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Dow Jones Index

For this weeks’ stock index move, Dow Jones broke 10440 and advanced on high volume. This increased volume signifies strength  in the advance. The index should pull back on immediate resistance of 10730 for a breather. This leg of recovery is is a continued inbound trend from 9954.

Shanghai Stock Index

Shanghai index has a very interesting formation. On the day chart, it seems to be forming a small cup and handle. A break above the 3100 would be breakout from cup and handle. On the weekly chart, a major symmetrical triangle is forming. The end result depends on the breakout direction from the symmetrical triangle.

Hang Seng

Hang Seng Index is on uptrend channel as indicated. Watch out for resistance around 22000 to 22164 region.