From SB company shows the global variance in markets.
Month-to-date (in USD terms to create a level playing field) the China CSI 300 is up 8.3%, Hang Seng +7.1%, ASX 200 +3.8%, Nikkei 225 +2.5% and Jakarta index +6.8%. Turning to the West, in the same time the S&P 500 is up 0.5%, FTSE flat, DAX -3.8%, IBEX -2.2% and Eurostoxx 600 -3.2%
US GDP before the open and FOMC couple of hours before the close.
Interesting stuff
Any idea who the leaders and laggers are (east or west)
Short Hang seng looks a no brainer if east follows west! :idea:
I got beaten on that move up. Is there a gap now?
The good news from twitter is going to mean rampant speculation in social media/internet stocks. This is not a good thing from a valuation perspective. Also healthcare is still being pumped far too much. Fortunately, this doesn't affect the Dow too much, which has enough vol of its own.
Get ready for the bounce
16820
Get ready for the bounce
16820
1960-1962 on S&P could be a good place for a reversal..would need to watch DTOSC/MACD on H4 and H1 for confirmation.