InvestMoneyLab

Last week, I was seeing Nasdaq leading the US stock market and there is a possibility that Nasdaq can lead the reversal on Dow Jones & S&P500. I was a bit uncertain about Dow Jones and S&P500 stock market trends because I saw a possible ascending triangle formation on Dow Jones.

However, the ascending triangle did not realized. Instead, the market crashed and broke the support on the upward ascending triangle. That showed that the market is still not accepting the bull to return.

Let’s take a look at what is the US stock market trends this week!

I have been scanning the Singapore markets for stock picks near the resistance and support. Likewise, I continued my daily practice to screen for the some stock market picks today.

I found Hyflux is trading very near to the resistance now and offer very good reward/risk ratio. Another stock Semb Marine is also trending downward as well.

Last week I review the Hong Kong HSI weekly stock market trends. I mentioned that bear is winning the market at 60:40 chance. And indeed, the market dive down and also broke the Hang Seng support of the March low. Finally, both Singapore and Hong Kong market gave way to the bear.

Breaking the descending triangle for HSI is very bearish. Let’s take a look at the stock market trends of HSI in the coming week!

As I saw Dow Jones and Straits Time Index plunging , I did a scan on the regional index as well. I am surprised to see the Kuala Lumpur Composite Index formed a white candle instead despite the bad market condition worldwide.
Looking closely, KLCI is now trading below all the major moving averages. I also [...]