Instruments that show buying interest from Dealer/Intermediary (sell-side participants)
- Nasdaq (increased for 1st week)
- S&P (increased for 2nd week)
- Russell (increased for 2nd week)
- Dow (increased for 1st week)
US markets rally on Mon and trade lower for the rest of the week. While Hong Kong, China and Singapore was in a consolidation mode for the week. If the selling momentum to continue in US markets, most probably we will see the trend channel support and 50MA to be tested to complete the pull back. I will continue to go slow and small, trade as per price-action until either the trend support or trend resistance is tested.
Added more hedge positions on Wed and Fri when broke pdl.