Sunday, 12 August 2012

Weekly Global Overview

It is time to look at our global markets.

DOW JONE = Bullish 
NASDAQ = Bullish 
S&P 500 = Bullish 

FTSE = Bullish 
DAX = Bullish 

HANG SENG = Turned Bullish 
SHANG HAI = Bearish 
NIKKEI = Bearish (It is turning to bullish soon) 
SEOUL = Bearish 
STRAITS TIMES = Bullish 
TAIWAN WEIGHTED = Just turned Bullish 
KLCI = Bullish  

This week, Hang Seng, Seoul and Taiwan Weighted turned bullish indicating the bullishness of the entire market. I honestly felt uneasy thinking markets could be in a tile end considering the markets have been bullish. But feeling is one thing, technical is another. 

WE HAVE TO ACT ACCORDING TO THE TECHNICAL ANALYSIS RATHER THAN OUR FEELING. 

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