Saturday, 31 August 2013

FTSE 100 Turned Bearish , Hange Seng Index Might Do Well

DOW JONE = Bearish
NASDAQ = Bullish 
S and P 500 = Bullish 


FTSE 100 (England) = Bearish ( Turned Bearish This Week ) 
DAX (Germany) = Bullish 
CAC 40 (France) = Bullish
HANG SENG = Bullish 
SHANG HAI = Bearish 
NIKKEI225 = Bearish
SEOUL = Bearish

STRAITS TIMES = Bearish 
TAIWAN WEIGHTED = Bearish 
Jakarta Composite Index = Bearish
KLCI = Bearish
ASX ( Australia All Ordinary Shares Index ) = Bullish
BSE 30 ( Sensex - Bombay ) = Bearish 
Newly Added - PSI (Philipines Stock Exchange Index) = Bearish 
Newly Added - TSEC (Thailand Stock Exchange Weighted Index) = Bearish 

FTSE 100 Index (England) turned Bearish this week remaining 4 markets in Bullish mode.
One thing worth to mention this week would be the divergent between the index and MACD for Hang Seng Index.
Despite the plunge in Hang Seng Index, the MACD is actually maintaining well or at least level to the previous pick. This is a very Bullish sign for Hang Seng 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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