NDX100: Bullish Engulfing suggests higher again..

NDX100 Weekly Close @ 04/27/2012

The NDX100 made 'fools' of the attempted short-selling strategy (hands up), a bullish weekly chart pattern strongly suggesting that new highs are likely in short order.

SINGAPORE STI: Weekly Chart

Straights Times Index: Weekly Close @ 04/27/2012

What ails Singapore?
Best viewed as a potential 'canary in the coal-mine'; Singapore's main index is not participating in the recent ascent of the core global equity markets.
Asian growth concerns?

NDX: A tale of 2 opposing forces.......

NDX Daily Close @ 04/23/2012

The Daily Chart pattern suggests 'indecision', the close below the 50day SMA suggests the pressure is 'clear & present' to the downside.

SELL @ 2675 with a tigh Stop/Loss?

NDX100: Balance of Risk lower again....?

NDX100 Daily Close @ 04/19/2012

The 50day SMA, coincident with an equal move lower to the Dec 2011 correction @ 135pts, has held the move lower 'in check'.
How much longer though?
A Weekly close Friday below the 2660 level and further losses down to 2550/70 are possible/ probable, yet still maintain a 'bullish' spin to the whole rally from the October 2011 lows; as the move would only be a 38.2% retrace from 2150 - 2795.

NDX100 finds support @ the 50day SMA.

NDX100 & McClellan Oscillator: Close 04/17/2012

Post Monday Morning 'blues' with AAPL (21/29 NDX100 points decline), the NDX bounces back strongly - respecting the 50 day SMA.
Interestingly the McClellan is back @ the Zero line: Above and it's back to test the highs, Failure here and below the 50day likely.
Note: USDollar Index nor Commodities 'joined' in the IMF 'celebration' rally.
Why not?