US & Asia Pacific Equity Markets Commentary 16 - 20 Jun 07

Hi all,

Before I begin babbling, I've begin to put up the weekly commentries onto a website. However, I've only managed to complete the US market commentary. The rest will be added gradually:

http://stocklogic.007ihost.com/US.html

After three weeks of M.I.A., I'm back again. Many things have happened over the past 21 days. As usual, I've been applying for dealing/trading/research related roles with no success. One of the meetings with a recruiter however, is worth mentioning because he was the only recruiter I've met to ask me about my investment system. I didn't show him alot, only the economic indicators and the US monthly indicators chart that I publish here frequently. Those two items seemm to be enough to make an impression. He also told me that there's an anti-sentiment in Australia against the highly educated and that the country's lack of entreprenerial spirit. Nuff said about the quality of people in finance.

Last friday, my 'successor' arrived (at the office). Although the agreement was that I would stay till the end of Sept or until I find another job. But I guess my boss knew that I didn't want to stay that long and was scouting for a suitable replacement - which surprisingly turned out to be another contractor... overqualified (just like me heheh). He hailed from Germany, had a master's degree in commerce and completing a diploma with FINSIA. He was originally an analyst and subsequently came out to do collective investment deals with his mates. But the doors closed on him and he's now contracting to pay the bills.

Things I've added over the past weeks include:
- Charts of all ASX sectors
- Charts of US Economic indicators
- Weekly chart of the Hang Send Index
- Consolidated MBO + Stochastics chart

Since the US Commentary can now be viewed at the website (http://stocklogic.007ihost.com/US.html), I shall touch briefly on the Asia Pac markets here.

The down-close on the US market last friday would most likely cause abit of a stir on the Asian markets this coming Monday (23 Jul 07). The MBO readings on the Singapore, Hong Kong and Australia are all in high territory; and I am therefore expecting them to close lower (on Monday) and rebound on Tuesday if the US market closes higher. We'll just have to wait and see how the rest of the week pans out as U.S. Home Sales, GDP Forecast and Consumer Sentiment data are announced.

Have a gd week!