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Friday, August 22, 2008

Sector Indexes (20080822)

Sector summary for the week ending 22 Aug 2008. Everything is still pointing down.
Malaysia Longterm Midterm Shorterm
KLCI Down Down Down
Finance Down Down Down
Construction Down Down Down (-)
Plantation Down Down Down
Property Down Down Down
Mesdaq Down Down Down
2nd Board Down Down Down

Monday, August 18, 2008

World Indexes

My interpretation for the week ending 15 Aug 2008.
World Longterm Midterm Shorterm
S&P500 Down Down Neutral
DJI Down Down Neutral
NasdaqComp Down Neutral Up (+)
Nikkei 225 Down Down Down
Kospi Down Down Down
SSECI Down Down Down
HSI Down Down Down
TWII Down Down Neutral
STI Down Down Down
SENSEX Down Neutral Neutral
FTSE Down Down Neutral
DAX Down Down Neutral

Friday, August 15, 2008

Glitter

Ok, it's not KLSE glitter. It's our first silver/gold Olympic medal in more than 12 years. Chong Wei, make us proud man! We all hope that you will give us the joy among the gloom and doom.

Malaysia Longterm Midterm Shorterm
KLCI Down Down Down
Finance Down Down Down (-)
Construction Down Down Neutral
Plantation Down Down Down
Property Down Down Down
Mesdaq Down Down Down (-)
2nd Board Down Down Down

Sunday, August 10, 2008

Weekly Index Analysis

First of all, I must congratulate the organizing committee for the Summer 2008 Olympics for producing such a spectacular opening ceremony. Well done!

Back to business. Looks like KLCI is still not in a good shape.
Malaysia Longterm Midterm Shorterm
KLCI Down Down Down (-)
Finance Down Down Neutral
Construction Down Down Neutral
Plantation Down Down Down (-)
Property Down Down Down (-)
Mesdaq Down Down Neutral
2nd Board Down Down Down

For other markets, the readings are mixed.
World Longterm Midterm Shorterm
S&P500 Down Down Neutral
DJI Down Down Neutral (+)
NasdaqComp Down Neutral (+) Neutral
Nikkei 225 Down Down Down
Kospi Down Down Down
SSECI Down Down Down
HSI Down Down Down (-)
TWII Down Down Neutral (+)
STI Down Down Down
SENSEX Down Neutral (+) Neutral
FTSE Down Down Neutral
DAX Down Down Neutral

It is hard to read the market. I'm still staying out of Bursa Malaysia.

Wednesday, August 06, 2008

Hedge Fund

New York's Top-100 hedge funds are feeling the pain too in this year's downtrend. Read the news here.

Monday, August 04, 2008

Make or Break Again?

KLCI Weekly Chart

KLCI is just under the downtrend line. Can it break to the upside or continue going down?

The summary for various sectors:
Malaysia Longterm Midterm Shorterm
KLCI Down Down Neutral
Finance Down Down Neutral
Construction Down Down Neutral
Plantation Down Down Neutral (+)
Property Down Down Neutral
Mesdaq Down Down Neutral
2nd Board Down Down Down (-)

Looks like the plantation sector has stabilize somewhat but the 2nd board sector has turned down again. Only Tenaga looks interesting for shorterm trade.

For the rest of the world, the reading is mixed:
World Longterm Midterm Shorterm
S&P500 Down Down Neutral
DJI Down Down Down
NasdaqComp Down Down Neutral
Nikkei 225 Down Down Down (-)
Kospi Down Down Down (-)
SSECI Down Down Down (-)
HSI Down Down Neutral
TWII Down Down Down (-)
STI Down Down Down (-)
SENSEX Down Down Neutral
FTSE Down Down Neutral
DAX Down Down Neutral

Saturday, August 02, 2008

Friday, August 01, 2008

Speculation

I like Julie. You know what I mean when you watch the video. Anyway, in this video, she talks about speculation which has now become an "evil" thing.