Day 19

Japan back from holiday. DOW had closed down 39 points previous session. Awaiting tonight’s US FOMC Policy Statement and the advanced GDP forecast. The FOMC is expected to lower its benchmark rate by a quarter point, to 2 percent while the Commerce Department is forecast to report today that economic growth slowed to a 0.5 percent pace in the first quarter after a 0.6 percent expansion the previous three months.

Bought at 13875 after seeing NK dropped from high of 13990. After buying, NK continued to drop to low of 13795.

Update ( 3.50 pm ) :

FTSE up 1 point and S&P futures up 1.5. HK at 25670 after recovering from low of 25581. NK ( T+1 session )now traded at 13830.

~ by sgxtrader on April 30, 2008.