Saturday, 23 February 2013

MACD Weakness For DJI & Nikkei225

DOW JONE = Bullish ( It is near all time high )
NASDAQ = Bullish 
S&P 500 = Bullish ( It is near all time high )


FTSE (England) = Bullish
DAX (Germany) = Bullish    
CAC 40 (France) = Bullish 
HANG SENG = Bullish
SHANG HAI = Bullish  

NIKKEI225 = Bullish
SEOUL = Bullish ( Rebounded back to Bullish again )
STRAITS TIMES = Bullish
TAIWAN WEIGHTED = Bullish       
 
Jakarta Composite Index = Bullish ( ALL TIME HIGH and GOING STRONG)
KLCI = Bearish

There are two things to mention this week ; 
1. SEOUL is now back to Bullish again indicating the strong bull ahead of the entire market  
2. JAKARTA Composite Index kept breaking NEW HIGH then closed at 4651.123 (All Time High = 4656.130 ) 

The global market has been bullish since last year. Some markets even broke new high like Jakarta Composite Index and Nasdaq. The next question that pop to our mind would be what would be next for us? 

In order to answer the question, I would suggest we look into the technical indicator ; MACD for direction. See if there is any weakness ahead of us to help us in our trading and investing. 
Dow Jones Industrial Average has been Bullish based on technical indicator ; GPMMA. However, looking at technical indicator of MACD, DJI might head for correction or at least sideways ; the green line has closed below the red line and heading downwards.
There is a divergent between Nikkei225 and MACD; the index kept heading higher but the MACD is going down. 
Both MACD of DJI and Nikkei225 are heading downwards. Which means that the bullish momentum is disappearing soon.

Sectors With All Time High : (update weekly)  
Jarkarta Composite Index 

Sectors Turned Bearish : (update weekly)  
KLCI 
 
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

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