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Dow perilous - Asian
markets looking bullish
July: The Dow is testing
an important support, failure of which
could spell a short term bear market.
Emerging markets are testing important
neckline resistance. Breakout would
be bullish. China and Hong Kong are
looking bullish. Other Asian markets
are likely to retest previous highs:
Singapore, Thailand, Philippines and
Last full update
S&P500 has 2,400 hope
31st March: It's
been a few months since I've updated
this site (other than weekly updates)
so let's go through changes market by
S&P 500 has clearly broken
major long term resistances but is now
facing its 60-year mean on the log
chart which could pose a significant
resistance. The Nasdaq is facing a
resistance on the long term log chart.
So this is a possible topping point.
No sign of topping yet. But something to
watch out for.
EFA is looking decidedly
bullish. Eurostoxx is less so, but still
encouraging. EFA contains a bit
of Japan, so that might explain the lead
on good volume with good long term
scenario if we see a rally above 18,000.
markets: the ETF, EEM
is still drifting rather aimlessly. A
few Asian markets are more interesting.
Kong: nothing exciting,
well supported, some weakness in the
Still in a long term bear
trend but well supported.
in danger of topping,
but still bullish. Currency is
Nice, bullish, breakout
with the prospect of a new bull trend.
Nice, gentle, long
term bullish trend.
Dithering in a range.
Still ambiguous in
the medium term but with clear bearish
signals in the form of the
sector and currency.
gold, silver, oil all moving in boring
ranges. No sign of bottoming yet