Shares fell in Asia and Europe on Tuesday while the struggling dollar was buoyed by a report that the Federal Reserve was weighing a smaller bond-buying programme than its previous asset purchase scheme.
Suggestions that Japan's central bank may also ease monetary policy weighed on the yen, but currency markets remained anxious about the prospects for new Japanese intervention, and gold held near record highs.Leading European stocks fell 0.7 percent in early trade as investors took profits after four weeks of gains and grew increasingly wary of European debt challenges, particularly in Ireland and Portugal. (Yahoo)
After 5.00pm, Japanese market lost 1.12%, China 0.63%, Hong Kong 1.03% and Singapore 0.52%.
Market sentiment was very bad as the Oscillator was seen sinking deep into the red with no return. The Oscillator finished at -588.04 lost 397.30, when compared with its starting point. The Average recorded a loss of 431.96.
Market sentiment is so fragile that investors will dump their shares in every weakness shown by FBMKLCI. Investors just wanted to avoid caught in between in case the index tumbled.
At day's end, in MSCD, 12EMA (yellow) of MSCD fell to -61.41 (-67.35), 26EMA (red) to -41.19 (-31.27) and the Histogram to -20.22 (-36.08). 12EMA hooked sharply down to cut 26EMA and fell into the red again. The Histogram casts a negative bar.
The charts said any bullish reversal was just an illusion. Meantime, market sentiment is volatile with downside bias.
Constructed and Written by Smartbiz (Click on chart to view)
(Note: You can read the explanation for Intra-Day MSO and MSCD from the achieves under heading "Labels" at the lower portion of the sidebar.)
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