|International Equity Index Daily Hotline
18 April 2016 By Cornelia Dichio, Analyst
Japanese stock market indices dominate the 'Losers' board, with the benchmark Nikkei 225 heading the list at -3.4%. The market has baulked at prior resistance from the March ceiling at 17291.3. A push over that barrier would be required to remove the danger of a further retracement of the April recovery from the oversold low at 15471.8, which was plotted on the 8th of the month.
China's Shanghai A index has recorded a 1.4% loss for today's session. The short-term uptrend has slowed. However, a sustained fall beneath the late-March low at 3040.15 would be required to indicate a test of the year's earlier base area.
Posting a 1.6% gain for Friday's session, Brazil's Bovespa index has reasserted the advance towards the 2015 highs near 54360 and 57605. We continue to hold a long position in the market and tighten the stop to 52000. This action locks in a profit.
In Europe, the Greek Athens SE index registered a 4.9% gain. The chart shows the market continuing to develop support near the 50-day MA. If the March ceiling at 584.95 is successfully challenged, the late-December high at 631.35 will become the next target.
The JSE African Industrial 25 index gained 0.9% before the weekend. The market reasserts the short-term rally towards last month's high at 73121.6. An eventual break over that barrier will have bulls aiming for the November, and all-time, high at 74089.8.
|ASE||Greece Athens SE Index||574.73||+4.9%|
|XAU||PHLX Gold & Silver Index||77.9156||+2.6%|
|HUI||NYSE Arca Gold Bugs Index||198.154||+2.5%|
|IBOV||Brazil Bovespa Index||53227.7||+1.6%|
|INDI25||FTSE JSE Africa Industrial 25 Index||71467.9||+0.9%|
|NKY||Japan Nikkei 225 Index||16276||-3.4%|
|NEY||Japan Nikkei 300 Index||265.88||-3.2%|
|TPX||Japan Topix Index||1320.15||-3.0%|
|SHASHR||China Shanghai A Index||3174.76||-1.4%|
|Date||Stock||Code||Type||Open Price||Current Price||% P&L||Target||Stop|
|17 Mar 2016||Brazil Bovespa Index||IBOV||Long||50913.8||53227.7||+4.54%||52000|
|12 Apr 2016||Russian Trading System Index $||RTSI$||Long||900||905.1||+0.57%||815|
|12 Apr 2016||FTSE 100||UKX||Long||6200||6343.75||+2.32%||6100|
|13 Apr 2016||India BSE Sensex Index||SENSEX||Long||25479.6||25626.8||+0.58%||24000|
- The stop is raised on long Bovespa.
|SPGLOB||S&P Global 1200 Index||Holds the rally within the mid-Oct/early-Jan trading band.||1851.8||-0.0%||1696.87/1793.34||1900.53|
|INDU||DJ Industrials||Holds the s-t rally by the highs (17977.9) of the late-Oct/early-Jan trading band. RSI high.||17897.5||-0.2%||16821.9/17399||18351.4/17977.9|
|SPX||S&P 500 Index||Holds teh rally within the mid-Oct/early-Jan range.||2080.73||-0.1%||1969.25/2022.49||2116.48|
|CCMP||NASDAQ Comp.||Maintains the rally within the late-Oct/early-Jan trading.||4938.22||-0.2%||4734.77/4808.91||5176.77|
|NDX||NASDAQ 100||Holds the s-t rally within the late-Oct/Dec trading band.||4543.16||-0.3%||4374.74/4435.05||4739.75|
|UKX||FTSE 100||Advance slows on the approach to the Oct ceiling (6487.89).||6343.75||-0.3%||5845.55/6036.7||6764.82/6487.89|
|SX5E||Euro Stoxx 50||Rallies back up to the Mar high (3128.71).||3054.34||-0.2%||2801.43/2860.21||3345.2/3128.71|
|CAC||France CAC40 Index||S-t rally approaches resistance at the Mar high (4580.97); near the 200-day MA.||4495.17||-0.4%||4117.49/4229.12||4748.76/4580.97|
|DAX||Germany DAX Index||Tests the highs of the s-t range; near the psychological 100 level; close to the 200-day MA.||10051.6||-0.4%||9125.19/9484.75||10860.1/10164.1|
|SPMIB||Italy S&P MIB Index||Rallies from the late-Feb low (16587.7) towards the late-Jan/Mar ceiling (19305.3).||18257.4||-0.4%||15773/16587.7||21730.2/19305.3|
|IBEX||Spain IBEX 35 Index||S-t rally towards the Mar high (9217.3).||8850.9||-0.1%||7968.1/8256.1||9724.9/9217.3|
|OMX||Sweden OMX Index||S-t rally to the mid-Mar high (1431.64); near the 200-day MA, slows.||1381.33||-0.2%||1247.06/1323.55||1461.49/1431.64|
|SMI||Switzerland SMI Index||S-t rally tests the Mar high (8095.43). Potential base.||8014.6||-0.1%||7247.25/7425.05/7607.74||8487.61/8095.43|
|AS51||Australia ASX200 Index||Rallies towards the Mar ceiling (5214). Probes the 200-day MA.||5137.06||-0.4%||4706.7/4838.3||5384.8/5214|
|SHASHR||China Shanghai A Index||The s-t uptrend slows.||3174.76||-1.4%||2901.35/3040.15||3519.73|
|HSI||HK Hang Seng Index||Overbought rally slows near the 200-day MA.||21161.5||-0.7%||18867.7/19818.4||22217.5/21511.1?|
|SENSEX||India BSE Sensex Index||Rallies from the 50-day MA. Renews the advance towards the Dec ceiling.||25626.8||0.00%||22494.6/24354.5||26256.4|
|NKY||Japan Nikkei 225 Index||Recovery baulks at Mar resistance.||16276||-3.4%||14865.8/15471.8||17905.4/17291.3|
|IBOV||Brazil Bovespa Index||Reasserts the advance towards the 2015 highs.||53227.7||+1.6%||46520.8/47873.7||57605.9/54360.8|
|SPTSX||Canada TSX Composite||April rally from the 50-day MA slows slightly.||13637.2||-0.2%||11985.7/12506.1||14053.2|
|VIX||CBOE Volatility Index (VIX)||Reasserts the s-t fall towards the Oct floor.||13.62||-0.7%||12.8||33.82/32.09|
Copyright 2016 by Stockcube Research Ltd.