KLCI 1300 Soon?

As I have predicted, KLCI Futures is on its way to 1300, and with Maxis IPO Listing. Everything is very positive. News from US Market is very positive as most markets are consider in a Strong Recovery. This might last for another month or so, I am more cautious after US DJ Breaks 11,000.

The Maxis IPO will be listed on the 19th Nov 2009, it has bring in alot of Foreign Funds and the Telco Sector would more or less move. YTLE might be a good buy if you haven't manage to get the Maxis IPO.

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From the Futures chart, it shows a beginning of an small uptrend. If it pulls back, it won't be more than 20 points. opportunity to long and good to sell higher if US market goes up and our CI Futures Opens Gap up. I prefer to buy more when the market is lower and sell again when our CI Opens Gap Up.

Maxis IPO most likely will bring a short term rally into our KLSE, plus good news from regional markets & China Markets. Telco Shares are the focus for the coming two weeks.

Axiata & TM might face some profit taking as funds will sell them to buy Maxis. So the CI would be slightly mixed with more uptrend positive signal.

US Dow Jones Break 10,100 Resistance and KLCI Futures will break 1270

Following the positive financial results from Apple and Texas Instruments that blew pass the analyst expected results, US Dow Jones went up as high as 10117.96 to close at 10092.19. Market seems quite bullish as even now US DJ Futures is up.

For those of you that's trading Futures, this weeks there will be almost 125 S&P 500 Companies making releasing their financial results, which majority will blew past expectation.

KLCI & KLCI Futures Chart is currently at its highest since it hit 800 points. Market is very bullish but beware of peaked signals and profit taking. There will no doubt be some slight profit taking, put a Profit Trailing Stop. Go in again then MACD and Stokastic signals are confirmed.

US Dow Jones Break 10,000 Resistance and KLCI Futures will follow suit!

US Dow Jones Break 10,000 Points, back to 1 year high because the crash down to 6,500. Due to JPMorgan's Extremely Upbeat quaterly results which was 6 times better than the same quater last year. JPMorgan was still earning 257 Million last year when other Banks will doing massive writedowns and asking for government Bailout or Financial Aids.

Intels Great 3 Billion USD Profit also help pushed the US DJ to a positive +100 start up when the market just opened at 9:30p.m. last night Malaysian times.

Tonight will be the Quaterly result announcement for Goldman Sach and CitiGroup. Hopefully their results will beat expectation and the market will rally again.

US DJ Daily Chart still shows a positive rally, Stokastic shows that its a bit overbought and might have some profit taking before the market rally again tonight :), but on the long run, there is no down trend signal, maybe just a slight profit taking. The Bull must rest for a breathe, before running again.

KLCI Chart shows the same positive momentum for Regional Markets & DJ.

From the Technical Chart Point of View, CI Futures is on a Strong Uptrend, but might face some profit taking coz its a bit over bought now, but Daily chart is still on a Strong Uptrend.

Immediate Support for KLCI Futures is 1248, Resistance at 1260, however, i believe that it will be broken today.

2nd Resistance is 1270, Support at 1250.

3rd Resistance is 1285, Support at 1270.

That's it for today, if you wish to enter, remember to put your stop loss, if I don't update this blog, meaning that I still think the market is on an uptrend for now.

CI & Futures Ready to Test 1240 & 1245

The US & Regional Market has been quite bullish for the past few days after a two week minor correction. KLCI Futures went down to 1200 where a strong support is formed. And has rallied to 1235 Level since Monday.



Currently a resistance is forming near the 1240 level and support formed at 1230. If you notice, the KLCI Futures is always normally about +4 Point Premium from the KLCI Index. Now KLCI is 1230, where as the Futures is 1234, it was as high as 1236.50 where the signal was super bullish.

Do expect a slight pullback after it breaks 1240, and good entry point again would be 1230 to long with 1225 as support.



KLCI Shows that there is currently a beginning of an uptrend, however, expect a slight rest after a week of rally, next week alot of Banking Results will be released from the US, so do be careful.

In summary, my view on the market. US DJ must break 10,000 for the KLCI Futures to break 1250. DJ is now 9786.87, just another 213.13 points to 10,000.

KLCI Futures is now 1234, just another 16 points to 1250. I don't wanna predict 1300 for now coz market might see some pull back when hitting 1250, I follow MACD, Stockastic and RSI in the charts strict, if the signal is good, I will still hold my positions and let the bull run. Else just take profit and enter again when the market is near bottom using 5 min, 15 min and daily chart to strategize.

Good Luck with your trading and remember to monitor buyer/seller volume. Currently my view for futures is:

Imemediate 1st Support 1230, 1st Resistance 1240.
2nd Support 1225, 2nd Resistance 1250.
3rd Support 1220, Strong Resistance at 1260.

Singapore Speculative Counters - HG Metal & MAP Tech

A Close friend of mine ask me to do a review on these two counters. Personally I think her eyes are as sharp as a eagle. :P

Anyway, MAP Tech is now trading at SGD0.065 Cents, personally I think its not really a fundamentally strong counter. And now its slumping down. I won't encourage people to buy until I see a Parabolic Dot on Top. And its Volume are consider quite low and won't be actively traded. Better look for a better counter. But if you got spare cash, can buy around 0.05 and then hold and sell it when around 0.080. Earning about 60% just with 6 bids movement.



HG Metal however is better with support formed around 0.120. And you put stop loss 2 bids below should you choose to enter. Seems like its getting ready for a short rally, as Stockastic and MACD is starting to trend up on the Daily Chart. Volume is also better than MAP Tech.



Remember to trade with Stop Loss and Good Luck.

Great Hong Kong Blue Chips

Here is a list of HK & Singapore Stocks that I am really interested in buying and investing long term. Personally I am more fond of Foreign Blue Chips (including Citibank, AIG and Bank of America, sorry no charts available, try to get it from Google Finance).

I love HK stocks for a few reasons:

1. They are relative cheaper and more volume than our Malaysian Banking Stocks (sometimes 1 counter equals the entire KLSE Volume itself).
2. HKD100 is about RM 43.78 now. So imagine Bank of China now is about RM2.10, ICBC is about Rm3. China Mobile is about RM38.
3. In terms of Currency, there is no doubt that Hong Kong Dollar and China Ren Min Bi will one day double from its value within the next 10 years when their economy over takes Japan & perhaps even US. Everybody is talking about it and from the way the economy is going, its is going to happen sooner than you think.
4. In China there is A Share and H Share. H share is relatively cheaper and more Unit Trust Funds and Retailers like Public and Foreign Funds mostly invest in H Shares. Direct investments for China Citizen into Hong Kong Shares is not implemented yet. Personally, I think the China Government was very smart to suspend it that time just before the Financial Recession. Else alot of people would have been burnt. Imagine the flow of funds when this is implemented in years to come? Hang Seng Index will be looking at at least 40,000 in the next 5 years when the economy fully recovers.
5. HSI is now around 21,000 Level. Its lowest Level was 10,000 which was in March this year. For the past 2 years, HSI Lowest was 10,000 Level, Highest was 32,000 Level. And now it has recovered 50% to 21,000 but the share prices has increased by at least 120% from its lowest point.

KLCI Lowest was 800 points, Highest is now at 1232 Level. meaning KLCI only recover about 60% only from its highest point at 1530 level. Another 300 points to go to break new high.

Here are some of the stocks that I am monitoring for the HKSE & Singapore:



1. Bank of China: A blue chip of the HKSE, its movement and price trend is similar to ICBC. Its always in high volume trading and slightly cheaper than ICBC.

Lowest was around HK$ 1.70. Highest was HK$ 5.27. Now trading at HK$4.08. IPO Price was around HK$2.50. Consider is a good buy around HK$3.00 but HSI will have to be 15,000 Level to reach that kinda price. Personally I think its more like Public Bank of our KLSE.



2. ICBC: Was said to be the best Banking Stock of the HKSE, very well managed. Its movement and price trend is similar to Bank Of China & China Construction Bank(Slightly more expensive). Its always in high volume trading.

Lowest was around HK$ 2.61. Highest was HK$ 7.49. Now trading at HK$5.84. Consider is a good buy around HK$4.00 but HSI will have to be 15,000 Level to reach that kinda price. Simliar to our CIMB Bank of the KLSE.



3. China Mobile: Its said to be the most Under Valued Stock in the HKSE, personally I agree. imagine this is the counter that's is going to handle all the Mobile Users of China, Including the incoming Apple iPhone 3GS and 3G Services that is going to be launch in China Soon. This is like investing in a Company that controls the biggest Mobile Industry stake in China with a population of 1.3 Billion. I am not suprised its stock is trading at HK76 now.

Lowest was around HK$ 50.50. Highest was HK$ 160.00. Now trading at HK$75.60. Consider is a good buy around HK$70.00 but HSI will have to be 18,000 Level to reach that kinda price. This is like Digi, very stong but strong potential in a fast growing mobile market.



4. Petro China: It was said to be the World's 1st 1 Trillion Dollar Company. With Oil Related Business as its main core business, its share prices is highly related to the US Crude Oil Price which is currently trading at USD69.30 now. Petro China is now trading at HK$8.76. This is a good counter to invest if you think that Oil Prices are going up.

Lowest was around HK$ 4.05. Highest was HK$ 20.25 when crude Oil Price was above USD100 level, highest at USD147.27. Great Oil Investment Stock as it is well managed, can invest when Oil Prices are lower. Good Entry Price would be around HK$6.50, but not much chances of it coming down if oil prices are strong at USD65 to 75 level.

Golden Agriculture - Singapore CPO Stock

I came accross this Singapore stock Called Golden Agri when Bloomberg was recommending it as the best CPO Stock to invest judging by its Profit Margin and Return on Investments.

Golden Agri is probably the most cheapest and most affordable CPO stock in Singapore and Malaysia. Wilmar SGD6.82 is also another Singapore counter.

Golden Agri is currently trading at 0.430. Year Low was 0.155, Year high was 0.520.

Recommend Buy when it goes below 0.40, and Sell it above SGD0.60. CPO Price is now around RM2200, Highest was RM4400. Lowest was RM1300. This share price is highly linked to Crude Oil Price and CPO Prices. Its Financial Results are quite good.

Genting Singapore - Great Stock

Many people have asked me about Genting Singapore when it was launched. Recently I think this might be the hottest traded stock on the Singapore Exchange for the last few months.

In March during the Financial Crisis, it was as low as SGD0.32, which was very near its PAR Value of USD0.10.

In Sumary, its Historical high was recently at SGD1.21. Lowest was 0.32. Currently trading at 1.13 due to the Genting Right Issue.

Personally I think this is a great stocks if you have bought it below SGD0.80. at SGD1.21 you would have earn more than 50%.

There are reports that states that it will run up to SGD1.50, and some to SGD2.50 after it starts operating this year end /2010 Jan. Its a great stock to hold for long term. And minimum I would suggest you hold at least 10,000 Units of this stock at least.

Target Selling Price should be SGD2.50 or SGD3.00 for Long term, for the short term I think SGD1.50 should be a great selling price. As there are other counters to look at, like Golden Agri which is one of the most profitable Operating CPO Companies in Singapore.

Both Equity & Futures SIDC Exams Passed

After almost months of preparation and studying, I have finally passed my SIDC Investment Exams and is ready to apply for Dual License for both Equity and Futures at OSK Investment Bank. Here are the certs that if needed for the applications of the Licenses.

Now I just need to put in the deposit and apply for the License with both SC & Bursa.

Market might go Sideways this week

Market slighly showing weak signs as the support of 1210 for KLCI was tested today.



The Regional Market has break new highs last week and Dow Jones was closing to 10,000 to 9,917 before it pulls back down to 9600 level. Curently as I write this blog, Futures is trading at 1213.50 for Spot month. Which seems support at 1210, but if tonight US market continues to drop. The Next Support level will be 1205.



Personally I think the market is doing a slight pull back and testing the support 1210. if it doesn't break, it will go up back to 1230, and if the momentum continues to be uptrend, 1250 and 1300 is possible in the long term.



Charts shows momentum and volume and getting slighly weak due to the less than expected news from the US Economy, its not too bad, so maybe just a slight pull back.



In Summary, the current Support is at 1210 for CI and Futures, Resistance at 1225 for both.

1st Support is 1210, 2nd Support is 1205, 3rd Support 1198.
1st Resistance 1220, 2nd Resistance 1225, 3rd Resistance 1232.

Market wouldn't fall too badly as long as the Futures is still 4 or 5 points premium of the CI Index. What goes up must come down, as pull back. Also I am testing this formula that if US DJ Drops 50 points for example. our worst case Scenario for CI would be to drop about 10 points.

And if DJ Went up +50 points, our CI/Futures Index also go up maximum 10 points. That was the case when CI went up 10 points and breaks high at 1231 last week, then it soften down.

Get Ready for DJ 10,000 & KLCI 1250

After a 2 day Hari Raya Holiday, US DJ once again closed higher last week at 9829.87 and CI most likely will open higher and breaking 1224.50 higher.

It is estimate that if DJ continues to break 10,000, CI most likely will break 1250. Market looks like getting ready for another rally.



US DJ Chart sounds positive and strong uptrend for now. Nearing a peak hower, be careful when DJ reaches 10,000 and a posible pullback might occur.



KLCI & Futures Chart shows more positive and strong uptrend for now. Market might be low sentiment this week but judging by the strong uptrend, everything looks good. If you are not sure, be ready to Buy contract at lower, currently there is a strong support at 1215 and a resistance at 1225. If 1225 is Broken, we are looking at 1235 as the next Resistance.

KLCI & Futures Both Breaks New high at 1217.61 & 1221

Its has been a week since I last posted this blog and it also there isn't much to post as the market has been quite bullish uptrend as I last predicted.



It not only break the previous high of 1189.50, its now at 1221 Highest level already, which is almost 70 points up from previous support of 1150. I was very cautious with September month and I had no idea that it would be so bullish this round.



Dow Jones has broken 9700 and is just another 300 points closers to 10,000. Once it breaks 10,000, CI should break 1260 also. I am not predicting that CI will break 1260. It still all must come back to charts and trends. However, for the short term for this few days, I am still at Long Position. Do expect a slight pull back as stockastic is trending down a bit, however, there is no big crash coming yet according to the charts.

KeyNote: I notice that the last few days, the KLCI Gain Range is almost the same as the Dow Jones, example, Dow Jones was up like 56.61, so lets say KLCI was also up 5.51 = 1212.98, with Futures about 5 points premium. Which is about 5 points, 1212.98+5 = 1218 (Round Up). Futures is now about 5 point premium of KLCI, which means the market is still in bullish trend.

KLCI Futures Will Break New High 1189.50 Soon

US Dow Jones went up +96.66 due to Reduction in Job Loss Claims, however Unemployment Rate has risen to 9.7%. Market seems like on a uptrend for now. Monday will be US Labour day so Monday night US Market is Closed.



There seems to be alot of positive news from Bloomberg and the US market regarding the recovery from the US Recession.



US Dow Jones charts seems to show a starting of a Uptrend Market.



Our KLCI Charts also shows that its following US Market closely, with KLCI going on an uptrend now. MACD & Stokastic shows slight uptrend and KLCI Daily Chart shows Parabolic One Dot on Bottom so its just starting to be uptrend.



KLCI Futures Daily Chart is also showing the same thing, with the last 3 days the CI Futures Spot Month continues to Close at the Highest Point. Hence Confirms KLCI is now starting a Bullish Trend, however, do expect a pull back. I expect the KLCI futures to be breaking the Year high of 1189.50 next week. Possibly testing 1195.

KLCI ready to test above 1180

US Dow Jone went up slight +63.94 points last night. Looks like positive uptrend again this morning. Perhaps up to 1177 + 6 point = 1183.

Future highest was 1189.50, will it break higher today?



KLCI Daily Charts looks strong and on a uptrend temporary. Futures closed highest at 1177 yesterday, Good Uptrend Signal, MACD and Stokastic still on uptrend.