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Archive for the Indices Category


With a lot of India news affecting the market…

Lately there has been a lot of news about India tightening too much and then loosening a little bit of money liquidity. Bombay Stock Exchange (BSE) has a head and shoulder or it can also be a triple top. Either way, the support has been broken and the potential downside is possible. If one is […]

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Shanghai Stock Exchange (SSE) – baby shooting star but…

Today Shanghai Stock Exchange displayed a baby shooting star but it comes with a higher volume. Small candle with high volume at the top is not a good sign. Therefore watch SSE closely as it may affect HSI and also STI.

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Straits Times – short term support has to hold

It has been a very bullish run for Straits Times over the past few weeks. Over the last 4 days, it has black body candle. If STI breaks 3425 short term support, it may signal a profit taking.

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FBMKLCI – after the GE13…

Aftermath of Malaysia’s election, intermediately the day after, FBMKLCI formed a very high volume shooting star. Over the past 2 weeks after the elections, FBMKLCI has been trading within the shooting star. On Wednesday, it formed a bearish engulfing and Thurs confirmed the bearish engulfing candle. Which means caution on the long position is needed […]

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Nikkei – hit major trendline resistance

Today Nikkei hit a major trendline resistance as per highlighted in YouTube. do watch to see if there is a possible profit taking coming soon.

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S&P500 Daily chart as discussed in Webinar

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Explanation of email being sent out

About 7:00pm, I sent out this broadcast: Hi, If S&P500 closed below this morning’s low, then high probability a high is in place. After a high is a low. Therefore tonight US market could be crucial. and I got quite a few emails asking for clarification. Instead of answering one by one, I might as […]

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Shanghai Stock Exchange – support must not break

If Shanghai Stock Exchange break and close below the recent support of 2365, it would not be bullish. It may pull Hang Seng lower, which in turn may pull Straits Times lower. However the price action for STI over the last few days does not closely relates to HSI.

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Quick update…

Apologies, as today too many counters for me to post one by one. It will just take too long. So, I will summarize in here counters that have bearish candle and you open the chart yourself. It is one of those days where bears are in full attack mood. Heard it is because Hong Kong […]

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Straits Times Index – Support and resistance level

Straits Times has a short term lower high and lower low. Which means the for a potential change of trend, STI would have to go and closed higher than 3000 to create a higher high, which is also the psychology level.

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