Volume was light as befits the first day after a long weekend. But, sandwiched between ADP employment data Wednesday and the all-important jobs number Friday loom Personal Income, Consumer Spending, and Core Personal Consumption Expenditure [PCE]. Buckle-up!
The week isn't long and posting a lot of intra-week charts may be a futile exercise. Patience throughout the week is probably what's required. By Friday we'll know more about "what's next" for U.S. markets.
China is a different deal, and despite the modest sell-off in iShares Trust FTSE-Xinhua China 25 Index Fund (FXI) it remains to be seen how retail Chinese investors will react to government efforts to slow them down. Again, 1 million new retail accounts per week is an incredible statistic even for a country the size of China. We'll see how they react since they're inexperienced.
Disclaimer: Among other issues, the ETF Digest maintains long or short positions in: CurrencyShares Japanese Yen Trust (FXY), CurrencyShares British Pound ETF (FXB), iShares Trust FTSE-Xinhua China 25 Index Fund (FXI), iShares MSCI Hong Kong (EWH), and streetTRACKS Gold Trust ETF (GLD).