Market wrap up for 2015

Well the year is over for most traders and it has been quite a year to say the least. I beat my target for the year in what you could say were quite challenging conditions. There have been some things that have completely baffled me as to why they occurred the way they did. As you can see below the markets were quite flat for the whole year pretty much. Having said that though, on an individual stock basis there has been some fantastic trading. I was expecting the markets to sell off quite hard from September onward. That didn't happen. I believe this was largely due to central bank intervention directly in the markets. How long this can go on I don't know. As I always say. We just trade the levels with the if/then process. Any more than that is just guessing.

The SPX monthly chart here shows the incredible strong resistance at 2105. This is the 12th candle that has failed to break out to a new high. The monthly MACD is still crossed down so I don't expect a breakout while that is the case. We need to see a break monthly close above 2105 or a break below 1935.

 

This domed house resistance on the DJIA weekly has held. It looks like it will finish out the year below the kumo. I called the top in the market in June. I still maintain for now that this is a major top until something happens to change my outlook such as a confirmed weekly breakout above the kumo. 

The NDX weekly did make a very small break to a new high for 1 week. This is the only market above the weekly kumo.

RUT weekly found support. The outlook is neutral here. See what happens in the new year.

 

DAX weekly has had a bit of a rally up to test the kumo bottom resistance. 

 

FTSE weekly is in a consolidation below the kumo. Not sure how it will go in the new year.

 

China A50 weekly is in a channel. It has shown some buying interest but not strong.

 Hang Seng weekly is in a channel. No clear direction at this time.

Nikkei weekly looked like it would have a kumo breakdown off a head and shoulders. It has not yet broken down through the cloud. There has been a bit of volatility in the yen.

 

ASX weekly has manged to claw back the key 5000 level to end the year. I was not expecting this but it seems to have been boosted by some yield chasers.