yup noted..but i have strong feeling DXY INDEX will soften a lot these two-days..tonight n tomorrow..which will make much difference on 'sentiments' next 2-days..
just now i saw..it break -0.30 ( i mean the band)..it shows it getting weaker. i dont have timetable FOMC Governor. but..i think..someone will put nice word to ensure Dollar is retreat a bit..plus..Keystone is already cancel..therefore..USA has no other choice..to soften the USD Dollar to ensure 'market equilibrium' for crude oil..because ..to break USD 42 within this week for NYMEX..hmm..it will hurt so many Republican voters..haahahaha..so.. i think..there will be some magic too at DJIA..which definitely ..the good friend FKLI will follow to sprint higher the first 15minutes tomorrow..:)..HOPE so..
I notice several ppl here who are different from normal investor like me apanama and Fund Manager. Yes, I know many ppl don't like FM but base on his track record, yes, he is accurate and both of them don't speak like normal investors. The best normal investor award goes to Wei Jie (the tomorrow up or down guy) and Ong (the KLCC guy)
don't go against the trend, O&G, plantations, properties, airlines are No no for me. why need to fight the scale of economy? there will be rebound here and there (SK Petrol, bumi, EUMS, FGV, etc) but u cant catch on rebound.
Last year up to next year will be Tech, gloves and export companies. RM start to nose dive Q3 2015, so next year earnings will be good compare to Q1 and Q2 2015. So, export companies financial report will be pretty in Q1 and Q2 2016. However, that might not translate into share price as the share price might be priced in already.
Monitor closely DIALOG share price. Its ahead of everybody. They tend to react first. The rest just followers. If u have strong cash and like to average, definitely Oil n Gas will give significant profits.
For glove making companies, there will be some profit taking this week I guess especially when u saw Top Glove that move from 9.40 to 10.00 yesterday. Careplus is consider just started for its second attempt to break 60sen. But still has a big question whether these particular stock to benefit the pioneers who is actually get the bonus issue who will cash out to new shareholders like us. That's time will tell.
I did highlighted about " market equilibrium". There is pro n con about next market reaction. However, the acceptance of Yuan inside the SDR by IMF , I think in simple logic, will tame down US dollar in the long run which we know what will the next positive effect. No doubt that world sentiments now are tend to be bearish due to these FOUR (4) FACTORS: 1. Crude oil price and its supply with market share vs price control 2. Currency war 3. US Interest Rates 4. GDP GROWTH N WORLD GDP ITSELF
Like I said those days in September as contrarian, the way I see market itself is actually SENTIMENTS N PERCEPTION that dominate majority market participants either they are Big Boys or Small Boys. Therefore , the market mover is easily to drive each market participants EMOTION. Therefore VOLATILITY IS STEP IN. When that's the case, PUT N CALL will attract back some movement. :)
Last but not least, don't worry too much. When u see all of the world leaders are shaking their hands, they won't go for World War 3, that's mean, market still has room to go up no doubt the downside risk is there but still go back to BUSINESS. If everyday down, brokerage house n bursa Malaysia can close shop. That's why we will see TECHNICAL REBOUND here n there.
All the best...wallaahuallam...n of course I hope FBMKLCI N FKLI WILL MANAGE TO REBOUND AT LEAST 1670-1677 for FBMKLCI N 1666-1672 FOR FKLI NOV. at least FBMKLCI C12 C22 N ALL C can gain minimum 1sen to 2sen n H will have some profit taking within the same band. Its MARKET EQUILIBRIUM. :)
At this point of writing..I'm enjoying see the dance of DXY INDEX N DJIA which I like to summarise as follows: When DXY INDEX BAND IS GETTING WEAKER ( -0.30-0.20) TOGETHER WITH NYMEX DOWN BY USD 1. its mean next week crude will go up n in fact I'm not surprise it will test USD 45-46 N OF COURSE USD WILL GETTING WEAKER N MYR WILL STRENGHTENED PERHAPS TODAY N TILL FRIDAY WITH MYR 4.33-4.345. This will help TECHNICAL REBOUND for FBMKLCI N FKLI...:)
Market was actually move from 1657 to 1668 before settle around 1665. Today the same dance...the lowest is x yet certain but I think 1660 will be strong support level for FBMKLCI because it managed to climb as much as 10 points yesterday. Plus today is T4 for 1680 contracts. Assuming the MYR softening due to USD weakened n prospect quite high for Crude actually to recovered next week T3..Therefore..I x see significant selling pressure like yesterday..thus..MARKET MIGHT SEE MODEST GAIN TODAY
The C will eventually rise because MYR 'gostan' to MYR RM 4.35..which i think ..it will gostan deep further..instead marching forward to break that RM 4.40..at first i thought it will break..but then..2-days consecutive days i monitored the DXY INDEX..eventhough at party..haahhah...:)
unless tonight Makcik Yellen will use her longkang words..then it will jeopardize and give some material impact..but..if she careful in her choices of words..put it more nicely..in fact who knows she give more positive powerful words like..'WELL, i think the interest rates wont give much effect to the economy'..hhhahaahhaah...i dont know...my english not so good..maybe her PR COM will do the best choice of words tonight..:)
Please accept the fact that Najib will remain our Prime Minister either u like it or not. Please accept the fact that Mahathir is no longer exist in the Cabinet even his proxy is out. At the same time, PAS is PAS. With G25 is no longer supported Mahathir and Muhyiddin, plus i do believe Anwar will support Najib from his cell..(oops), therefore, market will bullish :)..
Mr Apa... you last week keep asking market collapse.. once drop one day.. u want market go up.. wait lah... let market crash more a bit.. so i can get cheapeesssssst stock... so everyone get cheaper stock..
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
apanama
3,796 posts
Posted by apanama > 2015-11-11 16:06 | Report Abuse
dont say like that Mr.:Lim..kita sama sahaja..