Welcome and thank you for visiting!

The charts and comments in my Blog (posted in Eastern Time) represent my technical analysis and observations of a variety of markets...
*World Indices *U.S. Indices *Futures *U.S. Equities & Sectors *ETFs *Commodities *Forex
...an expanded version of the "Observations" section in my private Daily Trading Journal.

*** N.B. to my readers: Although I stopped trading in July 2013, I still take a peek at the markets now and then and post the occasional article here on my Blog.

Paris

Paris

Important Updates on World Market Index

*** N.B. Important updates (the latest one is May 22nd) on World Market Index found at this link...

EVENTS

UPCOMING ECONOMIC EVENTS...
* Mon. May 25 ~ U.S. Holiday: Memorial Day...markets closed
* Fri. May 29 @ 8:30 am ET ~ GDP + last trading day of the month
* Wed. June 3 @ 2:00 pm ET ~ Beige Book
* Tues. June 16 ~ 2-Day FOMC Meeting begins
* Wed. June 17 @ 2:00 pm ET ~ FOMC Meeting Announcement + 2:30 pm ~ Fed Chair Press Conference + FOMC Forecasts

Saturday, November 12, 2011

India & Hong Kong...signalling weakness to come?

The Indian Bombay Stock Exchange Index traded contrarily to other countries on Friday with a gap down, as shown on the Daily chart below...it's sitting just below recent horizontal and trendline support, with indicators downward-sloping...another one to watch...will see what next week brings.


Hong Kong's Hang Seng Index also traded contrarily to the world markets with a gap down on Thursday and a failure on Friday to fill the gap, as shown on the Daily chart below...it's sitting just above horizontal support but below recent rising trendline support, with indicators downward-sloping...another one to watch.