Constructed
and written by Smartbiz
Most Asian stocks fell
after a private survey showed China’s
manufacturing may contract at a slower pace this month. On the other hand, Moody’s
Investors Service cut the credit outlook for Germany. Local sentiment remained
cautious with the Oscillator soaked in negative zone whole day to end at -176.78;
lost 139.25 when compares with its opening point. The Average recorded a loss
of 245.60.
After today’s trade, all line indicators fell deeper and
the Histogram leaped into negative zone after staying above the zero level for
nearly two months.
Data for MSCD are appended as below:
| DATE | A_OSC | %K | %D | %A | HGM |
| 17/7/2012 | 32.27 | 10.52 | 5.21 | 53.15 | 21.63 |
| 18/7/2012 | 6.30 | 9.87 | 4.35 | 50.99 | 20.15 |
| 19/7/2012 | 2.54 | 8.74 | 3.84 | 49.04 | 18.63 |
| 20/7/2012 | 46.01 | 0.32 | 6.97 | 48.93 | 16.37 |
| 23/7/2012 | 432.61 | 66.26 | 38.51 | 62.88 | 7.54 |
| 24/7/2012 | 245.60 | 93.84 | 53.85 | 69.52 | 1.96 |
| LAST+- | 187.01 | 27.58 | 15.35 | 6.64 | 9.51 |
Conclusion: Current
weakness continues with the key index lost another 3.60 points and Loser beats Gainer
by 413 to 294.
In MSCD, %K cuts %A after crossing %D to confirm its downtrend. As
%D is approaching nearer to %A, the base that was built so far has been in
threat. Market sentiment was hurt by refresh worries from the west again.
Note: Explanation on Intra-Day MSO and MSCD are
archived under "Labels" at the sidebar.
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