Stock Market Analysis
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​Stock Market Analysis Aug 16 2016

The stock market broke above another box and resume the uptrend. Slowly but surely it is rising. I do not see any sign of weakness yet in the stock market and all signs point to a healthy uptrend so we will remain bullish until the charts tell us so.

Here is a summary of what the chart tells us:
  • Major indexes are bullish short term, mid term and long term. We will remain bullish till the charts tells us so.
  • Malaysia's KLCI has broken out of a cup and handle pattern and target will be around the area of 1720.
  • Oil is in an uptrend but beware the short term resistance overhead 
  • Gold and silver may be trading sideways for awhile
For a longer term view, please read my recent Intermarket Analysis Aug 3rd Week 2016. To read past analysis go to Stock Market Analysis August.
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  • Home
  • Trading
    • How To Trade Stocks, A Step By Step Guide
    • Daily Stock Market Analysis 2016
    • Intermarket Analysis By Stephen Loke
    • Individual Stock Analysis And Index Analysis
    • Opinions
  • Blog
  • About
  • Contact