Ads

Sunday, June 28, 2009

World Market

Summary for the end of week 26 Jun 2009:
World Longterm Midterm Shorterm
S&P500 Down Up Neutral
DJI Down Up Neutral
NasdaqComp Neutral Up Up (+)
Nikkei 225 Neutral Up Up (+)
Kospi Up Up Neutral
SSECI Up Up Up
HSI Up Up Up (+)
TWII Up Up Neutral
STI Up Up Up (+)
SENSEX Up Up Up (+)
AORD Down Up Neutral
NZX50 Down Up Neutral
FTSE Down Neutral (-) Neutral
DAX Down Neutral (-) Neutral
Bovespa Up Up Neutral

East Asian markets are generally up, Europe are down. For the US, Nasdaq is up while NYSE is down. Looking at the S&P500 chart, I think that some major movement will be made soon. The daily EMA are converging again, a sign that bulls and bears are of equal strength. This fight should be resolved either this coming week or next one. S&P500 is still trying to break the downtrend line drawn from May 2008 to today. Weekly chart still suggest the break to the upside. But...read my other USD analysis.

S&P 500 Daily Chart

No comments: