Weekly Market Analysis Jul 13-17

Last week Preview

Last wee, Index was closed almost at flat line. here is the summary on what has happened on last week.

Looking at the volume is well above average, but ti shows that new low outpace new high in the weekly summary 424 vs 107.

While on friday itself, the volume is good also, well above 700 million shares traded. participation is quite normal.

Below chart shows the statistic of market breadth indicator where we can see that for the last few weeks the  new low is winning over new highm those altogether with the decline volume outpacing advance volume.

 Bullish sentiments among those indexes are tracked in the following chart, where at average, bullish percent index were at 60+%

SECTOR

The Above chart shows the winner of last week, where utilitizes and cons. staples are the biggest winner, while material & energy were the worse in the sector.

MONEY SUPPLY

The  following table shows the lastest money supply m1 at comercial bank and other instituion. it shows that money supply is increasing for the week ended in June 29, which is a good sign that it seems that the stock will rebound.

this hyphotestis were backed up with the reality that China government was trying to defend their stock market with injecting 500 Billion RMB.

Weekly Forecast

As most indexes at it's lower bolinger band and there's a big hope on the greece deal as well as China Government trying to protect their market, i thik this week is going to be a rebound. we should see some new development over the Greece. 

weekly Direction is UP