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McHugh's International Stock Market Report

We prepare an international stock market report daily for our subscribers at www.technicalindicatorindex.com and produce an expanded report each weekend. Coverage includes London's FTSE, Gemany's DAX, Canada's TSX, Australia's SPASX200, China's SSEC, Hong Kong's HSI, Japan's NIKK, and we just started including Emerging Markets.

This weekend we would like to share with you an example of this report. A study of international markets can shed light on domestic markets as markets are globally interdependent.

London's FTSE has broken down from a Rising trendchannel from March 2009. The Daily Full Stochastics are topping, suggesting a decline is likely to start soon. The 200 week moving average has stopped the recent rally, and is formidable resistance. The monthly Full Stochastics are on a sell signal, falling from an overbought level.

London Financial Times Index

London Financial Times Index - Chart 2

London Financial Times Index - Chart 3

London Financial Times Index - Chart 4

Germany's DAX has formed a huge Head & Shoulders top that warns of a cataclysmic decline in the not too distant future. Its Daily Full Stochastics are on a sell signal, and topping short-term.

German Dax Composite

German Dax Composite - Chart 2

German Dax Composite - Chart 3

Canada's TSX also looks to be topping, with its weekly MACD on a sell signal. Its Daily Full Stochastics are also on a sell signal and topping.

TSX Composite Index

TSX Composite Index - Chart 2

Emerging Markets (symbol MSEMF) have formed a picture perfect Head & Shoulders top pattern from September 2009, with a downside target 20 to 25 percent below current price levels. It is completing its Right Shoulder.

MSCI Emerging Markets

Japan's NIKK has also formed a massive Head & Shoulders top pattern with a downside target substantially below current levels. It is finishing its Right Shoulder. Its Monthly Full Stochastics are on a sell signal. Its downside target is near zero believe it or not, warning a cataclysmic decline is coming. Same situation for Hong Kong's HSI, which has also formed a rounded top, and looks ready to fall hard.

Tokyo Nikkei Index

Hang Seng

Hang Seng - Chart 2

China's SSEC has formed a Head & Shoulders top from 1998 that is completing. It is finishing its Right Shoulder and has a downside target approaching zero. Same situation exists for Australia's SPASX200.

Shanghai Composite

ASX 200 Composite Index

We cover a host of indicators and patterns, and present charts for most major markets in our International and U.S. Market reports, available to subscribers at www.technicalindicatorindex.com

If you would like to follow us as we analyze precious metals, mining stocks, and major stock market indices around the globe, you can get a Free 30 day trial subscription by going to www.technicalindicatorindex.com and clicking on the Free Trial button at the upper right of the home page. We prepare daily and expanded weekend reports, and also offer mid-day market updates 3 to 4 times a week for our subscribers.

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shall not hunger, and he who believes in Me shall never thirst.
For I have come down from heaven,
For this is the will of My Father, that everyone who beholds
the Son and believes in Him, may have eternal life;
and I Myself will raise him up on the last day."

John 6: 35, 38, 40

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