Composite Index (KLCI) = Bearish
1. Construction Index = Bearish ( Turned Bearish This Week )
2. Consumer Index = Bearish ( Turned Bearish This Week )
3. Finance Index = Bearish
4. Industrial Index = Bearish
5. Industrial Products Index = Bearish ( Turned Bearish This Week )
6. Plantation Index = Bearish
7. Property Index = Bearish
8. Technology Index = Bearish ( Turned Bearish This Week )
9. Trading And Services Index = Bearish ( Turned Bearish This Week )
The remaining Sectors joined the Bearish bandwagon making all sectors in Bearish Mode now. This is expected given the global market selling down for the last few weeks. I have been selling my stocks for the past week, and I hope you did too.
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)
2nd : Construction Index
2nd : Consumer Index
2nd : Industrial Products Index
2nd : Technology Index
2nd : Trading And Services Index
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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