All markets headed south last week with the Global stock index down 2.4%.
SP500 needs to close above 1850 this week for the Bulls. Bears will be looking for a move down to 1800
FTSE needs to close above 6600 for the Bulls. More likely the market will test 6400 and Bears will target 6000 by start of April.
DAX needs to close above 9200, more likely it will test 200ema (8800).
Japan is now heading south with a dramatic 6% loss last week. Continued weakness into the summer could see N255 retest 12500
Gold broke above $1350. Look for Gold to trade between $1350-$1400 this week.
| Sector | Fund | Price | Daily Stop | Weekly Stop | Target | When | |
|---|---|---|---|---|---|---|---|
| USA | SP500 | 1841 | 1853 | 1839 | 1825 | 21 Mar | |
| UK | FTSE | 6528 | 6555 | 6600 | 6400 | 21 Mar | |
| Europe | DAX | 9056 | 9200 | 9380 | 8800 | 21 Mar | |
| Japan | N225 | 14327 | 14750 | 15000 | 14000 | 21 Mar | |
| Comm | Gold | 1382 | 1360 | 1350 | 1425 | 03 Apr |
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