Hang Seng Daily Price Recap
Hang Seng came into today up 0.56% ($135.07) from the open of yesterday, marking the 2nd day in a row an increase has occurred. Relative to other instruments in the 8 major global equity indices asset class, Hang Seng ranked 5th since yesterday in terms of percentage price change. The daily price chart of Hang Seng below illustrates.
Hang Seng Technical Analysis
Volatility for Hang Seng has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 30 days Hang Seng’s price has gone down 16 them.
Overheard on Twitter
For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Hang Seng for the past day were:
- From KeithMcCullough:
CHINA: stock market bounced +1.6% in Shanghai overnight; Hang Seng +0.6% – both remain Bearish TREND @Hedgeye
- From truemagic68:
ASX CLOSED, SHANGHAI -0.40% at 2785, HANG SENG CLOSED, NIKKEI -1.81% at 19145 – Suggested Opening call – FTSE, DAX, & CAC CLOSED – DJIA futures -370 points at 23414 at 5.56am
- From ABCapitalGroup:
Global Markets 04/10: DJIA: +285.80pts
Nikkei: -104.77pts (as of now)
Hang Seng: +329.96pts
PSEi: -139.18pts (04/08)