KLCI Will Challenge Another High Level Of 1510 Soon

Posted by Keyman188 > 2020-06-01 11:57 | Report Abuse

Why market so stubbornly & gradually rebound & rebound ???... 1) Fed, US Federal Government, ECB, IMF, Japan Central Bank, all come out unprecedented Helicopter Aids & Stimulus packages to "diagnose" the market 2) Investors weigh economy reopening on more & more regions & countries 3) Investors optimism about more & more pharmaceutical co. to fabricate vaccine to cure the virus soon ** S&P500 firmly withstanding above 50% retracement to support market gradually recovery

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9 comment(s). Last comment by Keyman188 2020-06-02 20:32

apolloang

18,163 posts

Posted by apolloang > 2020-06-01 11:58 | Report Abuse

pts up but losers led gainers.....hahaha

Keyman188

5,968 posts

Posted by Keyman188 > 2020-06-01 11:59 | Report Abuse

A private survey shows China’s manufacturing activity unexpectedly expanded in May

PUBLISHED SUN, MAY 31 20209:50 PM EDTUPDATED 2 HOURS AGO

~ China’s Caixin/Markit Manufacturing Purchasing Manager’s Index came in at 50.7 for May.

~ Analysts polled by Reuters had expected the May PMI number to come in at 49.6 compared to the April reading of 49.4.

~ PMI readings above 50 indicate expansion, while those below that level signal contraction.


A private survey showed manufacturing activity in China expanded for the month of May.

The Caixin/Markit Manufacturing Purchasing Manager’s Index came in at 50.7 for May. PMI readings above 50 indicate expansion, while those below that level signal contraction.

Analysts polled by Reuters had expected the May PMI number to come in at 49.6 compared to the April reading of 49.4.

Data suggested that production recovered faster than demand, and the rate of expansion for output was at its fastest since January 2011. Meanwhile, demand was subdued with total new work falling in May.

“May data signalled a further increase in output following February’s record decline, with firms widely mentioning the resumption of works due to an easing of COVID-19 related measures,” said Caixin and IHS Markit said in a joint statement.

“Data indicated that the fall was largely driven by weaker external demand, as many nations faced strict measures to stop the spread of the pandemic including company closures, leading new export orders to contract at a historically sharp rate,” said Caixin and IHS Markit.

On Sunday, China posted the official manufacturing Purchasing Manager’s Index which came in at 50.6, according to the National Bureau of Statistics. This was compared to 50.8 in April.

The Caixin/Markit survey features a bigger mix of small- and medium-sized firms. In comparison, the official PMI survey typically polls a large proportion of big businesses and state-owned companies.


##https://www.cnbc.com/2020/06/01/china-economy-caixinihs-markit-may-2020-manufacturing-pmi.html

Keyman188

5,968 posts

Posted by Keyman188 > 2020-06-01 12:03 | Report Abuse

Today KLCI really unbelievable...already reached to 1490 level...

Mid year window stressing around the corner......

Who still can't believe this market rally !!!!!!......


----------------------------------------------------------------------------------------

Who still stubbornly saying sell in May & go away again...

""All share still pushing higher & higher......

Unfortunately this year a bit strange & funny......

"Period" already came early...sell in March go away......

Buy in April laugh away.......

Bet in May scream high away........

Long in June pocket full not far away......"""

Who still left behind this month rally again......


------------------------------------------------------------------------------------------

你己经开始怀疑人生了吗!!!...You have begun to doubt your life !!!......

Kekeke...kekeke...kekeke....

------------------------------------------------------------------------------------------


人生錯过了一次就够了，別错过第二次......

One missed life is enough, don’t miss the second time......



------------别人笑我太疯癫... 我"说"他人看不清......--------------------


^^^S&P500 strongly withstanding above 61.80% retracement & heading to 3110 level soon.......

Keyman188

5,968 posts

Posted by Keyman188 > 2020-06-01 12:04 | Report Abuse

This month more advisable to focus more on Mega Cap KLIC link stocks & certain left behind of Mid Cap Stocks......

Keyman188

5,968 posts

Posted by Keyman188 > 2020-06-01 17:25 | Report Abuse

Today KLCI really unbelievable...closing @ 1490 (+16.89)......

Mid year window stressing around the corner......

Who still can't believe this market rally !!!!!!......


----------------------------------------------------------------------------------------

Who still stubbornly saying sell in May & go away again...

""All share still pushing higher & higher......

Unfortunately this year a bit strange & funny......

"Period" already came early...sell in March go away......

Buy in April laugh away.......

Bet in May scream high away........

Long in June pocket full not far away......"""

Who still left behind this month rally again......


------------------------------------------------------------------------------------------

你己经开始怀疑人生了吗!!!...You have begun to doubt your life !!!......

Kekeke...kekeke...kekeke....

------------------------------------------------------------------------------------------


人生錯过了一次就够了，別错过第二次......

One missed life is enough, don’t miss the second time......



------------别人笑我太疯癫... 我"说"他人看不清......--------------------


^^^S&P500 strongly withstanding above 61.80% retracement & heading to 3110 level soon.......

Keyman188

5,968 posts

Posted by Keyman188 > 2020-06-02 00:33 | Report Abuse

Bank of America ups copper forecast as red metal rises for a second straight month

PUBLISHED MON, JUN 1 20208:59 AM EDT

~ Copper prices are widely seen as a barometer for confidence in the global economy owing to its broad array of end uses.

~ Bank of America analysts on Friday increased their price forecast for copper in 2020 by 5.4% to $5,621/t, while keeping the 2021 projection unchanged at $6,250/t.


##https://www.cnbc.com/2020/06/01/bank-of-america-ups-copper-forecast-as-red-metal-rises-for-second-month.html



Copper price is economy indicator...The economy is doomy or gloomy copper price will tell the market

Keyman188

5,968 posts

Posted by Keyman188 > 2020-06-02 08:43 | Report Abuse

Keyman188 guess a lot of traders or investors or fund managers...

Can't believe S&P500 will break new record high this year...

Keyman188 forecast range between 3400 ~ 3450 level...

Who still can't believe this market rally !!!!!!......


----------------------------------------------------------------------------------------

Who still stubbornly saying sell in May & go away again...

""All share still pushing higher & higher......

Unfortunately this year a bit strange & funny......

"Period" already came early...sell in March go away......

Buy in April laugh away.......

Bet in May scream high away........

Long in June pocket full not far away......"""

Who still left behind this month rally again......


------------------------------------------------------------------------------------------

你己经开始怀疑人生了吗!!!...You have begun to doubt your life !!!......

Kekeke...kekeke...kekeke....

------------------------------------------------------------------------------------------


人生錯过了一次就够了，別错过第二次......

One missed life is enough, don’t miss the second time......



------------别人笑我太疯癫... 我"说"他人看不清......--------------------


^^^S&P500 strongly withstanding above 61.80% retracement & heading to 3110 level soon.......

Keyman188

5,968 posts

Posted by Keyman188 > 2020-06-02 20:27 | Report Abuse

Keyman188 guess a lot of traders or investors or fund managers...

Can't believe reach Keyman188 KLCI target...

Who still can't believe this market rally !!!!!!......


----------------------------------------------------------------------------------------

Who still stubbornly saying sell in May & go away again...

""All share still pushing higher & higher......

Unfortunately this year a bit strange & funny......

"Period" already came early...sell in March go away......

Buy in April laugh away.......

Bet in May scream high away........

Long in June pocket full not far away......"""

Who still left behind this month rally again......


------------------------------------------------------------------------------------------

你己经开始怀疑人生了吗!!!...You have begun to doubt your life !!!......

Kekeke...kekeke...kekeke....

------------------------------------------------------------------------------------------


人生錯过了一次就够了，別错过第二次......

One missed life is enough, don’t miss the second time......



------------别人笑我太疯癫... 我"说"他人看不清......--------------------


^^^S&P500 strongly withstanding above 61.80% retracement & heading to 3110 level soon.......

Keyman188

5,968 posts

Posted by Keyman188 > 2020-06-02 20:32 | Report Abuse

Keyman188 take time to rest liao......

Since KLCI had reached Keyman188 expected level...


1st level...

https://klse.i3investor.com/servlets/forum/906056786.jsp


2nd level...

https://klse.i3investor.com/servlets/forum/906151979.jsp


3rd level...

As per current KLCI target...


kekeke...kekeke...

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