This morning, the S&P 500 Index e-mini futures (ES-M2) are trading lower by 2.00 points to 1413.00 per contract. Generally, after a large rally such as we saw yesterday the major stock indexes will be more subdued or calm in the next trading session. Yesterday, the Dow Jones Industrial Average surged higher by 160.90 points to 13,241.63. The inflation rally that started in late December 2011 remains intact at this time.
All markets around the world seem to be inflating higher with the U.S. markets except for China. Last night, the Shanghai Index (China) was the only Asian stock index that failed to surge higher on the session. In fact, the Shanghai Index closed lower by 0.15 percent. The Nikkei 225 (Japan), Hang Seng (Hong Kong), and the Sensex Index (India) all climbed higher by more than 1.00 percent. Should the U.S. markets by some chance show weakness today the Chinese ADR's could come under some selling pressure. Leading stocks such as SINA Corporation (USA) (NASDAQ:SINA), Sohu.com Inc. (NASDAQ:SOHU), NetEase.com Inc (ADR) (NASDAQ:NTES), and Perfect World Co., Ltd. (ADR) (NASDAQ:PWRD) could all be in play today.