The high volume but little change in index is evident that market has shifted into the lower-zone battle field. A lot of low-liner laggards were seen surging above the horizontal.
Asian stocks were mixed on Monday after a higher open. Sentiment was supported by by a fall in the U.S. jobless rate which boosted stocks on Wall Street Friday.
“The market is in a comfortable situation right now where the [U.S. Federal Reserve’s] quantitative-easing policy will continue even as the U.S. economy is on a moderate recovery trend,‿said Takashi Ushio, general manager at Marusan Securities. (MarketWatch)
After 5.00pm, Japanese market up by 0.46% but Hong Kong down 1.49% and Singapore 0.59%.
At the local front, FBMKLCI opened with gain of about 10 points but profit taking pressed it lower after two hours trade. However, the index managed to regain its strength after the break but still ended off low at 1,535.60 (+3.78/0.25%). Total Volume was 3,238m (+1,707m). (FBMKLCI Chart extracted from Jupiter)
Market sentiment followed key index swung up and down with the Oscillator managed to end off low at 2,078.97 lost 1,029.40 when comparing with its starting point. The Average recorded a gain 1,355.09.
Conclusion
In the MSCD, K% Line (yellow) recorded as +209.38 (+208.24), D% Line (red) +52.51 (+104.25) and the Histogram -61.71 (+54.65).
After today’s trade, both key indicators continued its upswing from last session, pointed sharply up and jumped into positive zone. The Histogram printed a shorter bar but remains in negative zone. The indicators were moving so fast that the histogram failed to follow. However, this does not alter the bullish outlook of the chart.
Need not to say, market sentiment is extremely bullish with volume exceeded 3 billion shares. The high volume but little change in index is evident that market has shifted into the lower-zone battle field. A lot of low-liner laggards were seen surging above the horizontal.
On the hand, FBMKLCI was capped by its 12-Day SMA around 1,541 with volume of 30 Big Caps shrinking further, today. As all indicators from daily charts are still staying in consolidation mode, the index is expected to move in tight range with overhead resistance ranging from 1,541 to 1,544. (Chart extracted from 188OMS)
Asian stocks were mixed on Monday after a higher open. Sentiment was supported by by a fall in the U.S. jobless rate which boosted stocks on Wall Street Friday.
“The market is in a comfortable situation right now where the [U.S. Federal Reserve’s] quantitative-easing policy will continue even as the U.S. economy is on a moderate recovery trend,‿said Takashi Ushio, general manager at Marusan Securities. (MarketWatch)
After 5.00pm, Japanese market up by 0.46% but Hong Kong down 1.49% and Singapore 0.59%.
At the local front, FBMKLCI opened with gain of about 10 points but profit taking pressed it lower after two hours trade. However, the index managed to regain its strength after the break but still ended off low at 1,535.60 (+3.78/0.25%). Total Volume was 3,238m (+1,707m). (FBMKLCI Chart extracted from Jupiter)
Market sentiment followed key index swung up and down with the Oscillator managed to end off low at 2,078.97 lost 1,029.40 when comparing with its starting point. The Average recorded a gain 1,355.09.Conclusion
In the MSCD, K% Line (yellow) recorded as +209.38 (+208.24), D% Line (red) +52.51 (+104.25) and the Histogram -61.71 (+54.65).
After today’s trade, both key indicators continued its upswing from last session, pointed sharply up and jumped into positive zone. The Histogram printed a shorter bar but remains in negative zone. The indicators were moving so fast that the histogram failed to follow. However, this does not alter the bullish outlook of the chart.Need not to say, market sentiment is extremely bullish with volume exceeded 3 billion shares. The high volume but little change in index is evident that market has shifted into the lower-zone battle field. A lot of low-liner laggards were seen surging above the horizontal.
On the hand, FBMKLCI was capped by its 12-Day SMA around 1,541 with volume of 30 Big Caps shrinking further, today. As all indicators from daily charts are still staying in consolidation mode, the index is expected to move in tight range with overhead resistance ranging from 1,541 to 1,544. (Chart extracted from 188OMS)Constructed and Written by Smartbiz (Click on chart to view)
(Note: You can read the explanation for Intra-Day MSO and MSCD from the achieves under heading "Labels" at the lower portion of the sidebar.)
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