Day 26 - Watching Shanghai/HK

DOW up 130 as MBIA led financial shares higher after it said it has enough cash to cover claims. Wal-Mart jumped on speculation profit grew as discounts lured shoppers away from competitors. 

CME NK (YEN) closed higher at 13835. Shanghai and HK may drag regional markets lower when they open due to the earthquake in Sichuan, China yesterday.

S&P futures now down 0.75 ( 7 am ).

Update ( 12.40 pm ) :

Sold long position of 13865 at 13985 for profit of 120 points ( Queued at 13985 since morning ). NK was rising in line with HK but rise even higher after close of HK morning session at 12.30 pm. 

2 more outstanding long positions :

14180 and 14025

~ by sgxtrader on May 13, 2008.