We’ve been sitting at the sidelines for the past week, waiting for the market for a clearer direction. Some of the economic figures released over the past week are:

• Initial Jobless Claims – 395K (402K)
• Continuing Jobless Claims – 3.688M (3.73M)
• Retail Sales ex Autos (MoM) – 0.5% (0.2%)
• Retail Sales – 0.5% (0.4%)
• Consumer Sentiment Index (Aug) – 54.9 (63.3)
• Industrial Production (MoM) – 0.9% (0.5%)

Numbers in brackets represent market expectation. Above figures were from fxstreet.com economic calendar.

As of now, we believe the possibility of a double dip to be low and the rally of the past 2 days gives us confident of the near future. It is time for us to invest into some potential counters. (we’re still trying to avoid US market though)

Sands China Ltd, listed in HKSE, has seen volatile swings for ...