World Indexes

My interpretation for the week ending 15 Aug 2008.

World	Longterm	Midterm	Shorterm
S&P500	Down	Down	Neutral
DJI	Down	Down	Neutral
NasdaqComp	Down	Neutral	Up (+)
Nikkei 225	Down	Down	Down
Kospi	Down	Down	Down
SSECI	Down	Down	Down
HSI	Down	Down	Down
TWII	Down	Down	Neutral
STI	Down	Down	Down
SENSEX	Down	Neutral	Neutral
FTSE	Down	Down	Neutral
DAX	Down	Down	Neutral

Glitter

Ok, it's not KLSE glitter. It's our first silver/gold Olympic medal in more than 12 years. Chong Wei, make us proud man! We all hope that you will give us the joy among the gloom and doom.

Malaysia	Longterm	Midterm	Shorterm
KLCI	Down	Down	Down
Finance	Down	Down	Down (-)
Construction	Down	Down	Neutral
Plantation	Down	Down	Down
Property	Down	Down	Down
Mesdaq	Down	Down	Down (-)
2nd Board	Down	Down	Down

Weekly Index Analysis

First of all, I must congratulate the organizing committee for the Summer 2008 Olympics for producing such a spectacular opening ceremony. Well done!

Back to business. Looks like KLCI is still not in a good shape.

Malaysia	Longterm	Midterm	Shorterm
KLCI	Down	Down	Down (-)
Finance	Down	Down	Neutral
Construction	Down	Down	Neutral
Plantation	Down	Down	Down (-)
Property	Down	Down	Down (-)
Mesdaq	Down	Down	Neutral
2nd Board	Down	Down	Down

For other markets, the readings are mixed.

World	Longterm	Midterm	Shorterm
S&P500	Down	Down	Neutral
DJI	Down	Down	Neutral (+)
NasdaqComp	Down	Neutral (+)	Neutral
Nikkei 225	Down	Down	Down
Kospi	Down	Down	Down
SSECI	Down	Down	Down
HSI	Down	Down	Down (-)
TWII	Down	Down	Neutral (+)
STI	Down	Down	Down
SENSEX	Down	Neutral (+)	Neutral
FTSE	Down	Down	Neutral
DAX	Down	Down	Neutral

It is hard to read the market. I'm still staying out of Bursa Malaysia.

Hedge Fund

New York's Top-100 hedge funds are feeling the pain too in this year's downtrend. Read the news here.

Make or Break Again?

KLCI Weekly Chart

KLCI is just under the downtrend line. Can it break to the upside or continue going down?

The summary for various sectors:

Malaysia	Longterm	Midterm	Shorterm
KLCI	Down	Down	Neutral
Finance	Down	Down	Neutral
Construction	Down	Down	Neutral
Plantation	Down	Down	Neutral (+)
Property	Down	Down	Neutral
Mesdaq	Down	Down	Neutral
2nd Board	Down	Down	Down (-)

Looks like the plantation sector has stabilize somewhat but the 2nd board sector has turned down again. Only Tenaga looks interesting for shorterm trade.

For the rest of the world, the reading is mixed:

World	Longterm	Midterm	Shorterm
S&P500	Down	Down	Neutral
DJI	Down	Down	Down
NasdaqComp	Down	Down	Neutral
Nikkei 225	Down	Down	Down (-)
Kospi	Down	Down	Down (-)
SSECI	Down	Down	Down (-)
HSI	Down	Down	Neutral
TWII	Down	Down	Down (-)
STI	Down	Down	Down (-)
SENSEX	Down	Down	Neutral
FTSE	Down	Down	Neutral
DAX	Down	Down	Neutral

Mastercard Commercial

Another good laugh. This time from Mastercard.

Speculation

I like Julie. You know what I mean when you watch the video. Anyway, in this video, she talks about speculation which has now become an "evil" thing.

World Indexes

Looks like many exchanges are in rebound mode. How many of them will change into a bull market? How many will continue going down? Indicators are still mix.

World	Longterm	Midterm	Shorterm
S&P500	Down	Down	Neutral (+)
DJI	Down	Down	Down
NasdaqComp	Down	Down	Neutral (+)
Nikkei 225	Down	Down	Neutral (+)
Kospi	Down	Down	Neutral (+)
SSECI	Down	Down	Neutral (+)
HSI	Down	Down	Neutral (+)
TWII	Down	Down	Neutral (+)
STI	Down	Down	Neutral (+)
SENSEX	Down	Down	Neutral (+)
FTSE	Down	Down	Neutral (+)
DAX	Down	Down	Neutral (+)

Stabilizing ?

Looks like the market has stabilized. The indicators are still mixed. From the daily chart, we could be heading to a dead-cat bounce. I will still wait at the sideline until the weekly signals say up.

Malaysia	Longterm	Midterm	Shorterm
KLCI	Down	Down	Neutral (+)
Finance	Down	Down	Neutral (+)
Construction	Down	Down	Neutral (+)
Plantation	Down	Down	Down
Property	Down	Down	Neutral (+)
Mesdaq	Down	Down	Neutral (+)
2nd Board	Down	Down	Neutral (+)

Anyway, let's have a good laugh with this video.

The serious message is when the crowd is against you, you can either follow them (trend trading) or go against them (contrarian investor). The important is not to run behind the crowd (i.e. you are the last person to follow the trend) or get trampled (catching a failling knife). Theory is easy. Practice is hard. You just got to practice practice practice until you get it right!

The Great American Nightmare

When I'm bullish, I'll tend to weight more on bullish articles. Conversely, when I'm bearish, I'll tend to pay more attention to the bearish news. How bad is the American economy, The Great American Nightmare is a good read. Shadow GDP, CPI, unemployment etc. If everything is doom, what can you do? The answer is in the article too.

Happy reading!

Phantom Shares

A video about naked short sales.

Suggestions for Bursa Malaysia

So, Bursa Malaysia's profit is down. What can I say? The market is not conductive for traders. We need to be able to make money when the market goes up or down. You need to implement an environment that encourages traders to be more active. Currently, many of your policies are not. You need to remember, with Internet, traders can trade any market in the world. The only thing stopping us is the time zone. You may ask why do you need to implement policies that favors traders? Because we dare to buy high and sell higher. Because we don't care the fundamental of any stock. We create activities that energize the market. Now, being a trader is not easy. Many of us starts from small. I can see that you and the brokerage industry got too greedy until you have kill the market itself. My suggestions are:

1. Lower down brokerage fees: We need from small before going to big time. The current fee structure is too expensive for us. You want more fees or no fees at all?
2. Free end-of-day data: Paying a year of subscription for new timers is too high. If we cannot learn the art of technical analysis, how are we going to trade?
3. More sector indexes: Currently, there is no sector index for oil and gas, utilities, shipping, banks, brokerage, steel, retail etc. We need these to determine the hot sector for play. And made it free. Currently your FTSE-BM indexes are so hard to get. I have to manually download it from yahoo everyday.
4. Allow put warrants: Yes, we want to play when the market goes down too. If you are scare of sell down on local stocks, then allow put warrants for foreign stock. What harm can we do on foreign stock?

So, either you innovate or perish. I don't understand how you all do business. So slow in providing new innovation. Do you have all yes man in your company?

Down Down Down

I have made a mistake on the weekly rating for the plantation sector last week. I should have put it as "down". The error was due to my mistake in interpreting the weekly EMA. Anyhow, all major sectors are down now. Where is the rebound? I don't know.

Malaysia	Longterm	Midterm	Shorterm
KLCI	Down	Down	Down
Finance	Down	Down	Down
Construction	Down	Down	Down
Plantation	Down	Down	Down
Property	Down	Down	Down
Mesdaq	Down	Down	Down
2nd Board	Down	Down	Down

Funny Video

Market still going down. Are you stress out? Then have some laugh. I'm sure it can release some of those stress.

Global Bull And Bear Markets

A list of markets around the world. 57% of the countries are in a bear phase.

Still Bearish

I'm still bearish on KLSE. As the KLCI index indicates that the market was pretty oversold, that is why we had a bounce in the week. However, based on the reading of the charts, it tells me that this is only a dead-cat bounce. KLCI may attempt to reach 1200 but I strongly believe that it will test 1050 soon. The trend is still down. This is because the plantation index has just broken it's first uptrend line (there is another one at around 6600).

Malaysia	Longterm	Midterm	Shorterm
KLCI	Down	Down	Down
Finance	Down	Down	Down
Construction	Down	Down	Down
Plantation	Down (-)	Neutral	Down
Property	Down	Down	Down
Mesdaq	Down	Down	Down
2nd Board	Down	Down	Down

Well, I'm not an economist but this is what I understand based on what is happening in the US and how it will affect the rest of the world:
High oil and the subprime crisis have affected the auto, airline and financial sectors. People are loosing jobs. Consumption has shifted from high end to lower end. Luxury goods are suffering. Whole sale retailer are seeing more businesses due to limited amount of disposable income. High end retailers will be hit and more jobs will be lost. Consumption will shrink again affecting other sectors. Stock market will go down, reducing the people's wealth. So, the vicious cycle become worse. When the Americans, who lives on borrowed money stop consuming, it will hit the rest of the world. Can the Chinese and Indians replaced the reduced demand? Hey, aren't they the one getting more wealthy because of the Americans?

Anyway, look at the bright side. People will get healthier as they must use more human power to get around. Maybe the percentage of overweight people will be reduced as everyone is eating less (me included). We don't need to spend so much on our health care system because less people are getting sick. Hey, experts are even predicting less road accidents due to high oil! Corruption will be wipe out because nobody has anymore money to bribe. Government development will become more efficient as there is less money to waste. Social order will be disrupted at the beginning to flush out the bad things, but at the end of this crisis, we will come out better.

The consequence of bottom fish

This is a video of Jim Cramer's flip-flop on bank and homebuilders (property in Malaysian lingo). I guess he thought that he can bottom fish especially the banks. From my experience, a reversal can only be known using long term charts. Daily charts only gives you all sort of noise that makes you flip-flop and all confused.

No trust for oneself?

In this article, a survey was done in the US asset management industry. It is found that 46% of domestic fund manager did not invest at all in the fund that they manage! Ok, maybe the fund that the manage does not fit into their financial plan but why so high percentage? No confident in ones ability? Maybe play other peoples' money is more fun than playing own money. Hmm...I wonder if the same survey is done for Malaysian fund, what will be the percentage? A good thesis for any economics student. Any takers for this research topic?

I have one crazy idea, why don't we have a law that requires any analyst that issue a buy call must in fact buy the stock after the report is published. It is easy to say the word buy, but when your money is involved, do you dare to act on it?

Summer Meltdown

KLCI Yearly Chart

It is summertime in the northern hemisphere. Stock exchange around the world are melting down. Malaysian politics are full of confusion, but there is no confusion in our stock exchange, a break of 1000-1050 will mean a complete meltdown of our stock market! This week, the plantation sector has started to weaken. I thought that can earn some money from plantation counters. No chance now.

Malaysia	Longterm	Midterm	Shorterm
KLCI	Down	Down	Down
Finance	Down	Down	Down
Construction	Down	Down	Down
Plantation	Neutral (-)	Neutral	Down (-)
Property	Down	Down	Down
Mesdaq	Down	Down	Down
2nd Board	Down	Down	Down

Don't listen to analyst that says that it is time to buy because our stocks are cheap. It can go cheaper. We should wait for the analyst to buy first to stabilize the market, then only we follow. As small investor/trader (like me) only has small capital, we can't afford to make mistakes. The objective is not to make the highest return. The objective is to make the surest return.

Bears Around The World

How much pain can you stomach? Have you stretch your time frame into long term now?

An overview of Bursa Malaysia indexes:

Malaysia	Longterm	Midterm	Shorterm
KLCI	Down	Down	Down
Finance	Down	Down	Down
Construction	Down	Down	Down
Plantation	Up	Neutral	Neutral (-)
Property	Down	Down	Down
Mesdaq	Down	Down	Down
2nd Board	Down	Down	Down

Well, don't worry, we are not alone:

World	Longterm	Midterm	Shorterm
S&P500	Down	Down	Down
DJI	Down	Down	Down
NasdaqComp	Down	Down	Down
Nikkei 225	Down	Down	Neutral
Kospi	Down	Down	Down
SSECI	Down	Down	Down
HSI	Down	Down	Down
TWII	Down	Down	Down
STI	Down	Down	Down
SENSEX	Down	Down	Down
FTSE	Down	Down	Down
DAX	Down	Down	Down

I'm expecting a bounce soon for the US, but then again, when fear grips everyone, it can be very nasty. If you have the facility to play the bear direction (short/put option/put warrant), then you will make money. If not, then keep your money in the bank. At least, you'll lose slowly (due to inflation) then eaten up by the bear.

Only Plantation Is Alive

Can the plantation sector go up when the rest of the market is going down? How long will the commodity bull last?

	Longterm	Midterm	Shorterm
KLCI	Down	Down	Down
Finance	Down	Down	Down
Construction	Down	Down	Down
Plantation	Up	Neutral	Up (+)
Property	Down	Down	Down
Mesdaq	Down	Down	Down
2nd Board	Down	Down	Down

Nothing to Blog

I'm still alive. The market is still not going up, nothing to trade, so nothing to blog. Anyway, just a quick overview of sector based on technical analysis.

	Longterm	Midterm	Shorterm
KLCI	Down	Down	Down
Finance	Down	Down	Down
Construction	Down	Down	Down
Plantation	Up	Neutral	Neutral
Property	Down	Down	Down
Mesdaq	Down	Down	Down
2nd Board	Down	Down	Down

For those that keep coming back, just enjoy Euro 2008. Maybe the market will become alive again after that. By the way, if you keep checking this blog every other day, why don't you use Google newsfeed reader. Just get a Google account and look for the reader link. The reader will inform you know when there is a new post. Easy. Saves you the time and trouble.

P.S. I hope that table comes out right.

Critical Area

KLCI Daily Chart

A double top? Or an oscillation between 1280 to 1305? A breakdown will be ugly. Which I think that this is the greater probability as all daily indicators are bearish.

KLCI Weekly Chart

A break down may mean that a revisit of 1150 and maybe 1000. The later is still too early to tell.

So watch out!

Bullish counters still up?!

Hmm....the weekly bullish counters is now at 205:
3A ADVPKG AEON AFG AHEALTH AISB AMFIRST AMMB AMWAY ANCOM ANNJOO APM APP ARREIT ASTINO ASTRO ASUPREM ATIS BAHVEST BIPORT BPPLAS BPURI BSDPROP CCB CEPAT CHANG CHINTEK CHOOBEE CIMA COASTAL COMINTL CUSCAPI CWORKS CYL DAIBOCI DAYA DIGI DKLS DUTALND-WA ECOFIRS ENG ENGTEX ESSO EVERGRN F&N FAJAR FAREAST FORMOST FPI FRB FRONTKN GNEALY GOPENG GPHAROS GPLUS GUINESS HAIO HALIM HAPSENG HARISON HEXZA HIAPTEK HINGYAP HLBANK HTPADU HUAAN HUMEIND HWGB IMASPRO INGENS INIX INSBIO IPMUDA JAVA JAVA-WA JERNEH JETSON JTIASA JTINTER KASSETS KENANGA KFC KFM KINSTEL KINSTEL-WA KKB KMLOONG KMLOONG-WA KNM KPJ KULIM KULIM-WB KURNIA KZEN LBALUM LCL LINEAR LINGUI LIONCOR LIONIND LITRAK LPF LPI LSTEEL LTKM LYSAGHT MAEMODE MAICA MANULFE MASTEEL MAYBULK MBSB METACOR METECH METROD MFLOUR MHC MISC MISC-O1 MMM-PA MNRB MSC MSNIAGA MTEAM MUDA MUTIARA MYCRON MYEG NCB NESTLE NHFATT NOMAD NSOP NTPM ONASTEL OPUS PAHANCO PANAMY PAOS PARAGON PARAMON PBBANK PBBANK-O1 PHARMA PICORP PIE PJBUMI PMETAL PMETAL-WB POLY PPB PRESTAR PW QL RAPID RAPID-WA RPB RUBEREX RUBEREX-LA RUBHD SAPCRES SAPIND SARAWAK SAUJANA SEAL SEQUOIA SINDORA SITATT SMPC SPRITZR SRII SSTEEL SSTEEL-LA STAMCOL STAR STSTEC SUCCESS SUNCRN SWKPLNT TAANN TANAMAS TASEK TCHONG TDEX TDM TEXCHEM THPLANT TIENWAH TIMWELL TM TMCLIFE TONGHER TOYOINK TSH TSM TWS TWSPLNT UPA UTDPLT VADS WTHORSE WTK YECHIU YOKO YUNKONG

The weekly bearish counters is now at 259.

I have reduced my holdings last week. Only holding Alam, Maybulk and Sapcres-WA. All are not working well.

Sell in May and go away?

Maybulk

Maybulk Weekly Chart

It gives me a buy signal. Good chance of going up. I have no position yet but planning to open one.

Tenaga, Maybank, Genting and TMI New CWs

New CWs to be issued on 22 May 2008: Tenaga-CK, Maybank-CI, Genting-CL and TMI-CA. My interpretations for the underlying share are:

	Tenaga	Maybank	Genting	TMI
Monthly	Bearish	Bearish	Bearish	-
Weekly	Bearish	Bearish	Bearish	-
Daily	Neutral	Neutral	Bearish	Neutral

So, at current conditions, the odds are not in our favor to play these CWs.

Bulls increased, Bears decreased

The number of weekly bulls is now at 196:
3A ADVPKG AEON AFG AHEALTH AISB AJI AMFIRST AMMB AMWAY ANCOM ANNJOO APEX APP ARANK ARREIT ASTINO ASUPREM ATIS BAHVEST BIPORT BPPLAS BSDPROP CCB CEPAT CHANG CHEEWAH CHOOBEE CIMA CWORKS DAIBOCI DAYA DELLOYD DENKO DIGI DKLS DOMINAN DUTALND-WA ECOFIRS ENG ENGTEX EPMB-PB ESSO EVERGRN F&N FAREAST FORMOST FPI FRB FRONTKN GNEALY GPHAROS GPLUS GUINESS HAIO HALIM HAPSENG HARISON HIAPTEK HLBANK HTPADU HUBLINE HUMEIND HWGB IMASPRO INIX INSBIO IPMUDA IRMGRP JAVA JETSON JTIASA JTINTER KASSETS KESM KFC KFM KINSTEL KINSTEL-WA KKB KLUANG KMLOONG KMLOONG-WA KNM KPJ KZEN LCL LINEAR LINGUI LIONCOR LIONIND LPF LPI LSTEEL MAEMODE MAGNUM MAICA MANULFE MASTEEL MAYBULK MBSB METACOR METECH MFLOUR MHC MHOUSE MINTYE MISC MISC-O1 MNRB MSC MSNIAGA MUDA MUIIND MUIIND-LA MUIIND-LB MUTIARA MYCRON NARRA NCB NESTLE NHFATT NOMAD NSOP NTPM ONASTEL OPENSYS OPUS PAHANCO PANAMY PAOS PARAGON PARAMON PBBANK PBBANK-O1 PHARMA PICORP PIE PMETAL POLY PPB PRESTAR PW QL RAPID RAPID-WA RPB RUBEREX RUBHD SAPCRES SAPIND SARAWAK SAUJANA SEQUOIA SHELL SINDORA SITATT SPRITZR SRII SSTEEL SSTEEL-LA STAMCOL STAR STSTEC SUCCESS SUNCRN SWKPLNT SYF-WA TAANN TAFI TANAMAS TASEK TCHONG TDEX TEXCHEM THPLANT TIENWAH TIMWELL TM TMCLIFE TONGHER TOYOINK TSH TSM TWS TWSPLNT UPA UTDPLT VADS WTHORSE WTK WWTKH WWTKH-LA YECHIU YOKO YUNKONG

The number of weekly bears is now at 260.

I'm having contrasting result for Bursa Malaysia and US Options. I'm losing here but winning there. I guess I got into the wrong sector here.

Bullish sectors for US are: bulk shipping, crude oil shipping, solar manufacturer, oil producer, oil service provider, gas producer, coal producer, steel, agriculture (machinery and fertilizer) and coming soon, technology (besides GOOG, RIMM, AAPL). That's the sectors I'm focusing for the US market.

Now, for Malaysia, I guess it is oil and gas, plantation and steel. I missed the first move in steel. Let's see whether is there any chance later. For oil and gas, I notice that KNM is the leader. Which counters will be the follower? For plantation, maybe KLK will become the leader.

So, the world is currently playing energy and food themes. As long as oil keeps rising, I will play these two themes.

Costly Mistakes

I'm making costly mistakes. I'm selling out so that I can reexamine what have I done wrong.

Range bound or continue rebound?

Weekly bulls have increased to 159 now:
3A ADVPKG AEON AFG AHEALTH AHP AMFIRST AMTEK AMWAY ANNJOO APEX APP ARREIT ASTINO ASUPREM ATIS BAHVEST BIPORT BPPLAS CCB CEPAT CHANG CHEEWAH CME CUSCAPI DAIBOCI DAYA DELLOYD DIGI DKLS DUTALND-WA DXN ECOFIRS EMICO-WA ENG ENGTEX ESSO F&N FAREAST FPI FRB GCE GPHAROS GPLUS GUINESS HAIO HALIM HAPSENG HARISON HLBANK HTPADU HUATLAI HUMEIND IMASPRO IMPRESS INIX INSBIO IRMGRP JERASIA JETSON JOHAN-LA JTIASA JTINTER KESM KFC KINSTEL KINSTEL-WA KKB KMLOONG KMLOONG-WA KPJ KPOWER KRETAM-LA KZEN LCL LINEAR LIONCOR LIONIND LPF LPI MAEMODE MAGNUM MALPAC MANULFE MASTEEL MAYBULK MBSB METACOR MINTYE MMM-PA MNRB MSC MSNIAGA MTEAM MUDA MUTIARA NALURI NCB NESTLE NTPM ONASTEL OPUS PAHANCO PANAMY PARAGON PBBANK PBBANK-O1 PHARMA PICORP PIE POLY PORTRAD PUC QL RAPID RAPID-WA RPB RUBEREX RUBHD SAPIND SARAWAK SAUJANA SEQUOIA SHELL SINDORA SITATT SPRITZR SRII SSTEEL SSTEEL-LA STAR SUCCESS SUNCRN SWKPLNT SYF-WA TAANN TAKASO-WA TAMCORP TASEK TDEX TECGUAN TEXCHEM THPLANT TIENWAH TIMWELL TM TMCLIFE TSM TWS UPA UTDPLT VADS WARISAN WTHORSE WTK WWTKH YECHIU YOKO YTLPOWR

Weekly bears have decreased to 335.

KLCI Weekly Chart

I thought that KLCI will dive last week, but it didn't. It's still holding on. I don't know whether it will continue to go up or stay range bound. The daily, weekly and monthly technical signals are all contradicting each other.

Oil is at USD125++. Will there be play in the oil & gas and plantation sector? I just notice that I missed out the steel sector play. I must admit that I'm not paying much attention to Bursa Malaysia now. Trading in two markets that are 12 hours apart is not easy stuff. I will have to make a decision soon whether to keep trading in Bursa Malaysia. Trends that I hope will be formed are not forming. Maybe there are not enough TA traders in this market.

Currently I'm holding Digi-CB, Choland-C1, Cnooc-C4, Wilmar-C1, Alam and Sapcres-WA.

Sapcres & Alam

Alam Weekly Chart

Downtrend broken, base building for 5 weeks and starting to move now??? I'm in.

Sapcres Weekly Chart

Downtrend broken. Base building kind of short. Start of new uptrend??? I'm in Sapcres-WA.

What Created The Subprime Mess

Funny video.


What Created The Subprime Mess - Watch more free videos

Wilmar

Wilmar Daily Chart

Looks good. To go above SGD5.00??? I'm in Wilmar-C1!

Rebound Over?

Weekly bulls have increased to 123:
AFG AJI AMWAY ANNJOO APEX APP ARANK ASUPREM ATIS BAHVEST BERNAS BIPORT BPPLAS BREM CHANG CHEEWAH CME CUSCAPI DAIBOCI DAYA DIGI DKLS DUTALND-WA DXN ECOFIRS ENGTEX F&N FAREAST FPI FRB GCE GPHAROS GPLUS GUINESS HAIO HARISON HLBANK HTPADU HYTEXIN IMASPRO INIX INSBIO IRMGRP JERASIA JETSON JOHAN-LA JTINTER KFC KIMHIN KINSTEL KINSTEL-WA KKB KZEN LBICAP LINEAR LIONIND LPF MAGNUM MALPAC MANULFE MAYBULK MBFHLDG-WA MBSB METACOR METECH MILUX MSC MSNIAGA MTEAM MUDA MUIIND-LA MUIIND-LB NALURI NESTLE NTPM OCB OPUS PAHANCO PANAMY PAOS PBBANK PBBANK-O1 PICORP PORTRAD PPHB PUC QL RAPID RAPID-WA RUBHD SAPIND SARAWAK SAUJANA SEQUOIA SHELL SITATT SRII STAR SUCCESS SUNCRN SWKPLNT TAANN TAKASO-WA TAMCORP TASEK TGUAN THPLANT TIMWELL TM TMCLIFE TRACOMA TSM TWS TWSPLNT UPA UTDPLT WARISAN WTHORSE WTK WWTKH YAHORNG YECHIU YOKO

Weekly bears have decreased to 365. Our rebound seems to halt halted. It troubles me when US goes up and we go down. What happens when US go down? We go down more?

Still not finding any good set up for serious trading. Still holding Digi-CB, Choland-C1, ICBC-C5, Cnooc-C4 and Exmobil-C1. Going to get off from Exmobil-C1. I thought XOM will make huge profit, apparently not. No luck.

Malaysian market cannot go up. No opportunity to trade. Currently, I'm active in US options market. You can read it in my other blog (link in sidebar).