China A50 rally more than 10% this week while Shanghai Stock exchange up by 5.8% after last week technical pull back. While Europe and US rally between 2% to 6% for the week after Ms Yellen spoke but Hong Kong, Singapore and India failed to follow through.
Instruments that show buying interest from Dealer/Intermediary (sell-side participants)
Up Trend
- Dow (decreased for few weeks)
- Nasdaq (increased for few weeks)
- S&P (increased for 1st week)
- Russell (increased for 1st week)
Down Trend and Up Trend is based on 50 Simple Moving Average
** Due to festive season COT Data will be delay till 31 Dec 2014 (SG Time)
** Due to festive season COT Data will be delay till 31 Dec 2014 (SG Time)
Dow tested the inner band resistance and closed lower. S&P
and Nasdaq continue to slide lower but failed to test support band and
rebounded for the week. This is the 3rd
outside day formed on Russell, while S&P formed outside day this week,
waiting for breakout but most likely will be next year.
New positions added on Thu for S&P and Nasdaq while
Russell new position on Wed when broke LHF in daily chart. I will go slow or avoid trading for last 2 weeks of the year.
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