Walmart and China

This is one of three ships that Walmart uses to transports it goods from China. They are going to be ordering two additional vessels to make a fleet of five. Each ship can transport 15,000 containers, yes containers. Just imagine how much goods are on these ships. A container (40ft) is what is attached to the 18 wheelers on the highway so this ship can take 15,000 of these at once.
To say the least Walmart is the biggest importer of Chinese goods into the United States but is no different from any other consumer orientated retailer in the US. Over the weekend I actually visited many stores in an attempt to complete some research. I visited over 10 stores and just one didn't have over 90% of goods marked made in China.
I was actually amazed as even simple items that I am sure could be made in any country especially the US, was marked made in China. The question in my mind now is are companies in retail just solely looking to China for their supplies?, if so China may have a greater influence on the US economy that just a major owner of US Treasuries. This will lead only to two possibilities and both I am afraid are bad in my eyes.
I guess we will see soon enough.

Don't believe china is the next superpower?

http://news.yahoo.com/s/afp/20101028/tc_afp/chinatechnologyitworld

Fastest train, fastest computer, biggest highway. US is loosing it competitive edge in every barometer to China. Well they are all the US dollars there to do anything

Next resistance

Next resistance on the S&P IS THE 200ema, which is 1195.5.

Should be the magnet point.
Boring market not much to talk about we are just drifting here day to day

Shiller on Housing

Nothing interesting

The market still moving around that 78.6 retracement. Only two outcomes either we are carving out a top here or we are basing to attack the 100% retracement.

Volume is still a huge issue

Update

Though the Nasdaq is powering higher on GOOG move the general market is still not proving much on the updates chart posted. We still need to get through that Fibonacci number with some volume to see higher prices. Volume was been low for this rally.

Bingo! now Failure???

So bingo on the chart posted about the resistance. Now that we have hit it do we fail especially with all this foreclosure news with banks and the lower value of the Dollar (15 yr low against the Yen). The debt, the corrupt financial system the dollar just can't get any legs to stand on.

Much weakness to come in my opinion, we will see.