Saturday, November 21, 2009

World Weekly Summary

SSECI Weekly Chart

SSECI: Looks like it is going towards 3500-3800.

STI Weekly Chart

STI: Looks like it has broken out from ascending triangle pattern. May go parabolic if can hold on to the gain. Next resistance is at around 3250.

The summary for the rest of the world:
World Monthly Weekly Daily Note
S&P500 Up Up Neutral (-) R=1.12k, S=1.01k
DJI Up Up Up R=11k.
NasdaqComp Up Up Neutral (-) R=2.18k
Nikkei 225 Neutral (-) Down (-) Down Next R=11k
Kospi Up Neutral Neutral (+) R=1.9k.
SSECI Up Up Up R=3.5k. S=2.6k. Finding base.
HSI Up Up Up R=23.5k, S=20k.
TWII Up Up Up R=7.9k. S=7k
STI Up Up Up R=2.8k. S-2.52k
JKSE Up Up (+) Up (+) R=2.5k. S=2.3k
SENSEX Up Up Up R=17.6k
AORD Up Up Neutral (-) R=4.9k
NZX50 Up Neutral (-) Down (-) R=3.2k
FTSE Up Up Neutral (-) R=5.4k
DAX Up Neutral Neutral R=6.15k
RTSI Up Up Up R=1.5k
Bovespa Up Up Up R=66k

You can still that BRIC and anything related to BRIC (HK and Taiwan) are still going strong. Nikkei is going down, could be due to deflation. US is still holding up. Overall, mixed signals around the world, which I think is good because herding behavior is not highly correlated.

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