Saturday, 24 August 2013

More & More Markets Turned Bearish Globally

DOW JONE = Bearish ( Turned Bearish This Week ) 
NASDAQ = Bullish 
S and P 500 = Bullish 


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

STRAITS TIMES = Bearish 
TAIWAN WEIGHTED = Bearish 
Jakarta Composite Index = Bearish
KLCI = Bearish ( Turned Bearish This Week ) 
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 

Four markets turned Bearish this week, Dow Jone , Nikkei225 , Seoul and KLCI. It looks like more and more markets turning Bearish. This could mean a 'Storm' ahead of us. BEWARE! We should not at least add position to our investment.
I also added two more markets namely PSI (Philipines Stock Exchange Index) and TSEC (Thailand Stocj Exchange Weighted Index). They both showed Bearish based on GPMMA.

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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