Monday, 28 June 2010

Global Markets turn NEGATIVE on 22 June

Global stock markets gave a BUY signal on15th June have now switched back to a SELL signal on 22nd June. Only Germany and Hong Kong is still looking positive. FTSE needs to hold above 5000 for a Summer rally to have a chance of reaching a target 5550.

Index 10ema 20emaDate Trade Price Stop Target
ASX 4490 4487 22Jun SELL 4565 4552 4300
DAX 6148 6107 10Jun BUY 5975 6000 6400
FTSE 5166 5184 15Jun SELL 5275 5130 5000
HSI 20739 20737 14Jun BUY 19770 20500 21000
N225 9912 9918 22Jun SELL 10100 10100 9400
SP500 1092 1096 22Jun SELL 1100 1114 1050
SSEC 2565 2585 19Apr SELL 3100 2700 1750



No comments:

Post a Comment