NASDAQ = Bullish
S&P 500 = Bullish ( It is near all time high ) DAX (Germany) = Bullish CAC 40 (France) = Bullish
HANG SENG = Bearish
SHANG HAI = Bullish NIKKEI225 = Bullish
SEOUL = Bullish
STRAITS TIMES = Bullish
TAIWAN WEIGHTED = Bullish
Jakarta Composite Index = Bullish
KLCI = Bearish (Turned Bearish This Week AGAIN)
It is obvious that global markets are still bullish with only Hang Seng Index and KLCI in Bearish Mode.The only thing worth to mention this week would be the divergent between Down Jone Industrial Average Indexand it's MACD; The index has been hitting new high BUT the MACD is maintaining.
Index With All Time High : (update weekly)
1st : Jarkarta Composite Index
2nd : Dow Jone Industrial Average Index
Index In Bearish Mode : (update weekly)
Hang Seng Index
KLCI Backed To Bearish Again This Week
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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