Saturday, 5 October 2013

Weakness Ahead : Finance Index Backed To Bearish

Composite Index (KLCI) = Bullish 
1. Construction Index = Bullish (Turned Bullish This Week) 
2. Consumer Index = Bearish
3. Finance Index = Bearish ( Turned Bearish This Week ) 
4. Industrial Index = Bullish 

5. Industrial Products Index = Bullish ( ALL Time High ) 
6. Plantation Index = Bullish 
7. Property Index = Bearish
8. Technology Index = Bullish 
9. Trading And Services Index = Bullish 

To my surprise, Finance Index is back to Bearish again. The bullishness only last for a week. This is not good actually indicating the weakness ahead. Finance Sector is always the early indicator for the direction of the entire market. The coming week is crucial.
Construction Index turned Bullish this week.

Sectors In All Time High : (updated weekly) 
1st : Industrial Product Index

Sectors Turned Bullish In Sequence : (updated weekly) 
1st : Industrial Products Index (13 Sept 2013) 
2nd : KLCI (20 Sept 2013) 
2nd : Industrial Index (20 Sept 2013) 
2nd : Plantation Index (20 Sept 2013) 
2nd : Technology Index (20 Sept 2013) 
2nd : Trading And Services Index (20 Sept 2013) 
3rd : Construction Index (1 Oct 2013) 



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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