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 Daryl Guppy is a well-known international financial technical analysis expert. For more than four years, he has provided weekly Shanghai Index analysis for Shanghai Security News and other mainland Chinese media. Guppy appears regularly on CNBCAsia and is known as “The Chart Man”. He is a national board member of the Australia China Business Council. Visit his website at www.guppytraders.com
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Daryl Guppy: Tales of the Shanghai market |
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Written by Daryl Guppy
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Tuesday, 02 March 2010 10:00 |
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I HAVE A personal dislike for the term “perfect storm”, because it is rarely accurate. However, the Spring Festival holiday break included some announcements and actions that bring together a previously loose collection of events into something that is perhaps more significant — an almost- perfect storm.
First is the Chinese selling of US Treasuries. China sold US$34.2 billion ($48 billion) of Treasuries in December. Chinese investment in US government securities dropped by US$34.2 billion at end-2009 to US$755.4 billion. China also scaled back buying in the current Treasury auction. If the trend continues, the US will be forced to raise interest rates and add to the strain of its ability to manage its gigantic debt.
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Last Updated on Saturday, 27 February 2010 10:37 |
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Daryl Guppy: Shanghai surrenders momentum and moves sideways |
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Written by Daryl Guppy
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Saturday, 20 February 2010 09:11 |
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THE SHANGHAI MARKET was closed all last week and it provided an opportunity to step back from the day-to-day price action and put the recent developments into a wider context. China continues to take action to cool economic activity, with an announcement of a further increase in banks’ reserve requirement ratio (RRR) on the first day of the Spring Festival holidays. The market had a full week to absorb the impact of this announcement before trading begins this week. The last time RRR was increased, the market stumbled badly.
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Last Updated on Saturday, 20 February 2010 09:16 |
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Daryl Guppy: Shanghai Spring Festival hong bao |
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Written by Daryl Guppy
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Saturday, 13 February 2010 14:22 |
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IT’S THE NIGHT before Spring Festival — and it’s not quiet. China is alive with activity and economic reports confirm the bull is also to be found in the Year of the Tiger. Things were more despondent last year, with many factory workers told not to come back after returning home. This year, labour shortages have emerged in some areas and workers are assessing their hong bao to decide if they will return to work for the same employer in the new year.
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Last Updated on Saturday, 13 February 2010 14:29 |
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Daryl Guppy: Testing Shanghai support for Spring Festival |
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Written by Daryl Guppy
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Saturday, 06 February 2010 11:00 |
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THE SPRING FESTIVAL holiday delivers a week of no trading in China. Holidays always make people feel differently and this is reflected in their trading behaviour. Periods leading up to, or following, major holidays often show repeated statistical relationships. For some traders, this offers an opportunity to develop specific holiday period trading strategies. For others, the volatility surrounding holidays is discounted. They adjust trailing stops to take this into account because they know the impact is temporary. While past performance is not a perfect guide to the future, there are certain statistical relationships that develop.
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Last Updated on Saturday, 13 February 2010 14:22 |
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