Sentiment Index - Malaysia Stock Market

Constructed and written by Smartbiz

Local sentiment sank into pure pessimism after regional markets shocked by US market’s loss of 274 points last Friday. The dismal news of job report suggested that the U.S. economy is enduring a midyear slump just as in 2010 and 2011. The Intraday Sentiment Oscillator slid deep in the red to end at -845.19; lost 186.16 when compares with its opening point. The Average recorded a loss of 713.28.

In MSCD, %K (Yellow) computed as -230.16 (-87.81), %D (Red) -244.52 (-37.51), %A (Pink) -242.88 (-17.75) and the Histogram +37.47 (-5.78).

All line indicators slip after today’s trade and the Histogram prints its first short bar after four ascending positive bars.

The positive base built for nearly two weeks eventually succumbed to external effect and gradually lost its ground. Though both %K and %D have not touched their trigger points but is just a matter of time. In such a weak market, the only console came from the low volume.

Investor has to opt for sideline now while waiting for clearer indication from the chart.

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