SiMSCI follows a 30-month cycle between late 2006 to present according to this chart. If true, local stock market is reaching a top soon followed by a bottom by end of 2018.
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.
Stock indices are looking stoppable. Why? Is it fundamentals? Technicals? There is a third explanation that however improbable, might just be the truth.
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.
Straits Times Index end-June, end-Q2 2017 performance: winners to losers shift from 27-3 in Q1 to 16-13 in Q2. This is a worsening in market breadth. In addition, charts of DAX30 and XLRE.
Stock indices update for Q1 2017. 1) Relative strength, performance between major Western and Asian indices. 2) Straits Times Index constituents ‘winners and losers’. 3) Quick look at diverging behaviour between China A50, AUDUSD to exceeding PMI data. 4) US sector performance.