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IF 200 -- August 29, 2011 -- 2/20

MARKETS AT A GLANCE  -  Close as of August 26, 2011
World
Price
% 5-wks
YE-2010
% YTD
Technical Insight
Global Titans 50 $
165.92
-11.90
177.10
-6.31
Index plunged, from 188 July high; negative DMAs crossover hit to further weakness ahead
America
Price
% 5-wks
YE-2010
% YTD
Technical Insight
US-DJ Industrial Aver.
11,284.50
-11.01
11,577.50
-2.53
DJIA recovered slightly after plunging to 10604 Aug. low; neg. DMAs crossover ominous of further risk
US-S&P 500
1,176.80
-12.51
1,257.64
-6.43
SPX suffered substantial technical damage by plunging to 1101 low in Aug.; neg. DMAs crossover
US-NASDAQ Compos.
2,479.85
-13.26
2,652.87
-6.52
Index sudden plunge accentuated by negative DMAs crossover; momentum remains weak
US-Wilshire 5000
12,375.81
-13.40
13,360.24
-7.37
Index in distribution pattern; negative DMAs crossover hint to further downside risk
Canada-S&P / TSX Com
12,327.50
-8.65
13,443.20
-8.30
Acceleration in distribution pattern; negative DMAs crossover; downside risk to 10900
Mexico-IPC
34,042.20
-4.79
38,550.80
-11.70
Index plunged on failed 200-50 DMA support; neg. DMAs crossover; downside risk to 31.0K & beyond
Brazil-Bovespa
53,350.80
-11.48
69,304.80
-23.02
Downtrend accelerated in Aug., followed by a moderate recovery; downside risk to 48000 & beyond
Europe
Price
% 5-wks
YE-2010
% YTD
Technical Insight
EU-DJ STOXX 50 E
2,190.44
-21.00
2,792.82
-21.57
A furious selloff in Aug. weakened substantially the overall technical picture; retest of lows likely
UK-FTSE 100
5,129.92
-13.57
5,899.94
-13.05
Distribution pattern; neg. DMAs crossover & equilateral triangle cloud future; risk to 4800+
France-CAC 40
3,087.64
-19.65
3,804.78
-18.85
Aug. plunge caused substantial technical damage; new L/T downside target 1400; risk to 2400
Germany-DAX
5,537.48
-24.42
6,914.19
-19.91
Aug. liquidation caused substantial technical damage; new L/T downside target 3400; risk to 4900
Spain-IBEX 35
8,185.50
-18.63
9,859.10
-16.98
Distribution pattern in place; neg. DMAs crossover dooms future outlook; downside risk to 6700
Italy-FTSE / MIB
14,800.00
-23.95
20,173.30
-26.64
Downtrend acceleration; negative DMAs crossover; retest of lows likely on negative momentum
Poland-WIG 20
2,313.30
-15.68
2,744.17
-15.70
Sudden selloff; lower-highs/lower-lows pattern prevails; downside risk to 2010 and to 2009 lows
Switzerland-SMI
5,323.12
-11.75
6,436.04
-17.29
June/Aug. selloff caused substantial technical damage; recovering from 4695 low; resist. at 5850
Russia-RTS Index $
1,604.10
-18.87
1,772.53
-9.50
Sudden trend reversal and negative DMAs crossover; potential L/T downside risk to 1200
Asia & Oceania
Price
% 5-wks
YE-2010
% YTD
Technical Insight
China-Shanghai Comp.
2,612.19
-5.72
2,808.08
-6.98
Moderate recovery from 2437 Aug. low; neg. DMAs crossover; downside risk to 2390; resistance ahead
HongKong-HangSeng
19,582.90
-12.75
23,035.40
-14.99
Aug. plunge caused substantial technical damage; neg. DMAs crossover; downside risk to 18400
India-Sensex 30
15,848.80
-15.35
20,509.10
-22.72
Downtrend suddenly accelerated; potential long-term downside risk to 14300; weak momentum
Japan-Nikkei 225
8,797.78
-13.17
10,228.90
-13.99
Sudden selloff positioned index for retest of March lows; potential downside risk to 7550 & beyond
S-Korea-Kospi Comp.
1,778.95
-18.44
2,051.00
-13.26
Aug. selloff and neg. DMAs crossover ominous of further weakness ahead; downside risk to 1560
Australia-All Ordinar.
4,271.00
-8.62
4,846.90
-11.88
Moderate recovery from 3929 Aug. low; neg. DMAs crossover: potential retest of lows; resistance ahead
NewZealand-NZSX 50
3,295.63
-4.45
3,309.03
-0.40
Aug. selloff; moderate recovery from 3055 Aug. low; neg. DMAs crossover; retest of Aug. lows likely
MiddleEast & Africa
Price
% 5-wks
YE-2010
% YTD
Technical Insight
SaudiArabia-Tadawul
5,979.30
-8.33
6,644.19
-1.00
Downtrend well in place; potential retest of March lows around 5400; weak momentum
UAE-DFM Gen.Index
1,465.01
-3.83
1,630.52
-1.02
Downtrend since mid-April peak at 1690; further downside risk, potentially, to 1340 & beyond
S.Africa-JSE all Shr.
29,425.10
-8.09
32,118.90
-8.39
Moderate recovery from 28305 Aug. low; wide round toppattern (2010-2011) a concern; risk to 26.0K
Note: All indices expressed in local currencies, except the Russian RTS index ($)

 

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