The German market consolidated between 22.5 and 23.5 (not including a quick dip to the 200 day EMA) for about three months. Now prices have broken through upside resistance at the 23.5 area and are inching higher. The underlying technicals -- the EMAs, MACD and CMF -- all confirm the move higher
Both the Singapore market (top chart) and Taiwan market (bottom chart) have dropped sharply. The Singapore market did so yesterday -- dropping to the 10 day EMA -- while the Taiwan market started to do so a few days ago and is now through the 20 day EMA. The Singapore sell-off occurred on weaker volume, but the Taiwan sell-off is on high volume.
For the last six months, the Japanese market has been one long consolidation pattern between 8.75 and 9.50. However, with the new government taking over, prices are right at upside resistance and may be ready for a break out.
Over the last few days, I noted that the TLT's had broken support. Now the TLH's have followed suit, making their 200 day EMA the next logical target.
The IYTs (transports) have broken through upside resistance. This could have significant bullish potential for the markets as a whole (Thanks to a specific reader for pointing this out).
I'm on Linked In and Twitter (@captivelawyer). Silver Oz's Linked In name is @silver_oz. NDD is a fossil and may be reached by etching a picture in stone on the wall of a cave.
The Bonddad Economic History Project
At the beginning of 2012, I decided to start looking at the actual, statistical history of the US economy starting in 1950. The reason is simple: to find out what really happened. So, when you see title of a post that begins with a year such as 1957, followed by "employment" or "Fed policy: you know what it's for. You can also access the information by typing in BE for Bonddad econ and a year to find information on a particular year.
Here is a link to pages that contain links to all the posts on the years listed.