NASDAQ = Bullish
S&P 500 = Bullish ( Broke ALL TIME HIGH ) 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
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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