Dear all, Global stocks slumped last week. Stocks look to open sharply lower with the U.S. markets tumbling 3% overnight. Based on the charts’ analyses below, Hang Seng, STI and FSTS may see some technical rebound in the near term. Nevertheless, all three indices are still entrenched in a strong downtrend. The potential near term technical rebound may yield opportunities for nimble traders who are looking at small potential profits as we are still in a downtrend. I have compiled a list of stocks which are trading at or near all time oversold levels with other key data such as NAV; average analyst target prices; supports and resistances etc for my clients. I will send out later. S&P500 chart Two weeks ago, I mentioned that if S&P500 breaks below 2040, it is bearish and points to an eventual technical target of 1,945. S&P500 broke below 1940 on 20 Aug ......