Saturday, April 18, 2009

Weekly World Market Review

S&P 500 Daily Chart

Bit by bit, the S&P 500 index goes up. The momentum is worrying. Anytime can breakdown. But looking at the next downtrend line, it seems that it still have some more to go since the daily RSI is bullish but not yet overbought. The volume looks nice but manipulated due to program trading.

The summary for the rest of the world:
World Longterm Midterm Shorterm
S&P500 Down Neutral Up
DJI Down Neutral Up
NasdaqComp Down Neutral Up
Nikkei 225 Down Neutral Up
Kospi Down Up Up
SSECI Neutral Up Up
HSI Down Up (+) Up
TWII Neutral Up Up
STI Down Neutral Up
SENSEX Down Up (+) Up
FTSE Down Neutral Up
DAX Down Neutral Up
Bovespa Down Up Up

So, unless the US market drops, I still think that KLCI can still go up. But one must be very careful, don't be the last sucker to get out.

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