World Market Weekly Summary

Only downgrades, no upgrades:

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

Interesting Charts: Plantation

Since plantation sector is going strong, lets look at some interesting plantation stocks.

IJMPlnt Weekly Chart

IJMPlnt: Looks like a breakout from a triangle formation.

IOICorp Weekly Chart

IOICorp: A breakout from a downtrend line.

KLK Weekly Chart

KLK: A breakout from a downtrend line.

Sime Weekly Chart

Sime: Found support at the uptrend line. Weekly RSI downtrend line indicates a breakout in the future.

Disclosure: No positions.

Bursa Malaysia Weekly Summary

KLCI Weekly Chart

Where is the correction for KLCI? Daily and weekly chart is at overbought territory. Monthly is almost overbought. It seems that the new KLCI index behaves differently from the old one. With only 30 component stock, it is much easier to manipulate the index. When the rules of the game changed, as a trader, we need to change our strategy too. Nothing to complain.

Looks like the weakest sector is construction and property. The strongest is still finance followed by plantation. Can we have a index to track the O&G sector, Mr Yusli?

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

New Call Warrants

4 new call warrants from CIMB will be listed on 26 Aug 2010:

New Warrants	Expiration	Type	Ex Price	Ratio
UNISEM-CB	25/08/2011	Call	MYR 2.0000	3 : 1
IOICORP-CP	25/08/2011	Call	MYR 5.0000	4 : 1
UEMLAND-CD	25/08/2011	Call	MYR 1.5800	2 : 1
MAYBULK-CA	25/08/2011	Call	MYR 2.6800	3 : 1

Prepare for Inflation

Andy Xie says that inflation is going to happen: Inflation, Not Deflation, Mr. Bernanke

Interesting Charts

Dialog Weekly Chart

Dialog: Slowly being push up. Too slow for warrant play (which is going to expired soon).

Genm Weekly Chart

Genm: Finally broken out. However, it moved so fast. Didn't get a chance to catch it.

SPSetia Weekly Chart

SPSetia: A huge triangle breakout. Daily almost overbought.

Tenaga Weekly Chart

Tenaga: Could be a break out. Next major resistance is the downtrend line.

UMW Weekly Chart

UMW: Could be making a move now. Good result, good reason to push.

Disclosure: Long in SPSetia, Tenaga.

World Market Weekly Summary

Mixed performance around the world. Best market is Indonesia, S.Korea. US market is still looking for a base.

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

Bursa Malaysia Weekly Summary

KLCI Weekly Chart

KLCI: Daily overbought. Weekly almost overbought. Amazing that the index keeps going up. Next week, we should see some correction. 1400 is a strong resistance point. Don't think that it can be broken with one attempt.

Finance Sector Weekly Chart

Finance: This is the leading sector that powers KLCI up higher. Daily, weekly and monthly overbought.

Plantation Sector Weekly Chart

Plantation: Still struggling to break the overhead resistance. A laggard sector.

Property Sector Weekly Chart

Property: Most probably the break above the 1 year resistance at 840 is successful. Is the property play shifting to Malaysia? Malaysia is a laggard in property play as compared to China, Hong Kong and Singapore. Is the money flowing in now?

Construction Sector Weekly Chart

Construction: Struggling to break the overhead resistance.

Summary:

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 (+)

So, what are you playing. I guess that if one miss the leading sector (finance), then I should go after the laggard (property, construction, plantation). Which sector shall it be? Any suggestions?

5 New Call Warrants

5 new call warrants from OSK will be listed on 26 Aug 2010:

New Warrants	Expiration	Type	Ex Price	Ratio
GENM-CO	23/08/2011	Call	MYR 2.8000	4 : 1
KOSSAN-CA	23/08/2011	Call	MYR 3.4000	6 : 1
UEMLAND-CC	23/08/2011	Call	MYR 1.5500	3 : 1
AXIATA-CH	23/08/2011	Call	MYR 4.1000	6 : 1
HSI-CC	23/08/2012	Call	20000	12000 : 1

International Reserves of BNM

Date	MYR (billion)	USD (billion)
30-Jul-10	310.6	95.0
13-Aug-10	310.8	95.1

Source.

World Market Weekly Summary

Minor downgrades everywhere:

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

Bursa Malaysia Weekly Summary

KLCI Daily Chart

Looks like KLCI has corrected from the overbought condition. It is now on a rebound, but this should not get too far. It needs to correct down to below 1340 before it can make the next big move (up or down).

Sector wise, the strongest is the plantation:

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

New 4 Call & 4 Bull Warrants

4 new call warrants from OSK was listed today:

New Warrants	Expiration	Type	Ex Price	Ratio
BJCORP-CC	8/6/2011	Call	MYR 1.0000	2 : 1
IOICORP-CO	8/6/2011	Call	MYR 4.9000	6 : 1
PLUS-CC	8/6/2011	Call	MYR 3.5000	4 : 1
HSBC-C7	8/6/2011	Call	HKD 78.0000	40 : 1

After the initial success of KO everyone that bought BJCorp-JA bull warrant, CIMB has issued another 4 bull warrants that was also listed today:

New Warrants	Expiration	Type	Ex Price	Ratio	Call Price
MISC-JA	10/5/2011	Bull	MYR 7.1000	10 : 1	MYR 7.5000
BJCORP-JB	10/5/2011	Bull	MYR 0.7800	2 : 1	MYR 0.8700
UEMLAND-JA	10/5/2011	Bull	MYR 1.2400	3 : 1	MYR 1.3600
MRCB-JA	10/5/2011	Bull	MYR 1.2800	3 : 1	MYR 1.4000

For those who got KO, maybe you can have your revenge with BJCorp-JB.

These new warrants are all included in my killer Bursa Malaysia Warrant Calculator - Don't trade warrants without it!

Bursa Malaysia Weekly Summary

KLCI Daily Chart

KLCI still holding up. However, looks like it is correcting from an overbought situation. Uptrend line support is at 1320.

Construction sector looks a little bit weak. Plantation is tearing up due to higher CPO price. Will the wheat play spread to all the agriculture commodities?

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

International Reserves of BNM

Date	MYR (billion)	USD (billion)
15-Jul-10	309.9	94.8
30-Jul-10	310.6	95.0

Source.

4 New Call Warrants

4 new call warrants from AM Investment Bank was listed today (4 Aug 2010):

New Warrants	Expiration	Type	Ex Price	Ratio
MUDAJYA-CB	25/03/2011	Call	MYR 5.6500	8 : 1
GAMUDA-CL	25/03/2011	Call	MYR 3.3300	3 : 1
UNISEM-CA	25/03/2011	Call	MYR 2.1800	4 : 1
TM-CN	25/03/2011	Call	MYR 3.3200	3 : 1

World Market Weekly Summary

More upgrades than downgrades. This is good news for the bulls:

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

Bursa Malaysia Weekly Summary

KLCI Daily Chart

KLCI has reached the overbought region based on the daily chart. Therefore, weakness is expected.

Everything still continues to go up. However, construction is showing some weaknesses. The breakout from the horizontal resistance line could be a false one if the sector index goes under 248. So, beware!

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