For next week trading, these are issues to consider:
1. Bank reform will effect banks profit as exit fee will be abolished and open up competition which will hurt their earning.
2. China CPI data is much higher than expected and the government will have to raise rate or do something dramatic to reign in inflation before social unrest when US economy is still weak. Market will be nervous for their next move.
3. Europe sovereign debts remain in focus with Ireland 2nd round voting of their budget.
4. US tax cut vote next week and no certainly that it will go through.
5. December index options and SPI expiry on Thursday will be manipulated and a surprise sell down is not out of the question.
6. Feds meeting next week.
Good luck.
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