The world markets fears about the happenings in the Ukraine seem to have abated somewhat as reflected in the indices.....
US – trending up, after a small correction
CHINA -very strongly trending up
JAPAN – trending sideways
EUROPEAN STOCKS - trending down ......
there has been a 10% drop in the DAX and the CAC and a 15% drop in the RUSSIAN index .......the DAX and the Russian index have both reversed back up by approx. 2% and 3%....
Our index seems to have established a new 2 month trading band which is still upward trending.. The sectors -
Resources trending up
Energy trending sideways
finance trending very slightly up
Consumer discretionary trending up
Consumer staples trending up
Health trending sideways
Industrials trending up
information technology trending sideways
utilities trending sideways
property trending up
telecommunications trending strongly up
(the above assumed trends are based on applying a linear retracement band over a period of 2 months ..... i have found that the 2 month period on average gives a reasonable indication of trend..... but certainly not always .... )
