I will be away this 2 weeks and will not have the time to do up a write up. Good fortune in all your trades. Be cautious.

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Macro View: (~) US Fed outlook remains uncertain. There is no clear indication that June rate hike is off the table. Yellen said it still depends on the strength and recover of the economy. In many aspects, the US economy has shown sign of recovery although the GDP growth in Q1 was only 0.2% vs forecast of 1%. Europe is still plague the looming debt deadline for Greece and London is facing the uncertainty of a potential hung parliament. Asia market remain sideways until today where Shanghai index plunge 4% and Hang Seng Index by close to 2%. Oil hovered around USD50 and USD67 respectively for WTI and Brent.

Potential Risk in Global / Domestic Market: (-ve) Locally, FBMKLCI drop over 50 points last week due to the long weekend and profit taking. May usually is a slow month. However, there will be flows of corporate earnings for Msia and this may affect the momentum of the market. There are counters which one can look to buy on weakness, specifically those that I have mentioned in the past postings. I will look for fundamentally sound with low valuation in order to have the safety margin.

Contra Picks: None

As I wont be around to monitor, I will not be picking any counters this 2 weeks. Please trade carefully and observe the movement before entering.

Short Term Picks:  Hohup (TP RM1.80)

Any weakness offers opportunity to buy in and accummulation for future run up. Upcoming results may trigger further upwards movement.

Mid Term Picks: Edgenta (TP RM3.88)

It is back in play and noticed it is steady around RM3.70. I foresee further upside and may move towards my TP should i breach RM3.80 with volume.

Long Term Picks: Signature International (TP RM3.00)

Signature International will continue to be on my radar and will look to buy on weakness due to its undemanding valuation. I foresee it has no problem to continue its uptrend should FBMKLCI stage a potential rebound.

Food for thought: Holiday is every day when you love your job and don't mind doing it every single day!

May good fortune come your way!

Disclaimer: This is not a recommendation to trade. It is merely the expression of the author's personal opinion and shall not be held responsbile for potential gains or losses executed by readers.