Indices Performance Chart - 22 Nov 14

Most markets are trading higher this week (except China A50 and Australia 200).  Europe markets outperform the Asia and US; up between  1 to 4%.

From COT report, US indices continue to show weakness especially S&P buying interest had sharp decreased.  Looking forward to Black Fri on 28 Nov and Cyber Mon on 01 Dec.

Instruments that show buying interest from Dealer/Intermediary (sell-side participants)

Up Trend

• Dow (decreased for few weeks)
• Nasdaq (decreased for few weeks)
• S&P (decreased for few weeks)

Neutral

• Russell (decreased for few weeks)

Down Trend and Up Trend is based on 50 Simple Moving Average
 
S&P and Nasdaq may be heading towards to the upper band resistance while DOW may be heading the inner upper band resistance.  Russell trade within range bound.