No change for sectors in KLSE.
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 |
For the rest of the world:
World | Longterm | Midterm | Shorterm |
S&P500 | Down | Down | Down |
DJI | Down | Down | Down |
NasdaqComp | Down | Down | Down |
Nikkei 225 | Down | Down | Down |
Kospi | Down | Down | Down (-) |
SSECI | Down | Down | Neutral |
HSI | Down | Down | Down |
TWII | Down | Down | Down |
STI | Down | Down | Down |
SENSEX | Down | Down | Down |
FTSE | Down | Down | Down |
DAX | Down | Down | Down |
Will China and India save the world? Some economist will make you believe that theory. But the stock market is the leading indicator of the economy. I don't see any buying signals in the chart for Hong Kong or China counters yet.
Anyway, the world markets is heading into oversold position. So a rebound can happen anytime. Don't be fooled by the rebound. Stay aside if you cannot make bearish play. No joke, it is better to keep your money in the bank (and loose through inflation) than invest in the stock market now. It's really tough even for the hedge funds.
2 comments:
Our stock market has been down for quite a while.
I agree with you it is oversold and a rebound can happen anytime.
Too bad that we can't short the stock market.
I am looking at trading opportunities in the Crude Palm Oil(FCPO) Futures. It is also down but at least we can short it.
If you are a TA trader, go for US options. The trend is still strong there. With Internet, don't limit yourself to Malaysian market. Look outside for wealth!
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