Local sentiment retreated this morning as regional markets fell after a state media report suggested stimulus spending in China will be relatively mild. Among all, Hang Seng lost nearly 2%. The Intraday Sentiment Oscillator slid into the red but, again, last minute buying pulled it to end at +96.40; lost 69.13 when compares with its opening point. The Average recorded a gain of 1.49.In MSCD, %K (Yellow) computed as -116.65 (+21.47), %D (Red) -206.18 (+16.62), %A (Pink) -225.19 (+8.55) and the Histogram +30.74 (+14.70).
All line indicators continue to move higher and the Histogram printed its second positive bar.
With %D successfully stay above %A, market sentiment is confirmed running in a mini-rally. If market can sustain such positive mood till the end of the school holiday and more participation arises, a real rally will be materialized.
(Note: Explanation on Intra-Day MSO and MSCD are archived under "Labels" at the sidebar.)
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Market is fluctuating, so sometimes goes up and sometimes down, so investment should be wisely at this time. If you have money that you can invest, this is the time for investment becoz market is down and you can earn maximum when market will go up.
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