On the darker side, the continuous poor performance of both Hong Kong and Singapore markets is a worry among other global whirlpools. Both markets seem sending out warning signals on China market which is scheduled to reopen tomorrow.
Japanese and Australian stocks ended at their highest levels in several months Tuesday on upbeat corporate results, even as concerns about inflation and interest-rate increases pulled South Korean and Indian shares lower. Most other regional markets also took the opposite path.
“I still think the tone is mildly bullish and people are cautiously investing more in the market,” said BBY senior institutional trader, Peter Copeland. “Leadership has been pretty narrow... but it’s healthy to see the two biggest sectors performing well. And the geopolitical situation appears to be settling down, with oil prices edging lower.” (MarketWatch)
After 5.00pm, Japanese market up by 0.41% but Hong Kong down 0.29% and Singapore 0.21%.
At the local front, FBMKLCI opened high but peaked at 1,544 gained about 9 points. The index then gradually retreated and moved sideways for the rest of the hours and ended off low at 1,539.55 (+3.95/0.26%). Total Volume was 3,178m (-60m). (FBMKLCI Chart extracted from Jupiter)
Market sentiment failed to sustain its strong notes but receded fast, today. The Oscillator slid all the way down but last hour buying pulled it to end off high at 899.78 lost 225.42 when comparing with its starting point. The Average recorded a gain 421.02.
Conclusion
In the MSCD, K% Line (yellow) recorded as +241.93 (+32.55), D% Line (red) +79.81 (+27.31) and the Histogram -16.94 (+44.76).
After today’s trade, both key indicators edged higher and the Histogram printed a shorter negative bar. Technically, market sentiment remains strong but momentum is comparatively slower due to profit taking. Market must continue to have the sustainable capacity to absorb the huge selling in order to maintain the upswing momentum. Market sentiment will recede swiftly once trading volume shrank significantly.
On the other hand, FBMKLCI was capped at 1,544 and finished at 1,539.55, today. Based on charts, FBMKLCI has almost finished its consolidation and is going to initiate another round of rally. However, in order to confirm the reversal, the index must break through the Middle Bollinger Band which is now at 1,547. On the darker side, the continuous poor performance of both Hong Kong and Singapore markets is a worry among other global whirlpools. Both markets seem sending out warning signals on China market which is scheduled to reopen tomorrow. (Chart extracted from 188OMS)
Japanese and Australian stocks ended at their highest levels in several months Tuesday on upbeat corporate results, even as concerns about inflation and interest-rate increases pulled South Korean and Indian shares lower. Most other regional markets also took the opposite path.
“I still think the tone is mildly bullish and people are cautiously investing more in the market,” said BBY senior institutional trader, Peter Copeland. “Leadership has been pretty narrow... but it’s healthy to see the two biggest sectors performing well. And the geopolitical situation appears to be settling down, with oil prices edging lower.” (MarketWatch)
After 5.00pm, Japanese market up by 0.41% but Hong Kong down 0.29% and Singapore 0.21%.At the local front, FBMKLCI opened high but peaked at 1,544 gained about 9 points. The index then gradually retreated and moved sideways for the rest of the hours and ended off low at 1,539.55 (+3.95/0.26%). Total Volume was 3,178m (-60m). (FBMKLCI Chart extracted from Jupiter)
Market sentiment failed to sustain its strong notes but receded fast, today. The Oscillator slid all the way down but last hour buying pulled it to end off high at 899.78 lost 225.42 when comparing with its starting point. The Average recorded a gain 421.02.
ConclusionIn the MSCD, K% Line (yellow) recorded as +241.93 (+32.55), D% Line (red) +79.81 (+27.31) and the Histogram -16.94 (+44.76).
After today’s trade, both key indicators edged higher and the Histogram printed a shorter negative bar. Technically, market sentiment remains strong but momentum is comparatively slower due to profit taking. Market must continue to have the sustainable capacity to absorb the huge selling in order to maintain the upswing momentum. Market sentiment will recede swiftly once trading volume shrank significantly.
On the other hand, FBMKLCI was capped at 1,544 and finished at 1,539.55, today. Based on charts, FBMKLCI has almost finished its consolidation and is going to initiate another round of rally. However, in order to confirm the reversal, the index must break through the Middle Bollinger Band which is now at 1,547. On the darker side, the continuous poor performance of both Hong Kong and Singapore markets is a worry among other global whirlpools. Both markets seem sending out warning signals on China market which is scheduled to reopen tomorrow. (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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