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Monday, December 29, 2008

Sector Indexes (20081226)

Late update. My readings for the week ended 26 Dec 2008:
Malaysia Longterm Midterm Shorterm
KLCI Down Down Neutral
Finance Down Down Neutral
Construction Down Neutral Neutral
Plantation Down Neutral Up (+)
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 Neutral
Nikkei 225 Down Neutral (+) Neutral
Kospi Down Neutral (+) Neutral
SSECI Down Down (-) Down (-)
HSI Down Neutral Neutral (-)
TWII Down Down Neutral
STI Down Down Neutral
SENSEX Down Down (-) Neutral
FTSE Down Down (-) Neutral
DAX Down Down Neutral

Everyone is expecting a strong rebound in the first half of 2009. For me, I'm still expecting the market to go down until I can see more strength in the up movement. Currently, I consider everything as a dead cat bounce. So, it is not worth the risk unless one is very fast and agile in executing the trade.

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