system by intentionally rating it as "bad post", this is not cursing but Buddhism beliefs

tat intentional bad deeds will accumulate for yourself and possibly your next generation,

"bad" karma for your "bad" deeds. If u think it is a bad post, then be constructive and kindly

post your TA for sharing. This is only my view n I may be right or wrong, so dyodd and SOBAYOR.

x 2

x 0

Below is my chart analysis for sharing and exchange pointers.

My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.

If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start

making unconstructive comments and plse do not be so childish or lunatic as to abuse the

rating system by intentionally rating it as "bad post", this is not cursing but Buddhism beliefs

tat intentional bad deeds will accumulate for yourself and possibly your next generation,

"bad" karma for your "bad" deeds. If u think it is a bad post, then be constructive and kindly

post your TA for sharing. This is only my view n I may be right or wrong, so dyodd and SOBAYOR.

x 1

Good news for stocks in the mining industry like Ausgroup:

China’s Metal Demand Returns in ‘Big Way,’ CLSA Says (Update3)

Share | Email | Print | A A A

By Bloomberg News

Sept. 16 (Bloomberg) -- Commodity demand in China, the largest metals user, “is back on track in a very big way,” and copper and coking coal have the best prospects for price gains as the world economy accelerates, according to CLSA Research Ltd.

“Commodities that give investors the most upside potential when the rest of the world demand recovers” are those with supply constraints, Andrew Driscoll, head of resources research at CLSA, said in Shanghai. “In the next twelve months, having exposure to copper is going to be a good investment.”

China’s $586 billion stimulus plan and a record $1.1 trillion of lending in the first half of this year have countered a 10-month slump in the nation’s exports, helping Asia to lead a global rebound from the worst slump since the 1930s. Copper futures have more than doubled this year.

“We’ve gone through a period in the first half when China’s demand growth has recovered but the rest of the world demand has not,” Driscoll said late yesterday at a media briefing. “China’s commodity demand is back on track in a very big way, and we expect this to continue for the second half.”

U.S. Federal Reserve Chairman Ben S. Bernanke said yesterday that the recession in the world’s largest economy has probably ended. Sales at U.S. retailers surged in August by the most in three years, signaling unexpected strength in consumer demand, according to data yesterday.

‘Strong Momentum’

Jiangxi Copper Co., China Coal Energy Co., Fushan International Energy Group and Hidili Industry International Development Ltd. were among CLSA’s preferred equities, Driscoll said. “You’ll see strong momentum behind commodity markets and behind mining equities,” he said.

Jiangxi Copper, China’s biggest producer of the metal, has more than tripled in Hong Kong trade this year. The stock, which Driscoll has rated as an “outperform” since May, gained 3.4 percent today to close at HK$18.80.

There aren’t many copper mines “that can be brought back into production and there isn’t a lot of existing coking coal supply that can be ramped up,” Driscoll said. “Because of current demand, those industries are already operating at very high utilization rates.”

Copper futures on the London Metal Exchange traded today at $6,299 a metric ton compared with $3,070 at the end of 2008, and the metal used for pipes is the top pick at Goldman Sachs Group Inc. Coking coal has risen 7.5 percent to 1,720 yuan ($252) a ton in Shanghai since March, according to Bloomberg data.

IMF Forecasts

China will expand 8.5 percent in 2010, after growth of 7.5 percent this year, helping pull the world out of recession, according to forecasts from the International Monetary Fund. In August, China’s industrial production rose more than forecast, lending unexpectedly climbed and retail sales advanced.

The country’s economic upswing is “well advanced” and will help to drive demand for commodities including coal, BHP Billiton Ltd., the world’s largest mining company, said today in a presentation on its Web site.

The Asian nation’s refined-copper imports rose 168 percent to a record 2.1 million tons in the first seven months of the year, according to customs data. While shipments of the metal may drop in the second half compared with the first, they will remain at a healthy level, Driscoll said.

--Li Xiaowei. Editors: Jake Lloyd-Smith, Tan Hwee Ann

To contact the Bloomberg News staff on this story: Li Xiaowei in Shanghai at Xli12@bloomberg.net

Last Updated: September 16, 2009 05:13 EDT

x 0

Stocks, Commodities Climb on Bernanke, Buffett; Dollar Declines

Share | Email | Print | A A A

By Daniel Hauck

Sept. 16 (Bloomberg) -- Stocks climbed around the world and commodities advanced as Federal Reserve Chairman Ben S. Bernanke indicated the recession is over and billionaire investor Warren Buffett said he’s buying equities.

The Dow Jones Stoxx 600 Index of European shares climbed 1 percent to an 11-month high at 10:15 a.m. in London. Futures on the Standard & Poor’s 500 Index gained 0.4 percent. The MSCI Emerging Markets Index rose as much as 1.7 percent, more than doubling from a four-year low in October 2008. Lead rose for a third day on the London Metal Exchange and copper added 1.4 percent. The dollar fell against all but three of the 16 most- traded currencies tracked by Bloomberg.

Bernanke said yesterday that “the recession is very likely over,” while Buffett said the economy is responding to government stimulus measures. The Group of 20 nations has committed about $12 trillion to reviving growth. Figures today are likely to show U.S. inflation remains subdued and that the housing market is improving.

“The bigger and uglier the bear market, usually the bigger the V,” Kenneth Fisher, who manages $28 billion as chief executive officer of Fisher Investments Inc. in Woodside, California, said in an interview. “A normal V-shaped recovery lasts one year, and the current rally started in March.”

Dollar Index

The Dollar Index, which IntercontinentalExchange Inc. uses to track the U.S. currency against its major trading partners, dropped to the lowest level since Sept. 23, 2008, as signs the world’s biggest economy is emerging from recession prompted investors to buy higher-yielding assets. A report today may show the Fed’s measure of U.S. industrial production rose 0.6 percent last month, the most since October, according to the median of 75 economists’ forecasts in a Bloomberg survey.

The MSCI World Index of 23 developed nations has climbed 64 percent since March 9 as the Fed kept its target rate for overnight lending between banks at near zero to unlock credit markets after the bankruptcy of New York-based Lehman Brothers Holdings Inc. a year ago.

The MSCI World climbed 0.9 percent today, led by companies dependent on consumer spending and raw-material producers. The global gauge trades at 27.3 times the earnings of its 1,659 companies, the most expensive level since 2003.

Inditex SA rose 3.9 percent in Madrid as Europe’s largest clothing retailer reported earnings that beat analysts’ estimates. BHP Billiton Ltd., the world’s biggest mining company, added 2.7 percent as copper, lead and nickel climbed in London.

Emerging Markets

The MSCI Emerging Markets Index advanced to the highest level in more than a year. South Korea’s Kospi index led the advance among Asian developing nations, rising 1.8 percent as exporters including Samsung Electronics Co. and Hyundai Motor Co. rallied. Indonesia’s rupiah climbed 1.2 percent to the highest level in 11 months and the government’s benchmark 10- year notes gained after Moody’s Investors Service raised the nation’s credit rating.

Hungary’s BUX index added 3 percent for the biggest rally among benchmark equity indexes worldwide.

Metals advanced in London. Lead, used mainly in auto batteries, climbed 1.8 percent to $2,221 a metric ton. Platinum and palladium rallied to one-year highs of $1,342.50 and $299.75 an ounce respectively on speculation vehicle-scrapping programs in the U.S. and Europe will revive car demand. Automakers account for about 60 percent of platinum and palladium use.

Treasuries Rise

Treasuries rose for the first time in three days, with the yield on the benchmark 10-year note falling 4 basis points to 3.42 percent, as the absence of inflation in the U.S. economy encouraged investors to buy fixed-income securities. Consumer prices declined 1.7 percent in August from a year earlier, almost the biggest drop since 1950, the Labor Department will say today, according to the median of 38 forecasts in a Bloomberg survey.

U.K. government bonds advanced, sending the yield on the two-year gilt 3 basis points lower to 0.72 percent, the lowest level since at least 1992, after Bank of England Governor Mervyn King said yesterday policy makers are considering cutting the rate paid to financial institutions on deposits at the central bank.

To contact the reporters on this story: Daniel Hauck in London at dhauck1@bloomberg.net. Last Updated: September 16, 2009 05:18 EDT

x 2

x 1

Hi ragmop15,

1st off, your chart looks too cluttered, messy n very hard on the eyes to interpret, should keep it as clean n as simple as possible, 2nd, Stoch is more for range-bound charts n not very suitable for trending charts (wat I learnt from TA books).

Price as 50% retracement does not necessary means it will not go up, if it is bullish n break-up on higher vol, it can head to 61.8% or even higher.

Do not pre-empt or pre-judge the chart, let the EOD data tells u n preferably with confirmation the next day unless it is supported by vol on breakout, if the candle break above the 50% n the double top on vol, then tat double-top is invalidated unless otherwise.

Generally the emas are all trending up n remember, "The trend is your friend" till it changes course (read my 3 golden mantras in the "General", "Trading Techniques", "Advices to newbies" thread).

Basically, I m not bothered whether it is a long-term bull or bear, as I trade day to day based on my interpretation of the EOD data of tat particular stock n STI just serves as a guide as individual counters have their own characteristics n do not necessary follow the STI to the tee everyday though generally it might (there are stocks tat on down-trend while STI is on up-trend n vice-versa).

I pay more attention to the candlesticks, their pattern formation, vol, support, resistance, fibo and just a few lagging indicators like MACD, RSI n divergence to support my interpretation of the leading indicators.

I will post my STI chart later on after I have updated my EOD data n when time permits.

Read below articles:

From http://skybach.wordpress.com/

September 13, 2009 • 11:34 am 0

Trend Following = Buy and Hold + Sell

The typical “investors” will adopt a buy and hold strategy.

Such a strategy develops because from literature and common speak, “investors” are seen as having little involvement in the market after having done their “research”.

On top of that, from some other sources, Technical Analysis is often frowned upon because it is often associated with intraday traders, quick and dirty money, complex, unreliable and bankruptcy in the end.

These 2 main misconceptions and misinformation has led many people to adopt extreme ends of fundamental analysis and technical analysis.

it is the former. “Investors” adopting the buy and hold strategy are usually “losers” with no sell strategy. The main purpose of being in the market is to make money. Without a sell strategy, the “loser” usually sells when their investments shows a fundamental change, which usually is known after their investment has shown a loss.

Fundamental analysis is ideal for stock picking, but take those research material with a pinch of salt. Technical analysis is still needed to verify that the stock is moving.

Likewise, technical analysis is also needed to inform the investor that the stock has stopped moving for the long term. It is only this way that the long term investor is able to cash out before the investment becomes a liability.

Technical Analysis need not be complex. The complexity is often increased with increased usage of indicators and constant switching between them. Technical analysis can be simple if one limits to not more than 5. Personally I will recommend at most 3 that you are most comfortable with and master them. Simple charting like trendline drawing, identification of support and resistance level is more than enough for the average investors.

Technical Analysis need not be for the short haul and can be used for medium to long term.

Whether it is short term depends on whether the stock is a good trending stock. If a stock oscillates, using Technical Analysis will certainly give alot of buy and sell signals.

A good trending stock will usually dip very little in a market correction. Therefore investors should do a final round of filtering based on their trend. Once the trend ends, investors should just cash out.

Filed under: Thots

ragmop15 ( Date: 16-Sep-2009 16:56) Posted:

Im still not so bullish. I dunno why. Am I a perma bear? Just thinking out loud.

Hi Richtan, thank you for sharing your charts. These are my charts. I basically check on trendlines and use fibo and a little tech indicators only (I prefer stochs). Can you let me know if there is something wrong with them? I still am not convinced with the rally since it didnt break the 50% fibo convincingly so I feel this will form into a double top formation and today could be a trap? Its been more than a month from Aug and everybody is so bullish but if you check the charts, we gained so little since then. Any thoughts?

x 0

"Trade Summary" at this point in time shows extremely heavy buying-up, but of course,

nothing is guaranteed, may change, so dyodd n BOSAYOR:

5GJ (AusGroup)

WEIGHTED AVG PRICE : 0.7319	LAST DONE PRICE : 0.740
SPREAD/PRICE RATIO : 0.0068	AVG TRADE SIZE : 54.888

< />

Last

Trades

Vol

BuyVol

Mid

SellVol

0.715

9

95

0

0.716

1

200

0

200

0

0.720

134

7,378

3,660

0

3,718

0.725

139

6,815

2,616

0

4,199

0.730

8

1,716

58

0

1,658

0.735

13

2,058

76

0

1,982

0.740

51

3,169

1,463

0

1,706

0.745

166

8,472

3,936

105

4,431

0.750

25

66

0

66

TOTAL

546

29,969

11,904

305

17,760

x 1

"Trade Summary" at this point in time shows extremely heavy buying-up, but of course, nothing is guaranteed, may change, so dyodd n BOSAYOR:

5EN (MIDAS)

WEIGHTED AVG PRICE : 0.8715	LAST DONE PRICE : 0.880
SPREAD/PRICE RATIO : 0.0057	AVG TRADE SIZE : 59.912

< />

Last	Trades	Vol	BuyVol	Mid	SellVol
0.845	4	105	105	0	0
0.850	43	1,549	871	0	678
0.855	49	1,853	352	0	1,501
0.860	94	5,461	2,326	0	3,135
0.865	12	1,644	85	0	1,559
0.870	2	1,844	0	0	1,844
0.875	112	4,417	2,055	102	2,260
0.880	100	8,298	2,140	0	6,158
0.883	1	150	0	150	0
0.885	66	3,856	984	0	2,872
0.890	6	120	0	0	120
TOTAL	489	29,297	8,918	252	20,127

x 0

Yes, high on 13/8/09

bennykusman ( Date: 16-Sep-2009 16:23) Posted:

is the next resistance is 0.905 ?

ozone2002 ( Date: 16-Sep-2009 16:21) Posted:

89!!! time to break 90 to sustain the uptrend..

x 1

x 0

Patience has its virtues.

Broke above the down-sloping resistance line of the bullish flag continuation pattern.

My advice is not to be too eager-beaver to take short profits and remember the 3rd golden mantra:

3) Cut losses short n let profit runs with trailing stops, we need to let profit runs as much as it can to cover all the losses made n yet make net gains. When we hit the cut-loss, never be emotional, be mechanical, immediately exit n never regret even if later it goes up bcos if dun cut, wat if it continues to go down, preserving ammunition to fight another day is the key. We can always re-enter if there is another buy sign candles, even if buying at a higher price.

richtan ( Date: 16-Sep-2009 16:12) Posted:

Below is my chart analysis for sharing and exchange pointers.

My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.

If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start

making unconstructive comments and plse do not be so childish or lunatic as to abuse the

rating system by intentionally rating it as "bad post", this is not cursing but Buddhism beliefs

tat intentional bad deeds will accumulate for yourself and possibly your next generation,

"bad" karma for your "bad" deeds. If u think it is a bad post, then be constructive and kindly

post your TA for sharing. This is only my view n I may be right or wrong, so dyodd and SOBAYOR.

x 1

x 0

Below is my chart analysis for sharing and exchange pointers.

My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.

If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start

making unconstructive comments and plse do not be so childish or lunatic as to abuse the

rating system by intentionally rating it as "bad post", this is not cursing but Buddhism beliefs

tat intentional bad deeds will accumulate for yourself and possibly your next generation,

"bad" karma for your "bad" deeds. If u think it is a bad post, then be constructive and kindly

post your TA for sharing. This is only my view n I may be right or wrong, so dyodd and SOBAYOR.

x 1

x 0

U r right, the longer a spring is being compressed, the more powerful is the pent-up spring force when released.

Bintang ( Date: 16-Sep-2009 15:54) Posted:

Midas broke out of the tightened Bollinger band n surged with huge volume , it took more than one month to consolidate . The longer it to took to consolidate , the higher it would go after the break out .We would see the performance of Midas in the coming trading days . After clear the resistance at 90.5 cents , it may test the $1.01 upside target .

x 1

x 0

Today's breakout of the down-sloping resistance line is supported by heavy vol, so it is a creadible breakout.

bennykusman ( Date: 16-Sep-2009 15:50) Posted:

i think as long as the volume is high, chances price to drop is smaller...

ozone2002 ( Date: 16-Sep-2009 15:47) Posted:

squeezed out all the weak holders.. now the strong holders push the stock u

x 0

Today's vol as at this point in time had aredi exceeded yesterday's vol n "Trade Summary"

at this point in time shows more buying-up, but of course, nothing is guaranteed,

may change, so dyodd n BOSAYOR:

5GJ (AusGroup)

WEIGHTED AVG PRICE : 0.7222	LAST DONE PRICE : 0.720
SPREAD/PRICE RATIO : 0.0069	AVG TRADE SIZE : 50.698

< />

Last	Trades	Vol	BuyVol	Mid	SellVol
0.715	9	95	95	0	0
0.716	1	200	0	200	0
0.720	133	7,278	3,560	0	3,718
0.725	130	6,367	2,591	0	3,776
0.730	2	2	0	0	2
TOTAL	275	13,942	6,246	200	7,496

x 2

x 0

Below is my chart analysis for sharing and exchange pointers.

My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.

If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start

making unconstructive comments and plse do not be so childish or lunatic as to abuse the

rating system by intentionally rating it as "bad post", this is not cursing but Buddhism beliefs

tat intentional bad deeds will accumulate for yourself and possibly your next generation,

"bad" karma for your "bad" deeds. If u think it is a bad post, then be constructive and kindly

post your TA for sharing. This is only my view n I may be right or wrong, so dyodd and SOBAYOR.

x 2

x 0

richtan ( Date: 11-Sep-2009 21:50) Posted:

Below is my long term chart analysis for sharing and exchange pointers.

My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.

If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start

making unconstructive comments and plse do not be so childish or lunatic as to abuse the

rating system by rating it as "bad post", accumulating for yourself and your

next generation, "bad" karma for your "bad" deeds.

If u think it is a bad post, then be constructive and kindly post your TA for sharing.

This is only my view n I may be right or wrong, so dyodd and SOBAYOR.

x 0

Midas now up on higher vol than yesterday

Patience does has its virtues.

The tortoise will eventually win the race.

x 0

European Stock-Index Futures, Asian Shares Rise; BHP Advances

Share | Email | Print | A A A

By Adam Haigh

Sept. 16 (Bloomberg) -- European stock-index futures advanced and Asian shares rallied as billionaire investor Warren Buffett said his company is buying equities and higher commodity prices lifted raw-material producers. U.S. futures gained.

BHP Billiton Ltd., the world’s biggest mining company, increased 2 percent in Sydney as copper, lead and nickel climbed on the London Metal Exchange. KBC Group NV may rise after Goldman Sachs Group Inc. advised buying shares of the Belgian bank. Inditex SA will probably gain after first-half net income at Europe’s largest clothing retailer beat analysts’ estimates.

Futures on the Dow Jones Euro Stoxx 50 Index added 0.6 percent at 7:23 a.m. in London. The U.K.’s FTSE 100 Index is set to open 25 points higher, according to inter-dealer broker BGC Partners. The MSCI Asia Pacific Index surged 1.5 percent.

Europe’s Stoxx 600 has rallied 53 percent since March 9 as earnings at companies from Goldman Sachs to Roche Holding AG topped estimates and the German and French economies unexpectedly exited recessions. The measure has risen eight times in the last nine days.

Standard & Poor’s 500 Index futures expiring in December added 0.2 percent after earlier falling 0.1 percent. The gauge increased 0.3 percent yesterday after a government report showed retail sales excluding automobiles gained 1.1 percent last month, while the Federal Reserve Bank of New York said its general economic index rose to 18.9 in September. Both reports surpassed economist estimates.

Bernanke, Buffett

Federal Reserve Chairman Ben Bernanke, who yesterday said the recession has likely ended, may have to accept a slow recovery and high unemployment as the price for defending his inflation-fighting credentials.

“Even though from a technical perspective the recession is very likely over at this point, it’s still going to feel like a very weak economy for some time,” Bernanke said in response to questions after a speech at the Brookings Institution in Washington. “That’s a challenge for us and all policy makers going forward.”

Buffett told a conference in California yesterday that his Berkshire Hathaway Inc. is “buying stocks right as we speak” and he’s getting a “lot for my money” in equities.

Former Fed Chairman Alan Greenspan said in a broadcast to Tokyo clients of Deutsche Bank Securities Inc. today that he’s concerned that lawmakers will hamper U.S. central bank efforts to rein in its monetary stimulus, and that inflation might “swamp” the bond market.

BHP Billiton added 2 percent to A$39. Copper climbed for a second day in London, rising 1.4 percent. Rio Tinto Group, the world’s third-largest mining company, gained 2 percent to A$60.18.

KBC, Inditex

KBC may advance. Goldman Sachs rated the shares “buy” in new coverage and placed them on its “conviction buy” list.

Inditex will probably rise. Net income fell 7.6 percent to 375 million euros ($550 million) in the six months through July, beating the 349.5 million-euro average estimate of six analysts compiled by Bloomberg.

To contact the reporter on this story: Adam Haigh in London at ahaigh1@bloomberg.net Last Updated: September 16, 2009 02:25 EDT

x 0

Asian Stocks Rise Most in Three Weeks on Growth Speculation

Share | Email | Print | A A A

By Shani Raja and Ian C. Sayson

Sept. 16 (Bloomberg) -- Asian stocks rose, giving the MSCI Asia Pacific Index its largest gain in three weeks, after U.S. retail sales and New York manufacturing reports beat estimates and commodity prices advanced.

Canon Inc., which gets 28 percent of its revenue in the Americas, climbed 4.8 percent in Tokyo as Nomura Holdings Inc. recommended buying the shares. National Australia Bank Ltd., the nation’s largest by assets, rose 2.8 percent, as an index of the country’s leading economic indicators climbed. BHP Billiton Ltd., the world’s biggest mining company, gained 1.7 percent after metal prices rose for the first time in five days.

“Asia and other emerging markets have strong domestic economies that will benefit further from a global recovery,” said Paul Joseph Garcia, who helps manage about $1.45 billion as chief investment officer at the Philippine unit of ING Investment Management Ltd. “Trade will pick up and that’s good for Asia’s export-oriented industries.”

The MSCI Asia Pacific Index gained 1.6 percent to 117.69 as of 1:36 p.m. in Tokyo, the biggest advance since Aug. 24. The gauge has climbed 67 percent from a more than five-year low on March 9 as stimulus measures around the world pulled economies out of recession. Stocks on the gauge are priced at an average 24 times estimated earnings, up from 15 times at the March low.

South Korea’s Kospi Index advanced 2.2 percent. Hong Kong’s Hang Seng Index rose 1.8 percent. Australia’s S&P/ASX 200 Index climbed 2.2 percent with Telstra Corp. surging 3.9 percent on optimism it will get access to a new national Internet network.

Nippon Steel, Halex

Japan’s Nikkei 225 Stock Average rose 1.3 percent. Nippon Steel Corp. gained 3 percent after JPMorgan Chase & Co. rated the stock “overweight.” In Kuala Lumpur, Halex Holdings Bhd., an agricultural chemicals manufacturer, surged 26 percent on debut. China’s Shanghai Composite Index lost 1.7 percent as government data showed investors opened fewer trading accounts.

Futures on the U.S. Standard & Poor’s 500 Index added 0.1 percent. The gauge increased 0.3 percent yesterday after a government report showed retail sales excluding automobiles gained 1.1 percent last month, while the Federal Reserve Bank of New York said its general economic index rose to 18.9 in September. Both reports surpassed economist estimates.

Billionaire investor Warren Buffett said yesterday his company is buying equities, while Federal Reserve Chairman Ben S. Bernanke said the U.S. recession is “very likely” over.

Canon, which makes digital cameras and office equipment, climbed 4.8 percent to 3,720 yen as Nomura raised its rating on the stock to “buy.” Sony Corp., which gets 24 percent of its revenue in the U.S., gained 3.3 percent to 2,500 yen. Li & Fung Ltd., the biggest supplier of clothes and toys to Wal-Mart Stores Inc. and Target Corp., climbed 3.1 percent to HK$28.30.

‘It Looks Good’

“The next six months seem reasonably easy to anticipate: no inflation, good economic growth,” Former Fed Chairman Alan Greenspan said in a broadcast to Tokyo clients of Deutsche Bank Securities Inc. today. “It looks good for the near term.”

A gauge of Australian leading indicators, which focuses on future economic growth, gained 1.1 percent to 248.5 points in July from June as shares and dwelling approvals climbed, Westpac Banking Corp. and the Melbourne Institute said in Sydney today. The index shrank at an annualized rate of 1.8 percent in July after contracting 4.6 percent the previous month.

National Australia Bank added 2.8 percent to A$28.95. Rival Commonwealth Bank of Australia advanced 3.5 percent to A$48.13.

Telstra, the nation’s biggest telephone company, gained 3.9 percent to A$3.23. Stephen Conroy, the country’s communications minister, told national radio the government may give Telstra a stake in its Internet network.

Improving Data

The company’s shares fell 3.2 percent yesterday after Conroy said Telstra must separate its fixed-line assets from its consumer business or face curbs on mobile-services expansion.

The MSCI Asia Pacific Index’s six-month rally has been driven by better-than-estimated economic reports and corporate earnings. Of 645 companies on the gauge that reported net income for the latest quarter, 225 beat analyst predictions, compared with 138 that missed.

China’s statistics bureau last week reported a greater- than-estimated surge in August industrial production, while a Westpac and Melbourne Institute survey last week showed Australian consumer confidence jumped this month to the highest level in more than two years.

“We expect markets to rise,” said Prasad Patkar, who helps manage about $1.2 billion at Platypus Asset Management in Sydney. “Markets typically climb walls of worry.”

Oil, Metals Prices

BHP added 1.7 percent to A$38.91 after a measure of six metals in London advanced 1.1 percent, rising for the first time in five sessions. Rio Tinto Group, the world’s third-largest mining company, gained 1.7 percent to A$59.99.

Oil producers rose after futures of the raw material climbed 3 percent to $70.93 a barrel in New York yesterday, the biggest increase since Sept. 8. Inpex Corp., Japan’s largest oil explorer, climbed 2.3 percent to 796,000 yen, while PetroChina Co., China’s largest oil producer, gained 2 percent to HK$9.16.

Nippon Steel gained 3 percent to 348 yen, while JFE Holdings Inc. rose 2.2 percent to 3,270 yen after JPMorgan rated both companies “overweight” in new coverage. Smaller rival Kobe Steel Ltd., which was rated “neutral,” added 1.2 percent to 163 yen.

Gold producers rallied after the precious metal closed above $1,000 an ounce for the third-straight day Newcrest Mining Ltd., Australia’s largest gold producer, advanced 3.1 percent to A$34.50. Zijin Mining Group Co., China’s largest bullion producer, rose 2.3 percent to HK$7.73 in Hong Kong.

Halex Holdings jumped 26 percent to 98.5 sen on its first day of trading on the Kuala Lumpur stock exchange. The company sold shares at 78 sen in its initial share sale.

To contact the reporters on this story: Shani Raja in Sydney at sraja4@bloomberg.net; Ian C. Sayson in Manila at isayson@bloomberg.net. Last Updated: September 16, 2009 00:37 EDT

x 0

Today's vol as at this point in time had aredi exceeded yesterday's vol n "Trade Summary" at this point in time shows heavy buying-up, but of course, nothing is guaranteed, may change, so dyodd n BOSAYOR

5EN (MIDAS)

WEIGHTED AVG PRICE : 0.8565 LAST DONE PRICE : 0.860

SPREAD/PRICE RATIO : 0.0000 AVG TRADE SIZE : 52.28

< />

Last Trades Vol BuyVol Mid SellVol

0.845 4 105 105 0 0

0.850 43 1,549 871 0 678

0.855 49 1,853 352 0 1,501

0.860 45 3,956 1,738 0 2,218

0.865 2 13 0 0 13

TOTAL 143 7,476 3,066 0 4,410

richtan ( Date: 16-Sep-2009 12:28) Posted:

"Trade Summary" at this point in time shows heavy buying-up, but of course, nothing is guaranteed, may change, so dyodd n BOSAYOR:

5EN (MIDAS)

WEIGHTED AVG PRICE : 0.8553	LAST DONE PRICE : 0.860
SPREAD/PRICE RATIO : 0.0000	AVG TRADE SIZE : 52.178

< />

Last

Trades

Vol

BuyVol

Mid

SellVol

0.845

4

105

0

0.850

43

1,549

871

0

678

0.855

49

1,853

352

0

1,501

0.860

9

2,063

475

0

1,588

0.865

2

13

0

13

TOTAL

107

5,583

1,803

0

3,780