Hey Folk
Let look at some of the major market
Singapore Market weekly chart the equivalent of STI.
Look at the chart. It span from 2011 to now. Our STI are already in the
bear market since last year. I do see some divergent in the indicators. So I
think a rebound is due. But this is a rebound in a bear market and given the weakness of this market, when the strong market rally it might just have minimum influence on the upside.
Anyone wish to participate in this market have to be cautious. Also I
did say before that our exchange is really dead. There is not much volume.
This is China A50. A ETF equivalent to SSE. This is a weekly chart
This is a wild market. It went up wildly start of 2015 and came down
within the same year. This market is not in a bear yet. If it break up around
11,000 area and stay, this market is charging again.
From the indicator, it say to me that there are no more strength to the
downside. From price point of view it did not break the previous low, which is
a pivot point on that week of 23 Aug 2015.
This is Nikkei equivalent. This is a weekly chart
This market is not in bear yet too. It actually follow very closely to
the S&P500 market. This market still have strength.
This is EuroStoxx. This is a weekly chart.
Still have strength to move higher. Not a bear yet. Just a change of
trend from up to down. Comparing to Nikkei, this market is stronger.
From indicators, there are divergent.
This is Dow Jones weekly chart
The Strongest market in the world. All indicators tell me there is a
upmove.
I forecast a rally coming end of Feb. This will be a last leg. However, that is just a forecast. Along the way, I have to see the accumulation and other correlations.
So the strongest to the weakest market Dow, EuroStoxx, Nikkei, Chinaa50, STI.
We will find that Asia have the weakest market. Eg of some are Taiwan, KL, Korea etc
US President have announce on the State of Union speech that America is at the best now and still the world best. I think they will still lead the way.
China is the second best and still the second best now. Prior to the crisis all raw materials are purchased by China thus all the high prices. Now they are not buying that why all commodities are at very low price which in turn affect a lot of emerging market due to their economy structure.
Take a look at abalone, is it cheaper now??
Also low oil price actually is the cause of not so good economy, but also mean lower cost of doing business which make economy better.
Cheer
