tag:blogger.com,1999:blog-2251452817920997422011-11-28T08:19:40.908+08:00Where traders and investors meetadminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.comBlogger5021100tag:blogger.com,1999:blog-225145281792099742.post-30276748068930156342010-01-06T14:13:00.004+08:002010-01-06T14:44:35.372+08:00

Last week was slightly bullish with lower trading volume despite being the last week of the year 2009. The FBMKLCI rose for three consecutive days since the previous week but failed to close higher on Thursday. On week-to-week basis, the FBMKLCI still managed to close about 10 points higher from 1260.53 points to 1,271.12 points. The index went as high as 1,275.29 points. Average daily trading

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-34258460196090054042009-12-07T07:38:00.000+08:002009-12-07T07:38:00.248+08:00

The market was awakened by the news from Dubai Monday after a holiday last Friday for the Aidil Adha celebration. The market took a small plunge on Monday after Dubai World, an investment company which manages and supervises a portfolio of businesses and projects for the Dubai government across a wide range of industry segments, seek delay in debt payments. This caused fear across markets and

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-27981277233999856772009-12-03T19:06:00.000+08:002009-12-03T19:06:00.504+08:00

Investors in the US were startled by Dubai’s debt problems on their national holiday celebrating thanks-giving Thursday. The panic caused investors to sell on Friday and this caused the DJI to fall 154.48 points or 1.48% to close at 10,309.92 points. The DJI went as low as 10,231 points intraday before rebounding to close higher. On the last day of November, the DJI slightly rebounded to close at

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-25324817285854554132009-12-03T07:32:00.001+08:002009-12-03T07:32:00.159+08:00

As one of the major financial hubs in Asia, the Hong Kong equity market took a plunge after Dubai announced having problems in paying its debts which caused investors to worry about another financial crisis. The HSI gapped down and fell slightly more than 1,000 points or 4.8% on the 27th November to close at 21,134.50 points. However, the market rebounded at the end of the month to close at

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-29152091930183503362009-12-02T19:34:00.000+08:002009-12-02T19:34:00.219+08:00

This article is in two parts. Click here for Part 1The next most important issue is indicator compatibility. Determining this starts with a visual chart inspection and is based on the first step in analysis shown above. The chart example shows a rising trend from March through July. In this sense it meets the trending criteria we look for in the first question. However, this stock does not meet

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-4450690615179780212009-12-02T12:40:00.000+08:002009-12-02T12:40:00.449+08:00

Shares on Bursa Malaysia rose today, with the FBM KLCI gaining 0.6% to 1,266 points on a technical rebound, according to Benny Lee, Chief Market Strategist of NextVIEW. He believes that in the short term, upside potential for the market is very limited and looking at the FBM KLCI there is a strong resistance at 1,290-1,300 points. He advises investors should stay away from the market until the

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-23495242949142670862009-12-02T07:40:00.001+08:002009-12-02T07:40:00.892+08:00

In Mid-November, the FTSTI managed to test the 2,700 points immediate resistance level and rallied to the next resistance level at 2,800 points, climbing to as high as 2803.83 points. However, the market fell steeply in the last two trading days of the month by falling about 70 points or 2.5% to close at 2732.12 points. On a month-to-month basis, the benchmark index was still able to close

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-54273810067527642722009-11-30T12:54:00.001+08:002009-11-30T12:54:00.622+08:00

Support at 1.0032 held until near the end of November. The February 18th, 2008 low of .9784 is almost certain to be tested in the next short while. There is minor support at .9934. Beyond that the way is fairly clear to the 15 year low of .9784, mentioned above.Other downside targets range to .89 and beyond, however a market rally will soon be overdue.TECHNICALSKELTNER CHANNEL – Framing

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-43369066574505064082009-11-30T08:49:00.002+08:002009-11-30T08:54:02.904+08:00

GBPUSD has performed more poorly than expected for most of November.Although its’ rise from March to August/09 seemed to be impulsive, the last 4 ½ months have failed to produce much follow-through momentum. Strong resistance at 1.7042 can be traced to previous levels of support and resistance as far back as 2005, and even 1998. Combinations of previous resistance and support create some of the

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-39970889245479286712009-11-26T07:49:00.001+08:002009-11-26T07:49:00.658+08:00

Last week’s market performance was almost a non-event as the market was relatively quieter and lower in volatility. After two consecutive weeks of making new highs for the year, the benchmark FBMKLCI failed to make a new high last week. The index closed at 1,271 points Wednesday, 4 points lower than previous Wednesday’s close. Average daily trading range was only 5.6 points against 7.5 points in

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-33950760001218333302009-11-24T07:45:00.000+08:002009-11-24T07:45:00.082+08:00

This article is in two parts. Watch out for Part 2Although we try to explain the processes of trading clearly there is no escape for the fact that trading is a complex activity. A successful trade brings together many different features. It includes the right selection of indicator tools appropriate for the type of trade. It includes selecting a type of trade that is compatible with our trading

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-75124153615907314322009-11-23T13:28:00.004+08:002009-11-23T13:34:00.578+08:00

Benny shares his views on Bursa Malaysia FBMKLCI and CPO Futures, US dollars and Airasia.

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-8764707798072563962009-11-20T12:50:00.000+08:002009-11-20T12:50:00.417+08:00

The market continues to make new highs last week but was not able to sustain and immediately pulled back. Resistance is getting stronger, as mentioned last week. The FBMKLCI went as high as 1,288.42 points, highest since May last year before pulling back to close at 1,276.65 points Thursday. The benchmark index still managed to close higher but only 4.9 points from the previous week. Last week,

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-91944836122127521952009-11-13T14:07:00.002+08:002009-11-13T14:10:43.034+08:00

The FBMKLCI managed to inch up higher last week but still short of the 1,300 points expected target. Last week, the benchmark index went as high as 1,279.52 points and closed at 1271.75 points Thursday. One a week-to-week basis, the index rose 17.79 points or 1.4%, slightly higher than the increase in the previous week. On Thursday, there is evidence of support when the market rebounded in the

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-88623843233094235142009-11-12T12:42:00.000+08:002009-11-12T12:42:00.300+08:00

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-70865700268721135272009-11-12T07:55:00.000+08:002009-11-12T07:55:00.204+08:00

The long term potential for Gold is higher than what we’ll discuss in this article. My primary purpose here is to identify and confirm trend, and determine as best we can the logical price targets for gold during the month of November. The market continues to be very bullish, although there is evidence of temporary weakening momentum.Click HERE to continue reading this analysis and forecast by

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-41983229338609954512009-11-11T07:47:00.000+08:002009-11-11T07:47:00.301+08:00

Is EUR/USD ready for a big swing down?I ask myself that question because this currency pair appears to be sitting at an important crossroad. It’s received some support from a six-month old rising trend line and hasn’t moved far from there for several days.On October 26th, it completed a five wave move up that began on August 17th/09. Generally after five waves a fairly large correction can be

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-6811288144053406122009-11-11T07:26:00.000+08:002009-11-11T07:26:00.125+08:00

USD/CHF reached a logical downside target of 1.0032, and that was within last month’s second level of support at S2 (S1 on the current chart).It also appears that since July 31st to the present time there has been a move of five waves, indicating that either a relatively strong corrective rally is due, or that a mid-term low is firmly in place.At time of writing a few days of bullish activity

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-8129147966024174572009-11-10T19:33:00.000+08:002009-11-10T19:33:00.303+08:00

After a strong performance in the past few months, the Vietnam equity market went into a correction in the last week of October. Despite the bullish trend, the momentum was weak, as indicated by the momentum indicators last month. The benchmark VN Index in Ho Chi Minh found resistance at 633.21 points on the 23rd of October and pulled back to close at 587.12 points. On month-to-month, the VN

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-76032284796019052222009-11-10T08:05:00.000+08:002009-11-10T08:05:01.041+08:00

The price of FCPO continues to trade in a sideway range between RM2,070 and RM 2,240 per metric ton. Traders can continue to trade at these ranges by buying near the lower range and sell at the higher range. Last month created this opportunity as the price of FCPO went as low as RM2,013 and as high as RM2,250. The price of FCPO is currently at RM2,208. The market did not rally despite re-planting

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-49020834464153676862009-11-10T07:45:00.001+08:002009-11-10T07:45:00.339+08:00

The Thai equity market was generally bullish in the beginning of October and the (Stock Exchange of Thailand Index (SETI) made a new 13-month high at 758.55 points. The market turned into a very volatile mode starting middle of last month when investors have generally lost confidence as the country’s positive sentiment was setback again by political protests. The recent speculation that HM the

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-17511405023785450742009-11-09T22:17:00.001+08:002009-11-09T22:20:10.347+08:00

The equity market rebounded technically on the 30-day moving average after correcting from a high of 1270.44 points about three weeks ago to a low of 1233.45 points last week Monday. The low was exactly on the short term 30-day moving average and the FBMKLCI is currently at 1,253.96 points. The market was bullish the whole of last week with fresh news from the US economic data which shows further

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-6203634607519111362009-11-05T19:20:00.002+08:002009-11-05T19:20:00.275+08:00

The price of crude oil broke above the resistance level of the immediate down trend channel on the 9th October. End September, the price of crude oil was at US$66 and was expected to rebound, as I have commented last month. Oil went above the resistance level at $72 and rallied to $81 before settling at $77 on 30th October. The short term 30-day moving average which was declining last month has

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-83842383055215175762009-11-05T14:44:00.003+08:002009-11-05T14:53:19.919+08:00

Rubber prices (based on Tokyo Commodities Exchange (TOCOM) RSS3 futures) continue to soar 15.5% from JPY$200 last month to a one year high of JPY$231.20 after the price broke the JPY$220 resistance level in mid October. Rising demand and increase in crude oil price helped boost rubber price. Price is in a good healthy up trend. The short to long term 30 to 90-day moving averages continue to

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-39889475343929423612009-11-04T08:46:00.003+08:002009-11-04T08:52:25.699+08:00

In the newsletter we use several varieties of chart displays. This includes two colour candle stick charts produced with GTE charting. The standard candle display with Metastock and many other US derived programs is to give a four colour candle chart. This, along with our recent articles on candle stick trading methods, has prompted many questions from readers so we look at the differences

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-84594311289454145002009-11-02T09:02:00.002+08:002009-11-02T09:04:37.173+08:00

The market went into a profit taking mode after the tabling of the National Budget in the previous Friday which most investors see as moderate and balanced for the economy but little for the equity market. The equity market pulled back last week after the benchmark FBMKLCI failed to extend gains after three consecutive weeks of increase with a lower trading volume of 945 million shares averagely

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-8521501984387812932009-10-23T07:20:00.000+08:002009-10-23T07:20:00.924+08:00

After making a new high since June last year at 1,270.44 points, the FBMKLCI pulled back to close at 1260.02 points on Thursday with a relatively lower volume. The benchmark index still managed to close positively from last week with a modest gain of 13.16 points or 1%. There were profit taking activities in the past two days but the pressure was not high to cause the market to decline

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-43510939922857505182009-10-22T07:40:00.000+08:002009-10-22T07:40:00.111+08:00

Who follows and who leads in markets? The answer is surprisingly different to the answer most people assume is correct. Intermarket technical analysis is a useful strategy tool for asset allocation. It’s also a useful tool for working out what may happen in the future. It’s too easy to look at markets in isolation, or to use outdated assumptions about market relationships. This is lazy thinking

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-62118337319183247632009-10-19T07:15:00.000+08:002009-10-19T07:15:00.060+08:00

The Nikkei has two important features. They are best seen on the weekly chart. The first is the series of trading bands. These provide support and resistance levels. This pattern of behavior is similar to the patterns seen with many other regional indexes, but the Nikkei is less developed. The upper edge of the current trading band is near 10400. The market consolidated in this area and is now

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-73880017335462502522009-10-17T21:09:00.000+08:002009-10-17T21:12:40.191+08:00

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-14793431518240795692009-10-17T09:03:00.002+08:002009-10-17T09:03:00.403+08:00

When I was studying in graduate school in the 1960s there was a big debate among economists: Which version of macroeconomics best described the world, Keynesian or Monetarist? The Keynesians claimed that fluctuations in aggregate demand determined output, monetary policy was not very important, and fiscal policy is what is needed to pull the economy out of a slump.Monetarists, on the other hand,

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-58606722767945573922009-10-16T19:19:00.001+08:002009-10-16T19:19:00.374+08:00

The Malaysian equity market extended its rally last week with the benchmark FBMKLCI climbing 16.77 points or 1.36% from last week to settle at 1,246.86 points Thursday. The index has increased 3.26% in a month. The market found resistance on Thursday when the FBMKLCI fell 10 points from the intraday high of 1,256.59 to close at the current level. Market is supported well by FBMCKLI component

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-4782567652595758952009-10-14T09:20:00.000+08:002009-10-14T09:24:07.292+08:00

Prices of major commodities have found its footing in the past few months and the recent price actions and the weakening US dollar set to push prices of commodities to new highs. There are tell-tale signs that global economy is improving (at least that's what the analysts say) and demand for commodities is expected to increase to fuel the economy. Most commodities prices have broken out of the

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-13398611066122829202009-10-13T19:18:00.000+08:002009-10-13T19:18:00.226+08:00

In my article last month, I mentioned that the price of Crude Palm Oil Futures (FCPO) in Bursa Malaysia which was at RM 2,145 per metric ton at that time may only find support between RM2,000 and RM2,050. The price of FCPO fell to a low of RM2,013 on October 6 and rebounded to close at RM2,085 on October 9. With this close, the price of FCPO fell RM94 or 4% from a month ago. I also mentioned that

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-20738281975599798532009-10-09T07:29:00.003+08:002009-10-09T07:29:00.677+08:00

Markets all over the world rebounded last week after moving into a correction for the past two weeks. The Malaysian market, benchmarked by the FBMKLCI rebounded exactly after testing the Bollinger Bands’ middle band which is a 20-day moving average. The FBMKLCI increased 21.74 points or 1.8% from last week to settle at 1,230.09 points Thursday. Thursday marks the biggest increase in a day for

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-87371245845217433302009-10-08T23:28:00.001+08:002009-10-08T23:30:31.771+08:00

The demise of the dollar By Robert Fisk, The IndependentIn the most profound financial change in recent Middle East history, Gulf Arabs are planning – along with China, Russia, Japan and France – to end dollar dealings for oil, moving instead to a basket of currencies including the Japanese yen and Chinese yuan, the euro, gold and a new, unified currency planned for nations in the Gulf

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-16790932256078006542009-10-08T07:36:00.000+08:002009-10-08T07:36:00.678+08:00

Eight weeks ago we said the key figure for the Taiwan index is 7400. This is the long term historical support level and it will act as a resistance level. The market did move above this level but it is now developing a consolidation pattern. The lower long term resistance near 6700 has been overcome and this area will provide support if the market retreats strongly from the lower edge of the

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-26453792239582038312009-10-07T19:35:00.000+08:002009-10-07T19:35:00.431+08:00

The shipping industry in Singapore may have taken a backlash from the current global economic crisis but this is the industry to watch when the economy recovers and see growth. One of the bigger shipping companies in Singapore, NOL’s share price performance is lagging as compared to other shipping companies and the overall market performance. Nevertheless, its share price has doubled since the

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-27938823074485454132009-10-06T07:45:00.000+08:002009-10-06T07:45:00.650+08:00

The Sensex is best seen on a weekly chart with upper resistance levels are easily seen. The most important feature is the uptrend line. The break below this line changed the function of the line. This is now acting as a resistance level for the rising trend. We expect to see the index rise to this line and then retreat from it. Support is provided by the value of the lower edge of the long term

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-80214154253423412432009-10-05T19:25:00.000+08:002009-10-05T19:25:00.412+08:00

Continuing economic developments in this vibrant country has lifted the Vietnam equity market to a new 17-month high. The VN index of HOSE rose as high as 594.32 points before settling at 580.90 points. The 595 points level is a 38.2% Fibonacci level from the 2-year bear trend that started from the highest level in the index in March 2007 to the low in February 2009. The benchmark index rose 34.2

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-71091015636927117162009-10-05T19:20:00.001+08:002009-10-05T19:20:00.816+08:00

The Thai Equity market has been very bullish and is one of the best performing markets again this month. Investors were on broad-based buying spree. The benchmark SETI index even broke and stayed above the 700 points resistance level to close at 717.07 points after hitting a 14-month high at 731.58 points. The index so far has increased 63.82 points or 9.7% since a month ago. The SETI is current

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-46437182312016373962009-10-05T08:10:00.003+08:002009-10-05T08:15:17.866+08:00

Rubber futures prices soared to 11-month in mid of September at JPY$218.4 per kg after breaking the JPY$214 resistance level in a second attempt but the rally failed to extend further. Price of rubber futures (RSS3) in TOCOM then pulled back 7% to close at JPY$199 on September 30 lower than the closing price a month ago. Rubber price fell JPY$12.7 or 6.8% month-to-month.The short term 30-day

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-88772324896191677272009-10-05T08:05:00.001+08:002009-10-05T08:17:00.356+08:00

Price of FCPO was not able to stay above the uptrend line last month as price continues to decline. The FCPO price fell RM169 per metric ton or 7.1% to RM2,186 in a month. FCPO and soyoil was going against the other commodities trend as the dollar weakens. The price of FCPO found support at RM2,070. The price has been trading in a range between RM2,070 and RM2,240 in the month of September.

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-61768512540030986752009-10-02T19:45:00.000+08:002009-10-02T19:45:00.543+08:00

The Malaysian equity market moved into a minor correction after making a 15-month high in the previous week. The FBMKLCI shed 9.71 points or 0.8% in a week to settle at 1,208.35 points Thursday. The local market was rather defensive and did not rally like the rest of the regional markets. Investors and traders were not so confident about the market making new highs and started to take profits.

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-36159278102038091972009-10-02T19:28:00.000+08:002009-10-02T19:28:00.122+08:00

25 September 2009. Light Sweet Crude Oil price on the New York Mercantile Exchange (NYMEX) was unable to move higher after it hit a high of US$75 a barrel on the 25th of August this year. Exactly a month later, the price fell US$9.00 or 12% to US$66.0. The short term price trend is now bearish but the longer term trend is still bullish. The 30 and 60 day moving averages have started to decline

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-75104813949865786782009-10-02T19:12:00.000+08:002009-10-02T19:12:00.490+08:00

In general terms, gold has been testing its all-time high that was achieved on March 17, 2008, at a price of 1,033.90. So far, in 2009, there have been two attempts (some would say three), to reach or exceed that lofty high. Both of those attempts have failed.Gold is still in an uptrend but showing signs of weakness. Trend indicators on the weekly chart are weak. ADX has risen slightly in the

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-84562806095928045922009-10-01T22:40:00.001+08:002009-10-01T22:45:29.775+08:00

A month ago I wrote in this column that “the market has a good chance of dropping to around 90 or even lower. On September 17th the market created a short term bottom at 88.22.Although the market is currently rising, at 89.96, the rise is expected to be very short-lived. Another drop is expected soon, to test the December 17, 2008 low of 87.11.Click here to continue reading (Market Insight):***

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-82000172614929025672009-10-01T22:27:00.004+08:002009-10-01T22:32:38.144+08:00

On September 22/09, this currency pair finally stretched up to a visible level of resistance (R1 on the chart). This level is confirmed by at least two important Fibonacci ratios – one obtained by the Fibonacci retracement tool, and one by the projection tool.These facts, of themselves, won’t prevent a further rise in Euro’s value. But there are signs that a significant downward correction will

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-23107893927740535512009-09-30T14:48:00.003+08:002009-09-30T14:55:15.664+08:00

Wall Street was bullish last month as investors were anticipating favourable outcome from the 2-day FOMC policy meeting end September. The DJI climbed 125.90 points or 1.3% in a month to close at 9,665.19 points. The benchmark index went as high as 9,918 points but failed to hold after the FOMC meeting ends and the Fed announced that the US economy is on the road to recovery. Investors were quick

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-4024003611169473422009-09-28T22:23:00.001+08:002009-09-28T22:27:24.719+08:00

The market faces heavy resistance when the FTSTI is at 2,700 points level. The market has been testing this level 4 times in the past one month but failed to break above it. The last test on the resistance level was on the 23rd of September and then fell for two days to close at 2,662.82 points on the 25th. It was another yo-yo month for the Singapore equity market which has gone into a bullish

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-13174188919799136072009-09-25T07:28:00.001+08:002009-09-25T07:28:00.079+08:00

The market opened positively Wednesday with a new year high after the Aidilfitri holiday. The FBMKLCI opened 10 points higher from the closing before the holiday to 1,231.33 points Wednesday. However, the bullish sentiment was not sustainable as regional markets start to weaken and investors lock in profits. The benchmark index then fell to 1,219.07 points. Another 1 point is taken away from the

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-19125228068183798312009-09-24T07:50:00.000+08:002009-09-24T07:50:00.371+08:00

Continued from Part 1...DAY 2 EXITThis is a two day trading strategy. Day two is about profits. There is no intention to extend this trade into a third day. Prior to the open our focus is on the order lines. We look for evidence that buying pressure is continuing. There are two ways to determine this.The first uses the estimated match price. This is set at $0.61 and represents a gap above the

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-85700831977331116282009-09-22T07:47:00.000+08:002009-09-22T07:47:00.340+08:00

The market extends its bullish rally last week as sentiments continue to improve. The FBMKLCI gained for the 4th consecutive week. The FBMKLCI rose another 17.52 points or 1.45% from the previous week to close at 1,218.80 points, another high for this year. The benchmark index traded in a narrow trading range between 1196.46 and 1,220.47 points. With a long break coming ahead of the Hari Raya

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-33930965358485112422009-09-21T07:46:00.005+08:002009-09-21T07:46:00.402+08:00

The gap trade may be executed using ordinary stock, or using a derivative, such as a CFD. The derivative increases the return from the strategy. It also increases the risk in the strategy particularly if the CFD is based on bid-line triggers rather than traded price.Management of the gap trade covers two days. Broadly they can be described as the entry day and then the exit day. The analysis for

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-68064401247175228102009-09-19T21:17:00.005+08:002009-09-19T21:29:40.136+08:00

N.I.N.E. wishes all Muslims readers "Selamat Hari Raya Aidil Fitri".Malaysian Stock Exchange, Bursa Malaysia will be closed on Monday (21 Sept) and Tuesday (22 Sept)Singapore, Philippines and Indonesia stock exchanges will be closed on Monday (21 Sept).

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-16710948762980560552009-09-17T18:45:00.000+08:002009-09-17T18:45:00.105+08:00

Corporate Malaysia was stunned by the surprise appointment of the 51-year-old (now former) Malaysia Airlines managing director/chief executive officer, Dato’ Seri Iris Jala @ Idris Jala as minister to oversee the implementation of the government’s key performance indicator (KPI) initiatives.The main question on everyone’s mind is, has he been deployed to a position where he can deliver results?

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-65790578537185080842009-09-16T07:40:00.003+08:002009-09-16T07:40:00.901+08:00

Continued from Part 1...Alternatively we use the JustData snapshot service. We take the first available snapshot of market data at 11.30. This downloads all open, high, low and close prices to that point in time. From this data we can assess the difference between the high of yesterday and the open of today. We then run the Metastock gap exploration scan shown at the bottom of these notes. The

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The market turned bearish last month after a short term bullish rally from RM2,000 per metric ton in July to a high of RM2,515 in just one month. It turned bearish when the price of FCPO tested and broke below the RM2,300 support level early September. I have mentioned that if this support level is broken, the price may hover around the averages at about RM2,100, from the intermediate up trend

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-56327840035950735332009-09-11T19:28:00.001+08:002009-09-11T19:28:00.383+08:00

The strategy for this trade was discussed last week. The objective is to capture the momentum of an excited crowd and trade its continuation overnight and into the next day. The strategy recognizes that it is unlikely that we will identify a gap trade before it happens. It is also unlikely that we will be able to buy stock at the opening gap price. Instead the trader waits for gap confirmation,

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-67617815068086495942009-09-11T07:32:00.002+08:002009-09-11T07:32:00.035+08:00

Selected blue chips rally continue to push the FBMKLCI to a new year high last month. The benchmark index was able to test the 1,200 points resistance level while other regional markets have not yet created a new year high. The optimism in the market was generally led by news reporting increasing business activities and continuous improvement in the local and global economy. The FBMKLI closed at

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-8870324215851881562009-09-08T19:36:00.001+08:002009-09-08T19:36:00.272+08:00

Preparing for the Worstby Robert Kiyosaki"Is the crisis over?" is a question I am often asked. "Is the economy coming back?"My reply is, "I don't think so. I would prepare for the worst."Like most people, I wish for a better future for all of us. Life is better when people are working, happy, and spending money.The stock market has been going up since March 9, 2009. Talk of "green shoots" fill

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-30669258367156274422009-09-07T10:59:00.001+08:002009-09-07T11:02:58.091+08:00

The market has been fed with conflicting views about the equity market. Some are positive that the economy is on a recovery and it is a good time to invest now. Some are negative that the current improvements in the economy and the rally in the financial market are just a correction in a longer term bear market. The others have no idea what is happening and are confused. That’s the reason why the

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-47880677457281566562009-09-03T19:45:00.001+08:002009-09-03T19:45:00.229+08:00

The Vietnam market is clearly dominated by the bulls last month. The VNI surged almost 16% in one month to close at 536.53 points. The level is currently the highest in nearly a year. It easily broke the 520 points resistance level and is probably eyeing the 575 points resistance level, which is the highest since mid of March 2008 and the 38.2% Fibonacci retracement level. The market performed

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-3235025646656762742009-09-03T12:50:00.000+08:002009-09-03T12:50:00.117+08:00

The SETI broke the 640 points resistance levels as the bulls are controlling the market. It is one of the best performing markets in the Asian region despite government protestors planning to stage massive protests in the last weekend of August. At 656.98 points, the benchmark index is almost at a year’s high. The SETI is still hovering above the 50% Fibonacci retracement level from the bear

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-43685204565278088962009-09-03T07:32:00.004+08:002009-09-03T09:06:45.084+08:00

Price action on the Gold chart has been creating a very clear triangle, which has developed over the past six months.A test of the July low, around $900 per ounce cannot be ruled out. That in itself would not prevent price from subsequently rising dramatically to the upside.(Read more here)

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-29875107761390283862009-09-02T19:49:00.000+08:002009-09-02T19:49:00.688+08:00

The June 24th high of 1.1021 has capped all price action since that date. The market is currently testing an important level of support around 1.0556. This level has been tested several times and is likely to be exceeded to the downside. A logical next target is between 1.0370 – 1.0200.Daily Gold chart as at 28 August 2009 using NextVIEW Advisor. Click on chart for larger view.TECHNICALSMACD –

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-46636300493097401522009-09-02T12:50:00.002+08:002009-09-03T09:05:11.480+08:00

The trend is down. Small upward reactions should not be significant (assuming there is no major intervention), at least until support is reached, between 92.60 – 91.75.(Read more here)

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-35468056730751532982009-09-02T07:47:00.002+08:002009-09-03T09:06:03.155+08:00

The price of FCPO went into a bullish rally for one month in the mid-July to mid-August. The price climbed RM525 per metric ton or 26% from a low of RM1,990 to a high of RM2,515. The price then went into a correction, goes to a low of RM2,234 before settling at RM2,366 at the end of the month. The RM2,234 low was a 50% retracement from the one month bullish rally and the 30-day moving average

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-23703797048797762562009-09-01T19:23:00.002+08:002009-09-01T19:23:00.349+08:00

The sideways correction with a slight upward slope, continues. Previous lows were not exceeded when the market printed a short term low at 1.4044 on August 17th. The market is in a relatively weak uptrend.At this moment EURUSD is range bound between the August 17th low and the August 15th high of 1.4446. That high, marked R1 on the chart, is being tested right now.Recent price action implies

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-9330318795314901402009-09-01T12:45:00.001+08:002009-09-01T12:45:00.847+08:00

The US equity market continues its bullish trend with a marginal increase. The DJI closed 4% higher month-to-month at 9,544.20 on Friday. Increase in housing sales, better than expected corporate earnings and positive statements from the central bank boost investors’ confidence. Investors were trading cautiously as the job market has not been improving much. The market has been supported well.

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-79701525640048422982009-09-01T08:57:00.002+08:002009-09-01T09:00:20.758+08:00

The Singapore equity market was in a yo-yo swing last month after being bullish for five months. He similar situation happened in the month of June and the market continued its upward rally. The FTSTI traded in a sideway range between 2,521.36 and 2,700.78 points before closing at 2,642.80 on Friday. A month ago, the benchmark index was at 2,659 points. Investors were taking some profits as they

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-38435142859623772182009-08-28T19:22:00.000+08:002009-08-28T19:22:00.067+08:00

Crude oil price seems to be struggling to stay strong above US$70 a barrel. Every time it goes above US$70, it will start to move into a sideway trading range and fall below US$70. Price of crude oil is still above US$70 currently on NYMEX. However, the price fell US$3.00 to US$71 in the past few days. The highest was US$75 on 25 August. However, the price is still in an up trend, defined by the

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-83588828837307883272009-08-28T08:09:00.002+08:002009-08-28T08:12:55.203+08:00

The Malaysian equity market continues to be uncertain despite better than expected GDP contraction for the second quarter. However, the market continues to be supported well. The FBMKLCI closed at the high of the day at 1,176.90 points Thursday, edging up 13.47 points or 1.12% from the previous week. Trading range for the past 5 days was very tight between 1,162.41and 1,176.90 points. Average

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-20195765539655990312009-08-26T07:39:00.002+08:002009-08-26T07:39:00.338+08:00

Malaysia aims to become a high income economy within the decade, lest she gets caught in the middle-income country trap. While the objective is noble, the policy makers should ensure that the population at large will not be burdened with the ills of a high-income economy.Prime Minister Dato’ Sri Mohd Najib Tun Abdul Razak made this a key priority under his leadership, in order to make Malaysia a

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-56897837437098715852009-08-25T07:38:00.000+08:002009-08-25T07:38:00.135+08:00

The behaviour of the oil market has changed dramatically in the last few weeks. Oil has retested the upper level of the trading and consolidation band. The market is establishing a new resistance level and this changes the upside price targets. The NYMEX (New York Mercantile Exchange) Crude Oil weekly chart is the most effective way to observe the impact of these historical trading bands and

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-2187886222222377212009-08-24T10:03:00.001+08:002009-08-24T10:06:23.930+08:00

The market made a slight downward correction last week in line with rest of the markets in the region. The FBMKLCI closed 22.76 points or 1.9% lower from the previous corresponding week to 1163.43 points. The trading range for the week was between 1,153.97 and 1,196.46 points. The market is still being supported well despite the correction. The KLCI tested the 1,160 support level and came back

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-2901469939410857352009-08-18T07:29:00.000+08:002009-08-18T07:29:00.180+08:00

Click here for Part 1We start the strategy with a basic understanding of the relationship between risk and reward as shown in the diagram. Blue chip stocks are those which have the capacity to return 10% to 20% in a single trade. These figures are moved up a little in a bull market, but in general these are the types of returns we aim for with a blue chip stock. Trades may last months or longer

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-79988990613460375902009-08-17T19:45:00.001+08:002009-08-17T19:45:00.746+08:00

A month ago, I have expected the price of FCPO in Bursa Malaysia to have a bullish bias and test the resistance level of RM2,300 per metric ton because that was the long term 90-day average. The price then was RM 2,020. After facing some resistance at RM 2,340, the price of FCPO continue to climb and went as high as RM2,515 one day before this article is written. The price of FCPO pulled back to

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-17418829403191278412009-08-17T07:25:00.000+08:002009-08-17T07:25:00.556+08:00

The Malaysian equity market is still able to hold near the resistance level. The bulls and bears are struggling to set the direction for the market. The market was expected to go into a downward correction but the bullish move in the US and regional markets prevented the market to fall. The bullish sentiment provides confidence to investors and traders to take higher risk to enter into the market

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-19111914480614960302009-08-13T19:24:00.002+08:002009-08-13T19:24:00.348+08:00

China's property markets rebound especially in Shanghai may benefit companies like Yanlord Land. Yanlord's 5 month revenue for year 2009 of $5.3 billion yuan is more than the $5 billion yuan registered for the whole of year 2008. Two months ago, the company said that it plans to raise SG$604 million through issue of new shares and convertible bonds to fund acquisition of new development sites,

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-33984642498713413822009-08-13T08:04:00.003+08:002009-08-13T08:08:08.102+08:00

China-based shipbuilder Yangzijiang has been able to deliver the ship vessels as scheduled this year. The company has successfully delivered 11 vessels year-to-date. Another 29 vessels are to be delivered until the end of this year and the company in confident it is able to fulfil the delivery. Total value of vessels delivered so far in 2009 stands at US$445.9 million and order book is currently

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-34915552493444861332009-08-11T08:01:00.001+08:002009-08-16T17:38:05.525+08:00

I can still remember my first contact with a broker. The message was blunt. “If you haven’t got a minimum of $50,000 to start with then I am not interested.” The broker’s arrogant contempt struck a raw nerve because I felt I had as much right to make money in the market as anybody else. His comments spurred me on to understand the market, the money making opportunities, and the vital role that

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-24274517647713470152009-08-08T10:41:00.001+08:002009-08-09T09:44:31.345+08:00

Markets in the region have started to take a breather, including the Malaysian equity market which seems to be performing better. The FBMKLCI continues to climb another 23.31 points or 2% in one week to close at 1,183.97 points Thursday after breaking the 1,160 points resistance level. The sentiment remains bullish as the benchmark index is able to stay above this level. Neighbour Singapore has

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-40506379528093132632009-08-06T08:25:00.002+08:002009-08-06T08:25:00.590+08:00

The price of rubber has been trading sideways between $150 and $180 for more than three months in the month of April through mid July. The price went above the $180 level just a week ago, indicating that the correction is over and the bulls are taking charge. The price trend is generally up as the long term 90 day has been increasing since April. The short term 30 and 60-day moving averages have

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-19645347286663499072009-08-05T19:38:00.001+08:002009-08-05T19:38:00.252+08:00

Up trend developing steadily. The NYMEX (New York Mercantile Exchange) Crude Oil price has developed a healthy up trend since the steep fall from US$145 in July last year to a low of $35 earlier this year. The current price is $69.50. The price movement has formed an up trend line supported by the pivot low in early this year and the recent pivot low 3 weeks ago. The price is also being supported

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-59159242955409688262009-08-05T07:44:00.000+08:002009-08-05T07:44:00.047+08:00

The Vietnam market has been performing very well since the VNI hitting a bottom of 235.5 points in end February this year. The market took a turn and rallied more than 100% to close at a high of 512.46 points on the 9th of June. Then the market took a breather and corrected downwards to 412.88 points (support level of an uptrend line) before rebounding to close at 466.76 points today. However,

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Technically gold is still in a long term uptrend. This is true despite the fact that the high of 1033.90 on February 20, 2008 has not yet been exceeded. Near term, however, say for the month of August 2009, the outlook is not so bullish. In February 2009 there was a test of the 2008 high. The market rejected the attempt but the resulting decline was relatively modest in US dollar terms.

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-3160222439428760912009-08-04T08:50:00.000+08:002009-08-04T08:50:00.605+08:00

The Thailand market went into a downward correction after the SETI rallying slightly above 50% from about 410 points in March to 628 points on 12 June. The SETI then went to a low of 560 points in mid-April before ascending to the current level of 624 points. Despite the political uncertainty in Thailand, the market performed pretty well. Just a year ago the benchmark index was trading above 800

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-43841102296710031532009-08-04T07:34:00.001+08:002009-08-04T07:34:00.452+08:00

The price of FCPO went under the long term 90-day average last month and continues to move downwards within the down trend channel defined by the S1 and R1 lines in the chart below. The price went to the support level at S1 in mid-July at around RM 1,990 per metric ton and created an opportunity to go long. At this point, the RSI was in a divergence in with FCPO down trend. The price then rallied

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-79343890274309061922009-08-04T07:02:00.001+08:002009-08-04T07:02:00.507+08:00

The Singapore market was extremely bullish last month after about a month of consolidation in June especially after breaking above the 2,400 points resistance level. The bulls continue starts to dominate the market in early July and the STI rallied 326 points or 14% in a month to close at 2,659.20 points end of July. The Singapore market is one of the best performing markets in the Asian region

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-70133731544322755812009-08-03T20:03:00.002+08:002009-08-03T20:03:00.291+08:00

EURUSD has not yet recovered from it’s largest downward correction in nearly 10 years. Technically it’s still in an uptrend within a corrective phase. When this part of the corrective rally terminates, Euro dollar value should be between 1.4490-1.4690.In the meantime there is a continuing to month correction of the rapid rally that began April 22nd and topped out at 1.4338 on June 3rd. This is

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-893776338681544402009-08-03T19:29:00.000+08:002009-08-03T19:29:00.169+08:00

The 8,870 points resistance level was broken and the DJI made a new year 2009 high last month and closed at 9.171.61 points end July. Market sentiment continues to be bullish despite mixed views about how the economy is recovering in this world’s largest economy. Despite not performing strongly like the Asian markets, the DJI still managed to climb 724.6 points or 8.6% in one month. So far, the

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-12083490068536278782009-08-03T07:20:00.000+08:002009-08-03T07:20:00.606+08:00

The economy seems to be in recovery, the equity market seems to think so, not only in Malaysia but the rest of the world. The US Dow Jones industrial Average made a new year high after going into a sideway correction for about a week amid lower jobless claims. The Dow closed at 9,154.49 points Thursday. The FBM Kuala Lumpur Composite Index did not move much and closed at 1,160.66 points, 7.94

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-39639341266852681482009-08-02T08:22:00.000+08:002009-08-02T08:22:00.600+08:00

The initial upside target of 20,000 mentioned in the last Hang Seng Index notes has been achieved. The best way to look at the Hang Seng is to use a weekly chart. The long term resistance level is near 21,000. There are no technical barriers to the rise from 15500 although a weekly flag pattern did develop. This is not a clear flag pattern, but it can be used to confirm the upside targets of

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-66143618338846634462009-07-28T09:24:00.005+08:002009-07-28T09:29:11.860+08:00

The Chinese and the US economies have developed divergent paths. One is a strong vigorous bamboo shoot whilst the other shows green shoots which some people are now describing as withered or yellow shoots. It’s an issue I discussed last week on CNBC Asia with US fund managers and Asia analysts. China GDP due out this week is expected to show a 7.8% annual growth and some analysts are questioning

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-59747919916032074462009-07-27T09:20:00.001+08:002009-07-27T09:25:20.768+08:00

The equity market extended its bullish run last week as investors continue to be bullish amid positive developments in the global economy particularly in the Asian region. In the second quarter, the Dow Jones Industrial Average climbed about 11% while Japan’s Nikkei 225 jumped 23, China Shanghai Composite Index rose 25%, and India 53%. The benchmark KLCI rose 43.27 points or 3.9% on week to close

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-20799105752959458622009-07-23T09:03:00.004+08:002009-07-23T09:24:00.072+08:00

Buy low sell high – a stock market adage easier said than done. In pursuit of putting this proverb into practice, sometimes an investor buying stocks at a low price ends up selling at much lower levels when the share price continues to slide and he must take steps to preserve his capital. Buy low sell high turns out to be buy low sell lower. Worse, if the price of that same stock moves higher

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-57988540058851677532009-07-21T08:49:00.001+08:002009-07-21T08:51:52.691+08:00

The price of FCPO (Crude Palm Oil Futures on Bursa Malaysia) continues to fall as I have expected in the past one month but fell lower than expected. There is a technical support level between the price range of between RM2,100 and RM2,200 per metric ton but the FCPO went as low as RM1,990 from RM 2,400. The price rebounded and is now at RM2,020. However, the market did rebound temporarily from

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-42621802366305896932009-07-20T09:12:00.001+08:002009-07-20T09:15:06.823+08:00

Just when the technical indicators are showing a bearish reversal in the making, the market turns more bullish last week and set an 11-month high. After one week of almost no change in the KLCI, the benchmark index closed 1,108.88 points Thursday, climbing 43.2 points or 4 percent from last week. The increase comes from the past three days as the market was generally weak in the early of the week

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-62139636821602640452009-07-14T09:03:00.002+08:002009-07-14T09:07:33.310+08:00

It has been a slightly bearish week for the Malaysian equity market as investors are worried about whether the current economic improvements are able to be sustained in the long run. The up-trend of most markets has currently come to a halt has investors are concerned that the equity market has gone far ahead of the economic fundamentals. Lack of buying interest pressured to market to fall last

adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0