Mower's Short Cuts. ASX@5488 (+23) Trading sideways/small range for 2 weeks. Technically still in up trend. i.e. EAM10>20>30. MACD is on rise but flat really as is RSI. Latest is just > EMA10. If I HAD to open a trade it would be long.
FTSE@6865 (+35)Trading >EMA10. Had a rise, then fall, then rise for the week. MACD is +ve but flat and RSI remains high. Still at/near record levels. Showing no signs if a fall YET! A correction back to major support would see 6500. No Sign Yet!!
DAX@9641 (+38) Had a good rise early in week, got to 9812. Then fell away. Still on EMA10. MACD is still +ve, JUST. Hammer on Friday so this could bounce up off EMA20.
DOW@16493 (-85)Similar to DAX, has a rise early in week (to record) but fell away. More so than DAX. Did fall below EMA30 but has risen back to that line. The DOW, in this long bull run, has a habit of bouncing up off the EMA30 line. Looks set to do it again. Other indicators flat.
China50@6700 (+42) Had a big green early then settled back. Still in front for the week. Down trend still in place, trading OOOHHHHH! the lions:-(
Have a good week punters.
Readers come on!! have a post and tell us what you think. Mower
