Buy Salcon 20,000 at RM0.46

Stock Name : Salcon (8567)
Date Of Purchase : 22 Nov 2012
Purchased Price : RM 0.46
Quantity : 20,000
Reason To Buy :
1. MACD Divergent With The Price : There is a divergent between MACD and the price. The low of MACD is heading higher despite the price has been lower.
2. GPMMA is bullish now
3. Quarterly result play potential. We have two months (Oct 2012 & Nov 2012) to wait and see it there is 'good' news. The Sept 2012 Quarterly result will have to be out by Nov 2012)

Bearish Sectors Increasing

Composite Index (KLCI) = Bearish (It turned Bearish this week) 

1. Construction Index = Bullish 
2. Consumer Index = Bearish (It turned Bearish again this week) 
3. Finance Index = Turned Bullish Again
4. Industrial Index = Bearish
5. Industrial Products Index  = Bearish (It was back to Bearish agin this week) 
6. Plantation Index = Bearish (Broke Recent Low) 
7. Property Index = Turned Bullish Again 
8. Technology Index = Bearish (Broke Recent Low) 
9. Trading And Services Index = Bearish 

Six out of nine sectors are bearish. With KLCI also turned bearish, the whole market of Bursa Malaysia is not looking good. Moreover, despite the recent low of KLCI remained higher than the previous low, the low of MACD is getting low (a bearish divergent emerged). There is high chance that the market could head lower. 

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

Nikkei Bullish & KLCI Bearish

DOW JONE = Bearish

NASDAQ = Bearish
S&P 500 = Bearish

FTSE = Bearish 

DAX = Bullish 

HANG SENG = Bullish
SHANG HAI = Bearish

NIKKEI225 = Bullish (Rebounded strongly and turnd Bullish) 
SEOUL = Bearish
TRAITS TIMES = Bearish
TAIWAN WEIGHTED = Bearish 

Jakarta Composite Index = Bullish
KLCI = Bearish (This week turned Bearish) 

There are major change in the market this week; Nikkei225 turned bullish very strongly and KLCI turned bearish with 14 trading days straight down. 

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

Industrial And Trading & Services Index Turned Bearish This Week

Composite Index (KLCI) = Bullish 

1. Construction Index = Just Turn Bullish 
2. Consumer Index = Turn Bullish Now 
3. Finance Index = Turned Bullish Again
4. Industrial Index = Bearish (This week turned Bearish) 
5. Industrial Products Index  = Turn Bullish Again
6. Plantation Index = Bearish (Broke Recent Low) 
7. Property Index = Turned Bullish Again 
8. Technology Index = Bearish (Broke Recent Low) 
9. Trading And Services Index = Bearish (This week turned Bearish) 

Industrial Index and Trading & Services Index turned Bearish this week making it 4 out of 9 sector indexes are in bearish mode. With global markets turning bearish one after another, the future is not looking bright.

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

Only Three Markets Remain bullish

DOW JONE = Bearish

NASDAQ = Bearish
S&P 500 = Bearish

FTSE = Bearish (This week turned Bearish) 

DAX = Bullish (About to turn Bearish) 

HANG SENG = Bullish
SHANG HAI = Bearish

NIKKEI225 = Bearish (This week also turned Bearish)
SEOUL = Bearish
TRAITS TIMES = Bearish
TAIWAN WEIGHTED = Bearish 

Jakarta Composite Index = Bullish
,KLCI = Bullish 

FTSE turned bearish this week and DAX will turn bearish soon. US market is obvious in bearish mode. While there are only three market remain bullish in Asia ; Hang Seng, Jakarta and KLCI. Watch Out! 

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

So Far So Good - Sectors Watch

Composite Index (KLCI) = Bullish 

1. Construction Index = Just Turn Bullish 
2. Consumer Index = Turn Bullish Now 
3. Finance Index = Turned Bullish Again
4. Industrial Index = Turn Bullish Too  
5. Industrial Products Index  = Turn Bullish Again
6. Plantation Index = Bearish (Broke Recent Low) 
7. Property Index = Turned Bullish Again 
8. Technology Index = Bearish (Broke Recent Low) 
9. Trading And Services Index = Bullish 

No changes again for this week of Malaysia share market in terms of all the indexes in difference sectors. 

S&P 500 And STI Turned Bearish

DOW JONE = Bearish

NASDAQ = Bearish
S&P 500 = Confirmed Bearish This Week

FTSE = Bullish (Sideways) 

DAX = Bullish (Sideways)

HANG SENG = Bullish
SHANG HAI = Bearish

NIKKEI225 = Bullish (Sideways)
SEOUL = Bearish
TRAITS TIMES = Confirmed Bearish This Week
TAIWAN WEIGHTED = Bearish 

Jakarta Composite Index = Bullish
,KLCI = Bullish 

This week, S&P 500 turned bearish and also Straits Time Index. The rest remain the same. 

Nothing Change For KLCI In Different Sectors

There was no change in terms of market condition for KLCI in different sectors; 7 sectors are bullish while 2 sectors remain bearish (Plantation and Technology Index). 

US Market Effected By Election & Hurricane

DOW JONE = Confirmed Bearish
NASDAQ = Bearish
S&P 500 = Bullish (About to turn bearish)

FTSE = Bullish 

DAX = Bullish 

HANG SENG = Bullish

SHANG HAI = Bearish (Rebounded) 

NIKKEI225 = Bullish but looks sideways 
SEOUL = Confirmed Bearish
TRAITS TIMES = Bullish 

TAIWAN WEIGHTED = Bearish 

Jakarta Composite Index = Bullish 
KLCI = Bullish

It is obvious US market is in the red. Maybe it is due to the coming election and hurricane. Asian markets and Europe markets are doing fine.