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International Equity Index Daily Hotline 
7 October 2014                                     By Cornelia Dichio, Analyst
Chart of the day: Aussie index bounces...


The Australian ASX 200 index resumed its short-term decline, at first, during today's.  However, the 'thin lower tail' on the last candlestick indicates that firm intraday support arrived at the low, at 5208.3, by the close of business.  With the RSI still languishing near oversold levels, there is a chance that the market may yet launch a counter move up.  A push past initial resistance at 5337.2 would probably signal the start of such a recovery by the Australian market.

Daily Comment:


The Thai Bangkok SET index has recorded a 1.7% loss for today's session.  The market corrects from overbought, having encountered resistance near the 2013 peaks, near 1600.  What is more, valuations have dropped beneath uptrend support at the 50-day moving average.  Unless a quick reversal is seen, there is a danger of further slippage towards the 1500 region.

The Greek Athens SE index has registered a 1.4% loss for Monday's trading.  The market falls to a lower low for the year.  Next chart support is near the psychological 1000 level.  We would point out that the RSI is indicating the onset of an oversold condition, which increases the likelihood of a counter move before long.

Spain's IBEX 35 is currently one of the weaker of the European bourses on our Focus List.  The market was changing hands at 10481.4, down 1.54%, a short time ago.  This means that it is potentially reasserting the decline from the June-September ceiling, towards the sideways area along the round 10000 number.

In contrast, Brazil's Bovespa index has jumped up from an oversold position.  Making an appearance on the 'Gainers' list a second time, to follow +1.9% with +4.7%, the market is enjoying a surging recovery from the late-June/early-July lows near 52000.  That said, however, one notes that some of the gains evaporated by the close, as intraday resistance arrived at 58897.3.


Gainers / Losers
Top 5 Gains.
SymbolStockClose% Change
VIXCBOE Volatility Index (VIX)15.46+6.3%
IBOVBrazil Bovespa Index57115.9+4.7%
HKXAMEX Hong Kong Index1110.97+2.6%
HUINYSE Arca Gold Bugs Index193.488+2.0%
Top 5 Losses.
SymbolStockClose% Change
IBGArgentina General Index522622-2.7%
ASEGreece Athens SE Index1035.43-1.4%
ZARSouth African Rand per 1 US Dollar11.2122-1.2%
SENSEXIndia BSE Sensex Index26272-1.1%
CADCanadian Dollar per 1 US Dollar1.1132-1.0%
The International Equity Index Model Portfolio
Date Stock Code Type Open Price Current Price % P&L Stop Comment
18 Sep 2014 India BSE Sensex Index SENSEX Long 27112.2 26272 -3.10% 26000
  • There are no changes today.


Daily Analysis

Symbol Name Comment Close 1 day Support Resistance
SPGLOBS&P Global 1200 IndexCounter move from oversold.1873.26+0.5% 1823.71/1855.21961.12
INDUDJ IndustrialsPotentially reasserting the uptrend.16991.9-0.1% 16312.7/1667417350.6
SPXS&P 500 IndexFall from the Sept, and all-time, high reverses at 1926.03; above the Aug low and 200-day MA.1964.82-0.2% 1904.78/1926.032019.26
CCMPNASDAQ Comp.Oct rebound finds intraday resistance at 4496.26; near the 50-day MA.4454.8-0.5% 4321.89/4367.745132.52/4610.57?
NDXNASDAQ 100Possibly reasserting the uptrend.4016.27-0.3% 3837.16/3934.944147.19/4118.91?
UKXFTSE 100Rebound follows the accelerated and oversold decline to the Feb floor (6416.72).6563.65+0.5% 6416.72/6446.396950.6/6904.86
SX5EEuro Stoxx 50S-t decline slows near 3100.3138.67+0.2% 2971.473325.5
CACFrance CAC40 IndexThe reaction from 4500 pauses.4286.52+0.1% 4109.314598.65/4509.58
DAXGermany DAX IndexExtends the s-t fall. RSI low.9209.51+0.2% 8903.4910051/9891.2
SPMIBItaly S&P MIB IndexFall from the Sept high slows.20119.7-0.4% 18788.321481.9/20940.3
CRTXRussian Traded IndexOversold fall slows near the Apr low.1585.46+1.3% 1431.59/1522.731978.67/1773.78
IBEXSpain IBEX 35 IndexPauses the s-t fall from the June-Sept ceiling.10645.7+0.7% 9946.9/10418.1?11566.1/11249.4
OMXSweden OMX IndexPauses the pullback from the Sept high.1365.71-0.3% 1320.991547.87/1424.22
SMISwitzerland SMI IndexFalls out of the s-t range, renewing the correction from overbought.8723.04+0.5% 8090.74/8183.558918.77/8874.48
AS51Australia ASX200 IndexRenews the s-t fall before finding intraday support at 5208.3.5284.2-0.2% 5052.25443.2/5337.2
SHASHRChina Shanghai A IndexHolds the uptrend.2474.59+0.3% 2283.06/2389.72558.83/2458.04
HSIHK Hang Seng IndexCounter move from oversold.23422.5+0.5% 21680.3/22565.625363/24470.3
SENSEXIndia BSE Sensex IndexReaffirms resistance near the early-Sept all-time high with a 'Peak' KDR. Tests uptrend support at the 50-day MA.26272-1.1% 25232.8/2646427355
NKYJapan Nikkei 225 IndexPossibly reasserting the uptrend after the pullback from overbought.15783.8-0.7% 15356/15559.117489/16374.1
IBOVBrazil Bovespa IndexSurging recovery from oversold.57115.9+4.7% 51239.3/52480.560242.8/57488.8
SPTSXCanada TSX CompositeOversold fall finds intraday support at 14545.6; near the 200-day MA.14743.1-0.3% 14459.815685.1/15055.8
VIXCBOE Volatility Index (VIX)Reacts to sideways resistance around 18.15.46+6.3% 10.28/11.2421.48/18.22

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