Overseas stocks are reacting well to China's newly released reform plan as the Shanghai Composite was up 2.9% and the Hang Seng is also up 2.7%. Stocks in Europe are also higher but not nearly as strong, though the MSCI World Index reached its highest level since early 2008. The US futures are a bit higher in early trading as they try to add to last week's gains. In the weekend review of the technical outlook, I pointed out that the weekly analysis showed no signs yet of a top but there were som...
Overseas stocks are reacting well to China's newly released reform plan as the Shanghai Composite was up 2.9% and the Hang Seng is also up 2.7%. Stocks in Europe are also higher but not nearly as strong, though the MSCI World Index reached its highest level since early 2008. The US futures are a bit higher in early trading as they try to add to last week's gains. In the weekend review of the technical outlook, I pointed out that the weekly analysis showed no signs yet of a top but there were som...
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