Tuesday, October 4, 2016
U.S. factories ramped up activity in September, the Institute for Supply Management (ISM)  national factory activity rose to 51.5 from 49.4 the prior month, beating analyst expectations in a Reuters poll,  and China's manufacturing sector expanded again in September, the  Purchasing Managers' Index (PMI) stood at 50.4 in September. A reading above 50.0 shows growth on a monthly basis. The commodity index has also rebounded 30% from Jan 16 low. OPEC cutting oil output. All these is fueling speculation that the Global Economy could finally be recovering.

Traders are piling into commodity and energy related stocks. On the local stock market, stocks like Nobles, Geo Energy, Alliance Mineral , ISR Capital etc are leading the way. This bullish trend is likely to continue all the way to the US Election in November.

All posts and charts are for educational and illustration purposes only

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