September 11 was a positive day for Precision Drilling Corporation (PD:CA) as its stock finished the day having gained 5.35% to hit a price of $4.73 a share. The company reached a market cap of 1.39 billion and has 293.72 million shares outstanding. Precision Drilling Corporation is a component of the the S&P/TSX Composite Index.

In early 2007, the then chairman of the Federal Reserve, Ben Bernanke, dismissed the idea that the slowdown in the US housing market had profound implications. It was, according to the man running the world’s most powerful central bank, just a local affair.

Asian equity markets struggled to follow through on the positive close on Wall Street with most major indices in the red. The Nikkei225 slid 0.75%, Hang Seng 0.27% and China shares eased off 0.24%. There was a marginal bid tone to the US dollar as US 10-year yields edged closer to 3%.

September 11 was a positive day for Imperial Metals Corporation (III:CA) as its stock finished the day having gained 7.84% to hit a price of $1.10 a share. The company reached a market cap of 132.86 million and has 120.78 million shares outstanding. Imperial Metals Corporation is a component of the the S&P/TSX SmallCap Index.

Kirkland’s Inc. (KIRK) traded on unusually high volume on Sep. 10, as the stock gained 2.25% to close at $9.56. On the day, Kirkland’s Inc. saw 308,637 shares trade hands on 2,538 trades. Considering that the stock averages only a daily volume of 193,859 shares a day over the last month, this represents a pretty significant bump in volume over the norm.

The recent upside breakout seen in the US Transportation Index is a very important signal for traders. Our research team has been following these moves for many months and we believe the recent upside breakout in the $TRAN is a strong sign of future US Equities price moves and all traders should be paying very close attention.

Some Hong Kong equity investors ask why they should shift to the US market, given that they are less familiar with the equities there.

For an answer, they just need to take a look at these numbers.

Lotte Confectionery’s revenue in the second half will decrease, said Hana Financial Investment on Sept. 10, lowering the target price to 180,000 won (US$159.76) from 230,000 won.

Samsung Electronics will post record earnings in the third quarter, said KB Investment and Securities on Sept. 10, maintaining a “buy” recommendation and 58,000 won (US$51.48) target price.

CFTC commitment of traders report was released on Friday (7th September) and cover positions up to Tuesday (4th September). COT report is not a complete presenter of entire market positions; however, it represents a good chunk of institutional traders, to feel what’s going on in capital markets and how big traders are aligned.