Saturday, 23 March 2013

Dow Jones Might Rest For Now

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
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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