Sunday, April 19, 2015

Indices Performance Chart - 18 Apr 15

After new high last week, this week most markets closed lower between 1 to 5% except for China (A50 and SSEC) up more than 6%.

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

  • Dow (decreased for 2nd week)
  • Nasdaq (decreased for 2nd week)
  • S&P (decreased for 2nd week)
  • Russell (decreased for 2nd week)
DOW and S&P tested the trend resistance and failed to stay above.  A new Diff was formed.  On Fri US markets broke pdl and Diff SL during  the sell down, this result in -ve ROC on weekly chart.  Do watch out for US markets, if break pwl will bring more selling.  1st support will be recent 3 weeks low, 2nd support will be weekly chart trend support or 50MA.

Long pos was added on wed when broke lhf and took partial on Thu.  Hedge positions was triggered on Fri when broke pdl and closed all the positions added recently.

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