Chinese industrial profits

Chinese industrial companies' net profits grew 7.8 percent in the January-November period to 2.59 trillion yuan ($379 billion) from a year earlier, marking the country's first industrial growth since the global financial crisis began, the National Bureau of Statistics (NBS) reported Monday.

Among the industrial companies, State-owned enterprises made a profit of 751.4 billion yuan, down 4.5 percent year-on-year during the January-November period, while foreign-invested companies, including those funded by Hong Kong, Macao and Taiwan, gained 16.9 percent year-on-year to 751 billion yuan, said NBS in a statement on its website.

The bureau also disclosed industrial companies' total sales through November rose 7.1 percent to 47.5 trillion yuan.

The Dollar Roses

The dollar rose against the pound and yen Monday, but remained flat against the euro as investors weighed the possibility of further rate cuts from the Bank of England as well as market intervention by the Bank of Japan.
U.S. currency was virtually unmoved against the 15-nation euro, which rose 0.04 cents to $1.394. However, the dollar gained against the British pound, which fell 1.3 cents to $1.482, and rose ¥0.98 to ¥90.11 against the Japanese yen.

Over the past year, central banks around the world have been slashing interest rates and taking other measures to keep money flowing through the global economy.
"(These are) some of the most illiquid markets we have ever seen," said Michael Woolfolk, senior currency strategist at Bank of New York Mellon in New York.

Technical Analysis

With price volatility at an all-time high, it is becoming increasingly important for the investor to recognize patterns in the movements of the stocks they own or are interested in purchasing. The interpretation of market activity using technical analysis provides clues to the investor as to the future behavior of the price. Generally speaking, the technical investor will use a combination of price, volume and time-sensitive technical indicators to maximize their profits. This page provides explanations for a complete list of technical indicators utilized by SwingTracker award-winning technical analysis charting software.