Wednesday, April 30, 2008
6:03 pm : Bursa Malaysia is closed tomorrow for Labour Day - 1 May 2008
Open on May 2, 2008, Friday .
5:23 PM - kLCI is luckily to close just above 1277 support @ 1279.89
Still it looks bearish from this point.
9:34 am - Take profits for KNM.
Time to take some profit for an oil and gas counter like KNM. Crude oil is coming down fast !
9:26 am - KLCI looks to have a follow thru on the downside.
Palm oil has taken a hit last nite. KLCI looks to test support at 1277.0
Tuesday, April 29, 2008
5:13 pm - KLCI closes with a bearish pattern.
If there is a follow thru tomorrow on the downside, then FKLI looks to be bearish.
5:02 pm - Ramunia is holding up either accumulating or distributing.
Put your stop right beneath the support rm 1.30
3:11 pm - FKLI has support 1282/1285.0
If FKLI break below this support, FKLI looks bearish. The daily chart for FKLI is toppish too.
3:09 pm - KLCI down after lunch -8.53 pts.
KLCI looks bearish now. We wud see tonite annoucement from US FOMC on interest rate cut not so promising.
Monday, April 28, 2008
10:26 am - I am out of office - CIMB
I am doing a seminar today and tomorrow and be back in CIMB office on 29 April 2008.
9:55 am - KLSE market outlook by Bill Wermine
Dear Traders,
Expect whipsaw choppy action next week in the KLSE. Political bikkering and uncertainty, Penang bridge delay, and other bad news will keep the retailers out.
It is surprising the Star is reporting so much bad news. Perhaps they are running cover for the smart money who wish to accumulate.
This is an opportunity to pick up quality Blue chip, dividend shares before the uncertainty is removed. These are the shares that foreign funds will buy.
Remember that smart money buys weakness, bad news and fear. Smart money will never willingly put up the price against their own buying. This is bad for business.
KLSE weekly chart ....
Massive support at 1200 as evidenced by the blue trend cluster indicator. Next target 1350. Locked in buyers will take profit at 1350 where they bought and have suffered losses for the last 10 weekss. It will take strong effort to push through this level. It may take a few attempts to absorb the selling
Next weekend am taking a holiday to Cambodia so there will be no letter next week. Please direct questions to Martin. Quarterly report for Man OEM eclipse showed a gain of 8.3 %. The next Eclipse fund is due to be launched in late May, early June.
Have a profitable week
Bill
Expect whipsaw choppy action next week in the KLSE. Political bikkering and uncertainty, Penang bridge delay, and other bad news will keep the retailers out.
It is surprising the Star is reporting so much bad news. Perhaps they are running cover for the smart money who wish to accumulate.
This is an opportunity to pick up quality Blue chip, dividend shares before the uncertainty is removed. These are the shares that foreign funds will buy.
Remember that smart money buys weakness, bad news and fear. Smart money will never willingly put up the price against their own buying. This is bad for business.
KLSE weekly chart ....
Massive support at 1200 as evidenced by the blue trend cluster indicator. Next target 1350. Locked in buyers will take profit at 1350 where they bought and have suffered losses for the last 10 weekss. It will take strong effort to push through this level. It may take a few attempts to absorb the selling
Next weekend am taking a holiday to Cambodia so there will be no letter next week. Please direct questions to Martin. Quarterly report for Man OEM eclipse showed a gain of 8.3 %. The next Eclipse fund is due to be launched in late May, early June.
Have a profitable week
Bill
9:45 am - KLCI has to close above 1300 today to ensure uptrend remained intact
At this point, KLCI looks toppish too. If it closes below 1285, KLCI is forming a mushroom shaped.
Saturday, April 26, 2008
Friday, April 25, 2008
1:41 pm - EPF bought a lot of IGB shares.
Big players are supporting this counters. Check out this counters and put your stop below the support.
12:04 noon - FKLI set to look bearish - mushrooming down
KLCI cannot close below 1291 tonite else it is looking to move downward.
11:53 am - PetDagang - 5 L/C and pffer good exposure to crude oil
Volume is low now but the market was tested if it can go lower and it did not at all.10:58 am : Liqua Health been investigated by SC.
Here you have a classic chart of how the counters is manipulated. Notice the 2 long bars with high volume to let the public buy into the counters. This is how the big players unload their inventories to the unnoticed public.
And today Liqua drop the bomb - Kapoo !
Now compare to Transmile chart, do you see some similarity ?
10:45 am - Finally, Etitech broke down and selldown !
Interesting enough, if you follow my blog on this counter, ETItech (use the Search function on the top left of the page), I call for ETITEch on 21 Jan 2008 @ RM2.64 (Chart of the week).As the days progress, I question the counter as it hits higher on until Feb 29, 2008 when I first saw Etitech has a long tail and take some profits, maybe @ RM2.90 and take some more profits on March 12, 2008 where many bars with long tails @ RM2.50.
Today, we finally see Etitech broke down @ RM2.30.
Interesting when you trade this counter, you get to know who is behind them !
10:15 am : PB Bank is testing the last high @ RM11.30
I expect there will be some selling at this level of resistance Rm11.30. If PBB break into RM11.40/11.50 with low volume, this may not be sustainable.
10:12 am : KLCI higher in the morning ??? What about in the afternoon ?
KLCI higher due to higher closing DJIA +85.73. I think our KLCI is sensitive to the resistance of 1300. To reach higher, KLCI has to break 1300 convincely.
Thursday, April 24, 2008
4:33 pm - Evergreen is steady & up !
Trail your stop tight. Be ready to exit as KLCI market is getting weaker.
3:59 pm - From bullish pattern to bearish pattern.
KLCI does not look pretty at this junction - mushrooming shape.
KLCI has to closed above 1298 to look good for an uptrend.
3:13 pm - icapital , a closed end fund traded by Tan Teng Boon.
It is a beautiful chart - 18 L/C today ! You have a good base and buy some !
3:08 pm - PBB Bank is testing its last high @ 11.30
See if it can break the resistance @ RM 11.30 or come down after RM 11.30
10:43 am - Acostech is ready to go up !
It has a 5 L/C. I have some shares in this counter.
(Cannot upload chart)
(Cannot upload chart)
9:36 am - KLCI is ready to test 1300 and closes above it.
Let's see if how well can KLCI close tonite.
Wednesday, April 23, 2008
4:12 pm - Bursa counter has double bottom and looks good from here.
Despite having poor qtr results, there were no huge selling on Bursa.2:36 pm - Kencana is making an assault to the top !
Crude oil is hitting new record high so will be Kencana.
12:47 noon - KLCI stronger due to TM ex split & awarding newco shares to shareholders.
KLCI have broken into the gap and support @ 1277.0
12:22 pm - RCE Capital is having a nice run.
Refer to my previous weblog. Put your stop below RM 0.48
10:21 am - Tabung Haji was the big buyer of Evergreen
Notice the CIMB Trading Buy I blog several days ago. Use upper top right Search function to look for past counters.
After the 18 L/C, notice that Evergreen started to move yesterday.
9:36 am - Kinsteel is moving nicely on the uptrend.
Watch this counters and take position but place stop below the Rm1.15
9:32 am - FKLI looks like breaking new high today !
Plantation stocks are the counters to look for if KLCI can break higher !
Tuesday, April 22, 2008
10:19 am - Kencana looks like it is about to break higher.
The concern is the lower volume as it trend higher.
Monday, April 21, 2008
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