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.

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.

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.