Sunday, May 10, 2015

Indices Performance Chart - 09 May 15

Europe and US are mixed this week while Asia and Australia closed lower.  China A50 and Shanghai down more than 5% while HK and HK China H-shares both broke down and closed 2% lower.

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

  • Dow (increased for 1st week)
  • Nasdaq (increased for 1st week)
  • S&P (increased for 2nd week)
  • Russell (increased for 1st week)
COT buying interest had increased slightly more than usual

US Indices tested the support level and rebound strongly on Fri breaking lhf and closed around the resistance level.  If next week, DOW and S&P can break recent high and closed above will be a rather positive sign.  Nasdaq and Russell need to break pwh to continue the UT momentum.

Added new hedge positions on 5 May (Tue) when broke pdl, SL was triggered on Fri for the newly added hedge positions.  Add long positions on 8 May (Fri) when break lhf

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