Global Market Review

HSI

short term bearish but strength entering market, currently having a good technical rebound. near term target / resistence will be 28200 level. more strength is needed before the bullish sentiment can enter to change the trend. probability favors the bulls.

mid term bearish but rebounding off support region creating a double bottom formation. aggressive traders would have entered on the long last fews days while market hovers in the support region. while this is a base formation, we still have to take note of market weakness. more strength is needed before the bulls can even start to take control.

long term bullish, this is still seen as a correction rather then a bear market. so until the market proves otherwise, play your long term cards under the rules of the bulls.


STI

this little brother is following the footsteps of Mr Hang. so market situation is more or less similar. one area to note is that the strength entering STI is not as convincing as HSI, so dont be surprise if there is a slight divergence in performance. target / resistence at 3500.


Nikkei

market situation is similar to STI. Main difference lies in long term which is much weaker and bearish compared to STI and HSI. target / resistence at 15500.


DJI

this market is similar to HSI except that in the mid term, although bearish, the strength entering here is more prominent. likely to retest mid term high at 13800 levels.


Global markets are calling for bulls in the short term. the strength of this run up will determine the change in short and mid term trend from bearish to bullish. weakness in this bull run might result in a fast downward plunge pass the mid term support zone as bears are still holding the big cards here. so take your positions during pull backs and have proper protective cut loss if this is a false thrust. if you are going for stocks, be selective, go for the stronger ones as weaklings will not react well to market rallys when bears are holding the cards.


enjoy your weekend and feed your fish... cheers