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Saturday, November 5, 2011

Sentiment Index - Malaysia Stock Market

Constructed and Written by Smartbiz

Asia stocks rallied on Friday, with exporters and resource firms among the notable gainers, following a surprise interest-rate cut by the European Central Bank and after Greece shelved plans for a financial-bailout referendum. (WSJ)

Market Sentiment
Local sentiment swayed with regional markets reversed into optimism again. The Oscillator was in high plateau for the whole session to finish at 2,037.40; gained 332.50 when compares with its opening point. The Average recorded a gain of 1,949.81.

At the end of the day, %K (Yellow) of MSCD computed as +255.41 (+307.96), %D (Red) +191.94 (+140.68) and the Histogram +62.73 (+0.19).

Both indicators hooked up sharply and %K returned to positive zone. The Histogram printed a slightly longer bar.


Market sentiment turned robust in high volume today. Total volume increased by about 23.76% to 2.30 billion.

Due to the forever changing development of the European crisis, it is very hard to forecast market trend now a day. Many analysts have to recall their forecasts at the end of the day.

In MSCD, though %K has returned to positive area but market sentiment will remain weak and volatile. The reversal will only be confirmed when the Histogram has stopped its topping process.

Key Index
(Chart posted with courtesy of ChartNexus)
FBMKLCI gained more than 15 points to end at 1,477.51. Though most indicators signal a continuous upswing is possible but uptrend will only be confirmed after the index broke through the support-turn-resistance level.

FBMACE jumped and finished above the 200SMA in high volume today. Those who had bid on ACE counters should have made a good return. Based on chart, the ACE Market is in its initial stage of a rally.

(Note: Explanation for Intra-Day MSO and MSCD are archived under "Labels" at the lower portion of the sidebar.)

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