Monday, May 31, 2010

World Market Summary

We have some strong rebound last week. I don't think it can hold. Someone is supporting the S&P500 so that it is above 1050. Maybe S&P500 will form the right shoulder of a H&S formation. This may take 2-3 weeks.

World Monthly Weekly Daily
S&P500 Up Down (-) Down
DJI Up Down (-) Down
NasdaqComp Up Neutral Down
Nikkei 225 Neutral Down Down
Kospi Up Down (-) Down
SSECI Down Down Neutral (+)
HSI Neutral Down Down
TWII Up Down Down
STI Up Down (-) Down
JKSE Up Neutral Down
SENSEX Up Down (-) Neutral (+)
AORD Neutral Down Neutral (+)
NZX50 Neutral Down Down
FTSE Up Down Neutral (+)
DAX Up Neutral Neutral (+)
RTSI Up Down Down
Bovespa Up (+) Down Neutral (+)

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