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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: flatsville who wrote (30469)	10/18/1999 7:54:00 PM
From: Jack of All Trades	Read Replies (1) \| Respond to of 99985

What day are deficit numbers due?? TIA

To: flatsville who wrote (30469)	10/19/1999 8:51:00 AM
From: donald sew	Read Replies (2) \| Respond to of 99985

Flatsville, Well the futures are up strongly due to the benign CPI number, but we have the TRADE DEFICIT report tomorrow. I dont know if or how those number may be skewed, but from my sources there appears to be no improvement as of yet. I have been told that the importers are going nuts right now trying to find space on the import vessels since the vessels are totally full, and bookings are at 110%+ levels. Sales people for the steamship lines are not soliciting space for the mean time right now, since there is no need. Their job now is to pacify the customers who have been bumped from vessels. I may be making too much of the trade deficit report, but if it is still important to the market, then this rally that we will see at the open, may not last too long, and may only last today. Long Beach/LA is really the best indicator of imports from the Far East, since it is the largest port for that specific trade lane. LA is also the main port for minilandbridge movements(sea/rail movements). Although the exports are improving on container basis, the cargo-mix is not yet improving significantly. The U.S. is just increasing their exports of junk cargos(wastepaper/paper products/cheap chemicals). Im not saying that such improvements wont extend to areas like machinery but for now it has not yet with any significance. This is all still leading to a widening trade deficit which will not be good for the U.S.DOLLAR. Again, the numbers could be skewed. seeya