Sunday, 2 February 2014

3 More Indexes Turned Bearish This Week

DOW JONE = Bullish
NASDAQ = Bullish 
S and P 500 = Bullish

FTSE 100 (England) = Bearish ( Turned Bearish This Week On 31 Jan 2014 ) 
DAX (Germany) = Bullish 
CAC 40 (France) = Bullish 
HANG SENG = Bearish 
SHANG HAI = Bearish 
NIKKEI225 = Bullish
SEOUL = Bearish 
STRAITS TIMES = Bearish 
TAIWAN WEIGHTED = Bullish 
Jakarta Composite Index = Bullish
KLCI = Bearish ( Turned Bearish This Week On 27 Jan 2014 ) 
ASX ( Australia All Ordinary Shares Index ) = Bearish ( Turned Bearish This Week On 30 Jan 2014 ) 
BSE 30 ( Sensex - Bombay ) = Bullish 
Newly Added - PSI (Philipines Stock Exchange Index) = Bearish 
Newly Added - TSEC (Thailand Stock Exchange Weighted Index) = Bullish

Three indexes further turned Bearish this week namely FTSE 100, KLCI and ASX. It also looks like US stock market will be turning Bearish based on GPMMA by next week. I would liquidate some of my shares to reduce my position since more indexes tuning Bearish.

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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