8 New CIMB CW

8 new call warrants from CIMB will be listed on 25 Jan 2010:

New Warrants	Expiration	Type	Ex Price	Ratio
GENS-C4	12/1/2011	Call	SGD 1.2000	3 : 1
BYD-C1	12/1/2011	Call	HKD 68.0000	50 : 1
TENCENT-C1	12/1/2011	Call	HKD 160.0000	160 : 1
JIANGXI-C1	12/1/2011	Call	HKD 18.5000	10 : 1
HSBC-C6	12/1/2011	Call	HKD 88.0000	40 : 1
CHALCO-C2	12/1/2011	Call	HKD 9.5000	8 : 1
BHP-C1	12/1/2011	Call	AUD 42.0000	125 : 1
ANZ-C1	12/1/2011	Call	AUD 21.5000	60 : 1

Anyone wants to buy my Bursa Malaysia Warrant Calculator?

Bursa Malaysia Weekly Summary

Amazing that KLSE is still holding up. Overseas market is having a correction now. My chart says that it is not a serious one. No strong sell signal yet. Anyway, I'm cutting a few of my positions because the positions is nearing expiration date or the underlying share has broken a certain pattern. No point to hold it cannot go to the direction that I'm betting on.

The summary for KLSE sectors:

Malaysia	Monthly	Weekly	Daily
FBM KLCI	Up	Up	Up
Finance	Up	Up	Up
Construction	Up	Up	Neutral (-)
Plantation	Up	Up	Neutral (-)
Property	Up	Up	Neutral (-)

International Reserves of BNM

Date	MYR (billion)	USD (billion)
31-Dec-09	331.3	96.7
15-Jan-10	331.4	96.7

Source.

Poll: N2N platform

I'm not a fan of N2N trading platform due to its slow user response and not so user friendly interface. If you are using N2N platform to trade (i.e. from Kenanga, JFApex, CIMB etc), how would you rate it generally? Please click on the answer on the left bar of this blog.

Poll Result: Investor/Trader Age

Datuk Yusli is right! There are not enough young investors to replace the old and dead investors. But I think this is not a serious issue. Where can you find money when you are just working, dating, clubbing etc. You need money to buy car, house, iPhone etc. Generally, these are the desires for those in the 20s. I think that after they passed the 30 line, they are more stable with extra cash to invest. That is why the 30s age group has the highest number of investors.

However, if you start after 30, then you cannot afford to make big mistakes in your investment because you usually have a lot of fixed commitments (housing loan, insurance, children etc). This means that you need to be more conservative, therefore reducing your overall return.

So, in my opinion, start young. It is not the amount that you invest. It is the experience that you gained that is more valuable.

6 New Call Warrants

6 new call warrants from OSK will be listed on 21 Jan 2010:

New Warrants	Expiration	Type	Ex Price	Ratio
DIALOG-CB	20/09/2010	Call	MYR 1.3500	1 : 1
PROTON-CC	20/09/2010	Call	MYR 3.8000	5 : 1
PPB-CA	20/09/2010	Call	MYR 16.0000	16 : 1
UEMLAND-CB	20/09/2010	Call	MYR 1.4500	2 : 1
RHBCAP-CB	20/09/2010	Call	MYR 5.0000	5 : 1
TOPGLOV-CA	20/09/2010	Call	MYR 10.0000	10 : 1

Commodity Summary

Generally, commodity are down last week.

Commodity	Monthly	Weekly	Daily
Gold	Up	Up	Up
Crude Oil	Up	Up	Neutral (-)
Crude Palm Oil	Up	Up	Down (-)
Rough Rice	Up	Neutral	Down (-)

World Weekly Summary

Major markets were under correction mode last week. Still too early to determine whether this is the top.

World	Monthly	Weekly	Daily
S&P500	Up	Up	Up
DJI	Up	Up	Up
NasdaqComp	Up	Up	Neutral (-)
Nikkei 225	Up	Up	Up
Kospi	Up	Up	Up
SSECI	Up	Up	Neutral
HSI	Up	Up	Neutral (-)
TWII	Up	Up	Up
STI	Up	Up	Neutral (-)
JKSE	Up	Up	Up
SENSEX	Up	Up	Up
AORD	Up	Up	Up
NZX50	Up	Up	Neutral (-)
FTSE	Up	Up	Neutral (-)
DAX	Up	Up	Neutral (-)
RTSI	Up	Up	Up
Bovespa	Up	Up	Neutral (-)

Bursa Malaysia Weekly Summary

KLCI Daily Chart

Uptrend for KLCI is still intact. Slightly overbought. Should be able to pass through 1300 without much difficulty with the help of plantation and finance sector.

All the sectors are in bullish mode:

Malaysia	Monthly	Weekly	Daily
FBM KLCI	Up	Up	Up
Finance	Up	Up	Up
Construction	Up	Up	Up
Plantation	Up	Up	Up
Property	Up	Up	Up

I'm not enjoying the current rally because the actions are all in the penny shares. Since I play mostly warrants, and bluechips are not moving strongly, I just have to wait for my turn. Hopefully it comes eventually. Feeling a little bit lousy because my stock pickings are not working. God of Prosperity! Where is my ang pow?

New KIBB Call Warrants

4 new call warrants from KIBB will be listed on 18 Jan 2010:

New Warrants	Expiration	Type	Ex Price	Ratio
CIMB-CI	14/01/2011	Call	MYR 12.3000	15 : 1
GENTING-CS	14/01/2011	Call	MYR 6.6000	10 : 1
UMW-CB	14/01/2011	Call	MYR 6.0000	4 : 1
TM-CL	14/01/2011	Call	MYR 3.0000	2 : 1

If you are a Chinese, beware of these warrants! The listing date is 1-18, but the expiry date is 1-14! "Yat Yat Fatt" for seller and "Yat Yat Sei" for buyer?Not a good omen :p

Poll: Investor/Trader Age

Datuk Yusli is worried that there is not enough young investors to replace the old and dead investors. So, I'm doing my 1st poll. How old are you? Please click on the answer at the left panel bar.

Commodity Summary

Gold Futures Weekly Chart

Gold: Daily chart has given me a buy signal. With high probability, I can say that the correction is over. Can it go to 1300 and beyond?

WTI Crude Oil Futures Weekly Chart

Crude oil: Still heading to the direction of 90.00. A spike to 100 is possible.

The summary for the rest:

Commodity	Monthly	Weekly	Daily
Gold	Up	Up (+)	Up (+)
Crude Oil	Up	Up	Up
Crude Palm Oil	Up	Up	Neutral (-)
Rough Rice	Up	Neutral	Neutral

World Weekly Summary

Green everywhere. Every time when my table goes green, we have a sell down! However, most of the index is not yet overbought based on the daily chart. So, maybe this time it is different.

World	Monthly	Weekly	Daily
S&P500	Up	Up	Up
DJI	Up	Up	Up (+)
NasdaqComp	Up	Up	Up
Nikkei 225	Up	Up	Up
Kospi	Up	Up	Up
SSECI	Up	Up	Neutral (-)
HSI	Up	Up (+)	Up (+)
TWII	Up	Up	Up
STI	Up	Up	Up
JKSE	Up	Up	Up
SENSEX	Up	Up	Up
AORD	Up	Up	Up
NZX50	Up	Up	Up
FTSE	Up	Up	Up
DAX	Up	Up	Up
RTSI	Up	Up	Up
Bovespa	Up	Up	Up

Bursa Malaysia Weekly Summary

FBM KLCI Weekly Chart

KLCI has broken the previous resistance. Looks like it is going towards 1300 and above. Most probably it will cover the gap down at 1350. The fuel for this rally should be from the plantation sector. Finance sector is almost at its 2008 high now. Therefore, I don't think that finance will contribute much to this rally.

Malaysia	Monthly	Weekly	Daily
FBM KLCI	Up	Up	Up
Finance	Up	Up	Up
Construction	Up	Up (+)	Up (+)
Plantation	Up	Up	Up
Property	Up	Up (+)	Up (+)

This week, the construction and property sectors gave a buy signal. However, based on my interpretation, this move is not strong. Both still need to correct first before they can move any higher.

Anyhow, daily charts indicate a slight overbought scenario. So, I'm expecting a pullback. This could be the last rally before reality sets in again for the next panic.

International Reserves of BNM

Date	MYR (billion)	USD (billion)
15-Dec-09	335.1	96.2
31-Dec-09	331.3	96.7

The reason for the drop in MYR amount while the USD amount is up is due to forex revaluation loss (i.e. MYR strengthening).

Source.

Bad Trading Platform

Boy oh boy. Just getting familiar with this CIMB invest trading platform. I have experience in using N2N and PBank trading platform. Speed wise, PBank is the fastest. I guess the use of active-x technology is the main reason of the speed. The disadvantage is that your favorite list only exist in the computer that you installed the PBank platform.

In contrast to N2N (used by Kenanga, JFApex, CIMB itrade), your favorite list is stored in a centralized server. As it uses Java technology, the loading time will be a problem if you have a slow connection. Furthermore, Java is slower than active-x. Therefore, you need a more powerful computer to get an acceptable speed. Even though it is Java, some how, N2N requires you to use Internet Explorer to run it. I'm not a fan of IE, I'm a Firefox user and hope that something can be done about this. One thing that I don't like about N2N platform is the moving tickers. I prefer not to have them because it serves no purpose. Since I have no use for it, I feel that it is a waste of computing power to have a moving ticker.

The worst platform in my opinion is the one from CIMB invest (the platform you use for overseas trading). I think that it is from CIMB-GK. The Java platform is the worst programming I have encounter. When you search for a stock, the whole Java needs to reload. Terrible. In addition to that, the Watchlist can make you pull-out all your hair. Very lousy. Very not user friendly. I'm really surprised that CIMB uses such a lousy platform. I mean, CIMB is one of the premier bank in Malaysia but they employed the worst trading platform that a investor/trader can get.

Now, I'm stuck with CIMB invest. As I'm busy with trading now, I guess that I just have to bare with it. When markets have calm down, I think that I will go out looking for a new one for my HK and SG share trading.

Genm

Genm Weekly Chart

Looks like Genm has broken out of the downtrend line and also the triangle pattern. The sky is the limit now!

Disclosure: Long in CW.

AM New CW

4 new call warrants from AmInvestment Bank will be listed on 5 January 2010:

New Warrants	Expiration	Type	Ex Price	Ratio
IJMLAND-CA	3/1/2011	Call	MYR 2.2000	3 : 1
TCHONG-CA	3/1/2011	Call	MYR 2.9000	3 : 1
WILMAR-C4	3/1/2011	Call	SGD 6.4000	20 : 1
SGX-C1	3/1/2011	Call	SGD 7.9500	20 : 1

By the way, I have finished redesigning my Bursa Malaysia Warrant Calculator. The only task left now is to populate it with warrant information from HKSE and SGX. This should take another 2 days. My calculator subscribers will receive the new version by this evening (without all the HKSE and SGX) database. After updating the warrant database, I will move to the task of updating my calculator Web page. If you are interested but don't have a Paypal account, then email me for information on how to pay through my Malaysia bank account.

Commodity Summary

Gold is looking for a support and I believe that it is at current level. The worst case is that it corrects to USD1050. The summary for the rest:

Commodity	Monthly	Weekly	Daily
Gold	Up	Neutral	Down (-)
Crude Oil	Up	Up	Up
Crude Palm Oil	Up	Up	Up (+)
Rough Rice	Up	Neutral (-)	Neutral

World Weekly Summary

SSECI Monthly Chart

SSECI is on track to break the 3450 level. When it succeeds, HK market will be pulled up together. I guess that speculation level is still high in China. What will the Chinese government do to prevent their real estate crash? I guess that government around the world have a tough job ahead. If they pull out the easy money, market will crash. If they keep on pumping money, speculation will create unwanted bubble, which will also crash the market eventually. If the market will crash, either sooner or later, then why are they (the government) keeping the money faucet opened? Maybe everyone just want to keep their job and delay the problem long enough for their successor. I guess that we are just human.

World	Monthly	Weekly	Daily
S&P500	Up	Up	Up
DJI	Up	Up	Neutral (-)
NasdaqComp	Up	Up	Up
Nikkei 225	Up (+)	Up	Up
Kospi	Up	Up	Up
SSECI	Up	Up (+)	Up (+)
HSI	Up	Neutral	Neutral (+)
TWII	Up	Up	Up
STI	Up	Up	Up
JKSE	Up	Up	Up (+)
SENSEX	Up	Up	Up
AORD	Up	Up	Up
NZX50	Up	Up	Up
FTSE	Up	Up	Up
DAX	Up	Up	Up
RTSI	Up	Up	Up
Bovespa	Up	Up	Up (+)

Bursa Malaysia Weekly Summary

Year-end window dressing (or mini Christmas rally) has pushed the major indexes into the buy territory. This rally could continue well into Chinese New Year. I am still very cautious at this stage. As we know, the problem in the US still has not be solved. China and US stimulus have put the respective country into a Viagra state. The inflation play is heating up. Therefore prices are going up and up. As all bubbles for the past 300 years, the last one hopping onto the train will suffer.

Malaysia	Monthly	Weekly	Daily	Note
FBM KLCI	Up	Up	Up (+)	R=1.3k, S=1.2k.
Finance	Up	Up	Up (+)	R=11k, S=9.5k.
Construction	Up	Neutral	Neutral (+)	R=250, S=220.
Plantation	Up	Up	Up (+)	R=6.4k, S=5.8k.
Property	Up	Neutral	Neutral	R=820, S=760.

Fengshui master: Market rally up to H1 2010

2010 prediction by Master Yap. Do you believe in feng shui? I guess that this is a macro economy analysis. To make money, one still have to select the correct stock. Based on Master Yap's analysis, the only sector that we can invest in Malaysia is oil. Good luck and happy 2010!

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PETALING JAYA: Traders, on your mark.

The year 2010 will see more opportunities than 2009, and will be coloured by opportunities, volatility and lots of activity, says Joey Yap, the founder, CEO and master trainer of the Mastery Academy of Chinese Metaphysics.

The year of the Metal Tiger which begins on Feb 14, is personified by metal chopping wood which creates sparks.

“Metal chopping wood creates lots of activity. Yang metal in the first half of the year also creates a stronger impact. Wood controls earth, which is the wealth element in astrology. Hence, the rally in the stock market will continue up to the first half of the year as the roots of wealth are in the first two pillars of the Bazi chart,” explained Yap.

The second half, meanwhile, is forecast to be less aggressive.

Hence, the stock market will see more excitement than the real economy, which Yap says continues to look sluggish over the longer term, due to there being no water element.

“Water produces wood. With lots of wood but no water, this hinders growth. Hence, the recovery image is one that is somewhat artificial. However, I don’t think 2010 will be the year, we pay for all these artificial growth,” he said.

Yap pointed out that the absence of fire in the Bazi chart also indicates a lack of the happiness sentiment. This might mean there is something hidden or suppressed.

“Perhaps people are still not spending and being conservative with their finances,” said Yap.

Sector-wise, as the banking sector is represented by the metal element, Yap still sees stumbling blocks, and said more painful decisions may have to be made.

“Banks will become very cautious, and may be tighter on their lendings. Also, as only metal can produce water, and there is no water, there will be less liquidity,” he said.

The services sector, which is represented by the Hour Pillar in the Bazi chart, looks set to flourish. With the presence of earth (indirect wealth) and wood, these sectors ought to prosper.

Also, fire-related sectors such as technology, oil, alternative energies, mining are expected do well.

On stocks, Yap picked blue chip companies with strong sales to China. As there is a need of water, Yap would also pick water-related sectors such as fast-moving consumer goods companies.

Yap said Malaysia would grow, although at a slower rate.

Malaysia is also in a relatively sweet spot as Prime Minister Datuk Seri Najib Tun Razak is a Yin Wood Day Master.

Yin Wood’s defining characteristics are flexibility and adaptive in nature.

“These are the types who will always ‘find their way’ in life. New policies by Najib will help. Because of this, Malaysia will be better,” said Yap.

Meanwhile, JP Morgan strategist Adrian Mowat advised investors to stay high beta for now, as growth would develop as the dominant style in 2010

He said early 2010 conditions should continue to be very favourable for Asian equities with strong growth, positive earnings estimate revisions, acceptable inflation, ongoing rally in credit markets.

“Stage three of the bull market is an overshoot in valuations as risk-free rates stay low for long.”