A quick look at Equity Markets around the Globe

I looked through the charts of the major equity markets around the world. I rate them as follows:
1) entered or entering bearish market (AOrd, BVSP & CAC)
2) hovering at critical support (HSI, BSE, MXX, FTSE & S&P500)
3) breaking critical support (DAX)
4) tested critical support & recovered (STI)
5) still going higher (RTSI)
6) sideway (SSEC)

Based on these observations, I believe that equity markets are in a very precarious state. Further economic weakness in US, signs of hard landing in China or signs of contagion in Europe could trigger a sell-off in global equity markets. We must exercise greater caution in this dangerous time.

Take a look for yourself. If need be, go to the chart by clicking on the link.

A) East Asia & Australia


Chart 1: HSI's daily chart as at Aug 1, 2011 (Source: Yahoo Finance)



Chart 2: STI's daily chart as at Aug 1, 2011 (Source: Yahoo Finance)



Chart 3: AOrd's daily chart as at Aug 1, 2011 (Source: Yahoo Finance)

B) BRIC plus Mexico


Chart 4: BVSP's daily chart as at Aug 1, 2011 (Source: Yahoo Finance)



Chart 5: RSTI's daily chart as at Aug 1, 2011 (Source: Yahoo Finance)



Chart 6: BSE's daily chart as at Aug 1, 2011 (Source: Yahoo Finance)



Chart 7: SSEC's daily chart as at Aug 1, 2011 (Source: Yahoo Finance)



Chart 8: MXX's daily chart as at Aug 1, 2011 (Source: Yahoo Finance)

C) Europe & U.S.


Chart 9: FTSE's daily chart as at Aug 1, 2011 (Source: Yahoo Finance)



Chart 10: DAX's daily chart as at Aug 1, 2011 (Source: Yahoo Finance)



Chart 11: CAC's daily chart as at Aug 1, 2011 (Source: Yahoo Finance)



Chart 12: S&P500's daily chart as at Aug 1, 2011 (Source: Yahoo Finance)