Trading Room – Mon 29 Oct 2018
The market selldown has seen Bursa Malaysia and the global markets falling more than 10%-30% from their highs and the situation is worse for the mid and small-cap stocks. Notwithstanding the fact that we have exited much earlier as guided by the Master Algorithm Continue reading How elite bulls can prosper in a bear market
Trading Room – Friday 26 Oct 2018
The global rout in stock markets worldwide and on Bursa is continuing and it’s likely too early to pick an absolute bottom.
Stocks rose back on Thursday in US as Wall Street recovered from a tumble in the previous session that sent two of the major indexes into the red for 2018.
Continue reading Market – Projecting high-probability bottoms in advance
Trading Room – Thursday 25 Oct 2018
Oil prices on Wednesday broke their key supports despite a looming U.S. sanction against Iran coming into effect soon.
Front-month Brent crude oil futures were traded around US$76.76 a barrel while US West Texas Intermediate (WTI) crude futures were at US$66.58 a barrel.
Brent closed down 4.3% and WTI dropped 4 .0% in the previous session. Continue reading Hot Stocks – What to do with O&G stocks now?
Trading Room – Thursday 25 Oct 2018
Stocks plummeted on Wednesday as a sharp drop in tech shares and worries about corporate earnings added fuel to the month’s steep pullback for US stocks.
The Dow Jones Industrial Average dropped 608.01 points at 24,583.42 and erased all of its gains for 2018. The S&P 500 dropped 3.1% to 2,656.10 and also turned negative for the year. The Nasdaq Composite fell 4.4% to 7,108.40— entering correction territory — as Facebook, Amazon, Netflix and Alphabet all traded lower. Continue reading Hot Markets: Global and US – It’s hard to say goodbye
Trading Room – 24 Oct 2018
Stock prices are falling everywhere and Malaysian stocks were sold down yesterday as well with the KLCI falling by 1.44% to 1,697, with even defensive stocks getting hammered. Continue reading Blood in the streets?
Trading Room – 23rd Oct 2018
The fall in the share prices of government e-service players are attracting interest. The government in its 11th Malaysian Plan review has stated that it wants to pursue the “digitalisation” agenda in the remaining period of the plan that ends in 2020 according to news reports. Continue reading Hot Stocks – E-Government service players
Trading Room – 22 Oct 2018
The US corporate earnings season is off to a strong start. With more than 15 percent of S&P 500 companies having reported, 83 percent have topped analyst expectations, according to FactSet and reported by CNBC. Continue reading Greed and fear – which to choose this week?
Trading Room – 19th Oct 2018
“Dow falls more than 300 points as the market’s October struggles to persist.”
“The Shanghai Composite dropped 2.9 percent and hit its lowest level since November 2014.”
“Italian bond yields to their highs of the day and sent major European stock-market indexes to their session lows.”
The Dow and S&P 500 have fallen more than 4 percent each, while the Nasdaq is down nearly 7 percent in October.
Continue reading Global markets and Bursa – Where are they really heading “together”?
Trading Room – 18th Oct 2018
The Light Rail Transit Line 3 (LRT3) project has received the Government’s greenlight to continue at a total project cost of RM16.6bil, according to separate filings by Malaysian Resources Corp Bhd (MRCB) and George Kent (M) Bhd. Continue reading Opportunities in Construction stocks?
Trading Room – 17th Oct 2018
U.S. Stocks rose sharply on Tuesday after the release of strong quarterly results from
some of the largest U.S. companies helped the market recover from last week’s
sell-off. Continue reading Making sense of the US market and KLCI