What an ugly session for last week! All major indices plunge 3% – 6% for the week.

Coming Monday, I think we will have sharper decline for Asia Markets (Dow plunge -300 points on Fri).

Let's look at the charts......

Tokyo Stock Exchange (Nikkei)

Nikkei index closed at 17,371.58 points, down 548.87 points for the week.

Weekly MACD histogram tick down.

London Stock Exchange (FTSE 100)

FTSE 100 index closed at 6,300.6 points, down 442.2 points for the week.

Weekly Chart is downtrend, MACD histogram below zero.

Shanghai Stock Exchange (SSE)

SSE index closed at 2,938.17 points, up 0.52 points for the week.

Volatile for the week but weekly impulse still green.

Hong Kong Stock Exchange (HKSE)

HKSE index closed at 23,249.20 points, down 753.44 points for the week.

Weekly chart has shown downtrend.

Frankfurt Stock Exchange (DAX)

DAX index closed at 9,594.73 points, down 492.39 points for the week.

Weekly chart has shown downtrend

Kuala Lumpur Exchange (KLSE)

KLSE index closed at 1,732.99 points, down 16.38 points for the week.

Weekly chart is downtrend

Trade safe.

Remember to cut lose if necessary.

Best wishes,

Divergence Trader

The post “Tour Around The World” Weekly Market Review 13/12/14 appeared first on Divergence Trader.