Sunday, July 19, 2015

Indices Performance Chart - 18 Jul 15

Most markets closed higher this week after Greece bailout agreement seem to have come to an agreement.  This will not be the last time nor last one, from time to time, we will see this happening to various countries in Europe.  China had implemented various measures to prevent their stock markets from collapsing, till date there are about 1000 stocks still suspended.

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

  • Nasdaq (decreased for 1st week)
  • S&P  (decreased for 1st week)
  • Russell (increased for 3rd week)
  • Dow (increased for 3rd week)
US Indices broke pwh and continue to trade higher.  Nasdaq closed at 15-yr high after top estimate corporate earning.  S&P (cash market) shy of 6 points to break historic high.  DOW, S&P and Nasdaq are back in the UT channel.
I have closed all my short hedging pos and added long pos.  

Daily Neutral, Weekly UT
Potential resistance around 18,169, 18,292 and 18,367
Potential support around 17,971, 17,819 and 17,562

Potential resistance around  2,131 and 2,137
Potential support around 2,100, 2,080 and 2,062


Potential resistance around 4,704^ and 4,816^
Potential support around 4,537 4,430 and 4,376

^Est figure using (cash) chart provided by Yahoo finance

Potential resistance around 1,278 and 1,296
Potential support around 1,261, 1,240 and 1,225

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