Saturday, 31 August 2013

All Sectors In Bearish Mode

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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