Sentiment Index - Malaysia Stock Market

Constructed and written by Smartbiz

Intraday Oscillator: The Oscillator continued to print negative points even last minute buying failed to lift it back to the positive zone, today. The oscillator ended at -146.89; gained 108.57 compared to its opening point at -255.46. The Average recorded a loss of 262.90; worst than -100.97of the last session.

MSCD: %K fell deeper to touch the support of the uptrend channel. Finally, %D was diverted from %A by the deteriorating sentiment. The Histogram printed a longer bar in the negative zone.

MSCD data are appended as below:

DATE	A_OSC	%K	%D	%A	HGM
9/8/2012	39.18	72.62	62.68	64.90	13.34
10/8/2012	73.64	72.78	63.49	65.22	12.53
13/8/2012	77.99	73.58	64.57	65.69	11.83
14/8/2012	100.97	77.79	67.27	66.97	11.57
15/8/2012	262.90	106.26	81.76	74.09	14.16
LAST+-	161.93	28.47	14.50	7.12	2.59

Conclusion:

Based on charts, market sentiment has kept on losing strength with Loser beat Gainer in low volume. The uncertainty of the GE not only affected the stock market but also the country as a whole.

Today’s KLCI recorded another new high but the gain was caused by last minute manipulation. The index was pushed up by 4 points on the closing minute. The last minute manipulation of KLCI will create more suspicion and scared away more investors.

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