This morning the share market went up and goes against the Dow Jones Industrial Average. (DJIA - 137.63 points). Although the DJIA went down but some of the share prices in Malaysia went up even higher. Yesterday I have already set my mind after analysing the whole situation in the market movement. If the share market went up today, I will sell my entire shares. It will depends on the performance of each counters.
And I did it this morning. No doubt I sold off most of my shares but it didn't indicate that the market has gone. I just take it as a pre-cautions measure. I don't want to be get caught by this market as I foreseen this market is moving quite fast and maybe they will consolidate for a while. One of the reason I'm doing so because I don't like the performance of the DJIA. Frankly to my disappointment the DJIA still cannot stand above 8,000 points. It seems that they have try to penetrate it so many times but still they couldn't break and stay above the most important level. If the DJIA still stay below 8,000 points then the corrections might set in. I'm not trying to be negative but rather to make my self clear that the Malaysian share market has gone up for few weeks.
Trading opportunity is still out there. All we need to do now is to concentrate and find suitable and potential counters. Maybe there might be some profit taking activities but the share market still has a potential to move around.
5 comments:
Is there any chance the KL index will keep going up because of the political instability in Thailand and N-Korea...and help the foreign money swim to Malaysia???
hi jackie,
care to share with us your portfolio?
thanks!
hi jackie,
would you mind to share with us what was in your portfolio?
thanks!
Sorry guys. I have mistaken alter my comment in my blogger...so I don't know that you all post the comments here.
Sorry for the delay.....
About the political instability in Thailand and N-Korea. I don't think they will help at all.
Basically Thailand political instability is not something very new. They already have the conflict for quite some years. Inverstors over there already get used to it.
About N-Korea .... well, a comunist country. They just launching their rocket. Got nothing to do with the South East Asian countries
My portfolio.... well very good question......
LBS, Glomac, Octagon, Gpacket, Eksons, ECM, AFG ..........
Actually that were not really important... I have made few thousand over my trade this week.. The most important thing that we need to know is when to run or to clear our portfolio (take profit).....
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