Weekly Summary

Another week has gone by. Volume continues to shrink. Weekly momentum getting weaker. Weekly KLCI chart indicates that the trend is still up but with less strength now. If you look at the monthly chart, then you will see a doji. Not a good sign. I think that there shall be a correction towards 1150.

FBM KLCI Weekly Chart

Looking at the sectors, it seems that construction and property are holding up well:

Malaysia	Monthly	Weekly	Daily	Note
FBM KLCI	Up	Up	Up (+)	Weak up. Not at firm ground.
Finance	Up	Up	Neutral	Correction. Not at firm ground
Construction	Up	Up	Up (+)	Weak up. Not at firm ground.
Plantation	Up	Up	Neutral	Not at firm ground.
Property	Up	Up	Up (+)	Potential double top.
FBM ACE	Up	Up	Neutral	Potential H&S.

I'm just sitting tight with my positions. Selling the weak ones, and holding the stronger ones. Currently, I have no trade ideas.