Local sentiment succumbed to external effect reversed to pessimism as the Intra-day Oscillator soaked in the red whole day to end at -570.93; lost 310.09 when compares with its starting point. The Average recorded a gain of 486.57.
At the end of the day, %K(yellow) of MSCD recorded as -165.97 (-58.27), %D(red) -152.54 (+26.36) and the Histogram -9.45 (+6.89). Both indicators surged higher and %K cut %D decisively. The Histogram printed another shorter negative bar.
MSCD shows that overall market sentiment has been disturbed by the US debt ceiling negotiation. The optimism built recently was hurt again. Investor will mostly sideline before clearer information was given.
Constructed and Written by Smartbiz
(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.)
No comments:
Post a Comment