The Market Situation

Hello my friends. Hope you're having a good weekend. Last Sunday, we review thestatus of the stock market relative to what had been happening in some other international markets. Last week, the various markets showed great volatility. Consequently, there is still interest in identifying the direction which will eventually takethe market. It keeps downloading ...? start up ?.... this is a normal correction ?.... or is part of a major collapse?
Today, we will try to present the status of the stock market based on the current position in various markets. Especially those who may have a direct effect to the stockmarket.
1 .- The DJ-30 closed Friday at 11,935 points, 73 points of its support level of 158 points and SMA200. At this level, in the following days are two possible scenarios: Thefirst is to continue the fall and face the test the next support level at 11,555 points. The second is to retake the way up. You'll need to overcome the first resistance level of12,094 and then face the test of 12,391 points.

2 .- The S & P-500 closed on Friday at 1268 points, 5 points SMA200. From here,going to face test in march 1250 at low or restart your way up. This requires you toovercome the resistance level of 1295.

3 .- Nasdaq-100 closed on Friday at 2217 points below its 9-point SMA200 and itsminimum value recorded for several days. If you can get off this level, the index would confirm a trend change. Its next support would be in the 2112 points. On the other hand, to restart their upward path, would have to exceed 2255 points.

4 .- The U.S. $ Dollar Index closed Friday at 76.50 points, SMA20 and SMA50 above.This level represents a breakout with respect to the trendline since June last year. His next resistance level would be to SMA20o, in 77.30 points. A rise in this index could have severe adverse consequences with respect to the prices of stocks and commodities.

5 .- The Gold closed Friday at $ 1,500, below SMA50 and SMA20. A strong dollar is attacking the value of Gold's. Price drop on Friday suggests that the metal will face thetest of U.S. $ 1.460.

6 .- Oil closed Friday at U.S. $ 92.15, down from SMA200., Which had not happened since September last year. The next support is at levels of $ 87.00. RSI and MACDindicators show negative behavior against the price of Oil.

7 .- The FTSE (London Financial Times Index) closed Friday at 5698 points, below SMA200 and being under 98 points a major support level. It seems inevitable that the minimum test of March. MACD and RSI show negative against this index.

8 .- After raping the support given by the minimum value in January, the SSEC of Shanghai recovered, arriving Friday at the level of resistance. This market is nowdefined: Beat this level and restart a way up or back and face the test of the new level of support registered 5 days. This is a very important moment for the Chinese market.

9 .- The TSX in Canada is showing a clear negative trend.