World Market

A fantastic week around the world. The bears have been beaten severely. Breakouts are everywhere. Is this the beginning of a new party? I hope so. However, please keep in mind the following party poopers: CRE, swine flu, China property.

World	Longterm	Midterm	Shorterm	Note
S&P500	Neutral	Up	Up	Slightly overbought
DJI	Neutral (+)	Up	Up	Stabilizing?
NasdaqComp	Up	Up	Up	Around R=1.95k-2k
Nikkei 225	Up	Up (+)	Up (+)	Breaking out, next R=11k
Kospi	Up	Up	Up	Breakout, next R=1.6k
SSECI	Up	Up	Up	Wow! Next R=3.8k. Can?
HSI	Up	Up	Up	Next R=21k
TWII	Up	Up	Up	Toppish
STI	Up	Up	Up	Next R=2.65k, slight overbought
JKSE	Up	Up	Up	Next R=2.35k
SENSEX	Up	Up	Up (+)	Breaking out, next R=17.5k
AORD	Neutral	Up	Up	To challenge downtrend @ 4.2k
NZX50	Neutral (+)	Up	Up	R=3.05k
FTSE	Neutral (+)	Up	Up (+)	Slightly overbought
DAX	Neutral	Up	Up (+)	May go to 5.5k
Bovespa	Up	Up	Up	More upside