October 18, 2013
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Market Overview
Late Wednesday financial media reported rumors of an instant agreement in Congress on a Continuing Resolution (CR), so
observing Wednesday’s surge in US Stock Indices and the CR Position traders indeed bought Stocks on the Opens in
Sydney Tokyo Shanghai. Soon after the Shanghai Open China’s Ministry of Commerce (MOC) reported Foreign Direct
Investment (FDI) for September as having increased Year on Year (YoY) less than analysts’ expectations but significantly
more than FDI YoY increase for August or data dispelling fears among market participants of foreigners’ excluding China
consequent to enormous surge in Shanghai Interbank Offered Rate (SHIBOR) in Third Quarter (3Q), which data confirming
foreign interest in China still obscured by preponderant events in Washington did not instigate Daytraders to agitate in
either markets generally or even Forex Pair especially impacted by China’s economy AUD/$. Toward the end of the Asian
Session US House passed House Resolution (HR) 2775 named “Continuing Appropriations Act” or the HR providing
funding for federal operations without a US Budget, which HR President Barack Obama immediately signed into law;
which event expected by most market participants did not induce Position traders yet to participate in markets generally so
soon before the end of the Asian Session. On the Frankfurt Open Position traders immediately bought Forex generally thus
pushing Major Pairs to Trading Session Highs and Gold thus pushing it to Multi Week Highs but sold Crude Oil thus
pushing it gradually to Multi Month Lows. After the London Open UK’s Office for National Statistics (ONS) reported
Retail Sales for September as having increased Month on Month (MoM) more than both analysts’ expectations and also
Sales MoM decrease for August or data confirming ONS’ robust monthly Employment data reported just prior day, which
robust data though obscured by events in Washington traders for the most part ignored. About middle of European Session
independent German economic research institute ZEW reported its proprietary Indicator of Economic Sentiment for
Germany in October as significantly greater than both analysts’ expectations and also Indicator for September or data
refuting recent tepid and mixed German data, which usually moving robust data though still obscured by events in
Washington traders for now ignored. Before the US Stock Market Open Labor Department (DOL) reported weekly Initial
Claims for Unemployment Insurance as significantly greater than analysts’ expectations but significantly less than prior
week’s Claims or data still erratic on account of some States’ computer problems, which data erratic and unreliable traders
ignored. On the Stock market Open Position traders immediately bought S&P but sold Crude Oil, but Position traders
observing no aggressive Shorting of Treasuries despite passage of CR gradually liquidated Short Position thereby pushing
Treasuries higher. Traders pushed S&P to Record Closing High, and Forex Closed near Session Highs.
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Gross Domestic Product (GDP)
Retail Sales
Industrial Production
Consumer Price Index (CPI)
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China
China
China
Canada
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Financials
E-Mini S&P

S&P had a high of 1728.75 and a low of 1706.25.

S&P's OI Report Thursday described Wednesday small OI increase
with very large price increase on moderate Volume.
Thursday
S&P traded much higher to new Record Highs on
moderately small Volume.

R2
R1
PP
S1
S2
1743.50
1735.50
1721.00
1713.00
1698.50
Last 24 hours
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Precious Metals
Gold

Gold had a high of 1324.2 and a low of 1273.7.

Gold's OI Report Thursday described Wednesday small OI decrease
with moderate price increase on moderately large Volume.

Thursday Gold traded extremely much higher on extremely large
Volume.
R2
R1
PP
S1
S2
1357.5
1340.2
1307
1289.7
1256.5
Last 24 hours
Silver
 Silver had a high of 22.20 with a low of 21.10.
 Silver’s OI Report Thursday described Wednesday moderately large
OI decrease with small price increase on very small Volume.

Thursday Silver traded moderately higher on moderately large
Volume.
R2
R1
PP
S1
S2
22.85
22.40
21.75
21.30
20.65
Last 24 hours
Disclaimer
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undertake such transactions only if you understand the nature of the contracts (and contractual relationships) into which you are entering and the
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is not responsible for any redistribution of this material by third parties, or any trading decisions taken by persons not intended to view this material. This
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