Monday, February 02, 2009

Weekly Analysis

KLCI may break down this week. The bad bank idea in the US will just not work because of pricing and the amount of toxic assets available. You can save some small banks all the time, you can save all the big banks some of the time but you can't save all the small and big banks all the time.

KLSE reading is generally neutral (but waiting for the break to the downside):
Malaysia Longterm Midterm Shorterm
KLCI Down Neutral Neutral
Finance Down Neutral Neutral
Construction Down Neutral Neutral
Plantation Down Neutral Up (+)
Property Down Neutral Neutral
Mesdaq Down Down Neutral
2nd Board Down Down Down

For the rest of the world, the market generally follows the US market. The bad bank idea gave a small hope to the bulls (especially the banking sector). S&P 500 should test its November 2008 low soon:
World Longterm Midterm Shorterm
S&P500 Down Down Down
DJI Down Down Down
NasdaqComp Down Down Down
Nikkei 225 Down Down Neutral (+)
Kospi Down Neutral Neutral
SSECI Down Neutral Up
HSI Down Down Neutral (+)
TWII Down Down Down
STI Down Down Neutral (+)
SENSEX Down Down Neutral (+)
FTSE Down Down Neutral (+)
DAX Down Down Neutral (+)

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