Why has ringgit been stable? Becuase USD has not been so strong. In fact most currencies in emerging markets have been quite stable during the global stock sell-off because USD has not been so strong. That's why stocks in emerging markets have been outperfperforming stocks in developped countries during the global stock sell-off. Malaysians don't need to worry about the global stock sell-off as long as ringgit has been stable.
Ringgit is weakening as you see oil price keep decreasing and will go back to US30 dollars. On top of that, US rate hike will further weaken Ringgit to below RM4.50 to US$1.
DJI is showing sign of reversal unless 23,360 is broken again. To me, the candle on 9/2/2018 is a bit like a Hammer indirectly. DJI had completed a,b,c correction.
If 23,360 is broken again, it is not a correction on DJI. It is going to be a crash if DJI breaks 21,292 which is a 20% correction from top.
PureBULL . > Feb 12, 2018 04:48 PM | Report Abuse X
All the BIG FUNDS need to urgently do REBALANCING now.
Many industries or sectors r edi over the CURVE n fast gg down in prices.
i. Exporters r all out n gone for few months edi. ii. R gloves had topped n can only go down. iii. Tech stocks r all in weak hands now: Weakened INARI is taking VITROX, PENTA n etc down together.
When FUNDS do rebalancing act, there will be LOTS of money that need to be spent on other stocks.
What can funds buy?
PLC enjoying Strong RM n Strong Oil price not ONG i.e. i. Material Importers NESTLE, F&N will lead DLADY, CARLSBG, HEIM up
ii. HENGYUAN
iii. Specialist mega contractor, GKENT
This coming cycle is a limited edition, only limited to few stocks.
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MQ Trader 3369 views | 3 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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PureBULL .
2,503 posts
Posted by PureBULL . > 2018-02-10 05:18 | Report Abuse
HO HO HO...
ANGPOW $$$ is coming to U ... :)