Sunday, December 21, 2014

Indices Performance Chart - 20 Dec 14

China A50 rally more than 10% this week while Shanghai Stock exchange up by 5.8% after last week technical pull back.  While Europe and US rally between 2% to 6% for the week after Ms Yellen spoke but Hong Kong, Singapore and India failed to follow through.

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

  • Dow (decreased for few weeks)
  • Nasdaq (increased for few weeks)
  • S&P (increased for 1st week)
  • Russell (increased for 1st week)

Down Trend and Up Trend is based on 50 Simple Moving Average  

** Due to festive season COT Data will be delay till 31 Dec 2014 (SG Time)

Dow tested the inner band resistance and closed lower. S&P and Nasdaq continue to slide lower but failed to test support band and rebounded for the week.  This is the 3rd outside day formed on Russell, while S&P formed outside day this week, waiting for breakout but most likely will be next year.  

New positions added on Thu for S&P and Nasdaq while Russell new position on Wed when broke LHF in daily chart.  I will go slow or avoid trading for last 2 weeks of the year.

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