Saturday, 15 June 2013

8 Markets Globally In Bearish Mode Now

DOW JONE = Bullish ( It broke ALL TIME HIGH )
NASDAQ = Bullish 
S&P 500 = Bullish ( Broke ALL TIME HIGH )


FTSE 100 (England) = Bearish(Turned Bearish This Week) 
DAX (Germany) = Bullish 
CAC 40 (France) = Bullish

HANG SENG = Bearish ( Backed To Bearish Again ) 
SHANG HAI = Bearish (Turned Bearish This Week) 
NIKKEI225 = Bullish
SEOUL = Bearish (Turned Bearish This Week) 

STRAITS TIMES = Bullish 
TAIWAN WEIGHTED = Bullish               
Jakarta Composite Index = Bearish(Turned Bearish This Week)
KLCI = Bullish
Newly added - ASX ( Australia All Ordinary Shares Index ) = Bearish 
Newly added - BSE 30 ( Sensex - Bombay ) = Bearish (Turned Bearish This Week) 


Five markets turned Bearish this week namely FTSE 100 (England) , Shang Hai Composite Index , Seoul , Jakarta Composite Index and BSE 30 (Sensex - Bombay) making 8 global markets in Bearish mode out of 16.
In my personal view, a correction is timely as the global markets have been bullish for a long time.

Index With All Time High : (update weekly)  
1st : Jarkarta Composite Index 
2nd : Dow Jone Industrial Average Index 
3rd : S&P500 Index

Index In Bearish Mode : (update weekly)
1st : ASX ( Australia ) 
2nd : Heng Seng ( Hong Kong ) 
3rd : Straits Time Index ( Singapore ) 
4th :  FSTE 100 (England) 
5th : Shang Hai 
6th : Seoul 
7th : Jakarta 
8th : BSE 30

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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