Copper, DAX30 and FT100 show different but compelling potential bearish reversal setups. DAX30 and FT100 are loss leaders among major stock indices. Copper prices on the other hand has a positive correlation with stock indices so bearish setups in these three should be treated as confluent signals.
End of Q3 2017 (quarterly) and end of September (monthly) performance of Straits Times Index Constituents. This quarter we see Jardine Strategic replace SIA Engineering w.e.f. 18 Sep.
Follow up on stories published in the last two weeks: FTSE, SATS S58 and XLP. New chart ‘Is USDJPY going down from here?’
Despite the severe bearish action around the globe yesterday following Kim’s missile flying over Japan and a sharp, not-unexpected u-turn during US trading hours, stock indices really did not make any significant move. Major indices are still trapped between last week’s (Jackson Hole) range except for DAX. It is a loss leader…
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.
An overlay of FTSE, DAX and CAC shows that FTSE has recovered losses associated with Brexit while DAX and CAC languish. This may not be indicative of future trend but stock market sees DAX and CAC more pessimistically at moment.
First results are expected at around 0800hrs or 8.00am tomorrow morning 24 June 2016. Clear picture by 1100hrs or 11.00am. Final declaration expected around 1400hrs or 2.00pm. Singapore time GMT+8.