Weekly GCC Trend Analysis (Week 39) — GCC Trend Analysis — GCC Market Analytics
Weekly GCC Trend Analysis (Week 39) | GCC Market Analytics

Saturday 18 September 2010

Weekly GCC Trend Analysis (Week 39)

In a shortened holiday trading week for the GCC markets the only changes to last week's trend outlook is the move from Neutral to Very Bullish for both the ADX Index and the Muscat 30 Index.  The outlook for all other indices remains the same.

Enjoy.








Notes:
1. In the  "Current Trend Conditions" section the short-term, medium-term and long-term trend values are determined by dual moving averages.  The trend value is "Up" when the the shorter length moving average is greater the longer length moving average. The trend value is "Down" when the the shorter length moving average is less then the longer length moving average. For more information on dual moving averages see previous post here.
2. Dual moving average parameters are specific to each index and time-frame (short, medium and long).
3.  The "Outlook" value can be "Very Bullish," "Bullish," "Neutral," "Bearish" or "Very Bearish."  The value is determined by the historical performance of the index when the same short, medium and long-term trend conditions were in evidence in the past.
4. The top chart shows a plot of the historical price performance of the index.  Highlighted on the chart are the past periods when the current trend conditions were in evidence in the past
5.  The bottom chart shows the non-compounded percentage returns of the index when the current trend condition were in evidence in the past.