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Legend Securities Daily

Curated finance and investing news from our community of thought leaders

Tuesday
Jan282014

Hong Kong Begins to Turn Bearish -A Technical Look at Developed Markets 

RTA Real Time Analytics

Hong Kong Begins to Turn Bearish

-A Technical Look at Developed Markets

 

Bullish markets have a rising 140 day moving average

Bearish markets have a declining 140 day moving average

 

Neutral markets have a mostly flat 140 day moving average

-Neutral markets highlighted white are not trending in a any particular direction

-Neutral markets highlighted green are trending bullish

-Neutral markets highlighted red are trending bearish

 


 Hong Kong Begins to Turn Bearish

 

Hong Kong has been bullish since last October trading over its rising 140 day moving average

-However the market has now gaped below its 140 day on higher volume breaking an uptrend

-As the market trades under its 140 day the average will turn down turning Hong Kong bearish

-Odds favor that Hong Kong trades sideways to down in the weeks ahead

-We would note that China has been persistently bearish since July, an outlier in world markets

 

 

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