Malaysia Market – End of the Day

Explanation:The Daily MSO Chart keeps track of daily MSO movement for the past 100 trading days. The Daily Oscillator was constructed by composing the Numbers of Gainers and Losers weighted by Volume per minute of each market day.
As you can see, the Daily Oscillator (white) is too erratic to depict any meaningful indication of the market sentiment. That’s why it has been called “Oscillator”. The key Indicator of the Chart is the 5-Days Average (blue) which gives more meaningful indication.
The 20-Days (yellow) and 50-Days Average (red) are Secondary Indicators which act like gauges. When the 5-Days Average cut any of these two lines it confirms its trend. (Click to enlarge)

Conclusion:
Today’s market strength was not sustainable though Dow up by 62.21 points last night. Sentiment was dampened by its Asian peers as well as the retreat of CPO Future. Jan CPO Future traded below the 2,000 level and done at 1,900 down 100. KLCI finished off high at 927.62 gained 5.39 points or 0.58%.
However, today’s trade gave MSO new energy to hook higher from +90.39 yesterday to +106.27. As MSO is still staying above the uptrend channel, market will remain resilience.
Asian market mostly weaker with only Japan bucked the trend up by 1.74%. But, India tumbled by 7.25%, Hong Kong down 3.37% and Singapore 1.73%.
Meantime, report shows US Futures traded a bit lower but Stocks in Europe rally. Crude oil also higher due to freezing weather and higher storage demands by traders in anticipating shortage of crude oil.