Saturday, 7 September 2013

China, Korea & Japan Are Doing Well

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


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

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 

S&P 500 Index turned Bearish this week while Shang Hai Composite Index & Seoul Composite Index turned Bullish. Actually, Nikkei225 is also near it's turning point to Bullish mode.
It is obvious that the China, Korea & Japan stock markets would perform well from now on. I guess it is logic to assume the fund has shifted to these three countries from our side here.
I am in the process of looking for good counters to invest & trade in Hang Seng Stock Exchange.

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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