Dear Readers,
There is a saying “Travel broadens your horizons”. This is why I review key international markets every weekend.
Here are some of today’s more interesting charts, with very brief comments…..
PS If you are reading this post for the first time, you may wish to follow this link to understand the reason why I do a "Tour Around the World" during the weekend.
Tokyo Stock Exchange (Nikkei)
Nikkei index closed at 17,459.85 points, up 102.34 points for the week.
Weekly Chart is in uptrend.
London Stock Exchange (FTSE 100)
FTSE 100 index closed at 6,722.6 points, down 28.2 points for the week.
Weekly Chart is uptrend.
Shanghai Stock Exchange(SSE)
SSE index closed at 2,682.83 points, up 196.04 points for the week.
SSE up 7.88% for the week after China announced interest-rate cut.
The strongest of the major markets – Over brought.
Hong Kong Stock Exchange (HKSE)
HKSE index closed at 23,987.45 points, up 550.33 points for the week.
HKSE is at resistance level.
Frankfurt Stock Exchange (DAX)
DAX index closed at 9980.85 points, up 248.3 points for the week.
DAX is at 10,000 points resistance (will it continue or reverse)?
Kuala Lumpur Exchange (KLSE)
KLSE index closed at 1820.89 points, up 11.76 points for the week.
Daily Chart MACD Histogram is ticking down.
In summary – Major market move because of China interest-rate cut. Most of the markets are over brought. We will be moving to holiday session (Christmas & New Year) soon.
Trade with care and use protective stops, to harvest profits and not to ignore the short side of the markets.
Best wishes,
Divergence Trader
The post "Tour Around the World" Weekly Market Review - 1/12/14 appeared first on Divergence Trader.
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