Saturday, May 30, 2009

World Market

So, the fundamental sucks but stock still going up. Not logical eh? The few blogs that I'm following, the voice of the bear is getting weaker. Based on today's chart action, any downward movement, in my opinion will not be strong. Any upward movement, generally is not strong too but it is being pulled up by stronger sectors that deals with commodities. The financial sector is still a drag. Anyhow, better trade what you see than trade what you think you will see.

World Longterm Midterm Shorterm
S&P500 Down Up Up (+)
DJI Down Up (+) Up (+)
NasdaqComp Down Up Up (+)
Nikkei 225 Down Up Up
Kospi Up Up Neutral (-)
SSECI Up Up Neutral
HSI Up (+) Up Up
STI Up (+) Up Up
SENSEX Up (+) Up Up
AORD Down Up Up (+)
FTSE Down Up Up (+)
DAX Down Up Up
Bovespa Up (+) Up Up

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