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: This is the leading sector that powers KLCI up higher. Daily, weekly and monthly overbought.
Plantation: Still struggling to break the overhead resistance. A laggard sector.
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: Struggling to break the overhead resistance.
|FBM KLCI||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?