Constructed
and written by Smartbiz
Key Asian markets fell on Thursday, posting losses of up to
1.6% on worries about a global economic slowdown. Local sentiment weighed
by regional trend slipped straight into negative note shortly after opening.
The Oscillator ended at -424.98; lost 627.74 when compares with its
opening point. The Average recorded a loss of 226.32.
After today’s trade, all line indicators fell sharply and
the
Histogram continued its top-rounding process.
Data for MSCD are appended as below:
| DATE | A_OSC | %K | %D | %A | HGM |
| 5/7/2012 | 83.40 | 12.97 | 18.46 | 78.49 | 40.41 |
| 6/7/2012 | 246.89 | 48.94 | 1.20 | 66.66 | 41.87 |
| 9/7/2012 | 133.82 | 20.84 | 8.80 | 69.10 | 39.43 |
| 10/7/2012 | 88.72 | 31.28 | 1.58 | 63.36 | 38.11 |
| 11/7/2012 | 6.03 | 27.39 | 1.01 | 60.84 | 36.17 |
| 12/7/2012 | 226.32 | 11.63 | 17.71 | 66.26 | 30.16 |
| LAST+- | 232.35 | 39.02 | 16.70 | 5.42 | 6.01 |
Conclusion: Market
sentiment progressed in pure pessimism as numbers of key Asian markets suffered
more than 1% losses. At Bursa
Malaysia, losses in Genting and Tenaga dragged the key index
into the red. At market closing, Gainer was 289 and Loser 478.
In MSCD, %K fell and is just about 6 points away from %D.
Crossing this point will confirm a short-term bearish market. By then, number
of Loser will overwhelm Gainer for a longer period. Understandably, most losers
will be those small-caps and penny stocks. So long as FBMKLCI stays above 1,600
points, blue chips will regain support.
Note: Explanation on Intra-Day MSO and MSCD are
archived under "Labels" at the sidebar.
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