Beginning from Last Monday till today, KLCI continues to slump down trend, breaking a few support levels due to Lower Fuel Prices & Commodity prices. Penny stocks has suffered a massive sell down.
Oil Counters have fallen almost 20% from the previous high and I advise caution on trading Penny & Speculative stocks.
Regional Market shows that US Dow Jones were down by -200 points and hence today Regional Market will suffer a slight pull back. There is not much positive signals on the charts despite news is coming out that the economy is recovering.
Be very cautious during this Consolidation Period.
KLCI Daily Charts shows that its on a downtrend for now.
Tuesday, June 23, 2009
Sunday, June 14, 2009
Bullish Regional Market Breaks New High?
Friday night US Dow Jones went up +28.34. Hopefully Monday the KLCI Will went up about 3 points also. Then it will do Sideway Trading.
Find the Support & Resistance and trade from there. Buy Low, then Sell High. I have use this tactic and have made some good money so far.
KLCI Chart still shows Bullish Sign and will be sideways during the Morning then you will see the direction in the afternoon, try not to hold any position over lunch time as Shanghai Market always affects our 2:30p.m. Opening.
Find the Support & Resistance and trade from there. Buy Low, then Sell High. I have use this tactic and have made some good money so far.
KLCI Chart still shows Bullish Sign and will be sideways during the Morning then you will see the direction in the afternoon, try not to hold any position over lunch time as Shanghai Market always affects our 2:30p.m. Opening.
Sunday, June 7, 2009
How to Start Trading Stocks & Futures?
Last Saturday I attend a Stock Market seminar at Kingwood Inn Kuching which was done by two Futures Broker from KL. The Course was quite fruitful and I learn some new stuff again. I have been appointed as the Head of the Investment & Traders Club that was formed by the course and will dedicated myself to help the follow course mates to learn more about Trading Stocks & Futures.
Here are a few things that you need in order to start Trading Stocks & Futures.
1. Some Trading capital. Don't trade too small and don't trade too big. Trade with Capital that you can spare.
2. Find a good Equity/Futures Dealer that can really give you good service. Don't bother about the cheap commission that they can offer you. What we want in the end of the day is quality service and good advise. Not someome that's has 2000 customers and too busy to even give you good advice.
3. A Notebook that you can easily carry around with 3G Mobile Connection easier for you to trade or share trading skills. A USB Thumb Drive to copy important notes and information.
4. Charting Softwares like Metastock, with End of Day Data for Equities. OSK188 OMS is free and live but however, you can't do formula sorting with it as its just a Chart Viewing Software. NextView & Telequote is the best tool available for charting.
5. Day Traders will need NextView or Telequote as they are very important to chartist doing trend plotting and finding Resistance and Supports.
6. When they market is trading sideways, take a break and see how it goes in the afternoon. Too much frequent of in and out will burden you with Transaction Cost.
For those of you that is interested to join our Traders & Investment Club, please sms me at +6016-8762848 or email/msn me at wuipin@streamyx.
Wish you all happy trading in the days to come.
Here are a few things that you need in order to start Trading Stocks & Futures.
1. Some Trading capital. Don't trade too small and don't trade too big. Trade with Capital that you can spare.
2. Find a good Equity/Futures Dealer that can really give you good service. Don't bother about the cheap commission that they can offer you. What we want in the end of the day is quality service and good advise. Not someome that's has 2000 customers and too busy to even give you good advice.
3. A Notebook that you can easily carry around with 3G Mobile Connection easier for you to trade or share trading skills. A USB Thumb Drive to copy important notes and information.
4. Charting Softwares like Metastock, with End of Day Data for Equities. OSK188 OMS is free and live but however, you can't do formula sorting with it as its just a Chart Viewing Software. NextView & Telequote is the best tool available for charting.
5. Day Traders will need NextView or Telequote as they are very important to chartist doing trend plotting and finding Resistance and Supports.
6. When they market is trading sideways, take a break and see how it goes in the afternoon. Too much frequent of in and out will burden you with Transaction Cost.
For those of you that is interested to join our Traders & Investment Club, please sms me at +6016-8762848 or email/msn me at wuipin@streamyx.
Wish you all happy trading in the days to come.
Saturday, June 6, 2009
CI & Futures Break New High, but US Dow Jones only up +12.89pts last night.
After Dow Jones went up +79 points, and breaks new high. KLSE & KLCI Spot Month Index Opened Higher and was side way on Friday morning. However, KLSE & KLCI Was very bullish in the afternoon. KLCI Closed High at 1075.50 with a volume of over RM2 Billion. KLCI Futures closed at 1076.6 after hit new high at 1079.
KLCI Futures shows alot of signs of Bullish, however, due to the Slight up of only +12 point for Dow Jones, I think Monday morning will just be another Sideway Morning. Hence I will take profit 1st then wait for any signs of breaking the 1080 resistance before I long or Short Futures.
Morning Session we will need to watch Shanghai and HSI Index Trend, afternoon maybe US Dow Jones Futures & European Markets.
Wish you all the best of Luck on your Monday Trading.
KLCI Futures shows alot of signs of Bullish, however, due to the Slight up of only +12 point for Dow Jones, I think Monday morning will just be another Sideway Morning. Hence I will take profit 1st then wait for any signs of breaking the 1080 resistance before I long or Short Futures.
Morning Session we will need to watch Shanghai and HSI Index Trend, afternoon maybe US Dow Jones Futures & European Markets.
Wish you all the best of Luck on your Monday Trading.
Thursday, June 4, 2009
Sideway Trading for 3 days.
The past 3 days has been side way trading for 3 Days. With Support Level at 1051 and Resistance Level at 1075 (Highest Level for Futures for 2009).
Today Futures Close at 1068, touching 1068.50 highest today.
It open low at 1051, due to the drop of US Dow Jones Last night.
It has came to a fact that the US Dow Jones Market will definitely effect the opening price of KLCI Futures. Last night US Dow Jones went down 69 points, but Futures was only down by 3 points and then open up high to 1068.50 after a whole morning of Side way between 1054 to 1058.
I long 1 Contract at 1068.00 today after seeing US Dow Jones Futures & European market was positive. Will Take profit at 8:45a.m. tomorrow morning if the market goes up in my favour.
I tend to try 1 over night position depending on the US Futures & European Market Indices. So wish us all the best of Luck.
Today Futures Close at 1068, touching 1068.50 highest today.
It open low at 1051, due to the drop of US Dow Jones Last night.
It has came to a fact that the US Dow Jones Market will definitely effect the opening price of KLCI Futures. Last night US Dow Jones went down 69 points, but Futures was only down by 3 points and then open up high to 1068.50 after a whole morning of Side way between 1054 to 1058.
I long 1 Contract at 1068.00 today after seeing US Dow Jones Futures & European market was positive. Will Take profit at 8:45a.m. tomorrow morning if the market goes up in my favour.
I tend to try 1 over night position depending on the US Futures & European Market Indices. So wish us all the best of Luck.
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