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by Barton's Global Market
US turns bearish - expect the rest of the world to
20th October: The S&P500
is decidedly bearish as are many bellwether stocks: JNJ, HD, UTX, to name
a few. The Dow 30 is ambiguous. However, I would give priority to the S&P.
Europe is also weak. Bullish target is cancelled. Japan is on the cusp
of a bearish breakout. Hong Kong is drifting in a channel. China and Thailand
still looks bullish but I would not expect much if the global trend remains
bearish. One lesson from 2008: if the US tumbles, the rest of the world
follows sooner or later.
Last full update
World still basically bullish
29th September: A
few grey clouds here and there around the globe: oil, gold and silver are
looking quite bearish for the next quarter or two. But otherwise, equity
markets are mostly bullish.
China, Hong Kong and Japan have
the greatest upside potential. Thailand and India look strong. Philippines
and Indonesia are testing previous highs. Malaysia and Singapore are drifting
nowhere, as is Europe at the moment.
The Yen is well supported at
the current level, as is the Euro. Both of these currencies are likely
at their year lows.