Tag: money flow

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India Singapore selling pressure

Dow  Jones Total Stock Market (TSM) India Index is testing resistance at 1825. 21-Day Twiggs Money Flow mostly below zero warns of medium-term selling pressure. Expect resistance to hold followed by another test of support at 1650.

DJTSM India

* Target calculation: 1650 – ( 1800 – 1650 ) = 1500

The weekly SENSEX chart shows a similar story: the index retracing to test resistance at 17500, but 13-week Twiggs Money Flow below zero warning of strong selling pressure. Reversal below 16000 would offer a target of 14500*.

SENSEX India

* Target calculation: 16000 – ( 17500 – 16000 ) = 14500

Dow Jones Singapore Index retreated Monday. 21-Day Twiggs Money Flow below zero warns of medium-term selling pressure. Failure of support is likely and would offer a target of 200*.

DJ Singapore Index

* Target calculation: 220 – ( 240 – 220 ) = 200

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Selling pressure on ASX 200

The ASX 200 is headed for another test of 4000. 21-Day Twiggs Money Flow holding below zero warns of strong medium-term selling pressure. Failure of support is likely and would offer a target of 3500*.

ASX 200 Index

* Target calculation: 4000 – ( 4500 – 4000 ) = 3500

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European indices warn of another down-swing

The German DAX Index broke support at 5500 to warn of a down-swing to 4500*. Declining 13-week Twiggs Money Flow below zero indicates strong selling pressure.

German DAX index

* Target calculation: 5500 – ( 6500 – 5500 ) = 4500

In France, the CAC-40 Index reversed below support at 3000, led by a sell-off in French banks. Expect support at the 2009 low of 2500, though the calculated target is even lower. 13-Week Twiggs Money Flow again signals strong selling pressure.

France CAC-40 Index

* Target calculation: 3000 – ( 3700 – 3000 ) = 2300

The FTSE 100 is consolidating above 5000, but is likely to be dragged lower if major European trading partners fall. Breach of support would offer a target of 4400*.

UK FTSE 100 Index

* Target calculation: 5000 – ( 5600 – 5000 ) = 4400

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DJ Japan selling pressure

DJ Japan Index is headed for another test of support at 49.50. 21-Day Twiggs Money Flow peaking below zero warns of strong selling pressure. Breach of support would offer a target of 45.50*.

Dow Jones Japan Index

* Target calculation: 49.50- ( 53.50 – 49.50 ) = 45.50

DJ South Korea also displays a strong primary down-trend. Breach of support at 365 would offer a target of 300*.

Dow Jones South Korea Index

* Target calculation: 365 – ( 430 – 365 ) = 300

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Dow Jones 30 Indian Titans

The DJ India 30 Titans Index displays strong selling pressure, with 13-week Twiggs Money Flow falling below zero. Reversal below support at 152 would offer a target of 136*.

Dow Jones India 30 Titans

* Target calculation: 152 – ( 168 – 152 ) = 136

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ASX 200 headed for another test of 4000

Declining volume and strong red candles at the recent ASX 200 reversal warn of another test of 4000. Support at 4000 is unlikely to hold unless there is a strong spike in volume, similar to that in early August. Failure would offer a target of 3500*.

ASX 200 Index

* Target calculation: 4000 – ( 4500 -4000 ) = 3500

A longer-term view of the All Ordinaries Index shows declining 13-week Twiggs Money Flow below zero, warning of selling pressure.

All Ordinaries Index

* Target calculation: 4000 – ( 4500 – 4000 ) = 3500

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TSX60

TSX 60 Index is testing resistance at 725/735. 13-Week Twiggs Money Flow oscillating around zero indicates hesitancy. Resistance is likely to hold and reversal below the week’s low at 700 would warn of another test of support at 650/660. In the medium term, failure of support would offer a target of 580*.

TSX 60 Index

* Target calculation: 650 – ( 720 – 650 ) = 580

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Dow runs out of buyers

Dow Jones Industrial Average failed to reach resistance at 11900/12000. Low volumes indicate a lack of interest from buyers rather than large numbers of sellers. Expect a test of support at 10600 to 10800. A strong surge in volume would indicate buying support, but failure is more likely and would offer a target of 9600*.

Dow Jones Industrial Average

* Target calculation: 10800 – ( 12000 – 10800 ) = 9600

The S&P 500 Index is similarly headed for a test of support at 1100/1120. 21-Day Twiggs Money Flow peaking below the zero line [bear] warns of strong selling pressure. Failure of support would offer a target of 1000*.

S&P500 Index

* Target calculation: 1120 – ( 1260 – 1120 ) = 980

The Nasdaq 100 Index fared better over the last few weeks, but a failed breakout above 2200 warns of another test of 2000. 13-Week Twiggs Money Flow reversal below zero would further strengthen the bear signal.

Nasdaq 100 Index

* Target calculation: 2000 – ( 2200 – 2000 ) = 1800

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Shanghai Composite confirms down-trend

The Shanghai Composite Index respected resistance at 2650, confirming the primary down-trend. Expect a test of 2350. 13-Week Twiggs Money Flow reversal below zero would warn of rising selling pressure. In the long term, failure of support at 2350 would offer a target of 1600*.

Shanghai Composite Index

* Target calculation: 2400 – ( 3200 – 2400 ) = 1600

Monday’s long tail on the Hang Seng Index and higher volume indicate short-term support at 19000. Expect a rally to test the recent high at 20500.

Hang Seng Index

* Target calculation: 19000 – ( 22000 – 19000 ) = 16000

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India Singapore short-term support

The Sensex rallied Monday but on light volume. The sharp fall on 21-day Twiggs Money Flow below zero warns of strong medium-term selling pressure and support at 16000 is not expected to hold.

BSE Sensex Index

* Target calculation: 16500 – ( 17500 – 16500 ) = 15500

Monday’s long tail on the Straits Times Index also indicates short-term buying support. The sharp fall on 21-day Twiggs Momentum indicates a strong down-trend and support at 2700 is expected to fail.

Straits Times Index

* Target calculation: 2800 – ( 3000 – 2800 ) = 2600

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