Saturday, 23 November 2013

Two More Asian Markets Turned Bearish

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

FTSE 100 (England) = Bullish 
DAX (Germany) = Bullish (All Time High) 
CAC 40 (France) = Bullish - divergent 
HANG SENG = Bullish - divergent 
SHANG HAI = Bullish (Backed To Bullish Again This Week) 
NIKKEI225 = Bullish - divergent
SEOUL = Bullish - divergent
STRAITS TIMES = Bullish 
TAIWAN WEIGHTED = Bearish (Turned Bearish This Week) 
Jakarta Composite Index = Bearish 
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) = Bearish (Turned Bearish This Week) 

This week, two more Indexes joint the Bearish bandwagon namely Taiwan Weighted Index and Thailand Stock Exchange Weighted Index. However, Shang Hai Composite Index was back to Bullish mode.
It looks like more Asian markets would join the Bearish bandwagon 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) 
4th Taiwan Weighted Index (21 Nov 2013) 
4th Thailand Stock Exchange Weighted Index (21 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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