Sunday, December 27, 2009

World Weekly Summary

Most markets kind of had a Christmas rally. I'm expecting a correction for the US market, however, it continues to push higher. Maybe the power of printing money will overcome all obstacles continuing losses in the housing market. Well, this is why you need more than fundamental analysis to win in the market. Your theory may be right, but when your timing is wrong, you will still lose money.

World Monthly Weekly Daily Note
S&P500 Up Up Up (+) R=1.12k, S=1.01k
DJI Up Up Up (+) R=11k.
NasdaqComp Up Up Up R=2.18k
Nikkei 225 Neutral Up Up Next R=11k
Kospi Up Up Up R=1.9k.
SSECI Up Neutral (-) Neutral R=3.5k. S=2.6k. Finding base.
HSI Up Neutral Down 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 Neutral (-) R=2.5k. S=2.3k
SENSEX Up Up Up (+) R=17.6k
AORD Up Up (+) Up (+) R=4.9k
NZX50 Up Up Up (+) R=3.2k
FTSE Up Up Up (+) R=5.4k
DAX Up Up Up R=6.15k
RTSI Up Up Up R=1.5k
Bovespa Up Up Neutral R=66k

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