Dear Readers,
Singapore Markets don't exist in isolation. This is why I review 14 International markets every weekend.
Here are some of today's more interesting charts, with brief comments...

Nikkei (Japan): -1.28%. Japan's Nikkei hits another 15 years high, But the daily chart showing a false upside breakout with a bearish divergence. Caution!

HKSE (Hong Kong): +1.4% Hong Kong stocks market climbed to the highest level since Dec 2007. But MACD histogram is ticking down. Caution!

SSE (China): +6.27% Shanghai market hit 7 years high since 2008. But any weakness from these levels would flash a nasty fall. Super alert!

DAX (Germany): -5.54% DAX plunge 686 points; it is the most in 4 months. Caution!

S&P 500 (US): -1%. The strongest of the major markets but daily chart is showing bearish divergence. Caution!

In Summary: From Good to bad news around the world. Now is time to be fully awake - waterfall declines can happen very fast.

Let’s turn to our Singapore market…….

STI Open: 3,476.03

Week High: 3,549.85

Week Low: 3,475.14

STI Closed: 3,525.19

Price Change: +52.81

Percentage Change: +1.52%

Total Volume: 1.192 billion

STI Weekly Chart is still showing uptrend but the daily MACD histogram has tick down.

CADI, market breadth indicator for STI is starting to tick down.

And so, what's ahead for next abbreviated week?

A lot of choppiness, I think, as the exhausted bull stumbles. Watch out STI 3,460 level, this is the level of the support.

I would be quite concerned China market. A 33% rally in the Shanghai market since the beginning of the year, China decided to stop this bubble before it is getting out of hand. In the month of Mar, 5.75 million new broker accounts were open by retail investors in Shanghai and Shengzhen. So be super alert on S-Chips, please use hard stops for China-related stocks if you have position.

This bull market has built up a lot of inertia, but be cautious.

It is not a good time to be opening new trades. It is time to harvest profits and reduce exposure.

I have sold off my Genting Sing, Ezra, Tritech, Dyna-Tech, Darco Water

Best wishes for the coming week,

Divergence Trader

The post A New Set Of Worries – Weekly Review For 20th Apr 2015 appeared first on Divergence Trader.