i think dollar is tend to soften prior FOMC meeting while Saudi will give a lot of surprise tomorrow...thus..Crude will eventually rise to USD 42-45 instead USD 35-37
There are two ways to look on Crude Oil..one is market share while the other is USD Dollar..with China Yuan is already into SDR...thus..it will challenge USD Dollar..thus..Dollar will soft..once dollar soft..the first will react is Crude Oil...i am looking 94-95 for DXY which will give about USD 2-3 dollar with add on USD 1-2 dollar speculative..
APANAMA... abg DIN mahu join 9 Ketua Cawangan UMNO... Najib x goyang kah??? Semue brg mau NAIK... ABG jib x takot RAKYAT meroyan Ka??? abg DIR xhbs2 duk condem ABG jib... ABG jib x goyang kaaa... Ble ini Goyang, ini pasar x goyang ka???
Pasar ini tidak akan goyang. Muhyiddin mana ada grassroot. Actually dont read the politic like as it is. Muhyiddin is kambing hitam for Mahathir to retain Najib in power. Based on my experience, all the Chief Ministers ada taik and MACC ada fail masing masing. heehheeh...thats why Muhyiddin tak belah belah dari UMNO macam Anwar Ibrahim.
If you guys expect Political Crisis will drag into the picture , you will waste your time to see the greatest rally ever until Chinese New Year next year.
Hopefully dengan berkat mlm jumaat..DOW JONES NANTI TUTUP 17900 ABOVE..n if MY THEORY IS RIGHT LIKE TODAY CLOSING FBMKLCI 1673 was actually followed yesterday DOW JONES CLOSING 17630 hehe .therefore..hopefully DJIA tonight may cross that 17850-18000..thus..FBMKLCI will follow thru 1684-1690 tomorrow..:)
As predicted by me. Its happening. Therefore this should be next catalyst that market should look n react positively because the significance impact on MYR/USD relationship which finally will show the real value of MYR . If market do not break 1688 and even higher with MYR should be traded less than MYR 4.15 TOMORROW FRIDAY ONWARDS..I x know what to say other than to curse all the speculators to be burnt in hell..market should break 1688 n onwards with MYR 4.15 N BELOW
Perhaps this is the time FBMKLCI with SKPETRO N ALL THE OIL N GAS STOCKS will show their true colors by strong movement on Friday n together Malakoff n all plantation stocks like KLK SIME IOI to boost the FBMKLCI to 1688 instead 1666 even though DJIA is being hammered by 255 points. I x see why must DJIA dictate FBMKLCI this time because the DXY INDEX is purely shown now DOLLAR IS GETTING WEAKER which definitely improve our MYR position which the real value of MYR ITSELF stand at 3.70-3.85.
I am still positive about Malaysia market due to the followings reasons:
1. Political crisis is being avoided by UMNO whereby Najib is successfully galvanise his power within UMNO together with Ahmad Zahid.
2. Dollar softening
3. Saudis will finally cut its production because they knows USA technology n other shale oil producers are more systematic n discipline which if they fight they will loss a lot at the end which will give them more headache to maintain their national budget. At the end USA is their ally. :)
Oh ya don't forget our TNB OR TENAGA...it should fly because 1MDB is considered done deal n cerita basi. We should move on as China Nuclear is already bought it. Thus its not a factor anymore for TENAGA therefore this TENAGA should bertenaga too
For banking..Pak Man Bank should trade higher and being accumulated because it will be another China Play..hehehe..these can help FBMKLCI too...of course Mr Lim favourite Genting too n don't forget ASTRO Anandha hehehe..therefore BUY N BUY N BUY
U.S. stocks sold off on Thursday, pushing both the Dow industrials and the S&P 500 further into negative territory for the year, after the European Central Bank unveiled a smaller-than-expected expansion of its monetary stimulus program.
The drop came amid a sharp surge in the euro and a selloff in government bonds and European stocks, while Federal Reserve chief Janet Yellen once again signaled a U.S. interest-rate hike in mid-December.
The S&P 500 SPX, -1.44% fell 29.88 points, or 1.4%, to 2,049.63, its biggest decline since Sept. 28. The benchmark index turned negative for the year. The Dow Jones Industrial Average DJIA, -1.42% dropped 251.74 points, or 1.4%, to 17,477.67, further into negative territory for the year. The Nasdaq Composite COMP, -1.67% ended the session down 85.70 points, or 1.7%, to 5,037.53
Analysts described Thursday’s stock rout as a violent unwind of a crowded trade. See also: Beware the crowded central bank trade.
Investors had piled into the short euro/long European stocks trade, and quickly reversed the trade after the ECB’s announcement fell short of the market’s expectations, analysts said.
The details of more QE “are not the big bang that some had thought and/or hoped for,” said Peter Boockvar, chief market analyst at The Lindsey Group.
See also: Here’s why investors booed European Central Bank’s stimulus plans.
The ECB’s announcement prompted heavy short covering in the euro EURUSD, -0.0823% which jumped more than 3% versus the U.S. dollar, posting its largest one-day move since 2009.
But as investors sold the U.S. dollar, they also sold liquid dollar-denominated assets, mainly U.S. Treasurys and liquid U.S. equities, said Douglas Coté, chief market strategist at Voya Investment Management, pushing Treasury yields to fresh 5½-year highs and stocks deep into negative territory.
Even though oil CLF6, +3.33% was up 2.9% to $41.08 a barrel, several of the worst-performing stocks belonged to oil companies, including Chesapeake Energy Corp. CHK, -11.78% which closed down 12%, PVH Corp. PVH, -11.09% down 11%, and Southwestern Energy Co. SWN, -7.46% , down 7.6%. OPEC will meet Friday, and many investors expect the cartel will finally cut output, which could lift oil prices and put a floor under oil stocks.
Meanwhile, health care was the worst performer on the S&P, closing down 2.2%, mainly due to end-of-year profit-taking from one of the year’s best performing sectors, to make up for losses in bad performers, mainly energy and utilities, said Kim Forrest, senior portfolio manager at Fort Pitt Capital.
Earlier Thursday, in her testimony to Congress, Fed chief Yellen largely reiterated comments she made on Wednesday, which laid out the groundwork for a rate increase at the U.S. central bank’s Dec. 15-16 meeting.
Yellen said she’s looking for a continued solid trend of job creation in November’s employment report, to be released on Friday morning at 8:30 a.m. Eastern. “But we can’t overweight any one number,” she said.
The theme of monetary-policy divergence is expected to dominate trading in the near future, said Ninh Chung, head of investment strategy for Silicon Valley Bank. But the notion that the Fed is confident enough in the U.S. economy to raise rates could eventually help push stocks higher, according to Chung.
Commentary: As Fed hikes and ECB eases, markets could get wild, El-Erian says
Mixed U.S. data: Weekly jobless claims rose but held near 15-year lows, while the Institute of Supply Management’s nonmanufacturing index posted in November its largest one-month decline since November 2008.
Meanwhile, factory orders climbed in October but missed economists’ expectations.
Stocks to watch: Shares of Avago Technologies Ltd. AVGO, +9.51% closed up 9.5% after the company posted a stronger-than-expected profit after the closing bell on Wednesday.
Dollar General DG, +4.24% shares rose 4.2% after the company topped profit views, but reported a sales miss.
Amazon.com Inc.’s AMZN, -1.44% stock AMZN, -1.44% reversed earlier gains, falling 1.4% after the online retail giant said its Fire tablet is now available in China.
Yahoo Inc. YHOO, -3.67% fell 3.7%, as several potential suitors have emerged for its core Internet business. Verizon Communications Inc. VZ, -0.80% and Barry Diller’s IAC/InterActive Corp. IACI, -2.90% are among the companies interested, reported The Wall Street Journal, citing people familiar with the matter.
Oil on the rebound: In other markets, U.S. crude CLF6, +3.33% recaptured the $40-a-barrel mark, pushing higher as investors sought bargains in the wake of Wednesday’s fallout and as leaders from the Organization of the Petroleum Exporting Countries begin to gather. Gold prices GCG6, +0.69% rose modestly. Read: Barclays slashes oil forecast ahead of OPEC meeting
Good morning people..the most exciting day has come...will Bursa Malaysia do his MAGIC with the true value of MYR that will emerge to break RM 4.20 to even RM 4.00..thats time will tell..whatever it is..MYR should down further to reflect its true value which will help the real business people outthere and his n her employees to survive instead of few bunch of speculators at financial markets...i cant imagine if today BNM step up together with Templeton and other foreign supporters to crystallize the MYR which eventually will uplift Bursa to 1688 1696 1708
i just tengok all my long long counter one by one run..today Green Packet...hehe...last few days MAA...before that SIGGAS...heheheeh...yg tak pecut pecut...LB Aluminium..perhaps soon..huhuhuhu
i think the Singaporean director kot...dia dok kutip dari 0.44-0.46 last time...:) plus they sold their Damansara property...so ada duit byk la..hahahah
i think 1668 dah cukup rendah dah...for 1688..hehheh...i x think it will break 1666..coz..today Parliament seating dah habis..next week UMNO...sure FBMKLCI MARA..:)..KUB boleh lah tikam..
lagipun cash n fKLI mesti mahu kena rapat ...so with 1660 FKLI n FBMKLCI at 1668..so..it should date somewhere already..either FKLI pecut or FBMKLCI pecut..one thing for sure..this 1668 and 1650 level for FKLI is too low already..is already challenging people intellectual...:)
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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....
cashflow
3,642 posts
Posted by cashflow > 2015-12-03 11:29 | Report Abuse
Apanama, dollar will strike mid Dec, best to hold on on oil and gas for now because crude expected to trade between 35-38 per bbl