Sunday, 23 February 2014

Markets Globally Potential Sideways Ahead

DOW JONE = Bearish
NASDAQ = Bullish 
S and P 500 = Bullish ( Turned Bullish on 18 Feb 2014 ) 

FTSE 100 (England) = Bullish ( Turned Bullish This Week on 28 Feb 2014 ) 
DAX (Germany) = Bullish 
CAC 40 (France) = Bullish( Turned Bullish On 13 Feb 2014 ) 
HANG SENG = Bearish 
SHANG HAI = Bearish 
NIKKEI225 = Bearish 
SEOUL = Bearish 
STRAITS TIMES = Bearish 
TAIWAN WEIGHTED = Bullish
Jakarta Composite Index = Bullish
KLCI = Bullish ( Turned Bullish This Week on 19 Feb 2014 ) 
ASX ( Australia All Ordinary Shares Index ) = Bullish ( Turned Bullish on 17 Feb 2014 ) 
BSE 30 ( Sensex - Bombay ) = Bearish
Newly Added - PSI (Philipines Stock Exchange Index) = Bullish ( Turned Bullish Finally on 19 Feb 2014 ) 
Newly Added - TSEC (Thailand Stock Exchange Weighted Index) = Bullish

Six indexes turned Bullish This Week namely :
- S&P 500
- FTSE 100
- CAC 40
- KLCI
- ASX
- PSI
Despite the rebound for some indexes globally, just like Malaysia share market, I will not rush into purchasing stocks as it usually follows by a sideways before the markets deciding the next direction; ups or downs.

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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