Saturday, 19 October 2013

Two More Sectors Turned Bullish

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

Malaysia stock market performed better than expected. There are two more sectors turned Bullish based on GPMMA this week ; Consumer Index and Finance Index.
Sometimes, we just have to look at the numbers instead of believing or feeling the direction of markets. Numbers don't lie, we do.
It looks like the market could head for a new high. I know many well known analysts were Bearish the over all market. In fact, some even raise 100% cash. Just wait and see how it goes.

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) 
4th : Finance Index (17 Oct 2013) 
5th : Consumer Index (18 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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