Indices Performance Chart - 18 Oct 14

Most markets continue to trade lower (between 0.5% to 2%) except ASX (Australia) and  Russell rally 3% this week.  Looking forward to end OCt or early Nov for clearer signal whether continue of downtrend or reversal.

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

Neutral

• Dow and Nasdaq (2nd week)

DT

• S&P and Russell (decreased for 1st week)

Down Trend and Up Trend is based on 50 Simple Moving Average 

US Indices broke support (trend support channel or 50 SMA) and recovered around the support level. I will wait for clearer signal for mid term position, will take up FIFO (Fast In Fast Out) trade for time being.