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Intraday Oscillator: Local sentiment retreated today even though the key index added more than 10 points. The Oscillator finished off low at +6.99 lost 104.07 compared to its opening point at +111.06. The Average recorded as +17.47; gained 184.23 compared to -166.75 of the previous session.
MSCD: After today’s market, %K hooked up and the Histogram printed a slightly longer bar.
MSCD data are appended as below:
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Analysis:
MSCD shows market sentiment has rebounded but trend remains weak as shown by the scarce participation. The surge of the key index might lure more participation but cautiousness shall stay.
OSK reaffirms that the near-term technical outlook of the FBM KLCI will be firmly bullish as long as it stays above the 1,595-pt level and should the 1,655-pt level be breached, look for the market to extend its rally, probably with even greater momentum. Today, FBMKLCI added 10.86 points to close at 1,659.44.
US Stocks rose Monday on hopes a deal is taking shape in Washington to resolve the fiscal cliff. House Speaker John Boehner has offered to extend the debt limit for a year in order to reduce the deficit, a source told CNN.
Note: Explanation on MSCD can be found under "Label" at the sidebar.
Intraday Oscillator: Local sentiment retreated today even though the key index added more than 10 points. The Oscillator finished off low at +6.99 lost 104.07 compared to its opening point at +111.06. The Average recorded as +17.47; gained 184.23 compared to -166.75 of the previous session.
MSCD: After today’s market, %K hooked up and the Histogram printed a slightly longer bar.
MSCD data are appended as below:
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| DATE | A_OSC | %K | %D | %A | HGM |
| 12/12/2012 | 85.69 | -30.59 | -77.37 | -93.44 | 17.11 |
| 12/13/2012 | -102.57 | -41.66 | -79.24 | -93.77 | 21.20 |
| 12/14/2012 | -114.53 | -52.87 | -81.85 | -94.53 | 22.76 |
| 12/17/2012 | -166.75 | -70.38 | -88.14 | -97.15 | 21.76 |
| 12/18/2012 | 17.47 | -56.87 | -80.32 | -92.98 | 22.10 |
| LAST+- | 184.23 | 13.51 | 7.83 | 4.17 | 0.34 |
OSK reaffirms that the near-term technical outlook of the FBM KLCI will be firmly bullish as long as it stays above the 1,595-pt level and should the 1,655-pt level be breached, look for the market to extend its rally, probably with even greater momentum. Today, FBMKLCI added 10.86 points to close at 1,659.44.
US Stocks rose Monday on hopes a deal is taking shape in Washington to resolve the fiscal cliff. House Speaker John Boehner has offered to extend the debt limit for a year in order to reduce the deficit, a source told CNN.
Note: Explanation on MSCD can be found under "Label" at the sidebar.
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