If there is interest I will do a "mower's short cuts" report each Sunday. I have had this idea for a while. See how it looks. The idea is to give a quick summary of a number of major markets. TA only.
No current open positions.
ASX200 @ 5429. Still in strong up-trend. (3 weeks) It is trading well above EMA10. MACD is falling but still 20+. (RSI 70!)It has touched RES at 5450 ish for last 3 days but falls back a little. On short watch for me.
FTSE @ 6806. Similar the ASX. Still in strong 3 week up-trend and well above EMA10. (RSI 65 down from 70). MACD is holding high at 25.Has touched RES at 6860 last 2 days. This level will test. On short watch. A range trade would see back to 6450!
Germany 30 (DAX)@ 9622. Looking toppy after up-trend. It has been between EMA 10 and 20 on 2 of last 3 days! MACD on way down but still fairly strong. Has touched RES around 9680 last 8 trading days! Cannot break. (RSI 57 down from 63 recently). When this one falls it often falls quickly. I am still learning this one. It does look primed for a short.
DOW @ 16109. Last 7 days has touched 16200 but could not break. A long way from recent high at 16500+. It is holding but shaky. Often has intra day range of 200 points. (RSI 54 down from 60)
China A50 @ 6797. Had a 2 month down trend and a 2 week rally. This is looking shaky now. MACD ready to cross. Been under EMA30 (just) for 4 of last 5 days!(RSI 48). If you trade this one it looks ready for a short.
JONGO I have included RSI. I am yet to research it. I hope to give better reference to it in future.
