Global markets bounced as expected. Let's see how KLCI closes today.

http://klse.i3investor.com/blogs/N00b/96996.jsp

Thank you MalaysianKerbau
It's a calculated risk.

Yes

Home sales numbers come out later.

Genscape said 1 million draw in Cushing

It's only 12%

Maybe there's a show waiting?

I don't know.

83% of c16 warrants missing from Q

incredibly thin volume

EPF = +73 Million shares since April 7

Daily Candle Dragonfly doji

Indicators don't make the price go up and down. They only justify the movement. Price goes up when Q bids higher. Q bids higher due to Catalyst. There's your catalyst
http://klse.i3investor.com/blogs/N00b/96996.jsp

https://www.tradingview.com/x/01vtNjZS/

http://klse.i3investor.com/blogs/N00b/96996.jsp

Look at the S&P: https://www.tradingview.com/x/KM96TzIX/

3 million c16 warrants appear out of nowhere in Q @ 0.01

Iran doesn't matter as much now. They're already close to short-term capacity. It's just politics between Saudi Arabia and Iran now. What really matters is forced production cuts in Nigeria and Venezuela and other financially-stressed countries. US oil inventories for this week will show massive draws because it takes a couple of weeks for the forced production decrease caused by the Canada fire to take effect (roughly 14 days travel time in the pipe) US imports will be down and US production will be down.

Get ready for the show

Last week's candle = Hammer

Look what happened the following week the last two times we had a weekly hammer candle.
http://s33.postimg.org/zdbtoede7/index.png

There's something very unusual about the volume in Q

You're broker must be very happy.

Only 6,300,000 C16 warrants in Q. 33,700,000 missing.

¯\_(ツ)_/¯

No change to Malaysia rate.

ECB minutes coming out in two hours. Malaysia interest rate coming out in 40 minutes. I think they will cut rate.

whales

rate cut.

1 M share road block eaten in 5 seconds
then one more 1 m share road block....again also eaten in 5 seconds.

Now third road block

Rate cut.

Last shake up today...get the weaklings off. Tomorrow is gap up day in response to how global markets will go up later tonight.

We close above 1.61 today.

Buying %78

http://www.reuters.com/article/us-petrobras-bonds-idUSKCN0Y82NG

Buying: 80%

Nom Nom Nom

C16: Issue size 40,000,000

less than 2,000,000 Waiting in Q to sell @ 0.005

Total in Q selling below 0.025 = ~5,400,000 Warrants.

where's the rest of them? ;)

75% bought from sellers

Global sentiment weighing down on all markets. Catalyst will come in the NY session later tonight.

I am expecting dovish Fed minutes and Very bullish EIA inventory report.

Foreign selling Friday 600 M
Foreign Selling Monday 300 M
Foreign Selling Tuesday 132 M

See the trend? I think it will continue.

¯\_(ツ)_/¯ Maybe in the review they should change the name of the index from KLCI to BOLEH?

UMW weighing down on KLCI

Next up is the FOMC minutes from their April meeting. Effect on Market will be seen tomorrow

Anyways. My main focus is the opening and closing prices

Well...it's really the responsibility of the inconsistent FOMC members. One day they say this....the other they say that....they're creating a ton of confusion.

Today is first day in the new cloud (Ichimoku) for SKP. I am expecting bullish price action. Wonder how KLCI will react to other markets though.

Let's see if good news is bad news now.

Japan GDP SMASHES expectations!!

http://www.reuters.com/article/us-petrobras-bonds-idUSKCN0Y82NG

http://klse.i3investor.com/blogs/N00b/96664.jsp