Intraday Oscillator: Market sentiment remained subdue in conjunction to the weaker key index. However, interest has shifted to ACE counters in active trading. The Oscillator slid all the way down but last minute buying pulled it to finish at its day-high at -30.92 gained 90.60 compared to its opening point at -121.52. The Average recorded a loss of 213.65; shed another 26.21 compared to -187.44 of the previous session.
MSCD: After today’s market, %K fell slightly below %D. The Histogram printed a shorter bar in the positive zone.
MSCD data are appended as below:
MSCD shows overall sentiment remains subdue and short term uptrend was threatened.
Today’s overall volume increased to near 1.6 billion shares. Among which, 1.24 billion shares were contributed by ACE counters with most gainers recorded during last minute trading.
Explanation on MSCD:
1. %K (Yellow) is an immediate-term indicator that reflects the trend of present market sentiment.
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.