Saturday, November 26, 2016
Good morning ... I have a book-sharing session last night, attended by only 10-15 of them. Thanks for coming, anyway.
Let us talk a little about some big moves so far ...
DOW : Closed at new high last night ... 19152.14, crushing all the 'bear' and 'shorts'. So ... move to US markets for the BULL rally.
USD : Index about 100 level(at 101.48 now) ... up against most currencies, especially our MYR.
MYR : At lowest level vs USD as we are seeing 1USD = MYR4.50, a level which I have asked all to watch and time to reduce your exposures in KLSE. Once it breakout MYR4.50, we could see more outflow of funds from our KLSE ... and yes, our local funds would have to support our pathetic market. MYR also lowest vs SGD.
Gold : Tanked below USD1200 and into new low again ...
Soybean oil : Recovered from USD26 to USD36 level now ...
CPO : Breached 3000 level now. Do check on plantation counters.
These are few data to digest ... so, naturally ... we would move our funds out of KLSE(at least 50% of them) and to move to US-markets(I will trade that we my members next year), change our MYR into SGD or USD.
What is the next theme for 2017? Possibly ... plantation? Gloves? Furniture-stocks?
We shall see ... and I wanted to show some new-low in many stocks ... that is why CUT LOSS is very important in trading/investment, admiting mistakes and DO NOT get stuck inside.