Singapore Straits Times Index Archives - Page 4 of 4

February 21, 2012

India Singapore breakout

India’s Nifty Index broke through resistance at 5400, following breakout from its downward trend channel, to signal the start of a primary up-trend. Recovery of 63-day Twiggs Momentum above zero strengthens the signal.

NSE/S&P Nifty Index

* Target calculation: 5400 + ( 5400 – 4600 ) = 6200

The Sensex Index broke through 18000 to confirm the Nifty signal, following an earlier bullish divergence on 13-week Twiggs Money Flow. Target for the advance is 21000*.

BSE Sensex Index

* Target calculation: 18000 + ( 18000 – 15000 ) = 21000

Singapore Straits Times Index cleared resistance at 2900, signaling a primary up-trend. Recovery of 63-day Twiggs Momentum above zero strengthens the signal. Expect retracement to test the new support level.

Singapore Straits Times Index

* Target calculation: 2900 + ( 2900 – 2600 ) = 3200

February 6, 2012

Singapore breakout and Indian buying pressure

BSE Sensex broke out of its trend channel last week, signaling the primary down-trend is weakening. A sharp rise in 13-week Twiggs Money Flow confirms buying pressure. Breakout above 18000 would indicate the start of a new up-trend, with an initial target of 20500*.

BSE Sensex Index

* Target calculation: 18000 + ( 18000 – 15500 ) = 20500

Singapore Straits Times Index held onto its gains, closing the week above 2900. Expect a primary advance with a target of 3200*.

Singapore Straits Times Index

* Target calculation: 2900 + ( 2900 – 2600 ) = 3200

November 14, 2011

India & Singapore

The BSE Sensex found support at 17000, rallying to 17300 Monday. Breakout above 18000 would offer a target of 19000 — and breach of the descending trendline would warn that the primary down-trend is weakening. Reversal below 17000 remains as likely, however, and would test primary support at 16000. Twiggs Money Flow oscillating close to zero indicates uncertainty.

BSE Sensex Index

* Target calculation: 18 + ( 18 – 17 ) = 19

Singapore’s Straits Times Index found medium-term support at 2750 last week before rallying to 2840 Monday. 63-Day Twiggs Momentum deep below zero continues to indicate a primary down-trend. Failure of support at 2750 would test primary support at 2500, while breakout above 2900 would offer a target of 3200*.

Singapore Straits Times Index

* Target calculation: 2900 + ( 2900 – 2600 ) = 3200

November 7, 2011

India Singapore

The weekly chart of India’s Sensex shows the index testing resistance at 18000 — which coincides with the descending trendline. Upward breakout would indicate that the primary down-trend is weakening, while respect would test primary support at 16000. 13-Week Twiggs Money Flow remains weak, despite earlier bullish divergence, and reversal below zero would warn of renewed selling pressure.

SENSEX Index

* Target calculation: 16 – ( 18 – 16 ) = 14

Singapore’s Straits Times Index is testing resistance at 2900. Respect would signal another test of primary support at 2500. Declining 63-day Twiggs Momentum continues to signal a primary down-trend.

Singapore Straits Times Index

* Target calculation: 2500 – ( 2900 – 2500 ) = 2100

November 3, 2011

India, Singapore and China

India’s Sensex index retraced to test the new support level at 17500. The primary trend remains downward but respect of support at 17500 would confirm a rally to the descending trendline. Bullish divergence followed by a cross to above zero on 13-week Twiggs Money Flow indicates buying support.

BSE SENSEX Index

* Target calculation: 17 + ( 17 – 16 ) = 18

The Singapore Straits Times Index is testing the band of resistance at 2900/2950. Respect would indicate another test of primary support at 2500, while breakout would offer a target of 3300*. 63-Day Twiggs Momentum below zero indicates that the index is still in a primary down-trend.

* Target calculation: 2900 +( 2900 – 2500 ) = 3300

Dow Jones Shanghai Index is advancing to resistance at 330 and the descending trendline. Respect would indicate another primary decline, with a target of 250*, while breakout would signal that a bottom is forming.

DJ Shanghai Index

* Target calculation: 290 – ( 330 – 290 ) = 250

October 26, 2011

Asia monthly charts

Monthly charts help fit the current market action into a long-term perspective. The Nikkei 225 index broke support at 9000 and is likely to test the 2009 low of 7000*. 63-Day Twiggs Momentum respecting the zero line (from below) confirms the primary down-trend.

Nikkei 225 Index

* Target calculation: 9000 – ( 11000 – 9000 ) = 7000

The Seoul Composite found (primary) support at 1650/1700, followed by a reaction to 1900. Declining 13-week Twiggs Money Flow warns of selling pressure. Respect of resistance at 1900 is likely, which would indicate another test of primary support.

Seoul Composite Index

* Target calculation: 1700 – ( 1900 – 1700 ) = 1500

The Shanghai Composite index is testing support at 2400. Failure would confirm the strong primary down-trend signaled by declining 63-day Twiggs Momentum.

Shanghai Composite Index

* Target calculation: 2500 – ( 3500 – 2500 ) = 1500

The Hang Seng index is retracing to test resistance at 20000. Declining 13-week Twiggs Money Flow warns of selling pressure. Respect of resistance, would indicate another test of 16000.

Hang Seng Index

* Target calculation: 16 – ( 20 – 16 ) = 12

India’s SENSEX is headed for a test of resistance at 17500/18000 after a small bullish divergence on 13-week Twiggs Money Flow indicated buying pressure. Respect of 18000 would warn of another test of 16000.

SENSEX Index

* Target calculation: 16 – ( 18 – 16 ) = 14

Singapore’s Straits Times Index is in a similar position. Respect of resistance at 2900 would signal another test of 2500. Failure of support would confirm the strong primary down-trend signaled by declining 63-day Twiggs Momentum.

Singapore Straits Times Index

* Target calculation: 2500 – ( 2900 – 2500 ) = 2100