Saturday, July 19, 2014

Weekly Market Reivew N225

N225 closed at 15,215.71 on Friday, 18-Jul-2014, gained 51.67 (0.34%) over the last 5 days.  NKVI moved down 0.92 (5.64%) ending the week at 15.38.

It was mostly a UP days except on Friday.  The drop of 154.55 is mainly due to anxiety over the news of Malaysia Airline MH17 crash in Ukraine.  US & Europe indices plunge about 1% or more after the news.  Asia markets didn't seem to be affected as much.  While N225 is down 1.01%, K200 is down only 0.10% and HSI is down 0.28%.

Looking at the bigger picture on daily chart, nothing much has changed.  Despite the big drop on Friday, mainly due to the news, N225 is still above the previous higher low.  It is still above 15,000.

On the weekly chart, it is still an inside bar.  Nothing much has changed.

NKVI continue the decline to the lowest of 14, record low.  If not of the Friday drop, we might even see it going below 14.  This exceptional low volatility is getting more difficult to trade.  For now, just have to trade with caution.

SPX closed at 1978.22, up 20.10 points on Friday, recovered all the lost (-18.23 points) on Thursday.  However, it is an inside bar.  Baring nothing unusual on Monday, N225 should open higher on Tuesday (N225 will be closed for trading on Monday due to public holiday).

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