Top China ADR Portal

China ADR stock research


Warning: strtotime(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home1/chinaves/public_html/libraries/joomla/utilities/date.php on line 56

Warning: date(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home1/chinaves/public_html/libraries/joomla/utilities/date.php on line 198

China Shares Shrug off Mixed Jobs Report

E-mail Print PDF

advance7Jan. 8, 2009 (Chinavestor) Market sentiment proved to be key today - a day that started out weak but turned around. Today's overbought / oversold report was released right when the market opened, Jobs report hurts overbought Chinese stocks, a time when direction of the market was unclear. That early morning report was written under the assumption that market is going to head south. Overbought stocks tend to decline the most  under such circumstances. But as investors digested the news, the jobs report is more of a mixed baggage then a straight disappointment. Revised data suggests November was month with some job creation and December's sluggish numbers are seen as a temporary setback in an improving trend. 

Now, when investors have a cautious outlook with a positive bias, momentum stocks tend to do well - as is the case today. Looking at the overbought indicator for today, Sutor Technology (NASDAQ:SUTR) remains on fire just like Quao Xing Univeristy (NASDAQ:XING). Acorn (NYSE:ATV) and Linktone (NASAQ:LTON) remain strong at noon- stocks from our Weekly Stock List available for Advanced Members.

Most overbought China stocks before the open today

OB-201018

aexpl-obos



If you like us, spread the word to the fellow investors on your favorite Social Bookmarking websites
Reddit! Del.icio.us! Mixx! Free and Open Source Software News Google! Live! Facebook! StumbleUpon! TwitThis Joomla Free PHP
 

!!! CHINAVESTOR.COM is for SALE !!!

BUY this domain with all its credentials. Chinavestor.com has been added to Google News and Finance since 2008! Huge web traffic upside potential! Website is optimized for Chinese stocks but can easily be tweaked. Contact Seller Here

sale1
G_news
Check out The Benefits of Getting into Google News!

Free weekly newsletter

Get hot China stock news every Monday