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Hong Kong stocks slumped in extremely slow trading ahead of a speech to be given by U.S. Fed Chairman Ben Bernanke early Friday, U.S. time. Hope that Bernanke would announce another round of easy money policies helped blue chips.

Financial stocks were mixed on Friday with the major banks sliding on European debt woes and credit companies ticking higher on news of consumer confidence that outshined expectations.

Shares of BlackBerry device maker, RIM (RIMM) continues to get hammered on Wall Street today. Investors wiped some $3 billion off RIM's market value in the first hours of trade on last Friday and it is continuing its southward fall today.

Phone companies were in the spotlight as companies from Apple to Motorola and Sprint seemed to have something to report on. Sales of the new Iphone 4S were also a matter of speculation as many expect the pre-order to serve as a reflection of Cook's capability as Apple's CEO.

Gold futures were trading little changed in the domestic market on Friday as investors and speculators stayed cautious over booking fresh positions in the precious metal amid speculation

Crude oil futures were trading lower during early morning trade in the domestic market on Friday as investors and speculators continued to cut risky bets in the energy commodity amidst heightened fears over a worsening supply glut in the global oil market. US crude supplies climbed for the seventh week on the trot, up by 4.22 million barrels last week, the EIA said, adding that supplies of the fuel in the world's biggest oil consumer

Rising for the second straight day, the rupee gained 9 paise to 66.09 against the US dollar in early trade on Friday, as the greenback fell in overseas markets on hopes that the post the liftoff, any rate hike by the US Federal Reserve would only be gradual.

Crude oil futures tanked around 4 per-cent in the native market on Friday last week as investors and speculators resorted to heavy selling after the OPEC, the cartel that accounts for around 40 per-cent of world wide crude supplies, refused to curb production to alleviate a supply glut.

Soybean Nov Future prices at NCDEX opened positive on Friday and traded up for most part of the day. However by end of the session the prices settled negative witnessing profit booking. NCDEX soybean November futures ended the trade at Rs. 3994.... Read full Story here- http://www.pinnaclefinancial.in/blog/ncdex-live-tips-report-and-trading-for-intraday/

Selling climax nixed by Thursday's European news rally, but economic challenges could still mean drop in stocks in the near future. Breaking August 9 lows is still possible.

Big buying opportunity shaping up. Drop below DJIA 10,000 possible. Prepare for it.

The market is close to resolving whether the consolidation pattern since early August is a base for a renewal of the bull market, or a further decline in stock prices and a very attractive buying opportunity.