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The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

N.B.
* The content in my articles is time-sensitive. Each one shows the date and time (New York ET) that I publish them. By the time you read them, market conditions may be quite different than that which is described in my posts, and upon which my analyses are based at that time.
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* From time to time, I will add updated market information and charts to some of my articles, so it's worth checking back here occasionally for the latest analyses.

DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...please read my full Disclaimer at this link.

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Saturday, November 12, 2011

India & Hong Kong...signalling weakness to come?

The Indian Bombay Stock Exchange Index traded contrarily to other countries on Friday with a gap down, as shown on the Daily chart below...it's sitting just below recent horizontal and trendline support, with indicators downward-sloping...another one to watch...will see what next week brings.


Hong Kong's Hang Seng Index also traded contrarily to the world markets with a gap down on Thursday and a failure on Friday to fill the gap, as shown on the Daily chart below...it's sitting just above horizontal support but below recent rising trendline support, with indicators downward-sloping...another one to watch.

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