NASDAQ = Bullish
S&P 500 = Bullish ( It is near all time high ) DAX (Germany) = Bullish
CAC 40 (France) = Bullish
HANG SENG = Bearish (Turned Bearish This Week)
SHANG HAI = Bullish
NIKKEI225 = Bullish
SEOUL = Bullish
STRAITS TIMES = Bullish
TAIWAN WEIGHTED = Bullish
Jakarta Composite Index = Bullish ( ALL TIME HIGH and GOING STRONG)
KLCI = Bullish (Turned Bullish This Week But In Correction)
Two things happened this week;
1. Hang Seng Index turned Bearish
2. KLCI was back to Bullish mode however it corrected on Friday (anyway GPMMA managed to stay above)
With the above changes, Hang Seng Index is the only exchange in Bearish mode. I am not sure the reason but the important thing is to be aware when investing in Hong Kong and China stock market.
Index With All Time High : (update weekly)
1st : Jarkarta Composite Index
Index In Bearish Mode : (update weekly)
KLCI Backed to Bullish Again
Hang Seng Index
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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