Three Indexes Turned Bearish This Week

DOW JONE = Bullish (All Time High) 

NASDAQ = Bullish 

S and P 500 = Bullish (All Time High)

FTSE 100 (England) = Bullish 

DAX (Germany) = Bullish 

CAC 40 (France) = Bullish - divergent 

HANG SENG = Bullish - divergent 

SHANG HAI = Bearish (Turned Bearish This Week) 

NIKKEI225 = Bullish - divergent

SEOUL = Bullish - divergent

STRAITS TIMES = Bullish 

TAIWAN WEIGHTED = Bullish - divergent 

Jakarta Composite Index = Bearish (Turned Bearish This Week)

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) = Bullish - divergent 

True enough, there are three stock markets turned Bearish this week namely Shang Hai Composite Index, Jakarta Composite Index and Philipines Stock Exhange Index despite Dow Jones Industrial Average (DJIA) and S&P 500 reached all time high. This could mean Asian markets are weak. It looks like more will join the Bearish Mode 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) 

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

Property Sector Over Heated?

Composite Index (KLCI) = Bullish 

1. Construction Index = Bullish 

2. Consumer Index = Bullish 

3. Finance Index = Bearish ( Turned Bearish This Week ) 
4. Industrial Index = Bullish 

5. Industrial Products Index = Bullish ( ALL Time High ) 

6. Plantation Index = Bullish 

7. Property Index = Bearish 

8. Technology Index = Bullish 

9. Trading And Services Index = Bullish ( All Time High ) 

Finance Index turned Bearish this week making it two sector indexes are in Bearish Mode ; Finance Index and Property Index. These two sectors are closely related and it is obvious that property market is over heated. A cooling down is necessary. Further more, there is general believe that interest globally is on the rise.

Sectors Turning Bearish In Sequence : (Updated Weekly) 
1st Finance Sector 
2nd Property Sector (15 Nov 2013) 

Sectors In All Time High : (updated weekly) 

1st : Industrial Product Index

2nd : Trading And Services Index 

Sectors Turned Bullish In Sequence : (updated weekly) 

1st : Industrial Products Index (13 Sept 2013) 

2nd : KLCI (20 Sept 2013) 

2nd : Industrial Index (20 Sept 2013) 

2nd : Plantation Index (20 Sept 2013) 

2nd : Technology Index (20 Sept 2013) 

2nd : Trading And Services Index (20 Sept 2013) 

3rd : Construction Index (1 Oct 2013) 

4th : Finance Index (17 Oct 2013) 

5th : Consumer Index (18 Oct 2013)

6th : Property Index (21 Oct 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 

So Far So Good Globally

DOW JONE = Bullish 

NASDAQ = Bullish 

S and P 500 = Bullish

FTSE 100 (England) = Bullish 

DAX (Germany) = Bullish 

CAC 40 (France) = Bullish - divergent 

HANG SENG = Bullish - divergent 

SHANG HAI = Bullish - divergent

NIKKEI225 = Bullish - divergent

SEOUL = Bullish - divergent

STRAITS TIMES = Bullish 

TAIWAN WEIGHTED = Bullish - divergent 

Jakarta Composite Index = Bullish 

KLCI = Bullish 

ASX ( Australia All Ordinary Shares Index ) = Bullish - divergent 

BSE 30 ( Sensex - Bombay ) = Bullish 

Newly Added - PSI (Philipines Stock Exchange Index) = Bullish 

Newly Added - TSEC (Thailand Stock Exchange Weighted Index) = Bullish - divergent 

There is no change in terms of market condition globally. All of the above indexes are still Bullish based on GPMMA. The 'divergent' situation remains making it the potential correction. Let's see

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

Watching & Waiting - Malaysian Stock Market

Composite Index (KLCI) = Bullish 

1. Construction Index = Bullish 

2. Consumer Index = Bullish 

3. Finance Index = Bullish 
4. Industrial Index = Bullish 

5. Industrial Products Index = Bullish ( ALL Time High ) 

6. Plantation Index = Bullish 

7. Property Index = Bearish 

8. Technology Index = Bullish 

9. Trading And Services Index = Bullish ( All Time High ) 

There is no change in Malaysian stock market condition. It has been a sideways for the past week. Based on the weakening MACD, I am more towards Bearish in the near future.

Sectors In All Time High : (updated weekly) 

1st : Industrial Product Index

2nd : Trading And Services Index 

Sectors Turned Bullish In Sequence : (updated weekly) 

1st : Industrial Products Index (13 Sept 2013) 

2nd : KLCI (20 Sept 2013) 

2nd : Industrial Index (20 Sept 2013) 

2nd : Plantation Index (20 Sept 2013) 

2nd : Technology Index (20 Sept 2013) 

2nd : Trading And Services Index (20 Sept 2013) 

3rd : Construction Index (1 Oct 2013) 

4th : Finance Index (17 Oct 2013) 

5th : Consumer Index (18 Oct 2013)

6th : Property Index (21 Oct 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 

Bullish Globally Might Continue

DOW JONE = Bullish 

NASDAQ = Bullish 

S and P 500 = Bullish

FTSE 100 (England) = Bullish 

DAX (Germany) = Bullish 

CAC 40 (France) = Bullish - divergent 

HANG SENG = Bullish - divergent 

SHANG HAI = Bullish - divergent

NIKKEI225 = Bullish - divergent

SEOUL = Bullish - divergent

STRAITS TIMES = Bullish 

TAIWAN WEIGHTED = Bullish - divergent 

Jakarta Composite Index = Bullish 

KLCI = Bullish 

ASX ( Australia All Ordinary Shares Index ) = Bullish - divergent 

BSE 30 ( Sensex - Bombay ) = Bullish 

Newly Added - PSI (Philipines Stock Exchange Index) = Bullish 

Newly Added - TSEC (Thailand Stock Exchange Weighted Index) = Bullish - divergent 

All of the aboves are still in Bullish Mode. Based on the general sentiment of fearing the high, the market could be continue to the upside.

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

Property Index Backed To Bearish Again

Composite Index (KLCI) = Bullish 

1. Construction Index = Bullish 

2. Consumer Index = Bullish 

3. Finance Index = Bullish 
4. Industrial Index = Bullish 

5. Industrial Products Index = Bullish ( ALL Time High ) 

6. Plantation Index = Bullish 

7. Property Index = Bearish ( Backed To Bearish This Week Again ) 

8. Technology Index = Bullish 

9. Trading And Services Index = Bullish ( All Time High ) 

Property Index is making the headline again. It is back to Bearish Mode again. Government policy plays a very important role in the direction of indexes. In this case, an increase in real property gain tax would immediately caused the plunge in property sector.

Sectors In All Time High : (updated weekly) 

1st : Industrial Product Index

2nd : Trading And Services Index 

Sectors Turned Bullish In Sequence : (updated weekly) 

1st : Industrial Products Index (13 Sept 2013) 

2nd : KLCI (20 Sept 2013) 

2nd : Industrial Index (20 Sept 2013) 

2nd : Plantation Index (20 Sept 2013) 

2nd : Technology Index (20 Sept 2013) 

2nd : Trading And Services Index (20 Sept 2013) 

3rd : Construction Index (1 Oct 2013) 

4th : Finance Index (17 Oct 2013) 

5th : Consumer Index (18 Oct 2013)

6th : Property Index (21 Oct 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 

8 Indexes In Divergent Between Indexes & MACD

DOW JONE = Bullish 

NASDAQ = Bullish 

S and P 500 = Bullish

FTSE 100 (England) = Bullish 

DAX (Germany) = Bullish 

CAC 40 (France) = Bullish - divergent 

HANG SENG = Bullish - divergent 

SHANG HAI = Bullish - divergent

NIKKEI225 = Bullish - divergent

SEOUL = Bullish - divergent

STRAITS TIMES = Bullish 

TAIWAN WEIGHTED = Bullish - divergent 

Jakarta Composite Index = Bullish 

KLCI = Bullish 

ASX ( Australia All Ordinary Shares Index ) = Bullish - divergent 

BSE 30 ( Sensex - Bombay ) = Bullish 

Newly Added - PSI (Philipines Stock Exchange Index) = Bullish 

Newly Added - TSEC (Thailand Stock Exchange Weighted Index) = Bullish - divergent 

Global markets are all in the blue. None of the country I monitor is in Bearish.
This week I am looking at using Divergent theory between the index and MACD. In other words, I am using this theory to find out the potential correction ahead of us. As you can see from the above, there are 8 indexes out of 18 currently in divergent between the indexes and MACD.

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