Sunday, December 7, 2014

Indices Performance Chart - 06 Dec 14

Markets are trading positive this week.  US and Europe markets  continue to trade higher between 1-2% while China A50, Hong Kong and Japan continue to rally bwteen 4-11%.

Instruments that show buying interest from Dealer/Intermediary (sell-side participants)

Up Trend

  • Dow (decreased for few weeks)
  • Nasdaq (increased for 2nd week)
  • S&P (decreased for 1st week)
  • Russell (increased for 2nd week)
Down Trend and Up Trend is based on 50 Simple Moving Average
Dow had broke n hovered around the inner upper band resistance for 2 weeks (CMC chart for DOW is not refresh for last few weeks) while Russell need to break pwh (previous week high) for more upside.  Looking forward for Russell break out.

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