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Friday, December 14, 2012

Sentiment Index - Malaysia Stock Market

Constructed and written by Smartbiz 

Intraday Oscillator: Local sentiment followed major index progressed in cautiousness for the second day. The Oscillator finished off low at -45.15, gained 31.06 compared to its opening point at -76.20. The Average recorded as -114.53; lost 11.96 compared to -102.57 of the previous session.

MSCD: After today’s market, %K moved lower but the Histogram continued to print another positive bar.

MSCD data are appended as below:

Analysis: MSCD shows the gape between %K and %D has become smaller but overall outlook remains positive. The trend has a risk to reverse downwards once the Histogram started to print its first shorter bar.

OSK said the “Doji Star” that printed on the FBMKLCI chart after yesterday’s session basically signals the market’s cautious towards 1,655 pts and may see the index begin to meander around this level for a while. The near-term technical outlook of the FBMKLCI will be firmly bullish as long as it stays above the 1,595-pt level. Also, should the 1,655-pt level be breached, look for the market to extend its rally and probably with even greater momentum.

Meantime, US Stocks have been stuck in a rut for weeks as investors remain unwilling to take risks before President Obama and lawmakers reach an agreement on tax hikes and spending cuts set to kick in automatically on Jan. 1. (CNNMoney)

Note: Explanation on MSCD can be found under "Label" at the sidebar. 

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