Saturday, 17 November 2012

Industrial And Trading & Services Index Turned Bearish This Week

Composite Index (KLCI) = Bullish 

1. Construction Index = Just Turn Bullish 
2. Consumer Index = Turn Bullish Now 
3. Finance Index = Turned Bullish Again
4. Industrial Index = Bearish (This week turned Bearish) 
5. Industrial Products Index  = Turn Bullish Again
6. Plantation Index = Bearish (Broke Recent Low) 
7. Property Index = Turned Bullish Again 
8. Technology Index = Bearish (Broke Recent Low) 
9. Trading And Services Index = Bearish (This week turned Bearish) 

Industrial Index and Trading & Services Index turned Bearish this week making it 4 out of 9 sector indexes are in bearish mode. With global markets turning bearish one after another, the future is not looking bright.

Note : I am using GPMMA (Guppy Multiple Moving Averages) for the above analysis. For more information, please check out : http://gpmma.blogspot.com/2012/11/gpmma.html

No comments:

Post a comment