Trading Stocks, Market Indices and Futures Archive
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Stock indices continue to be bullish. DAX 30 is correcting, Nikkei 225 could be correcting soon. Until 13-week ema is broken, no reason for alarm.
Keeping an eye on gold miners Barrick Gold ABX, Newmont Mining NEM and Zijin Mining 2899. There is base building. We can see a base in each chart so this could lead to continuation.
Illustrating Sembcorp Ind. price action based on the HABBSTS model made up of a 3-indicator combo: Heikin Ashi Candles, 13-week Bollinger Bands and 3-week ema displaced by 2.
Straits Times Index performs strongly in July 2017 up 3.19% from the previous month. 24 stocks advance 6 decline. Gain leader Yangzijiang Shipbuilding. Top loser SIA Engineering.
What's the next move? Is AAPL's 6% sell-off the start of a new downtrend. Or, will prices find a bottom and reclaim the upside? EWI senior analyst Jeffrey Kennedy tells us his real-time strategy.
These could be leading elements of weakness among stock indices. Likely softening due to profit taking since they are not anywhere near to sweet spot that would entice sellers to come in.