Wednesday, April 28, 2010

May Month To Sell ? Just Watch How The World Equities Performance.

Frankly looking at yesterday share market performance and overall closing prices, I would presume that the Malaysian share market especially the second and the third liners are gone. Are we really sure that they are really gone? I'm not trying to be in a negative position but seeing the overall movement, we ought to be negative a bit in order to protect ourselves.

Looking at the FBM-KLCI, our index still staying in a comfortable zone but looking at most of the share prices for most of the counters, they seem to be not doing well at all. Was it our share market is heading for correction or just a profit taking? Quite a though question but opportunities still exist with limited counters to choose from.

For the last two weeks, I have been unloading most of my holding that I have purchased since last month. Just want to be cautious with my current position before we entering in the month of May.

World equities market especially the Shanghai Stock Exchange has shows more weakness sign and their trend didn't really follow the trend of the Dow Jones Industrial Average performance. Even in our Malaysian share market also face the same scenario, standing near between 1,320 points to 1,340 points and not moving anywhere.

At these moments, I would still look for opportunities but I would be extra careful not to fall in a Big Bull Trap as this trap might be a big one? For record purposes - always when the share market enter in the month of May, most of time the share market would move to the south poles. Can this thing happen in the first place, that the share market is going down? Who knows, we would never really know what is going to happen next when we wake up in the morning.

Thursday, April 22, 2010

FBMKLCI - Trade With Careful Approach ?

Another week has gone, yet the overall Malaysian share market performance still not really encouraging enough. The market is getting weaker and weaker. No doubt there were some electronic counters which are moving along with the current trend but it didn't means that these counters will represent the current performance or the momentum of the whole market.

I was watching the share market movement during my holiday trip to Chiang Mai, Thailand and I found out that pouring our money during this period would not be consider as a wiser move as the current share market movement that we are experiencing right now didn't have this kind of atmosphere to indicate that the market is on the way of moving up.

Well we will have to be careful as there are so many counters started to show more weakening signal. Although some of them move even quite low, it didn't means that it was an opportunity to buy or to shows that the market has gone? Choosing a right counter would the best strategies to adopt right now as we can see there is still more rooms to play with but with so few counters to choose from? All in all the share market performance will still depends on how the Dow Jones Industrial Average will behave these few days.

Friday, April 16, 2010

Malaysian Shares Performance Showing More Weaknesses

Well as we can see, our share market reaction towards the Dow Jones Industrial Average didn't match at all. The DJIA is climbing but our share market was supported by the blue chips but most of the second, third liners are moving side way and some even move down a bit.

What really happen in our share market? Do we need something special in order to push our share market move? ...... Any new announcement on New Economic Policy? Simple ..... we don't need to have this kind of things.

All you need to have is an ability to choose the right counters. Based on the overall market performance, we still have some spaces to make some earnings but judging from the current share market momentum, it is quite hard to make some solid decision either to go in during a correction happen?

Right at these moments, the atmosphere around our share market was not as bullish as we thought as there was no volume builds up, no leaders emerge or any exciting news emerges? The strategy now is to choose the right counters. I have been monitoring the whole share market performance for these few days but I couldn't find that kind of exciting moment and feel .........

The conclusion on our Malaysian share market performance right now, hold on some blue chips counters, searching for the counters that can move - rotational play and for the third liners ..... don't even think about it unless they are solid counters.

Some people even said that I'm pessimist but my comment towards the Malaysian share market was based on overall performance but not on any individual counter. I'm not against on anyone given me this kind of comments, it was a healthier comments and I will take it as a complimentary to sharpen my analysis and outlook for our local share market.

Anyway as I used to say that we must always be a Trend Follower not a Trend Predictor.

Wednesday, April 14, 2010

Dow Jones Industrial Average Movement Divergence?

These few days the momentum in our share market movement suggest that our share market don't have enough extra power to move on and some even suggest that our share market is lack of interest and confident. We still can make some earnings provided that we are buying the right counter.

I don't know whether what has happen recently in our neighbouring country Thailand can really help our share market as their country facing lots of problem in their political instability. Whether their fund manager will shift their current portfolio from Thailand to Malaysia like what happen during a few crisis happen in the past, still it would take a bit of time for them to reconsider. It happen once before, when Thailand tighten their credit control, most of the fund shifted to Malaysia.

At these moments what would I do right now is to monitor how the share market would react. Now it is not a good time to look for more opportunity as our share market really a hardcore to play with. It is not a healthier sign at all.

Looking back at the Dow Jones Industrial Average movement, it seems that the Dow Jones also don't have enough strength to move on. The indicator also shows some Divergence signal and this one is not a good sign at all.

Basically if this kind of sign appears, the share market will experience some negative impact, less energy to move on, side way market or maybe a sharp drop movement. Looking at the chart, we need to apply few strategies in order to strengthen our portfolio. For me, I don't like the chart pattern at all. I don't feel safe with current share market performance especially the DJIA. I might be wrong but for me I would still adopt some strategies to safeguard my portfolio.

I hope that my outlook was wrong......... HAPPY TRADING and HAPPY SONGKRAN DAY.

Saturday, April 10, 2010

Taiwan's Susan Boyle - Lin Yu Chun - I Will Always Love You

Chubby underdog blows judges away as he belts out Whitney Houston... and becomes YouTube hit.

Lin Yu-Chun, a contestant on Taiwan's "Avenue to Stardom" talent show, nailed a performance of Whitney Houston's "I Will Always Love You" and has since accumulated more than 2 million views on YouTube.

The 24-year-old drew immediate comparisons to Susan Boyle, the plain 48-year-old who became a star via Britain Got Talent and Youtube.

Nicknamed "Little Fatty" (which the Associated Press nicely translated to "round-faced soprano with the bowl haircut"), Lin told the AP that online fame has boosted his confidence.

"You don't have to be a good-looking man or woman to succeed," he said. "Just be yourself and try your best." His pitch-perfect rendition of the Whitney Houston/Dolly Parton mega-hit * I Will Always Love You * blew a panel of judges away.

Have you seen the video yet? If not, watch the must-see below:

But now it seems Lin is ready to take as the year's most unlikely music star and he is the bookies' favourite to win the talent contest. The grand prize on Super Star Avenue is almost as jaw-dropping as Lin's performance - the chance to release an album, as well as $1million (£650,000).

Friday, April 9, 2010

The Bandwagon Still Riding To The Top?

Another week has pass, the whole share market performance looks quite good with some of the counters started to move and take turn to go up. Yesterday our Malaysian share market was experiencing some profit taking activities after the share market has gone up for few days.

Whether it is an opportunity to buy at the lower prices or to accumulate and sell it at a higher price; its poise another question whether how long our Malaysian share market still can last long? Looking at the current momentum, we still have more rooms to move on but a pre-cautious measure needs to implement in order to safe guard our investment.

I'm not going to predict or forecast where our share market is heading to? All I need to do right now is to be a Trend Follower but not a trend predictor. Right at these moments the bandwagon is heading to the north and I'm going to ride it along until there is a signal that this bandwagon is going to stop (1,300 Points - Main Support)

We are entering in the month of April and we are getting nearer towards 2010 FIFA World Cup South Africa. Another 2 more month (62 days) before the world most prestige's class of football start. In the share market history usually before and during the FIFA World Cup start, the whole world equities market will have a slow momentum and lack of interest. Some might even go down during that time and it will be a quite market.

Friday, April 2, 2010

Second And Thrid Liners Still Mostly Quiet ?

Was it an April Fool's Day or was it just 1st of April? As we can see, last week the share market performance show more promising movement but all the sudden after the announcement by our Malaysia Prime Minister Dato Seri Najib Tun Razak on New Economic Model (NEM), the Malaysian share market (second and third liners counters) lost its momentum.

Indeed this is quite a hard equity market to play along unless some of us have the capabilities to play with the blue chips counter. No doubt we still have quite a number of counters to play along but still it is not enough to prove that the share market was an easy equity market to create some income.

Choosing the right counters would be the key advantages for those who look for better trade but yesterday trading saw that UEMLAND has some potential to bring up the whole market. I was wondering whether UEMLAND has the ability to lead the market as their Ex-rights shares will be coming out very soon. It is quite important to watch this counter in these few days as we use to know that UEMLAND has the historical record to become the Market Leader for the Malaysian equity market.

Right now our share market still have some potential or more rooms to move on but it is very important that we don't miss out this opportunity. Maybe some of us are still struggling to make some profit but some would have lose during this time but the most important message we need to bear in mind ......

Sometimes We Must Lose A Few Battles In Order To Win The WAR.