Sentiment Index - Malaysia Stock Market

Constructed and written by Smartbiz

Intraday Oscillator: Market sentiment was moderately weaker today. The Oscillator soaked in the red to end at -155.17; gained 13.27 compared to its opening point at -168.44. The Average recorded a loss of 201.83 improved by 75.68 when compared with -277.51 of the previous session.

MSCD: After today’s market, %K moved deeper into the red and the gap between %D and %A became wider. The Histogram printed another longer bar in the negative zone.

MSCD data are appended as below:

DATE	A_OSC	%K	%D	%A	HGM
27/8/2012	126.71	118.52	92.77	78.87	14.68
28/8/2012	318.39	149.26	109.49	87.58	19.70
29/8/2012	48.64	133.78	104.98	86.16	21.52
30/8/2012	277.51	155.89	117.76	93.12	24.84
3/9/2012	201.83	162.95	123.99	97.07	27.66
LAST+-	75.68	7.07	6.23	3.95	2.82

Conclusion:

Market sentiment didn’t cheer by the record-breaking index, today, but some low-liner gainers started to move into the Top Active list. Unfortunately, chart shows market sentiment has already slumped into a mid-term bearishness since two weeks ago. The broader market will take a longer time to recover from weaknesses once %D fell below %A. Since then, any gain should be deemed as temporarily and profit taking will set in fast due to lack of confidence.

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