A VERY quiet day, players are satisfied to keep the mkt at a neutral range and wait for next week.
A negative week, -2%, and holding above 1150. Negative outlook continues unless the mkt can clear 1170 next week.- green area. In the meantime, downwad momentum and risk will expand to 1120++ ( 50% adjustment ) next week if 1150 fails to hold.
Short-term selling below 1150 is recommended early next week.
This week, despite DJ strong gains towards the end of the week, regional was sluggish. While its easy to point fingers at China, DJ's 3-day winning streak also came about where yen ( $/Y) and US T-10y price hit multiple mths high. – meaning “global fund” are not investing in equity this week…probably for the rest of the mth ! Too vague and complicated…I think just stick to charting.
This week, despite DJ strong gains towards the end of the week, regional was sluggish. While its easy to point fingers at China, DJ's 3-day winning streak also came about where yen ( $/Y) and US T-10y price hit multiple mths high. – meaning “global fund” are not investing in equity this week…probably for the rest of the mth ! Too vague and complicated…I think just stick to charting.
No comments:
Post a Comment