Sunday, July 26, 2009

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

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