Aug 2009 to December 2009- Rubber stocks climb and advance eg topglove, rubberex - synthetic rubber cost more than natural rubber . Thus tyre makers change to use natural rubber to manufacturer tyre. Other rubberbase manufacturer also resort to use cheaper natural rubber.
Nov 2009 to December 2009- Semiconductor stocks climbing eg unisem, mpi , gtronic. Well , computer old stock cleared- new order of semiconductor material to produce new computers, Win 7 solve Win Vista problem, Intel report profit.
Jan 2010 - fund manager will buy stocks and relocate their stocks on early of each year( first quarter)and stock will see some climbing. Some say new year rally or Chinese New Year rally.
Mid of Jan 2010- profit taking for Chinese New Year. usually happen 1 or 2 weeks before CNY.
Feb 2010 - bad, all run like chicken esp on speculative stocks
Mac 2010 - Index link stock climb .KLCI up 12 points on 3 Mac 2010 with high volume 1.05 billion share traded( strength shown in volume)but 398 counters down, 355 counters up- market is unsure, cannot see the trend
2 Mac 2010 KLCI up 4.6 to 1288 with 839 million share traded, Decliners 405 , Advancers 323 counter. KLCI index related stock perform but low liners still struggling- trend still unclear. Retailers still stay watch and see
3 Mac 2010 KLCI down 1.9 points with 863 million share traded, Decliners lead advancer with 402 decliner and 294 advancer. Still no confident on the market
4 Mac 2010 KLCI down 2 points with 726 million share traded, Decliners lead advancer with 385 decliner and 281 advancer. Still no confident on the market and hazy. Punters start hit on CIMB after it announce 1 to 1 bonus issue.
5 Mac 2010 KLCI up 15 points to 1299!with 941 million share traded . Advancer lead decliner by 547 to 194. Retail participate in the market. Trend start bullish with KLCI break its resistance
8 Mac 2010 KLCI up 24 points to 1324!with 1.16 billion share traded . Advancer lead decliner by 583 to 194. Retail participate in the market. This is confirmation KLSE is bullish again. Finance share shoot up by 300 points . Of cos la..BLR going to increase.Bank will earn more.
9 Mac 2010 KLCI down 6 points due to profit taking with 797 million share traded. Decliner lead advancer by 455 to 253 counter. This is expected as Monday was a gap up and profit taking will happen
10 Mac 2010 KLCI up 10 points at 1328 with 934 million share traded. Advancer lead decliner by 451 to 292 counters. 1328 is 2 year high on KLCI.Market bullish.But just be careful. Got a feeling KLCI is high already and not convince for the recent hike lately.
Bullish for how long? Only god know. Do remember World Cup in June will have effect on share market. As for now, take profit for short term play.
Just share my humble view on basic and trend of KLCI. Speculator will generally look at the KLCI, volume , Advancer and Decliner before enter market. As a general rule volume with 50 million share or below is consider 'no strength'
I can be wrong.
Any professional view or comments are most welcome
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