Sunday, January 11, 2015

Indices Performance Chart - 10 Jan 15

Markets are trading mixed this week.  China A50 did a technical pull back around 3.5% this week, Hong Kong edge higher by 1% while US indices edge lower between 0.5 to 1%.

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

  • Dow (decreased for 2nd week)
  • Nasdaq (decreased for 1st week)
  • S&P (decreased for 2nd week)
  • Russell (increased for 1st week, COT range bound for weeks)
(1) COT Index > 90
(2) No COT data available

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


US indices testing recent low this week and recovered quite a bit. If next week manage to break this week high and close above will be a good sign to go long.  I will be careful as it may try to test the trend support line.  I will continue to long in if break pdh (previous day high) in lhf (lower high formation) for daily chart.

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