Today Hang Seng up 3.8%

Just as what I mentioned somewhere end last year, once SSE reached the 75% to 100% psychology level, the fund will starts to move from one end to the other.  Here you are, today Hang Seng went up 3.8% and it come close to its first gate resistant 26390.  Second gate is 28400.  Final gate of course is Y2007 peak 31958.  Short term trader, trade with care.  Can be volatile. 

NADSAQ pull back ended?

We did not see the island top but it has a divergence and therefore we saw a continuously 4 days pull back on NASDAQ.  It came down and touched the first support 4840.  Then we saw a turn around candle on last Friday.   Could this be the end the pull back?

I prefer not.  I prefer it goes into correction.  Nevertheless, if this end the pull back and NASDAQ continues to go higher to test 5130, I will be on guard, watching the price action together with signal as a Opera House has formed, a correction may take place if thing went wrong.

DOW, same as NASDAQ - divergence with a continuously 4 days pull back and a turn around candle on Friday.  We are moving into the 1Q15 companies report.  The result will affect the direction of NADAQ, DOW and S&P.  On top of that, this week we have some important reports like the PMI, Non-Farm......which will affect the market too.  So watch out on that.

What about STI?  23 and 25-Feb, its tested 3453 but failed.  Once again, it is testing the resistant.  We saw a positive candle on Friday.  But then on Future, SIMSCI had a shooting star close the resistant level.  I will be watching on price action together with indicator.

Watch out for a possibility pull back on NASDAQ

NASDAQ 15 year high

NASDAQ - after breaking FIBO 100%, it continues riding small step. If this ride continue, watch the important resistant 5080 to 5130 (15 years back / history high).  FIBO 168% (5230) is also around there. 

 

Every countries are printing money

STI is coming close to its 3453 to 3465 resistant.  Profit taking may take place.

6 weeks had gone.  As you can see the global market whether is US, Europe or ASIA, they were volatile.  Just look at China A50 Future, its one day fluctuation can go more than 5%.

22-Jan, European Central Bank (ECB) announced that it will inject €1.1 trillion (£834bn) into the ailing Eurozone economy.  It means ECB will buy €60bn bonds each month from banks until end of Sep 2016, or even longer.

Today Sweden also announced cutting its interest rate from 0% to -0.1%.  On top of that, they launched a programme of quantitative easing, buying government bonds which worth 10 billion kronor ($1.2bn) to inject cash into the economic. 

So when you think will US going to raise their interest rate when every countries are printing money.  With this PM, we saw DAX reached new high.  What about the US and ASIA, where are they heading to?  My posted on 27-Dec is still valid like Shanghai market now at wave 2.  Its first major resistant at 3400.....whenever US market reaches a new height, the fear comes in.........http://achua138.blogspot.sg/2014/12/y2015-is-going-to-be-volatile.html 

SGX

Keppel Land