All indices that we follow had a lower ending in October than their September ending except for the Dow Jones Industrial Averages Index, the Hong Kong Hang Seng Index and the Chinese Shanghai Composite Index. The Dow’s October ending was almost identical to a month ago.
Overall the trend is still up with some warnings for a possible temporary correction.
The US indices do not give us a buy indication but give still a warning for a correction since they went up so much during the last period.
In general the European stock market indices do not give a specific buy indication, sell warning or a correction warning for our stock market investment after their declines in October.
In Asia, Hong Kong and Shanghai still show sufficient positive momentum and trigger a buy indication while both at the same time provide a warning for a possible correction since they increased so much during the past few months.
The Japanese Nikkei does not give any specific indication, signalling to us to hold our holdings and not to ad to them. The Sensex in Mumbai continues to give a warning for a correction. Even after last months decline, it still has gone up so far during the past period that you should be aware of the possible correction.
For a new blog on trend investing see:
www.StockTrendInvesting.com/blog
