Trader's Stock Market Trend - SPX and SSE - 12th October

SPX - NYSE
SPX bear market bullish market trend consolidation low volume. Synchronised with Copper market price consolidation.

SPX RSI trend near overbought. Daily SPX chart RSI near 50 before rebound again!

Today (same as yesterday) likely range 1150 to 1170. Strong market trendline support at 1150/1132.

SPX short term market trend top 1170 to 1180 (higher volume near 1200)Year end - Near 1250 and may cross 1300, likely the stock market trend top (market trend indicator)

SSE Shanghai Composite Index
SSE RSI daily chart overbought. Shanghai Composite equities market trend will likely consolidate near 2766/2738. Cross over 2700 last Friday and 2800 on Monday.

SSE daily RSI >70% overbought

Short term market trend will re-cross 2700 and above. Sustain above 2800, next target 3000 psychological resistance. Near 3150 (November/December 2010), likely the stock market trend top (indicator) for this year. Near 3378/3429 (February/March 2011), likely end of primary bear market stock upward trend.

HSI Hang Seng Index
HSI Index - daily and weekly RSI overbought. HSI equity market trend will likely consolidate around 22700 to 22900 range.

STI Singapore Index
STI equity market trend consolidating around 3150 to 3163 range (cross down 3150 this morning and rebound towards 3163 before this posting). Strong support at 3132. Buy on dip for marine sector laggard blue chip stocks.

STI RSI near overbought. Watch BDI and Copper market trend for equities investment reference!

Short term, the bear market bullish market trend 1st resistance 3163 (cross up and down - pendulum swing). (strong resistance). 2nd resistance 3200 psychological resistance.Year end Near 3250/3300, likely the stock market trend top (indicator)

CBOE OptionsEquity/Stock Investment Market Sentiments
CBOE Options Total Equity And Index Options = 0.83
CBOE Index Options = 1.19 (retreating from short term peak in October, 1.7 towards bear market, bullish market sentiment)
Trader’s Stock Market Trend – Bear market mild bullish Market Sentiments (this week options calendar closing may be positive).
VIX 18.96 at record low (is this a sign of pull back?)

Note : Bearish or Bullish Stock Investment Market Sentiments based on Options volume for selected market equities and indices (Dow Industrial, SPX) - http://www.cboe.com/data/IntraDayVol.aspx
Another equity market sentiment indicator (chart) – ISEE Index – ISE Sentiment Index Chart.

McClellan Oscillator Indicator - Technical Analysis Trend Indicator
McClellan Oscillator Indicator showing sign of market trending down! Low volume market trend – short term cyclic. Near short term market trend top indicator. May up mildly this week before reversal.

BDI (Baltic Dry Index) Fundamental Analysis Trend Indicator
Stock market day traders and fund Traders will be watching closely this sector market trend!
Daily chart, cross 50MA AND 20MA trendline resistance. Downside risk minimal.
Next up resistance 2878 (200MA).
RSI > 50%, shipping related stocks bullish. 
RSI > 70%, likely the stock market trend top for this sector (indicator).
Also watch Transport sector  on the economy fundamental!

Copper Technical Analysis Trend Indicator
Copper market trend consolidating. Higher high and higher low.
November/December near 400 (likelihood new higher high next few months), likely the stock market trend top (copper indicator) for year 2010.

Note : No major negative event/reversal, stock markets will trade higher high and higher low after each short term equities market trend consolidation. Above any typing error, please correct us! Trade with caution.