UPDATE : 17APR 2009

India and China need to cool down to avoid overheating. There are signals of that appearing on momentum indicators.

However, the DOW halting closely below its crucial resistance at 8132 looks positive. But FTSE is little away from its crucial resistance zone 4070-4085. The technical picture is negative until these given resistances are surpassed. The economic data and earnings of major corporates, especially of the financial institutions needs to be watched these days.

The outlook and levels given in stocksweekly are still relevant. Trade accordingly.