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BBC News – Business- HSBC machines hit by IT failureUK customers of HSBC report problems using cash machines, making card payments and online transactions, but the bank says the problem is fixed. […]
- Bleak times for Calcutta businessPolitical change in Calcutta isn't working for eithers […]
- Jubilee: Your rights to a day offYour rights to a day off to mark the Diamond Jubilee […]
- What next if Greece quits the euro?What happens if Greece quits the euro? […]
- US firms put principles before profitsThe US firms putting social values before chasing the highest profits […]
- Smaller engines drive petrol revivalSmaller engines drive petrol revival […]
- Report 'to urge cutting red tape'The prime minister is this week expected to back a plan to help boost growth by cutting employment red tape. […]
- Euro banks 'in tatters' - ClarkeFormer chancellor Ken Clarke says Europe's banking system is "in tatters" and warns the UK is "heavily exposed" to potential problems. […]
- Balls warns of cuts 'catastrophe'Labour's Ed Balls warns the world economy faces a "catastrophe" unless Germany abandons pressure on eurozone countries to cut public spending. […]
- Obama: EU 'must focus on growth'US President Obama wraps up a G8 summit saying that leaders agree economies must focus on jobs and growth to boost recovery. […]
- HSBC machines hit by IT failure
- Reuters: Business News
- G8 growth talk leaves wary markets awaiting action(Reuters) - A pledge by leaders of industrialized nations to help the troubled world economy is unlikely to herald quick new action by Europe on its debt crisis, meaning more uncertainty for nervous financial markets. […]
- Apple, Samsung CEOs set for court talksSAN FRANCISCO (Reuters) - The chief executives of Apple Inc and Samsung Electronics Co Ltd are used to running the show at their global tech empires, but they will be in for a different experience when they arrive at a San Francisco federal courthouse on Monday. […]
- Facebook shares could fall below IPO price: Barron's(Reuters) - Shares in social media company Facebook Inc could fall below the initial public offering price of $38, Barron's wrote in its May 21 edition. […]
- Insight: China pays high price to spare state firm from bankruptcyWEIFANG, China (Reuters) - The Chinese official was adamant the city of Weifang would keep its rayon factory open, noting that local authorities had just stepped in to help the plant's owner repay $60 million in commercial paper. […]
- Euro zone row gets fat pay rise for German workersBERLIN (Reuters) - A record-breaking pay deal will give millions of German workers their biggest rise in wages in two decades, boost consumption in Europe's biggest economy and help towards adjusting the regional imbalances that have caused severe tensions within the euro zone, analysts said on Sunday. […]
- U.S. banking laws unable to stop JPMorgan loss: Republican BoehnerWASHINGTON (Reuters) - U.S. banking reforms could not have prevented JPMorgan Chase & Co's trading losses, and those involved in the activities that went awry should be held accountable, U.S. House of Representatives Speaker John Boehner said in an interview aired on Sunday. […]
- Wall Street Week Ahead: Market is oversold, but major signs say "sell"NEW YORK (Reuters) - Normally a big decline would set up Wall Street for a technical rebound. But that may not be the case this week, even after the market posted its worst weekly loss for the year and the S&P fell for six straight sessions. […]
- Weaker euro zone nations need more support from core: UKLONDON (Reuters) - The euro zone can protect its currency if its stronger countries provide more support for the weaker to help them deal with their problems, British finance minister George Osborne said in a newspaper on Sunday. […]
- Status update: Facebook's Mark Zuckerberg gets married(Reuters) - Facebook co-founder and CEO Mark Zuckerberg wed longtime girlfriend Priscilla Chan on Saturday, announcing the nuptials through a status update on the social networking site. […]
- China state-run businesses to invest 350 billion yuan in ChongqingBEIJING (Reuters) - Thirty of China's biggest state-owned businesses have signed contracts worth about 350 billion yuan ($55.3 billion) with the southwestern municipality Chongqing, Chinese media reported on Sunday, in a sign of Beijing's determination to bolster confidence in the city formerly run by ousted leader Bo Xilai. […]
- G8 growth talk leaves wary markets awaiting action
where charts come alive
Archive for the ‘Indices’ Category
S&P500 Daily chart as discussed in Webinar
By jonathan on Friday, May 4th, 2012 | No Comments
Explanation of email being sent out
By jonathan on Thursday, March 29th, 2012 | No Comments
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 [...]
Read More...Shanghai Stock Exchange – support must not break
By jonathan on Wednesday, March 21st, 2012 | No Comments
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.
Read More...Quick update…
By jonathan on Monday, March 19th, 2012 | No Comments
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 [...]
Read More...Straits Times Index – Support and resistance level
By Jonathan on Friday, March 9th, 2012 | No Comments
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.
Read More...Hang Seng Index – trading within 1 candle
By jonathan on Wednesday, February 15th, 2012 | No Comments
If you look closely, HSI over the last few days are trading inside 1 candle range. This is the candle that you need to pay attention if you want to look for any signs of bullish or bearish. Hang Seng is at resistance now over the last few days, either it is having a bullish [...]
Read More...Hang Seng – Support and resistance level
By Jonathan on Wednesday, January 11th, 2012 | No Comments
Market always are forgetful. When it is bullish, it forgets the bad news, and when it is bearish, it conveniently forgets the good news. And it keeps on recycle it over and over again. Now that market is rallying, all I want is for market to go higher so that we have a clear direction. [...]
Read More...Straits Times – Resistance with a shooting star
By Jonathan on Thursday, January 5th, 2012 | No Comments
STI formed a shooting star at trendline resistance and 2 moving average resistance: 50 and 100 days. With a lot of counter at overbought, it is possible that there may be profit taking coming, but all shall depends on Europe and USA. We may be close but maybe still a small tiny tiny bull left? [...]
Read More...Hang Seng – Broke out from symmetrical triangle
By Jonathan on Wednesday, January 4th, 2012 | No Comments
According to the price projection for a symmetrical triangle, it projected that there is a possibility that Hang Seng could go to 20350. But do take note that this is just a possibility. Will it happen, we will know in few days/weeks. Right now if you are thinking about entering tomorrow onwards, do note that [...]
Read More...Shanghai Stock Exchange – hammer seen
By Jonathan on Wednesday, December 28th, 2011 | No Comments
Shanghai has been dragging down the regional indices and today formed a hammer. If SSE can rebound from here, there would be bullish divergence seen. Perhaps it is a sign that it can turn around? Do take note of the low volume trading week.
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