Friday, July 30, 2010

Strong Support At 1,348 Points For FBM-KLCI.

It has been a week and we can notice that this is not an easy market to play along. For those who always followed the share market movement, they would have an opportunity to make some profit.

No doubts our share market performance is going up bit by bit with the FBM-KLCI creating new high but overall performance still didn't confirm that a bull market is coming. For me it is not an easy market to trade with. Patients will play an important role to determine whether we can will these battles.

Total turnover done these few days still consider on average. Looking at the charts, 1,348 points would be considered as their main strong support. A breach of this level will bring the share market momentum to a pause.

From my point of view our share market performance still need to reconsider how the Dow Jones Industrial Average performance as the DJIA still didn't post any positive sign that their trend is turning to an uptrend. We need few more days in order to exam where the DJIA current trend is heading to.

Monday, July 26, 2010

FBM-KLCI At New High. Still Have More Rooms To Move On?

It has been a while I didn't post any article on Malaysian share market. For the past two weeks, I have been monitoring the performance on the Malaysian share market and I would like to share it with my readers. Looking at current Malaysian equity market, most of them perform quite nicely and some even climb to make a new high.

The FBM-KLCI major resistance of 1,348 points was easily crossover without any hurdle with a bit of volume to support the current movement. The FBM-KLCI now closed at 1,351.82 points, just a diferent of about 2 points from previous high of 1,349.92 points set in 04/05/2010.

I don't know how strong the FBM-KLCI is going to be but it seems that current sentiment suggested that the FBM-KLCI still have some potential to move higher but at this point, the FBM-KLCI might take a pause or to readjust their current running after hitting new high.

At these moments I won't call it that the Malaysian share market is in the Bull Run because current sentiment still suggested that there was not many speculation players inside and the current environment also suggested that it was not an easy market to make some return.

We can make some profit but we must know how to choose the right counters in order to make some return. Searching for a right counter need lots of attention and patient because not every counters are moving. Don't forget to watch how the Dow Jones Industrial Average movement because the DJIA still play an important role to determine the world equities market performance.

Thursday, July 15, 2010

Death Cross For Dow Jones Industrial Average. Becareful.

2010 FIFA World Cup South Africa has ended. Now it is the best time to pour our attention towards the Malaysia equity market. How our Malaysia share market fare lately? It seems that there are so many counters started to move bit by bit but how strong our share market will move in tandem with the Dow Jones Industrial Average?

At these moments, I'm still quiet queerest whether we are really moving up according to the fundamentals? As they use to said, when the World Cup has ended, the share market would start to move higher. Can we use this statement?

Basically according to overall charts suggested that the FBM-KLCI was moving higher and higher but not every counters were moving accordingly with the index. Total turnover done for the Malaysia share market also stands at low. Right now we cannot assume that this is a Bull Run in the making.

No doubt we are seeing some healthy sign ahead, choosing a right and perfect counter would determine our gains. Again I would like to cautious everyone about the Dow Jones Industrial Average movement. Right now we can see that the DJIA is performing quite well but based on some few analysts projection, we are facing quite a dangerous situation. How bad is that situation? (bear in mind it will takes times for this thing to happen - downtrend) Please read this article to gain more knowledge about the DEATH CROSS
. An Analysis of the Death Cross Sell Signal.

Technical analysis, a Death Cross occurs when the 50-day moving average of an index, or stock, moves below its 200-day moving average (50-day moving average meet or cross the 200-day moving average). It may sound complex, but what a cross means is that recent average price of stocks has fallen below its long-term average.

Wednesday, July 7, 2010

Dow Jones Industrial Average Forming Head And Shoulder ???

Looking at the Malaysian share market performance right now, it seems that we are moving side way with no new interesting news occur. Basically they always move this way during the on going world cup fewer. To judge how the overall Malaysian share market performance, we have to study the U.S equity market first.

If we take a look on the Dow Jones Industrial Average (DJIA) movement at this moment, things don't look quite positive if we study their chart.

Since the previous high of 11,200 points (set in end of April), the DJIA is experiencing some downturn and yesterday the index climb higher after down for few days already. Can we consider if there is some opportunity ahead in the world equities markets? At these moments I'm still doubt about it whether there is still an opportunity lying ahead. We just have to watch how the DJIA is going to fare these few days.

Looking at the DJIA chart, can you find any HEAD and SHOULDER in the making ????? I don't know whether they are forming the Head and Shoulder pattern. But if the formation was really a Head and Shoulder then it would be a very bad indicator for the overall world equities markets. We just have to be EXTRA careful on this matter. Head and Shoulder formation on the top is very very BEARISH indicator !!!