Monday, March 31, 2008
4:12 pm - KLSE Market outlook from Bill Wermine !
Dear Traders,
On Saturday, Phillip Singapore conducted a seminar on currency trading at our office which some of you attended. The Phillip analist concluded that raging inflation, world stock market volatility, credit collapse in the US will create currency trading opportunities and opportunities in CI and CPO futures.
Obviously, dealing in highly risky futures and currencies requires trading and risk management skills as well as total focus and discipline. Our Master the Markets course and support network does provide a foundation to survive and prosper in this environment. But it takes hard work to succed.
If you are too busy to trade, the alternative for inflation protection is diversifying some of you assets to Man Funds. The OM 3Eclipse closed end fund closes for subscription on Friday 4 April. The next fund will open in 3 or 4 months.
A few of the Friday/Saturday guests did invest in Man and I commend you for being motivated to come. Especially Friday night in the face of massive traffic jams due to flooding. Grabbing an opportunity, it seems there will always be an obstical in the way and the winner in life will always find a way to overcome the difficulty.
If you can not afford the RM 50,000 minimum investment for Man , buying gold coins from UOB Bank on a cost averaging basis is another way to protect yourself from inflation. They offer a 1 ounce Maple Leaf/Australian Nugget and will buy/sell with a 5 % spread. Current price is RM 3160 per coin. You will also need to rent a bank safe deposit box to store your coins . Remember, gold like property and palm oil has no counterparty risk unlike bank deposits, bonds, shares, cash currencies, insurance policies and has been a store of value for thousands of years.
Market Outlook
Continue to focus on high quality plantation shares. With the recent correction many are trading at attractive levels. The supply and demand picture has not changed. TG has issued strong smart money buy indications on some of the plantation shares. IOI Corp insiders are buying back their shares as reported in the Edge and the CIMB Insiders transaction report which CIMB issues daily. If you need info on this call Martin at CIMB.
On Saturday, Phillip Singapore conducted a seminar on currency trading at our office which some of you attended. The Phillip analist concluded that raging inflation, world stock market volatility, credit collapse in the US will create currency trading opportunities and opportunities in CI and CPO futures.
Obviously, dealing in highly risky futures and currencies requires trading and risk management skills as well as total focus and discipline. Our Master the Markets course and support network does provide a foundation to survive and prosper in this environment. But it takes hard work to succed.
If you are too busy to trade, the alternative for inflation protection is diversifying some of you assets to Man Funds. The OM 3Eclipse closed end fund closes for subscription on Friday 4 April. The next fund will open in 3 or 4 months.
A few of the Friday/Saturday guests did invest in Man and I commend you for being motivated to come. Especially Friday night in the face of massive traffic jams due to flooding. Grabbing an opportunity, it seems there will always be an obstical in the way and the winner in life will always find a way to overcome the difficulty.
If you can not afford the RM 50,000 minimum investment for Man , buying gold coins from UOB Bank on a cost averaging basis is another way to protect yourself from inflation. They offer a 1 ounce Maple Leaf/Australian Nugget and will buy/sell with a 5 % spread. Current price is RM 3160 per coin. You will also need to rent a bank safe deposit box to store your coins . Remember, gold like property and palm oil has no counterparty risk unlike bank deposits, bonds, shares, cash currencies, insurance policies and has been a store of value for thousands of years.
Market Outlook
Continue to focus on high quality plantation shares. With the recent correction many are trading at attractive levels. The supply and demand picture has not changed. TG has issued strong smart money buy indications on some of the plantation shares. IOI Corp insiders are buying back their shares as reported in the Edge and the CIMB Insiders transaction report which CIMB issues daily. If you need info on this call Martin at CIMB.
The Plantation index chart shows 3 green rectangles at the bottom which show smart money accumulation. The green rectangle is the stongest buy signal in the TG program
There is also good swing freedom from these levels which defines good reward to risk ratios in this sector.
We are also holding our Master the Markets Foundation program next Monday and Tuesday 7/8 April at the PC Quote training room. This will be a small group as we did not advertise or promote the course. Tell your friends and you are welcome to come to refresh your selves. Prior grads are FOC but you need to bring your notes. Call Dolly if interested 03 42524149/ 016 637 1508
Have a profitable week,
Bill
There is also good swing freedom from these levels which defines good reward to risk ratios in this sector.
We are also holding our Master the Markets Foundation program next Monday and Tuesday 7/8 April at the PC Quote training room. This will be a small group as we did not advertise or promote the course. Tell your friends and you are welcome to come to refresh your selves. Prior grads are FOC but you need to bring your notes. Call Dolly if interested 03 42524149/ 016 637 1508
Have a profitable week,
Bill
2:53 pm - KLCI touch the last high at 1259 and then turn mushrooming down
Here is a chart of 10 mins of KLCI.
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