I wish happy holidays to all - a maximum of peace and joy.
As we prepare for the shortened trading week ahead, let's take a look at the major markets indices...

Tokyo Stock Exchange (Nikkei)

Nikkei index closed at 17,621.4 points, up 249.82 points for the week.

It is still in uptrend. Support will be at 16,400.

London Stock Exchange (FTSE 100)

FTSE 100 index closed at 6,545.3 points, up 244.7 points for the week.

All markets looking good when US markets had a 700 points rally in 2 days.

Shanghai Stock Exchange (SSE)

SSE index closed at 3,108.6 points, up 170.42 points for the week.

Watch for the resistance level at 3,130.SSE still in uptrend.

Hong Kong Stock Exchange (HKSE)

HKSE index closed at 23,116.63 points, down 132.56 points for the week.

Stay caution on HKSE as it is still in downtrend.

Frankfurt Stock Exchange (DAX)

DAX index closed at 9,786.96 points, up 192.23 points for the week.

DAX is at resistance level.

Kuala Lumpur Exchange (KLSE)

KLSE index closed at 1,715.99 points, down 17.00 points for the week.

Weekly chart is downtrend, support at 1,660 level.

As the holiday season approaches volume will begin to thin out. There are many that have closed the books for the year.

These thinly traded markets allow many stocks to be easily pushed around.

Best wishes,

Divergence Trader

The post “Tour Around The World” Weekly Review 22/12/14 appeared first on Divergence Trader.