Sentiment Index - Malaysia Stock Market

Constructed and written by Smartbiz 

Intraday Oscillator: Local sentiment continued to subdue in low volume as the key index soaked in the red in most of the session. The Oscillator finished at -225.98 lost 212.82 compared to its opening point at -13.16. The Average recorded as -154.28; weakened by 51.03 compared to -103.25 of the previous session.

MSCD: After today’s market, %K is almost flat but the Histogram printed yet another longer bar in the negative zone.

MSCD data are appended as below:
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DATE	A_OSC	%K	%D	%A	HGM
11/6/2012	-254.42	-119.23	-87.44	-88.71	-2.86
11/7/2012	-86.24	-114.15	-87.36	-88.62	-7.65
11/8/2012	-378.99	-154.89	-108.97	-99.18	-15.30
11/9/2012	-103.25	-146.94	-108.54	-99.33	-19.92
11/12/2012	-154.28	-148.07	-111.93	-101.33	-23.16
LAST+-	-51.03	-1.13	-3.39	-2.00	-3.24

Analysis: Market bearishness will continue until we see %K lifted its head higher. But the scarce participation from investor will see slim hope for this week due to the short trading days. We are looking forward for a new development by next week.

Explanation on MSCD: 
1. %K (Yellow) is a 12-Day EMA Oscillator that reflects the trend of present market sentiment. 
2. %D (Red) is a 26-Day EMA Oscillator serves as a trigger line for short-term trend of market sentiment. Market is considered as under short term bearishness once %K fell below %D but will recover sooner or vice versa.
3. %A (Blue) is a 54-Day EMA Oscillator serves as a trigger line for mid-term trend of market sentiment. Market is considered as under mid-term bearishness once %D fell below %A and will take longer to recover or vice versa. 
4. HGM (Histogram) is a bar signal that shows the relative strength of %K and %D. 
5. All data are taken from the Intra-Day Market Sentiment Oscillator (MSO) computed from the number of Gainer and Loser in a regular time basis.