Day 22 - Japan Markets Re-Open

DOW up 51 previous session. CME NK (YEN) closed at 14150. Stocks initially fell as oil prices spiked to a record $122.35 a barrel and Fannie Mae and other financial firms reported big quarterly losses. But the market stabilized by midday, as investors looked beyond rising crude prices and opted to scoop up technology and financial shares.

 Update ( 6.45 am ) : S&P futures down 0.5

Update ( 7.45 am ) : S&P futures up 0.5, SGX NK traded at 14165

Update ( 1.30 pm )

 

Bought at 14180 when trading starts. NK slides after Shanghai/HK dragged regional markets and S&P down. Profit of 30 points and 1 outstanding long at 14180. NK last done at 14105 ( 1.45 pm ). S&P futures down 5.

~ by sgxtrader on May 7, 2008.