China plans to pirate Apple technology and uses the iPad name to deceive customers with inferior knock-offs. US technology corporations will be

Gangster states China and Russia are supporting the murdering Islamic socialist of Syria and are perceived as fearing they will be next to face revolutions.


We have a stock market completing a strong up-trend, and showing signs of technical fatigue against a backdrop of sentiment that has caught up to the rally. The fundamentals are fading as volume declines and may already be reflected in the price.

Rising oil prices are stalling the American economy the Fed warns. That is due to Obama shutting down American production and refusing to allow Canadian oil to flow into America.


World markets

China is heading toward a hard economic landing. China plans to pirate Apple technology and uses the iPad name to deceive customers with inferior knock-offs. US technology corporations will be forced to pull future production out of china because China’s government gangsters are demanding “protection money” to stay in business in China. See:
http://www.bloomberg.com/news/2012-02-29/apple-says-allowing-china-s-proview-to-use-ipad-brand-would-harm-consumers.html

The free world will soon have to shun corrupt gangster China products built with stolen technology by Chinese slaves.

A Bank of Japan policy board member Hidetoshi Kamezaki said higher oil prices, coupled with the weakening of the Japanese economy and yen, could reduce corporate earnings and dampen consumer spending.

The European Central Bank, which today offered lenders a second round of 1% loans, will help some bank stocks double this year, as they loan at a 5% to 6% rate. Greek bonds however can no longer be used as collateral for loans. Greece is losing the battle to remain on the Euro.

World Bank President Robert Zoellick, called for Beijing to reduce the dominance of state companies. Independent analysts say that state companies are consuming massive subsidies while private companies create most of China's new jobs and wealth.

Standard & Poor's just lowered its credit rating on Greece to ‘selective default. The European Central Bank has temporarily suspended the eligibility of Greek bonds as collateral at the central bank's monetary policy operations.

Elpida Memory Inc., the last Japanese maker of computer-memory chips, filed the nation’s biggest bankruptcy in two years after it failed to win a second government bailout.

South Korea, the fastest-growing producer of greenhouse gases among industrial democracies, rejected a cap- and-trade system to cut carbon emissions.

Italian business confidence fell to a two-year low in February and the economy entered its fourth recession since 2001.

Corruption is a high tax on the free enterprise private engine driving China’s economy. A whole class of Communist elitist parasites has swarmed in China now and is destroying the spirit of new entrepreneurs. China’s stocks could fall 50% from here as Obama’s announced worldwide “Great Depression” spreads there too.
http://finance.yahoo.com/q/ta?s=000001.SS&t=2y&l=on&z=l&q=l&p=e200%2Ce100&a=&c=

Germany broke through the resistance levels but is losing steam.
http://finance.yahoo.com/echarts?s=%5EGDAXI+Interactive#chart2:symbol=^gdaxi;range=2y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on

The Swiss hitting a limit now with a head and shoulder sell signal. Choose 2 or 5 years http://finance.yahoo.com/echarts?s=%5ESSMI+Interactive#chart1:symbol=^ssmi;range=2y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

Emerging markets topping. Brazil broke through moving average but did not set a new high. It is now beginning to look like a head and shoulder sell signal coming soon.
http://finance.yahoo.com/echarts?s=^BVSP+Interactive#chart1:symbol=^bvsp;range=2y;indicator=ema(100,200)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined


American Economy

Yesterday
Durable Orders Jan -4.0% down sharply from 3.0%
Durable Orders -ex Transportation Jan -3.2% down sharply from 2.2%
Case-Shiller 20-city Index Dec -4.0% worse again from -3.7%
Consumer Confidence Feb 70.8 improved from 61.1

Today
Feb 29 7:00 AM MBA Mortgage Index 02/25
Feb 29 7:00 AM MBA Mortgage Purchase Index 02/25
Feb 29 8:30 AM GDP - Second Estimate Q4
Feb 29 8:30 AM GDP Deflator - Second Estimate Q4
Feb 29 9:45 AM Chicago PMI Feb
Feb 29 10:30 AM Crude Inventories 02/25
Feb 29 2:00 PM Fed's Beige Book Feb

This Week
Mar 1 8:30 AM Initial Claims 02/25
Mar 1 8:30 AM Continuing Claims 02/18
Mar 1 8:30 AM Personal Income Jan
Mar 1 8:30 AM Personal Spending Jan
Mar 1 8:30 AM PCE Prices - Core Jan
Mar 1 10:00 AM ISM Index Feb
Mar 1 10:00 AM Construction Spending Jan
Mar 1 2:00 PM Auto Sales Feb
Mar 1 2:00 PM Truck Sales Feb

Market outlook February 29, 2012

Contrarian “Surprise Index” says the stock market is overpriced. The WSJ said stock investors may be in for a nasty surprise.
http://www.bloomberg.com/quote/CESIUSD:IND

Volume extremely low as the DOW hits the 13000 resistance level and all of the other major indicators are below their previous 2011 highs. The Dow is the investment of crisis. It is the only one near 2008 highs. Investors incorrectly assume the DOW is “safe”.

Head and shoulders sell signals are now forming in S&P and NYSE. DOW rails do not confirm the DOW industrial’s rise. No rail confirmation means there is no DOW buy signal. The market nears a precipice of negative economic data.

Stock market volume is decreasing at a rate of 10% per year under Obama policy concerns. Americans are gradually going broke under Obama. Can America afford another 9 months of Obama?. Stock volume is incredibly thin making it easy to manipulate the market… until the funds pull the plug again.

The VIX shows complacency. A sharp computer sell-off could end the current rally any moment now and trigger huge stop-losses.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=2y&l=on&z=m&q=l&c=

Oil prices could skyrocket now because there are many empty barges that could be used to store oil at a price of $100/barrel to sell later at $180/barrel. That is one way speculators profit from a supply-limited investment. Once prices begin to rise the oil is withheld in proportion to the price rise. When the price rises 10% the suppliers can reduce supply up to 10% and make no less profit. Then as prices rise 50% they worry about losing the opportunity and they begin increasing the supply. Finally when all the oil barges are full the oil price begins to rapidly fall again. There is so much storage capacity at the moment that enough oil cannot be drilled to fill the tankers and supply energy needs at the same time and that is why shortages occur as prices rise. It did not work last year but the economy has declined and tankers are free this year.

Bulk shipments rising slowly again and bulk shippers may be storing oil.
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND

Stock market update:
Asian Stock markets were flat last night. China down -1%, Hong Kong up 0.5%, India up 0.1%, and Japan 0%.

European markets are flat today in a range -0.1 % to 0.5% half way through their day.

American market futures are up about 0.2% in after hour trading at 6:30 AM EST.