Sunday, July 26, 2009

Using EPF to Invest into Unit Trust & KLSE Stock Market

For those of you who wish to Invest Into the Stock market thru EPF Approved Unit Trust or directly into the stock market. Please do know that you maybe do so thru Apex Investment Bank. If you are interested, please contact me at +6016-8864229 or email me at wuipin@streamyx.com.

The Market now is consider bullish and is on its recovery, the worst maybe over.




Saturday, July 25, 2009

New Highs: KLCI Futures 1166 & Dow Jones 9100

KLCI has hit a new high at 1166 and US Dow Jones has also hit 9100 Level. Market seems very bullish. How ever, beware of profit taking levels.

KLCI Futures soften down to 1150.50 yesterday after it breaks new high at 1166. Then went up to & Closed at 1157. I believe that KLCI Futures will always soften down a bit after it breaks a new high. it won't come down more than 20 points for now.



Trade using the Seller vs Buyer technique and monitor your MACD and Parabolic SAR. And take profit when u see the MACD starts to trend down.


Friday, July 17, 2009

KLCI Futures Breaks New High w Strong Uptrend



KLCI Futures has continued to break 1100 and is now at testing 1130. However, do bear in mind that KLCI has went up almost 100 points from the 1035 level.

The Current Support is at 1020 for today and resistance is at 1035.

CIT American Bank is facing bankruptcy risk and its fate will be decided within this few days. So do take note that this will affect the US Dow Jones market tonight and possible the regional trading sentiment for next week.

For those of you that are trading well, trade with stop losses and good luck.

My Current Futures Trading Indicators



Alot of people have been asking me what kind of Indicators I use. So I screen capture it and let you guys see. Straight Forward and very simple.

If you are a technical chartist, then you will know.

Friday, July 10, 2009

Side Way Trading

Morning Guys, its been 2 weeks since I updated this blog. I was away in China for a 10 Days Holiday and now even after I am back in Kuching, I have to do self quarantine for a week.

So I am only in the OSK Office by next Monday. Anyway, here is a brief summary of my view of the market. Market is now in a Consolidation Stage, following the bad unemployment report of nearly 10% for US Economy and the need of a 2nd Stimulus Package.



Market will move to a new trend after the consolidation, personally I feel the support level at this moment is 1035, and resistance at 1092. Normally July Month is a quiet & slow month, August is more active and bullish.

So therefore Buy low and Sell High. use 5 Min Chart for Day Trade, EMAC 2 & 5. Any queries, just sms me or email me. Thanks.