Parabolic SAR Selling Signal Appear ?

Well what do we think about our share market performance right now ? No volume to support the overall market movement and indeed the market just like a dead fish only. Only certain counters are performing very well. We only can make money if we really buy at the low and have to wait for certain days and timing then only we can really make some profit.

A quick check on the FBM-KLCI suggest that the trend might take a pause. There is a signal or an indicator showing that the Parabolic SAR already shown a selling signal after yesterday the FBM-KLCI move down. But looking at the FBM-KLCI still staying above the 1,200 points level, we can consider that the index is sitting quite comfortable at this level.

Yesterday also saw the FBM-KLCI touches its major strong supporting line, so we need to be well alert these few days whether the index still can stay at its uptrend channel. Any break down from the uptrend channel will signal that the trend might take a reversal pattern.

Crude Oil Prices Breaks USD 67 Barrel

Basically looking at this market movement today, I would rather say there isn't anything special going to happen to our Malaysian Share Market. The market have already move for quite sometimes and as usual we can't really find any counters going to behave just like a market leader.

If we exam the share market movement it seems that most of them look really tired but the world equities market just won't go down. Looking at current Crude Oil prices (USD 66-67 per barrel), this is not really a good indicator or a good sign for the world equities market.

I have been monitoring the Crude Oil prices movement since last year although I'm not one of the player but whenever Crude Oil prices went down, we have to be careful with the Dow Jones Industrial Average (DJIA). Most of the time Crude Oil prices move accordingly with the DJIA. It happens most of the time but not always. If the DJIA follow the exact trend of the Crude Oil (going down) then it would really a bad sign.

Right now we just can't say that the Crude Oil prices are heading towards the downtrend channel. They need to be confirm if the Crude Oil prices still going down further (break the USD 62.70 per barrel) but we have to monitor it closely in order to preserve our profit margin if the DJIA really follow the Crude Oil prices movement.

Who know ? Anything can happen ..............

FBM-KLCI Still Moving Up But No Market Leaders ?

Well after two days of holiday, we are back to the share market. Current sentiment is a bit active with most of the share prices still hovering around their share prices. I would still prefer the volume done in the market to increase or there will be someone becomes the market leader.

Right at these moments, we still can't find if there is any potential counters would become the market leader. We still have few more days left in the month of September before we are entering in the month of October. As usual in the month of October, DJIA always perform very badly. Usually we call it BLACK OCTOBER. I don't like to behave negatively but rather be cautious ahead in the month of October.

There are still some counters or particular counters that still can moves. It is just that we need to search and eyeing our favourite counters whether they can move or not? These few days the Dow Jones Industrial Averages performing quiet well with the DJIA moving towards the 10,000 points level. Looking at the world sentiment, we can say the equities market are heading up with the lead from the DJIA. It seems that there isn't any bad news to stop the share market from moving up.

Speculate wisely and we can gain something out of it.