Critical Area

KLCI Daily Chart

A double top? Or an oscillation between 1280 to 1305? A breakdown will be ugly. Which I think that this is the greater probability as all daily indicators are bearish.

KLCI Weekly Chart

A break down may mean that a revisit of 1150 and maybe 1000. The later is still too early to tell.

So watch out!

Bullish counters still up?!

Hmm....the weekly bullish counters is now at 205:
3A ADVPKG AEON AFG AHEALTH AISB AMFIRST AMMB AMWAY ANCOM ANNJOO APM APP ARREIT ASTINO ASTRO ASUPREM ATIS BAHVEST BIPORT BPPLAS BPURI BSDPROP CCB CEPAT CHANG CHINTEK CHOOBEE CIMA COASTAL COMINTL CUSCAPI CWORKS CYL DAIBOCI DAYA DIGI DKLS DUTALND-WA ECOFIRS ENG ENGTEX ESSO EVERGRN F&N FAJAR FAREAST FORMOST FPI FRB FRONTKN GNEALY GOPENG GPHAROS GPLUS GUINESS HAIO HALIM HAPSENG HARISON HEXZA HIAPTEK HINGYAP HLBANK HTPADU HUAAN HUMEIND HWGB IMASPRO INGENS INIX INSBIO IPMUDA JAVA JAVA-WA JERNEH JETSON JTIASA JTINTER KASSETS KENANGA KFC KFM KINSTEL KINSTEL-WA KKB KMLOONG KMLOONG-WA KNM KPJ KULIM KULIM-WB KURNIA KZEN LBALUM LCL LINEAR LINGUI LIONCOR LIONIND LITRAK LPF LPI LSTEEL LTKM LYSAGHT MAEMODE MAICA MANULFE MASTEEL MAYBULK MBSB METACOR METECH METROD MFLOUR MHC MISC MISC-O1 MMM-PA MNRB MSC MSNIAGA MTEAM MUDA MUTIARA MYCRON MYEG NCB NESTLE NHFATT NOMAD NSOP NTPM ONASTEL OPUS PAHANCO PANAMY PAOS PARAGON PARAMON PBBANK PBBANK-O1 PHARMA PICORP PIE PJBUMI PMETAL PMETAL-WB POLY PPB PRESTAR PW QL RAPID RAPID-WA RPB RUBEREX RUBEREX-LA RUBHD SAPCRES SAPIND SARAWAK SAUJANA SEAL SEQUOIA SINDORA SITATT SMPC SPRITZR SRII SSTEEL SSTEEL-LA STAMCOL STAR STSTEC SUCCESS SUNCRN SWKPLNT TAANN TANAMAS TASEK TCHONG TDEX TDM TEXCHEM THPLANT TIENWAH TIMWELL TM TMCLIFE TONGHER TOYOINK TSH TSM TWS TWSPLNT UPA UTDPLT VADS WTHORSE WTK YECHIU YOKO YUNKONG

The weekly bearish counters is now at 259.

I have reduced my holdings last week. Only holding Alam, Maybulk and Sapcres-WA. All are not working well.

Sell in May and go away?

Maybulk

Maybulk Weekly Chart

It gives me a buy signal. Good chance of going up. I have no position yet but planning to open one.

Tenaga, Maybank, Genting and TMI New CWs

New CWs to be issued on 22 May 2008: Tenaga-CK, Maybank-CI, Genting-CL and TMI-CA. My interpretations for the underlying share are:

	Tenaga	Maybank	Genting	TMI
Monthly	Bearish	Bearish	Bearish	-
Weekly	Bearish	Bearish	Bearish	-
Daily	Neutral	Neutral	Bearish	Neutral

So, at current conditions, the odds are not in our favor to play these CWs.

Bulls increased, Bears decreased

The number of weekly bulls is now at 196:
3A ADVPKG AEON AFG AHEALTH AISB AJI AMFIRST AMMB AMWAY ANCOM ANNJOO APEX APP ARANK ARREIT ASTINO ASUPREM ATIS BAHVEST BIPORT BPPLAS BSDPROP CCB CEPAT CHANG CHEEWAH CHOOBEE CIMA CWORKS DAIBOCI DAYA DELLOYD DENKO DIGI DKLS DOMINAN DUTALND-WA ECOFIRS ENG ENGTEX EPMB-PB ESSO EVERGRN F&N FAREAST FORMOST FPI FRB FRONTKN GNEALY GPHAROS GPLUS GUINESS HAIO HALIM HAPSENG HARISON HIAPTEK HLBANK HTPADU HUBLINE HUMEIND HWGB IMASPRO INIX INSBIO IPMUDA IRMGRP JAVA JETSON JTIASA JTINTER KASSETS KESM KFC KFM KINSTEL KINSTEL-WA KKB KLUANG KMLOONG KMLOONG-WA KNM KPJ KZEN LCL LINEAR LINGUI LIONCOR LIONIND LPF LPI LSTEEL MAEMODE MAGNUM MAICA MANULFE MASTEEL MAYBULK MBSB METACOR METECH MFLOUR MHC MHOUSE MINTYE MISC MISC-O1 MNRB MSC MSNIAGA MUDA MUIIND MUIIND-LA MUIIND-LB MUTIARA MYCRON NARRA NCB NESTLE NHFATT NOMAD NSOP NTPM ONASTEL OPENSYS OPUS PAHANCO PANAMY PAOS PARAGON PARAMON PBBANK PBBANK-O1 PHARMA PICORP PIE PMETAL POLY PPB PRESTAR PW QL RAPID RAPID-WA RPB RUBEREX RUBHD SAPCRES SAPIND SARAWAK SAUJANA SEQUOIA SHELL SINDORA SITATT SPRITZR SRII SSTEEL SSTEEL-LA STAMCOL STAR STSTEC SUCCESS SUNCRN SWKPLNT SYF-WA TAANN TAFI TANAMAS TASEK TCHONG TDEX TEXCHEM THPLANT TIENWAH TIMWELL TM TMCLIFE TONGHER TOYOINK TSH TSM TWS TWSPLNT UPA UTDPLT VADS WTHORSE WTK WWTKH WWTKH-LA YECHIU YOKO YUNKONG

The number of weekly bears is now at 260.

I'm having contrasting result for Bursa Malaysia and US Options. I'm losing here but winning there. I guess I got into the wrong sector here.

Bullish sectors for US are: bulk shipping, crude oil shipping, solar manufacturer, oil producer, oil service provider, gas producer, coal producer, steel, agriculture (machinery and fertilizer) and coming soon, technology (besides GOOG, RIMM, AAPL). That's the sectors I'm focusing for the US market.

Now, for Malaysia, I guess it is oil and gas, plantation and steel. I missed the first move in steel. Let's see whether is there any chance later. For oil and gas, I notice that KNM is the leader. Which counters will be the follower? For plantation, maybe KLK will become the leader.

So, the world is currently playing energy and food themes. As long as oil keeps rising, I will play these two themes.

Costly Mistakes

I'm making costly mistakes. I'm selling out so that I can reexamine what have I done wrong.

Range bound or continue rebound?

Weekly bulls have increased to 159 now:
3A ADVPKG AEON AFG AHEALTH AHP AMFIRST AMTEK AMWAY ANNJOO APEX APP ARREIT ASTINO ASUPREM ATIS BAHVEST BIPORT BPPLAS CCB CEPAT CHANG CHEEWAH CME CUSCAPI DAIBOCI DAYA DELLOYD DIGI DKLS DUTALND-WA DXN ECOFIRS EMICO-WA ENG ENGTEX ESSO F&N FAREAST FPI FRB GCE GPHAROS GPLUS GUINESS HAIO HALIM HAPSENG HARISON HLBANK HTPADU HUATLAI HUMEIND IMASPRO IMPRESS INIX INSBIO IRMGRP JERASIA JETSON JOHAN-LA JTIASA JTINTER KESM KFC KINSTEL KINSTEL-WA KKB KMLOONG KMLOONG-WA KPJ KPOWER KRETAM-LA KZEN LCL LINEAR LIONCOR LIONIND LPF LPI MAEMODE MAGNUM MALPAC MANULFE MASTEEL MAYBULK MBSB METACOR MINTYE MMM-PA MNRB MSC MSNIAGA MTEAM MUDA MUTIARA NALURI NCB NESTLE NTPM ONASTEL OPUS PAHANCO PANAMY PARAGON PBBANK PBBANK-O1 PHARMA PICORP PIE POLY PORTRAD PUC QL RAPID RAPID-WA RPB RUBEREX RUBHD SAPIND SARAWAK SAUJANA SEQUOIA SHELL SINDORA SITATT SPRITZR SRII SSTEEL SSTEEL-LA STAR SUCCESS SUNCRN SWKPLNT SYF-WA TAANN TAKASO-WA TAMCORP TASEK TDEX TECGUAN TEXCHEM THPLANT TIENWAH TIMWELL TM TMCLIFE TSM TWS UPA UTDPLT VADS WARISAN WTHORSE WTK WWTKH YECHIU YOKO YTLPOWR

Weekly bears have decreased to 335.

KLCI Weekly Chart

I thought that KLCI will dive last week, but it didn't. It's still holding on. I don't know whether it will continue to go up or stay range bound. The daily, weekly and monthly technical signals are all contradicting each other.

Oil is at USD125++. Will there be play in the oil & gas and plantation sector? I just notice that I missed out the steel sector play. I must admit that I'm not paying much attention to Bursa Malaysia now. Trading in two markets that are 12 hours apart is not easy stuff. I will have to make a decision soon whether to keep trading in Bursa Malaysia. Trends that I hope will be formed are not forming. Maybe there are not enough TA traders in this market.

Currently I'm holding Digi-CB, Choland-C1, Cnooc-C4, Wilmar-C1, Alam and Sapcres-WA.

Sapcres & Alam

Alam Weekly Chart

Downtrend broken, base building for 5 weeks and starting to move now??? I'm in.

Sapcres Weekly Chart

Downtrend broken. Base building kind of short. Start of new uptrend??? I'm in Sapcres-WA.

What Created The Subprime Mess

Funny video.


What Created The Subprime Mess - Watch more free videos

Wilmar

Wilmar Daily Chart

Looks good. To go above SGD5.00??? I'm in Wilmar-C1!

Rebound Over?

Weekly bulls have increased to 123:
AFG AJI AMWAY ANNJOO APEX APP ARANK ASUPREM ATIS BAHVEST BERNAS BIPORT BPPLAS BREM CHANG CHEEWAH CME CUSCAPI DAIBOCI DAYA DIGI DKLS DUTALND-WA DXN ECOFIRS ENGTEX F&N FAREAST FPI FRB GCE GPHAROS GPLUS GUINESS HAIO HARISON HLBANK HTPADU HYTEXIN IMASPRO INIX INSBIO IRMGRP JERASIA JETSON JOHAN-LA JTINTER KFC KIMHIN KINSTEL KINSTEL-WA KKB KZEN LBICAP LINEAR LIONIND LPF MAGNUM MALPAC MANULFE MAYBULK MBFHLDG-WA MBSB METACOR METECH MILUX MSC MSNIAGA MTEAM MUDA MUIIND-LA MUIIND-LB NALURI NESTLE NTPM OCB OPUS PAHANCO PANAMY PAOS PBBANK PBBANK-O1 PICORP PORTRAD PPHB PUC QL RAPID RAPID-WA RUBHD SAPIND SARAWAK SAUJANA SEQUOIA SHELL SITATT SRII STAR SUCCESS SUNCRN SWKPLNT TAANN TAKASO-WA TAMCORP TASEK TGUAN THPLANT TIMWELL TM TMCLIFE TRACOMA TSM TWS TWSPLNT UPA UTDPLT WARISAN WTHORSE WTK WWTKH YAHORNG YECHIU YOKO

Weekly bears have decreased to 365. Our rebound seems to halt halted. It troubles me when US goes up and we go down. What happens when US go down? We go down more?

Still not finding any good set up for serious trading. Still holding Digi-CB, Choland-C1, ICBC-C5, Cnooc-C4 and Exmobil-C1. Going to get off from Exmobil-C1. I thought XOM will make huge profit, apparently not. No luck.

Malaysian market cannot go up. No opportunity to trade. Currently, I'm active in US options market. You can read it in my other blog (link in sidebar).