China GDP Statistics – Monday Alert!

China’s numbers are due on Sunday night and I feel it prudent to give everyone a very, very serious heads up as to the implications and ramifications in equities markets come Monday morning.

Look out below as the GDP numbers out of China are more than likely going to disappoint. This has “ugly” written all over it  as coupled with a likely string of “disappointing earnings reports” to follow out of the U.S – the combination could prove to be one for the books.

We’ve known this for some time now, and considering that my short-term tech went “short $SPX” on Thursday afternoon, and has also signalled “long JPY” for Monday morning – the rubber meets the road here again on Kong’s ability to forecast / see this stuff coming long before the crowd.

I am at complete odds as to why the entire planet isn’t already in complete “duck for cover” “risk off mode” but then on the other hand…… not really that surprised. Ben’s got your back right? Oh boy.

The plan is to “get ahead of this stuff” not “react to it”.

In any case….we here at Forex Kong we’ll know exactly what’s up late Sunday evening, and will continue positioning accordingly.

Check the real-time tweets etc.

6 Responses

  1. At Ease July 13, 2013 / 6:20 pm

    Thanks Kong, will check your tweets.

    • Forex Kong July 13, 2013 / 6:44 pm

      Been a while “At Ease” – how’s things at your end of the pond?

  2. devilyell July 13, 2013 / 9:29 pm

    Ditto At Ease, and thanks Kong for the heads-up. I too will be watching.

    There are so many savvy investors/traders here I encourage all of you to post more. Your observations and insights are valuable and important whether or not they pan out as predicted.

    CNBC? What is CNBC?

    • Forex Kong July 14, 2013 / 8:49 am

      Yo Dev!

      We’re on the saaaaaame page for sure then. It’s just hard for me to watch frankly, and I’m always so blown away when people are so totally shocked when things “don’t” go the way they’ve heard on the tube – but then still wondering why the hell their account keeps going down. Oh well….I’ll tune in again tomorrow and maybe “then” Ill get a good tip.

      Too funny ma man….drunk n long. Love it.

  3. David July 15, 2013 / 11:36 am

    Completely out of all my USD/JPY longs on the 100 break, I’m praying for this dip you’ve been talking about Kong. I’m planning to load up and profit on the way back up though (to my eventual targets of 103-105; would love to see it go to 96, 94 or who knows, 88 first).

    • Forex Kong July 15, 2013 / 12:17 pm

      You and I both man – as yes….I want to get “long the pair” for a soild “buy n hold” – but keep seeing lower prices / entries ahead so….

      Let’s keep a close eye.

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