Thank you Bursawise for the advice. Lesson learned here. I did saw djia future falling. But assume its the lowest since its drop from 0.64 - 0.570 in second half. It's ok let's go for round 2, might be its a small pullback before go to 23500 pts or if go back to 18,0000. Then buy back stocks at discounted price.
mofa83, yes correct sometime we win sometimes we lose, anyway DJI still above 20,000 pts and from TA its still buy signal. Hopefully. I think no need to be panic sell.
Yes but on current DJI Situations, i TP first at 0.60 this morning. Cannot risk more. See the current situations first. DJI still under Buy signal, but i think KLCI will drop a bit today. Might be 10-20 points. Then i re-enter the market.
Yes, it already break 20,900 it might go to next support line, i assume is 20400 or 19800. Then it's goes up. But it's still above 20,000 pts (19,800). Anyway, its still depend the KLCI index today. If above near 1300 pts. I might re-enter.
Asian stock markets still in bear country, Goldman says
ASIA stocks are not out of the woods yet, despite the recent bear-market rally, according to Goldman Sachs Group Inc.
Goldman economists now forecast the U.S. economy to contract 6.2% this year, ushering in a deeper global recession. The effect on Asia is yet another cut to the firm’s 2020 earnings-per-share estimate for the Asia Pacific ex-Japan benchmark, to a 22% drop from a 14% decline previously, with profits not seen recovering to their previous highs until 2022.
Jamie Dimon warns: We’re getting a ‘bad recession’ plus ‘financial stress’ like the 2008 crisis
JPMorgan Chase chief Jamie Dimon said Monday he expects the coronavirus crisis to include a “bad recession” and elements of financial strain similar to the 2008 downturn.
Wall St urges caution as bullish investors rush into recovery bets
Wall Street banks are warning investors to brace for a new wave of declines in global markets after stocks rushed back towards a bull market from the ugly falls driven by coronavirus in March.
But many strategists warn that while central banks and governments have taken the sting out of market disruption with their interventions, more problems may lie ahead.
“My concern is this relief rally might not be sustainable,” said Mislav Matejka, global equity strategist at JPMorgan.
Goldman Sachs and Citigroup have also urged caution, particularly as the companies absorb the scale of the shock from the pandemic. “Equity markets may need to fall 50 per cent before they have priced in this year’s likely earnings drop,” Robert Buckland, head of equity strategy at Citi said.
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Bursawise
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Posted by Bursawise > 2020-04-01 21:58 | Report Abuse
look at klse..also hv to look at djia future...