Jiming Huang / Profile

Asian stocks kicked off the week on a strong positive note; hopes for more policy support being pretty much the only explanation to the early week optimism. Shanghai’s Composite jumped more than 4% on a sudden peak in trading volumes, the Hang Seng rose 3.45...

Pivot (invalidation): 39.85 Our preference Long positions above 39.85 with targets at 40.75 & 41.25 in extension. Alternative scenario Below 39.85 look for further downside with 39.45 & 39.05 as targets...

Pivot (invalidation): 18.1300 Our preference Short positions below 18.1300 with targets at 17.9100 & 17.7400 in extension. Alternative scenario Above 18.1300 look for further upside with 18.2700 & 18.4400 as targets...

Pivot (invalidation): 1779.00 Our preference Short positions below 1779.00 with targets at 1769.50 & 1765.00 in extension. Alternative scenario Above 1779.00 look for further upside with 1784.00 & 1789.00 as targets...

Pivot (invalidation): 3115.00 Our preference Long positions above 3115.00 with targets at 3150.00 & 3165.00 in extension. Alternative scenario Below 3115.00 look for further downside with 3085.00 & 3050.00 as targets...

Pivot (invalidation): 12441.00 Our preference Long positions above 12441.00 with targets at 12610.00 & 12700.00 in extension. Alternative scenario Below 12441.00 look for further downside with 12330.00 & 12095.00 as targets...

Pivot (invalidation): 6.8650 Our preference Short positions below 6.8650 with targets at 6.8530 & 6.8420 in extension. Alternative scenario Above 6.8650 look for further upside with 6.8720 & 6.8820 as targets...

Pivot (invalidation): 0.6940 Our preference Long positions above 0.6940 with targets at 0.6975 & 0.6990 in extension. Alternative scenario Below 0.6940 look for further downside with 0.6920 & 0.6900 as targets...

Pivot (invalidation): 1.3565 Our preference Short positions below 1.3565 with targets at 1.3535 & 1.3515 in extension. Alternative scenario Above 1.3565 look for further upside with 1.3580 & 1.3595 as targets...

Pivot (invalidation): 0.9450 Our preference Short positions below 0.9450 with targets at 0.9420 & 0.9405 in extension. Alternative scenario Above 0.9450 look for further upside with 0.9470 & 0.9490 as targets...

Pivot (invalidation): 107.50 Our preference Long positions above 107.50 with targets at 107.85 & 108.00 in extension. Alternative scenario Below 107.50 look for further downside with 107.35 & 107.15 as targets...

Pivot (invalidation): 1.2455 Our preference Long positions above 1.2455 with targets at 1.2505 & 1.2525 in extension. Alternative scenario Below 1.2455 look for further downside with 1.2435 & 1.2420 as targets...

Pivot (invalidation): 1.1255 Our preference Long positions above 1.1255 with targets at 1.1300 & 1.1315 in extension. Alternative scenario Below 1.1255 look for further downside with 1.1240 & 1.1220 as targets...

In FX and commodities, there is little change. Cable remained offered above the 1...

Investors only had eyes for the 4.8 million rise in US nonfarm jobs last month, although the average earnings slipped 1.2% versus -0.8% expected by analysts and the jobless claims remained close to the 20 million mark...

Pivot (invalidation): 39.85 Our preference Long positions above 39.85 with targets at 40.75 & 41.25 in extension. Alternative scenario Below 39.85 look for further downside with 39.45 & 39.05 as targets...

Pivot (invalidation): 17.8500 Our preference Long positions above 17.8500 with targets at 18.1300 & 18.2700 in extension. Alternative scenario Below 17.8500 look for further downside with 17.7400 & 17.6700 as targets...

Pivot (invalidation): 1766.00 Our preference Long positions above 1766.00 with targets at 1784.00 & 1789.00 in extension. Alternative scenario Below 1766.00 look for further downside with 1759.00 & 1753.50 as targets...

Pivot (invalidation): 3115.00 Our preference Long positions above 3115.00 with targets at 3165.00 & 3185.00 in extension. Alternative scenario Below 3115.00 look for further downside with 3085.00 & 3050.00 as targets...

Pivot (invalidation): 12441.00 Our preference Long positions above 12441.00 with targets at 12700.00 & 12830.00 in extension. Alternative scenario Below 12441.00 look for further downside with 12330.00 & 12095.00 as targets...