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Intraday Oscillator: Local sentiment remained quiet due to lack of visible lead amid the seasonal holidays. The Oscillator was seen lingering up and down in low volume to finish at +27.33; lost 32.39 compared to its opening point at +59.72. The Average recorded as -6.66; gained 36.34 compared to -43.09 of the previous session.
MSCD: After today’s market, %K has a slight change and the Histogram printed a slightly shorter bar in the positive zone.
MSCD data are appended as below:
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Analysis:
Market sentiment was flattish as most investors are still in holiday.
OSK wrote, "Over the last four sessions, we have seen the FBM KLCI gaining support at the 1,659-pt to 1,666-pt minor gap, which is now the immediate support for the market. The 1,655-pt level would be the next support. From the current level, look for a marginal resistance at 1,670-pts followed by the major 1,680-pt historic high. "
Today, FBMKLCI gained 2.18 pt to close at 1,671.58.
U.S. stocks sank Monday as investors remain concerned that officials in Washington will fail to resolve a looming fiscal crisis. With time running out, investors are increasingly concerned about the lack of progress in talks over tax hikes and spending cuts set to kick in automatically on Jan. 1, known as the fiscal cliff.
Note: Explanation on MSCD can be found under "Label" at the sidebar.
Intraday Oscillator: Local sentiment remained quiet due to lack of visible lead amid the seasonal holidays. The Oscillator was seen lingering up and down in low volume to finish at +27.33; lost 32.39 compared to its opening point at +59.72. The Average recorded as -6.66; gained 36.34 compared to -43.09 of the previous session.
MSCD: After today’s market, %K has a slight change and the Histogram printed a slightly shorter bar in the positive zone.
MSCD data are appended as below:
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| DATE | A_OSC | %K | %D | %A | HGM |
| 12/19/2012 | 19.72 | -45.09 | -72.89 | -86.81 | 23.23 |
| 12/20/2012 | -18.18 | -40.95 | -68.84 | -84.32 | 24.16 |
| 12/21/2012 | -120.39 | -53.17 | -72.66 | -85.63 | 23.22 |
| 12/24/2012 | -43.09 | -51.62 | -70.47 | -84.08 | 22.35 |
| 12/26/2012 | -6.66 | -44.71 | -65.74 | -81.27 | 22.09 |
| LAST+- | 36.43 | 6.91 | 4.73 | 2.82 | -0.26 |
OSK wrote, "Over the last four sessions, we have seen the FBM KLCI gaining support at the 1,659-pt to 1,666-pt minor gap, which is now the immediate support for the market. The 1,655-pt level would be the next support. From the current level, look for a marginal resistance at 1,670-pts followed by the major 1,680-pt historic high. "
Today, FBMKLCI gained 2.18 pt to close at 1,671.58.
U.S. stocks sank Monday as investors remain concerned that officials in Washington will fail to resolve a looming fiscal crisis. With time running out, investors are increasingly concerned about the lack of progress in talks over tax hikes and spending cuts set to kick in automatically on Jan. 1, known as the fiscal cliff.
Note: Explanation on MSCD can be found under "Label" at the sidebar.
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