Rebounding

KLCI Daily Chart

KLCI had a big bounce from 800 to 900. Downtrend line resistance is at 950-970. So, will it go higher? What are the fundamentals for it to go higher? A new US president does not mean that the problem will go away overnight. The next fear factor may be China contracting GDP.

My interpretations for the various sectors in KLSE are:

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	Neutral (+)

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	Neutral (+)
Kospi	Down	Down	Neutral (+)
SSECI	Down	Down	Down
HSI	Down	Down	Neutral (+)
TWII	Down	Down	Down
STI	Down	Down	Neutral (+)
SENSEX	Down	Down	Neutral (+)
FTSE	Down	Down	Neutral
DAX	Down	Down	Neutral