Sunday, March 15, 2015

Indices Performance Chart - 14 Mar 15

China, Japan and most Europe markets closed higher up to 6% for this week while HK and US markets closed lower except for Russell that closed positive

On a daily chart, STI had covered the gap (22-23 Feb).  STI strong support level will be around 3300

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

  • Nasdaq (increased for 1st week)
  • Russell (increased for 1st week)
Down Trend
  • Dow (increased for 3rd week)
  • S&P (increased for 3rd week)
(1) COT Index > 90
Down Trend and Up Trend is based on 50 Simple Moving Average   


Based on weekly chart, it seem that US markets will have to go lower to test support. Russell show some strength in closing above Diff SL with a +ROC (Closing price above Opening price). Dow had tested the inner channel support band, high probability will try to test the outer channel support band before continue with the uptrend.  While S&P  and Nasdaq had yet to test the channel support band
I have also added some short positions to hedge against my long positions
Below are some of the support level that I will be monitoring for any potential reversible

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