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International Equity Index Daily Hotline 
11 May 2015                                     By Cornelia Dichio, Analyst
Chart of the day: Global index reasserts uptrend


The S&P Global 1200 index rebounded well on Friday.  Finding support near the 50-day moving average again, the market has reasserted the uptrend; and points towards the all-time high at 2003.44, plotted on 28 April.  We will consider re-purchasing the market in the event of a sustained breakout.



Daily Comment:


The UK's FTSE 100 index is maintaining Friday's gains so far today.  Shortly after opening, the market topped 7080 with bulls appear set to challenge resistance at last month's ceiling at 7122.74.  A breakout will take FTSE into unchartered territory.  We watch to buy such a move.

In the US, the Dow Jones Industrial Average firmed within its range forming beneath the all-time high at 18288.6.  We watch to buy a breakout (see also hotlines for 14 April and 5 May).

Chinese authorities have sliced interest rates by 25 basis points to 5.1%.  This is the second cut this year.

The Shanghai A index gained 3% today, as it pauses the correction from the overbought high at 4791.53.  Support at the 50-day MA remains intact, for now.

The Shanghai B index recorded a 4.1% gain, as it tried to renew the advance.  However, we would point out that the RSI is at overbought levels once again (see 'Gainers' for the chart).

One observes that Japan's benchmark Nikkei 225 index stabilized during today's session.  Support was encountered near the 50-day MA, as the market potentially reasserts the uptrend towards the April 2000 peak at 20833.2.



Gainers / Losers
Top 5 Gains.
SymbolStockClose% Change
SHBSHRChina Shanghai B Index413.93+4.1%
SHASHRChina Shanghai A Index4539.89+3.0%
SHCOMPShanghai Composite Index4333.58+3.0%
Top 5 Losses.
SymbolStockClose% Change
VIXCBOE Volatility Index (VIX)12.86-15.0%
EURGBPPound Sterling per 1 Euro0.7251-1.9%
ZARSouth African Rand per 1 US Dollar11.9183-1.0%
EURUS Dollar per 1 Euro1.1199-0.6%
VNINDEXVietnam Stock Exchange Index551.67-0.5%
The International Equity Index Model Portfolio
International Equity Index Model Portfolio Longs
Date Stock Code Type Open Price Current Price % P&L Target Stop
4 May 2015 Norway OSE Bench Index OSEBX Long 647.92 648.05 +0.02% 599
International Equity Index Model Portfolio Shorts
Date Stock Code Type Open Price Current Price % P&L Target Stop
6 May 2015 Hang Seng China Ent Indx HSCEI Short 14000 14183 -1.31% 15200
7 May 2015 India BSE Sensex Index SENSEX Short 26599.1 27507.3 -3.41% 28500
  • We watch to buy FTSE 100, Dow and Global (Chart of the Day) markets.


Daily Analysis

Symbol Name Comment Close 1 day Support Resistance
SPGLOBS&P Global 1200 IndexReasserts the uptrend finding support near the 50-day MA.1993.16+1.5% 1925.13/1963.292003.44
INDUDJ IndustrialsRanging beneath the all-time high.18191.1+1.5% 17037.818288.6
SPXS&P 500 IndexRanging beneath the 'Peak' KDR of 27 Apr (also the all-time high).2116.1+1.3% 2039.692125.92
CCMPNASDAQ Comp.Pauses the s-t fall towards the Mar floor.5003.55+1.2% 4825.935132.52/5119.83
NDXNASDAQ 100Pauses the fall towards the Mar/Apr lows.4458.65+1.3% 4280.95/4333.114816.35/4562.33
UKXFTSE 100Reasserts the uptrend finding support near the 200-day MA.7046.82+2.3% 6765.05/6810.057122.74
SX5EEuro Stoxx 50Fall from the s-t top to intraday support at 3484.07.3649.48+2.6% 3321.59/3533.43905.5/3836.28
CACFrance CAC40 IndexS-t decline reaches intraday support at 4874.9.5090.39+2.5% 4856.145882.07/5283.71?
DAXGermany DAX IndexFall from the s-t top to intraday support at 11167.6.11709.7+2.6% 10552.812390.8/12079
SPMIBItaly S&P MIB IndexFall from the Apr high finds intraday support at 22296.6.23312.4+2.1% 21860.5/22397.924558.5/24081.7
IBEXSpain IBEX 35 IndexCorrection from overbought to intraday support at 10928.2.11424.7+2.2% 10136.4/10858.411884.6/11684.6
OMXSweden OMX IndexFall from the s-t top finds intraday support at 1558.16.1616.45+1.8% 1421.341720.02
SMISwitzerland SMI IndexFailed break under sideways trading along 9000 (bear trap).9093.33+2.5% 8300.37/87299474.95/9203.59
AS51Australia ASX200 IndexFall from the top probes the 200-day MA.5625.24-0.2% 5267.46022/5996.9
SHASHRChina Shanghai A IndexPauses the correction from overbought.4539.89+3.0% 3773.69/4294.164928.03/4791.53
HSIHK Hang Seng IndexPauses the correction from overbought.27718.2+0.5% 23590/26959.829962.9/28588.5
SENSEXIndia BSE Sensex IndexPauses the fall from the 'Peak' KDR of 15 April. Failed break under the Dec low (26469.4).27507.3+1.5% 25232.8/25910.829094.6/27603.7
NKYJapan Nikkei 225 IndexSteadies near the 50-day MA. Potentially reasserting the uptrend.19620.9+1.2% 18577.1/19257.920833.2/20252.1
IBOVBrazil Bovespa IndexOverbought rally finds resistance at the Oct ceiling.57149.3+0.4% 53510.4/54972.960242.8/58897.5
SPTSXCanada TSX CompositeCorrection from overbought slows around 15000.15170+0.5% 14392.6/14606.215685.1/15524.8
VIXCBOE Volatility Index (VIX)Ranges above the Aug-Dec 2014 floor (11.24).12.86-15.0% 10.28/11.2425.2/17.19

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