‘Shanghai index’ Archive

Red Hot Shanghai pushed above another resistance level

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When it comes to Red Hot stock markets the Shanghai index fits the bill. Below looks at the Year-To-Date performance of the Shanghai, DAX and S&P 500 indices.

performanceshanghaidaxspyytdmay21CLICK ON CHART TO ENLARGE

As you can see the S&P 500 is lagging big time this year and even though the DAX is having a great …

Leading indicator faces dual kiss of resistance

kissinlightbulbCopper is often looked at as a leading indicator. Doc Copper has been hot of late! Over the past 90-days, Copper ranks third from a performance perspective (see table below) On a longer term basis, ole Doc Copper doesn’t have much to brag about.

performance3monthmay19For the past few years, Copper has been weak, losing over …

Shanghai Index- Hottest index creates reversal pattern, breaks support!

shanghaireversalwickfib61levelapr5CLICK ON CHART TO ENLARGE

The Shanghai Stock Market has been the hottest of the hot over the past year, up over 110%, which dwarfs the returns of the S&P 500 and Germany’s DAX index.

The rally over the past year put the Shanghai index at its 61% retracement level based upon the 2007 highs …