Indices Performance Chart - 13 Dec 14

This week markets were flushed down across the board between 2% to 7% except for Singapore.  One of the main cause was due to crude that down nearly to 12% in a week and traders choose to see the negative impact.

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

Up Trend

• Dow (decreased for few weeks)
• Nasdaq (increased for 3rd week)
• S&P (decreased for 2nd week)
• Russell (decreased for 1st week)

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

  

Dow was down and touches the inner band support as well as previously resistance level.  Possibility of technical rebound or go lower to test the outer band support.  Most likely S&P and Nasdaq will go lower to test support (previous resistance) before rebounding.