Saturday, 16 March 2013

Hang Seng Turned Bearish

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


FTSE 100 (England) = Bullish
DAX (Germany) = Bullish      
CAC 40 (France) = Bullish
HANG SENG = Bearish (Turned Bearish This Week)
SHANG HAI = Bullish  
 
NIKKEI225 = Bullish
SEOUL = Bullish 
STRAITS TIMES = Bullish
TAIWAN WEIGHTED = Bullish           

Jakarta Composite Index = Bullish ( ALL TIME HIGH and GOING STRONG)
KLCI = Bullish (Turned Bullish This Week But In Correction) 

Two things happened this week; 
1. Hang Seng Index turned Bearish 
2. KLCI was back to Bullish mode however it corrected on Friday (anyway GPMMA managed to stay above) 
With the above changes, Hang Seng Index is the only exchange in Bearish mode. I am not sure the reason but the important thing is to be aware when investing in Hong Kong and China stock market

Index With All Time High : (update weekly)  
1st : Jarkarta Composite Index 
2nd : Dow Jone Industrial Average Index 
Index In Bearish Mode : (update weekly)  
KLCI Backed to Bullish Again   
Hang Seng Index 
 
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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