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Posts Tagged ‘52 week high/low’

Emerging Markets – Can’t get past the (inflation) hump?

February 7, 2011 Leave a comment

Where are emerging markets going? Do the emerging market central banks and Treasurers have the balls to stop inflation or they can’t live without the growth on stereoids?

The MSCI iShares Emerging Markets index has failed twice to break the 2008 highs… are we heading lower to test May 2010 levels or break the 2008 highs?

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World Stock Markets near 52 Week Highs

October 26, 2010 Leave a comment

Close to overbought territory… Japanese equity markets clobbered due to 15-year high Yen.

World Equity Markets – Performance from 52 week high/low

September 21, 2010 2 comments

Equity markets in India and Canada are just shy of their 52-week highs! Chinese stocks are struggling to reach new highs and could very well be on their way down

Actually, the SENSEX has reached new 52-week highs in recent days and is up 25% from its May 2010 lows.

World Market Indices from 52 Week High/Low

June 30, 2010 Leave a comment

How much have major stock markets worldwide dropped from their 52-week highs after yesterdays 2-4% drop?

Source: Google Finance, WSJ

Where do we go from here? Most bearish commentators expect a 20-30% correction from the recent peak (52-week high) before another sustained rally… Can we expect another 5-15% drop? Is the correction almost over or are we in for more downside?

Yesterday I pointed out the bearish technical signals on the S&P500 charts which – here are charts for some of the markets above with similar signals (mostly bearish)

UK – FTSE 100

FTSE 100 Technical Analysis - 30Jun2010

Chart Souce: stockcharts.com

Japan – Nikkei 225

Technical Analysis of Nikkei 225 index as of 30Jun2010... Price & MACD moving in opposite direction creating negative divergence & price-action confirmed by death cross - 50-day SMA crosses 200-day SMA

Chart Source: stockcharts.com

 

Canada – TSX Composite Index

Technical Analysis of TSX Composite index as of 29Jun2010... Price action indicates an ascending triangle and a possible continuation pattern...

Chart Souce: stockcharts.com