Sunday, 17 November 2013

Three Indexes Turned Bearish This Week

DOW JONE = Bullish (All Time High) 
NASDAQ = Bullish 
S and P 500 = Bullish (All Time High)

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

True enough, there are three stock markets turned Bearish this week namely Shang Hai Composite Index, Jakarta Composite Index and Philipines Stock Exhange Index despite Dow Jones Industrial Average (DJIA) and S&P 500 reached all time high. This could mean Asian markets are weak. It looks like more will join the Bearish Mode soon.

Global Market Turning Bearish In Sequence : (Update Weekly) 
1st Shang Hai Composite Index (8 Nov 2013) 
2nd Jakarta Composite Index (13 Nov 2013) 
3rd Philipines Stock Exchange Index (15 Nov 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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