Saturday, 24 August 2013

5 Out Of 10 Sector Indexes Turned Bearish. Watch Out!

Composite Index (KLCI) = Bearish ( Turned Bearish This Week ) 
 
1. Construction Index = Bullish 
2. Consumer Index = Bullish 
3. Finance Index = Bearish ( Turned Bearish This Week ) 
4. Industrial Index = Bearish ( Turned Bearish This Week ) 

5. Industrial Products Index = Bullish 
6. Plantation Index = Bearish ( Turned Bearish This Week ) 
7. Property Index = Bearish ( Turned Bearish This Week ) 
8. Technology Index = Bullish
9. Trading And Services Index = Bullish 

Five out of ten index (KLCI included) turned Bearish this week. This is understandable as the global market plunge. As investors, we should not add more position for now. It is obvious that the markets will have hard time to continue the rally which lasted for several years.

Sectors Turned Bearish In Sequence : (updated weekly) 
1st : Finance Index 
1st : Industrial Index 
1st : Plantation Index 
1st : Property Index 
(The above Indexes turned Bearish all in the same 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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