19 Jan 2022 After Market Review

Almost all of the sectors are having further sell down today, after major US indices broke technical support level (MA 50 for DJI ; Uptrend line for Nasdaq).

KLCI index shows bearish signal as it breaks MA50 important support ; Ace market shows more terrible sentiment as the six days of selling continuously had lead to break of previous bottom support.

In short, either the US or Msia market are showing bearish sign right now, whether it to be the beginning of crash or bigger correction, time will tell.

Not to be aggressive in fast trade due to huge uncertainties, while perhaps it's time to eye on counters with solid fundamental, wait for it to drop to an attractive valuation. This could be a better strategy for investors who have holding power. If you don't, hold cash could be a good idea now too.

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