World Market

US markets continue to punish the bears. I'm Looking out for the new foreclosure panic. But then, the banks can have fantasy value, the market may not sell down. The Federal has print so much money. Deflationist says that the money will be used to pay the housing losses. But what losses to pay if the valuation is at fantasy numbers? What do you do with the extra cash if you don't want to lend it out? I think that the answer is to use it to speculate. Yes, banks can use the money to speculate on commodities because they need the profit to payback the government. So, I think that the inflationist will be right.

World	Monthly	Weekly	Daily	Note
S&P500	Up	Up	Up	R=1.15k
DJI	Up	Up	Up	R=9.8k. Daily bearish divergence
NasdaqComp	Up	Up	Up	R=2.18k
Nikkei 225	Up	Up	Neutral (-)	Next R=11k
Kospi	Up	Up	Up	Next R=1.6k. Overbought.
SSECI	Up	Neutral (-)	Down (-)	R=3.5k. S=2.8k. Correction.
HSI	Up	Up	Neutral (-)	R=21k, S=19.5k
TWII	Up	Up	Neutral (-)	Toppish
STI	Up	Up	Neutral (-)	R=2.7k.
JKSE	Up	Up	Neutral (-)	At R=2.5k, overbought
SENSEX	Up	Up	Neutral (-)	R=16k
AORD	Up	Up	Neutral (-)	R=4.6k
NZX50	Up	Up	Neutral (-)	R=3.2k
FTSE	Up	Up	Up	R=5.1k
DAX	Up	Up	Up (+)	R=5.5k
Bovespa	Up	Up	Up	R=55.8k

Looking at commodities:

Commodity	Monthly	Weekly	Daily
Gold	Up	Up	Neutral
Crude Oil	Up	Up	Up (+)
Crude Palm Oil	Up	Up	Neutral
Rough Rice	Down	Up	Neutral

Why is oil going up when the biggest consumer, USA is in the great recession? Peak oil or speculation?