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Two Ways: Falling Trade in Far East


Strengthen your portfolio in good times and bad.


Chinese Trade Slump

Chinese exports fell for a third straight month, down 17.5% in January. According to Reuters, the contraction indicates the world's third largest economy is headed for more pain. Imports also plunged 43%, double the pace of the previous month. Typically, the period before the Lunar New Year is among the busiest for Chinese exporters, but some factory owners said early closure this year may have contributed to the especially sharp drop.

For more on China, see Professor Ryan Krueger's The Yi Yue Effect: Looking to DJIA and China.

From the Bull Pen: Taking a hint from Professor Krueger's article, one can consider agriculture play Monsanto (MON). One can initiate a starter position here with a sell stop below $75.

From the Bear Cave: Bears can look to Chinese technology play China Mobile (CHL). One option may be initiating a downside position on a rally back to $50. A buy stop can be set near $52.

Quick Check Around the World

Asian trading closed with the Hang Seng -2.30%, Nikkei -3.03%, Sensex -1.59%, Taiwan -2.39% and Shanghai -0.56%.

Glancing towards Europe, we see the CAC -1.55%, DAX -1.93%, FTSE -1.22%

As of 8:10 a.m. EST, S&P futures are trading -10 to 820.00, and Nasdaq futures are -10 to 1214.00.

A Look At Commodities

Crude oil is trading -0.29 to 35.65. Gold is -0.40 to 944.00. Silver is -0.11 to 13.410, and copper -1.35 to 152.65.

The dollar index is +0.3750 to 86.5000.

On the Radar


08:30 Advance Retail Sales -0.7%
08:30 Retail Sales Less Autos -0.3%
08:30 Initial Jobless Claims 610k
08:30 Continuing Claims
10:00 Business Inventories -0.6%

Click here for the full trading radar.

Thirsty Thursdays! Good luck!

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No positions in stocks mentioned.

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