Hello from Singapore. Thank you for visiting my blog. Although majority of my visitors are from Singapore.

I notice i have visitors from Malaysia, United States, Vietnam, Qatar, Australia, Switzerland, Indonesia, Taiwan, Thailand, UK, Australia & Japan.

Once again welcome to my “Tour around the world” Stock Market. If you are first time reading this post, you can follow the link to know why I do a tour around the world during the weekend.

As promised, I will review several important markets worldwide.

Tokyo Stock Exchange (Nikkei)

Nikkei index closed at 17,490 points, up 610 points for the week.

This bull run still intact but daily chart index is our of the upper channel. I am expecting a pull back as the bull need to rest before he can continue.

London Stock Exchange (FTSE 100)

FTSE 100, The London Stock Exchange closed at 6,654 points, Up 87.2 points for the week.

FTSE 100 has recover very nicely since 17th Oct FTSE 100. MACD histogram is ticking up. Market is still in uptrend mode.

Shanghai Stock Exchange(SSE)

SSE closed at 2,478 points, up 60.52 points for the week.

And 17th Nov 2014 will launch Shanghai-Hong Kong stock connect. However, the weekly chart is showing that SSE index is at the peak of 2012.

SSE is still in uptrend but the weekly chart has reached the upper channel, I will not buy at this point of time and I am not smart enough to sell short when it is still in uptrend. Stay sideline and watch the show.

Hong Kong Stock Exchange (HKSE)

HKSE closed at 24,087 points, up 537.14 for the week.

HKSE and SSE will be the main attractive for Asia market for the week. From the chart, MACD histogram is ticking up. and Impulse is green (You can long or stay sideline but no selling short).

Frankfurt Stock Exchange (DAX)

Frankfurt Stock Exchange, DAX closed at 9,252.94, down 38.89 points.

The reason why I showed daily chart is because DAX is at support level and MACD histogram is ticking down. Stay caution. Support may break. DAX looking weak.

Kuala Lumpur Exchange (KLSE)

Kuala Lumpur Exchange (KLSE) closed at 1,813.79 down 10.4 points.

As I posted in my last week review, “The bull of KLSE is looking tired. There will be a short term downtrend. Stay caution!”

And for the coming week, If I am Malaysia trader/investor i try not to have any long position. MACD histogram is showing “missing right shoulder”. Stay caution.

In summary. all major markets still in uptrend except a DAX and KLSE.

I keep reminding myself try not to be clever but to follow the trend. Let’s stay with it when it is continuing to move up.

If you have any market that you want me to include, please leave me a comment.

Best wishes from Singapore

Divergence Trader Francis

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