China stocks continued to rise before the week-long holiday with SHA climbed about 0.31%.Money flowed into Real Estate, Biomedicine and Non-Ferrous Metal sectors the most. Anyuan Coal Industry Group Co. rallied to limit-up as it announced to give up a restructure plan to sell off its coal mining asset, and recent rally of price of coal made investors believed that this decision should benefit the company. DXY stayed around 95.45 and CNYUSD hung on 6.67 with prolonged tightness in RMB interbank market supported the exchange rate. But we believed that the liquidity condition should improve after the holiday. In commodity market, Lead, Corn Starch and PVC led the rally. For lead, investors concerned about the shut-down of many lead producers, and for PVC, the price's supported by the price of coal, which is a major raw material to produce the plastic. Despite the low trading volume and lack of theme to speculate, we hold our estimation that SHA should rally more after the National Day Holiday, with new energy and SOE reform sectors be the most promising pick. But we should also name some risks for the last 3 months of trading, such worry on Deutsche Bank, the overheating of China property market and fluctuation of CNYUSD. Hence some hedge of the downside 's still needed.
Also I found this interesting meetup group for Traders in SH. Welcome to join.