Dow Jones Industrial Average Index has turn bearish

Figure 1: DJI chart 

After 4 and half months of being bullish, the DJI has finally turn bearish this week. This is not a good sign, coz although our local PSE index is still bullish, the bad performance of DJI will somewhat affect the performance of our local market. Due to this, I am raising a warning signal to lighten or take some profits for the time being until a clearer market direction can be establish.