The purpose of creating this Topic about Dow Jones,Oil and KLCI markets discussion.Anyone can share your view .Please do respect and do not attack each other in this group. Treat everyone here as Family.
Our main objective is to make money and not make enemy.
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Fund Managers (local + foreign)mid year window dressing. The weaker ringgit is making Malaysian stocks attractive to foreign funds. Only problem is how long will this consistency last. Of course I'm wishing for extended time too :D
plus...would foreign funds bite the bait, considering all the exposure around and the value of their investments could be compromised by the ringgit, not to mention the eroding faith in the administrators of this country.
Posted by manowar > Jun 30, 2015 11:47 AM | Report Abuse
Fund Managers (local + foreign)mid year window dressing. The weaker ringgit is making Malaysian stocks attractive to foreign funds. Only problem is how long will this consistency last. Of course I'm wishing for extended time too :D
KLSE is a small pond compared to shark infested oceans like HK & Tokyo. Even S'pore have much bigger foreign participations than our KLSE. What we need is just some baby sharks to cause some ripples ..... that should be sufficient buoyancy to keep us above the waterline.
If Putrajaya is as calm as we'd wish, which is what forigners want too, we'd be nearer to FBMKLCI hitting 2000 pts and the beginning of a bull run.
Putrajaya is probably window-dressing...not the markets but all the mess 'whoever' had created...
STI offers a more stable platform which foreign participants probably prefer in exchange for greater certainty lower capital returns...where a lower return is still a return and better than 'touching' points of possible no return. :)
Posted by manowar > Jun 30, 2015 11:59 AM | Report Abuse
KLSE is a small pond compared to shark infested oceans like HK & Tokyo. Even S'pore have much bigger foreign participations than our KLSE. What we need is just some baby sharks to cause some ripples ..... that should be sufficient buoyancy to keep us above the waterline.
If Putrajaya is as calm as we'd wish, which is what forigners want too, we'd be nearer to FBMKLCI hitting 2000 pts and the beginning of a bull run.
Profit takers to dominate after this window dressing. Some positioning square-off will also be xpected. Thos who manage to see some profits after this window dressing take note. Those who did not make anything worth mentioning better be well prepared for some stress ahead. If your stock is stil ZZZZZZZZZzzzzzzzzzz with all this activities, what be be the end result when proit taking sets in? C $$$ TAKE $$$ ..... will be good policy, for now.
DJI slipped below the 200SMA only last nite. It will need some extra "oomph" to push it back up, above & most importantly STAY ABOVE the 200SMA to convince more Wall St. traders to take new positions. Mind you, the bears live below the 200 ...... until DJI prices return above the 200, sentiments can still be consider BEARISH.
Today asian market mostly rebound after selloff yesterday.KLCI back to 1700 level with closed at 1706 (+14).
After tonight Greece due date issue will show the real direction either rebounding or further selling .
If to9 DJ market turn to strong buying with above 200 points due to good news from Greece then tomorrow KLCI will strong buying otherwise any bad news and cause tonight Dow JOnes and Europe selloff then tomorrow is another red day.
The Fitch Fear already over and next is Greece but look like no much effect based on yesterday DJ movement .Hmm.. seem like good news and may Greece may consider to stay with Euro..
As long as KLCI hold 1700 level we may see upside potential due to Window Dressing and Hari Raya festival next 2 weeks ..
KLCI last 2 days selloff and hit 1680 that 10 points above my support and next day strong buying. As i told this morning Fitch Tsunami already over and gave positive rather than downgraded . Greece drama most likely they will stay with euro .Other supportive issue is Local fund window dressing and Hari Raya festival next 2 weeks.
Posted by simon84 > Jul 1, 2015 09:32 AM | Report Abuse
KLCI last 2 days selloff and hit 1680 that 10 points above my support and next day strong buying. As i told this morning Fitch Tsunami already over and gave positive rather than downgraded . Greece drama most likely they will stay with euro .Other supportive issue is Local fund window dressing and Hari Raya festival next 2 weeks.
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Posted by simon84 > 2015-01-03 09:40 | Report Abuse
The purpose of creating this Topic about Dow Jones,Oil and KLCI markets discussion.Anyone can share your view .Please do respect and do not attack each other in this group. Treat everyone here as Family. Our main objective is to make money and not make enemy. For chart reference you may visit my page at https://www.facebook.com/pages/Gila-Saham/536182926525672