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Category Archives: Trading Stocks, Market Indices and Futures

SPX shows reaction to 10% correction level

US stock indices struggling to stay above this level

Day to day price action suggests that US stock indices are struggling to hold on to a 10% level off 52-week high. This level is associated with ‘correction’. At 20%, it’s bear market. In absolute terms, this correction is horrid. It dwarfs ‘Black Monday’ on August 24, 2015. Delusion or meaningful?

SiMSCI weekly chart with 4-line weekly exponential moving average roadmap

SiMSCI the 6th element; there IS a change in the market

Chinese New Year is coming so there will be a 1-2 week period where a significant segment of traders go away. Low volume environment could lead to melt-up or melt-down easily (see green zone). Moving average suggest 13-week ema could become potential resistance. Could see pinball action as market fights.

SG30 (SiMSCI) chart 2015 - 04 February 2018

5 technical features in this SiMSCI chart

5 features in this chart define SiMSCI trend and risk-reward proposition for traders: 1) rising equidistant channel since late-2016 2) steep trend line from September 2017 3) February high 4) major 2015-top at 399 and lastly 5) rising month-month price action.

3-year best performance STI constituents as of 31 January 2018 (top 12)

Straits Times Index constituents January 2018 performance

Straits Times Index was up 131.07 points or 3.85% over the previous month. Out of 30 constituent stocks, 23 gained, 5 lost and 2 closed unchanged. Venture Corp takes over GLP in a special change on the index. Venture is best performing index stock over 3 years.

XLRE weekly chart late 2015 - January 2018

Signs of bearish reversal for XLRE

XLP retains it’s status as a leading bear sector in the US market. At the moment, moving averages, price action and chart pattern paint a bearish reversal setup. 1) Moving average dead cross. 2) Bearish expansion in January terminates last 4 quarters of higher lows. 3) Fallen out of equidistant channel.