Certain individuals accused of spreading false and malicious rumours about the SH exchange have been paraded on China TV to apologise for their actions! Perhaps we should do that here! Remember where there is a tip there is a tap!
The strongest field we've seen since the Open with Day (best on current form) market leader @6/1 followed by Mcilroy & Spieth @ 8/1 then the usual suspects Dustybin, Rose Stenson & Bubba at prices from 16-22's. Better ew value would be Zach at 40's whose hot atm. Leaders too cramped for me so tossing up between 5 picks which inc Mr K, Finau (despite a poor Barclays)and Streb all for place monies.
A weaker Dow pushed markets across Asia into the red, the Nikkei (-450) HK (-93) & SH (-70) but mostly taking China's lead lower where lots of unresolved issues remain including fund managers exiting the market. The oil price has been the *star* mover currently at a morning high of $52.97. This on lower production figs and OPEC seeking talks with others. Now nearing a 30% swing back in a few days this has mostly been driven by speculators and those caught betting oil would fall now panic covering. Yet the fundamental of a worldwide glut still remains and Iran waits in the wings. We've seen this only recently when oil shot up from the $40's back in March to May so a retrace could be on the cards again. How London oilies react this morning will be interesting as I remember not so far back last year the OP rising and Genel falling! If this is a short term spike let's enjoy it and with payments we look to be on the UP.Wonder what the chartists think?......$20 oil? That looks a long way off from here?
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