Saturday, 19 October 2013

Markets Bullish Despite Worldwide Worry

DOW JONE = Bullish ( Turned Bullish This Week Again ) 
( Note : I made a mistake that DJIA actually turned Bearish Last week) 
NASDAQ = Bullish 
S and P 500 = Bullish

FTSE 100 (England) = Bullish ( Turned Bullish This Week ) 
DAX (Germany) = Bullish 
CAC 40 (France) = Bullish
HANG SENG = Bullish 
SHANG HAI = Bullish 
NIKKEI225 = Bullish
SEOUL = Bullish
STRAITS TIMES = Bullish 
TAIWAN WEIGHTED = Bullish
Jakarta Composite Index = Bullish ( Finally Turned Bullish This Week ) 
KLCI = Bullish 
ASX ( Australia All Ordinary Shares Index ) = Bullish
BSE 30 ( Sensex - Bombay ) = Bullish 
Newly Added - PSI (Philipines Stock Exchange Index) = Bullish ( Turned Bullish This Week ) 
Newly Added - TSEC (Thailand Stock Exchange Weighted Index) = Bullish 

Last two indexes I monitor turned Bullish this week ; Jakarta Composite Index and Phillipines Stock Exchange Index, making the global markets totally in Bullish Mode. Despite the worry on the potential of US credit default, markets as usual give us a surprise and head the opposite direction. As a trader or investor, we have to follow the numbers not the feelings.

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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