Sunday, May 3, 2015

Indices Performance Chart - 02 May 15

Almost all markets closed lower this week.  Dax (Germany) slammed down by 5% this week.  On a weekly chart Hang Seng and Shanghai (doji) show exhaustion in the run.  HK China H-shares formed symmetrical triangle, watch out for break out or break down.

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

  • Nasdaq (decrease for 1st week)
  • Dow (decrease for 1st week)
  • S&P (increased for 1st week)
  • Russell (decreased for few weeks)
Based on raw figures, there is an increased for number of long and short positions for US indices but the number of short increased more than the number of long.

In weekly chart, DOW, S&P and Russell closed with a outside day (potential of starting a new trend in V3Go context).  DOW, S&P and Russell hit the resistance and retraced. Russell is the worst performer this week.  Russell support region is around 1209 - 1213.  Breaking 1209 may drive Russell back to 1082 region. 

In daily chart, on Fri US markets rebounded strongly but it was still an inside day.  Next week potential may break pdh in lhf, I will be caution to add long positions, either add small or do nothing still clearer signal.

Have new hedge positions on 28 Apr (Tue) when broke pdl

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