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
No comments:
Post a Comment