Constructed and written by Smartbiz
Intraday Oscillator: Regional markets tumbled after overnight Dow Jones suffered more than 300 points losses. Local sentiment subsided immediately after opening with the Oscillator slid all the way to finish at -421.52 lost 290.82 compared to its opening point at -130.70. The Average recorded as -378.99; weakened by 292.75 compared to -86.24 of the previous session.
MSCD: After today’s market, %K reversed downwards and %D fell below %A. The Histogram printed another longer bar in the negative zone.
MSCD data are appended as below:
<
Analysis:
The mid-term bearishness is confirmed and market sentiment will take longer time to recover. Above all, %K must first turn its head upward and cut %D from underneath.
Today, all boards suffered from heavy selling especially those from small-caps. However, analysts said US will recover soon and thus, provides an accumulating opportunity for short-term trade.
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.
Intraday Oscillator: Regional markets tumbled after overnight Dow Jones suffered more than 300 points losses. Local sentiment subsided immediately after opening with the Oscillator slid all the way to finish at -421.52 lost 290.82 compared to its opening point at -130.70. The Average recorded as -378.99; weakened by 292.75 compared to -86.24 of the previous session.
MSCD: After today’s market, %K reversed downwards and %D fell below %A. The Histogram printed another longer bar in the negative zone.
MSCD data are appended as below:
<
| DATE | A_OSC | %K | %D | %A | HGM |
| 11/2/2012 | -95.35 | -50.32 | -52.92 | -73.28 | 10.62 |
| 11/5/2012 | -338.57 | -94.65 | -74.09 | -82.92 | 4.38 |
| 11/6/2012 | -254.42 | -119.23 | -87.45 | -89.16 | -2.85 |
| 11/7/2012 | -86.24 | -114.15 | -87.36 | -89.05 | -7.64 |
| 11/8/2012 | -378.99 | -154.89 | -108.97 | -99.60 | -15.29 |
| LAST+- | -292.75 | -40.73 | -21.61 | -10.54 | -7.66 |
Today, all boards suffered from heavy selling especially those from small-caps. However, analysts said US will recover soon and thus, provides an accumulating opportunity for short-term trade.
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.
No comments:
Post a Comment