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.
I posted a number of negative signals coming from forex, crude oil and then specific sectors in the US market i.e. Utilities and Energy, the last few days.. I see a confluence. Today I share a chart of the Straits Times Index for Singaporean readers.
Straits Times Index almost unmoved in Q4, languish in 2016. Q4 gain leaders among blue chips are Golden Agri, Genting Singapore which jumped into lead at end of year based on strong performance in last quarter.
What if the Straits Times Index is printing a stock distribution pattern? That this sideway movement merely bought a year of delayed action to the next leg?
Q3 2016 update tracking winners, losers performance of Straits Times Index component stocks. Sembmar was removed from the STI effective 19 September replaced by Jardine Matheson Holdings.
Q2 2016 quarterly update tracking winners, losers performance of Straits Times Index component stocks. Last two weeks of quarter rocked by post-Brexit volatility, v-shaped recovery.
EEM, HSI, SiMSCI and China A50 are strongly correlated. They appear to be topping/have topped which is a confluent signal that should not be ignored.