5:32 pm - Sime is set to test its 200 MA at RM9.30

watch out this level if Sime break below this GWC.

5:13 pm - KLCI closed lower. It has been down for 3 consecutive days.

Watch out for a technical rebound here next week.

3:49 pm - Parkson, Chart of the Week is holding up nicely even in a weekly chart.

However, Dynaquest poorly rated it as 2 star. This is not a fundamental sound counter to hold. It is more of a trading buy.

3:31 pm - KLCI is moving sideway despite being down !

1:33 pm - Gold and Commodities Investing !

It is very interesting to note that many local financial institutions are prompting everyone to invest in gold and commodities when it is so damn high.

Our study in human behaviour is that the public always get it wrong. So I wud like to postulate that we are in toppish area where gold and commodities are all time high and we wud see a bearish trend very soon.



Here is monthly Gold futures chart.

Here is a monthly commodities e.g. Crude oil futures chart

Having said that, I hope I am wrong in this perspective i.e. commodities and gold can go higher. But let's wait and see ! I rather be shorting commodities and gold futures.


So the lesson here is to have an exposure on both long and short direction strategy for commodities and gold so you wud make $$$ on either way!

10:21 am - EPF like the big players are paying up for AMMB

AMMB is well supported by the big players. However, volume is low.

10:15 am - Here is another good dividend yield and fundamental counters - Panasonic

On the weekly basis, the chart is beautiful.

9:31 am - FKLI gap up due to +189 pts up by DJIA.

FKLI looks to build a base from here at 1282-1285. If it can form a base here, FKLI can go up.

9:16 am - KLCI is testing 1279.0 support again.

Watch out for this level, if it break KLCI wud come down.

The rationale here is that palm oil prices are getting weaker which in turn drive lower prices in plantation counters. So how can KLCI goes higher unless other counters like Digi, PB Bank, TM, Maybank.