A Reminder Of Why I Bought Poh Kong

It has been a while since I bought Poh Kong (sometimes in April 2012 after the Millionology seminar in Miri) and my buy price was RM0.56 in average. The price fall ever since till today at RM0.46. I lost RM0.10 which is 17.86%. I was thinking to sell this stock at one point. 

My friend sent me the following link from Len Yang ( 冷眼) : 
http://www.oomoney.com/cold_eye/cold_eye_collection/gold_shop/  

The information from the link strengthen my holding of Poh Kong. 

As Weird As It May Be - KLCI

Composite Index (KLCI) = Bullish (This week turned Bullish)

1. Construction Index = Bearish
2. Consumer Index = Bearish (Turning Bullish Soon)
3. Finance Index = Bullish
4. Industrial Index = Bearish
5. Industrial Products Index  = Bearish
6. Plantation Index = Bearish
7. Property Index = Bearish 
8. Technology Index = Bearish  
9. Trading And Services Index = Bullish (This week turned Bullish) 

It is weird that majority of our sector indexes are bearish when KLCI has already been bullish. 2 out of  9 sectors are bullish when Consumer Index will be turning bullish in the coming week. 
I guess we should look at Financial sector, Trading & services sector and Consumer sector for stock trading. 

Note : I am using GPMMA (Guppy Multiple Moving Averages) for the above analysis. For more information, please check out : http://gpmma.blogspot.com/2012/11/gpmma.html

Gobally Bullish - All Indexes

DOW JONE = Bullish 

NASDAQ = Bullish
S&P 500 = Bullish 

FTSE = Bullish

DAX = Bullish 

HANG SENG = Bullish
SHANG HAI = Bullish 

NIKKEI225 = Bullish
SEOUL = Bullish
TRAITS TIMES = Bullish
TAIWAN WEIGHTED = Bullish

Jakarta Composite Index = Bullish
KLCI = Bullish 

Charts never lie. What else can I say? It is year end rally. All indexes are bullish.  

Note : I am using GPMMA (Guppy Multiple Moving Averages) for the above analysis. For more information, please check out : http://gpmma.blogspot.com/2012/11/gpmma.html 

Again Remained No Change

Composite Index (KLCI) = Bullish (This week turned Bullish)

1. Construction Index = Bearish
2. Consumer Index = Bearish
3. Finance Index = Bullish
4. Industrial Index = Bearish
5. Industrial Products Index  = Bearish
6. Plantation Index = Bearish
7. Property Index = Bearish 
8. Technology Index = Bearish
9. Trading And Services Index = Bearish
Malaysia sectors remain the same with Finance Index remaining Bullish and of course KLCI is in Bullish mode. Honestly, I don't get it why KLCI turned bullish yet almost all of the sectors are Bearish. 

All Markets Are Bullish

DOW JONE = Bullish (This week turned Bullish)

NASDAQ = Bullish (This week turned Bullish)
S&P 500 = Bullish (Turned Bullish This Week) 

FTSE = Bullish

DAX = Bullish 

HANG SENG = Bullish
SHANG HAI = Bullish (This week turned Bullish)

NIKKEI225 = Bullish
SEOUL = Bullish
TRAITS TIMES = Bullish
TAIWAN WEIGHTED = Bullish

Jakarta Composite Index = Bullish
KLCI = Bullish (This week turned Bullish) 

There are four markets turned bullish this week making the whole of above in Bullish mode. The markets have high potential of heading higher. Let's see

No Change In Sectors Market Condition

Composite Index (KLCI) = Bearish

1. Construction Index = Bearish
2. Consumer Index = Bearish
3. Finance Index = Bullish
4. Industrial Index = Bearish
5. Industrial Products Index  = Bearish
6. Plantation Index = Bearish
7. Property Index = Bearish 
8. Technology Index = Bearish
9. Trading And Services Index = Bearish 

There is no change in Malaysia market condition where Finance Index is the only section remains bullish. 

S&P500 Also Turned Bullish

DOW JONE = Bearish

NASDAQ = Bearish
S&P 500 = Bullish (Turned Bullish This Week) 

FTSE = Bullish

DAX = Bullish 

HANG SENG = Bullish
SHANG HAI = Bearish (Might Turn Bullish Soon)

NIKKEI225 = Bullish
SEOUL = Bullish
TRAITS TIMES = Bullish
TAIWAN WEIGHTED = Bullish

Jakarta Composite Index = Bullish
KLCI = Bearish 

S&P500 turned Bullish while ShangHai Index is turning Bullish soon. The rest remain. It is obvious that the markets are turning bullish soon. It could be due to "year end effect".

Finance Index Is The Only Bullish Sector

Composite Index (KLCI) = Bearish

1. Construction Index = Bearish
2. Consumer Index = Bearish
3. Finance Index = Bullish
4. Industrial Index = Bearish
5. Industrial Products Index  = Bearish
6. Plantation Index = Bearish
7. Property Index = Bearish (Turned Bearish This Week)
8. Technology Index = Bearish
9. Trading And Services Index = Bearish 

There is only 1 Sector ; Finance Index remaining Bullish out of 9 Sectors. This is not good actually. We just have to bare in mind when trading or investing. 

3 Markets Turned Bullish

DOW JONE = Bearish

NASDAQ = Bearish
S&P 500 = Bearish

FTSE = Bullish

DAX = Bullish 

HANG SENG = Bullish
SHANG HAI = Bearish

NIKKEI225 = Bullish
SEOUL = Bullish (Turned Bullish This Week)
TRAITS TIMES = Bullish (Turned Bullish This Week Too)
TAIWAN WEIGHTED = Bullish (Turned Bullish This Week)

Jakarta Composite Index = Bullish
KLCI = Bearish 

 

There are 3 markets turned bullish this week ; Seoul , Straits Times Index and Taiwan Weighted Index which left Shang Hai Index and KLCI remaining at Bearish Mode in Asia. 

 

  

Composite Index (KLCI) = Bearish

1. Construction Index = Bearish (Back to Bearish again)
2. Consumer Index = Bearish
3. Finance Index = Bullish
4. Industrial Index = Bearish
5. Industrial Products Index  = Bearish
6. Plantation Index = Bearish
7. Property Index = Bullish
8. Technology Index = Bearish
9. Trading And Services Index = Bearish 

Construction Index turned Bearish again this week which makes it 7 out of 9 sectors are Bearish now. 

Note : I am using GPMMA (Guppy Multiple Moving Averages) for the above analysis. For more information, please check out : http://gpmma.blogspot.com/2012/11/gpmma.html

FTSE Turned Bullish. The Rest Remained

DOW JONE = Bearish

NASDAQ = Bearish
S&P 500 = Bearish

FTSE = Bullish (Back to Bullish again)

DAX = Bullish 

HANG SENG = Bullish
SHANG HAI = Bearish

NIKKEI225 = Bullish
SEOUL = Bearish
TRAITS TIMES = Bearish
TAIWAN WEIGHTED = Bearish 

Jakarta Composite Index = Bullish
KLCI = Bearish 

FTSE turned Bullish this week. US stock market rebounded strongly last week but they are still in bearish mode using GPMMA. There was no change in Asia markets. 

Note : I am using GPMMA (Guppy Multiple Moving Averages) for the above analysis. For more information, please check out : http://gpmma.blogspot.com/2012/11/gpmma.html

Buy Salcon 20,000 at RM0.46

Stock Name : Salcon (8567)
Date Of Purchase : 22 Nov 2012
Purchased Price : RM 0.46
Quantity : 20,000
Reason To Buy :
1. MACD Divergent With The Price : There is a divergent between MACD and the price. The low of MACD is heading higher despite the price has been lower.
2. GPMMA is bullish now
3. Quarterly result play potential. We have two months (Oct 2012 & Nov 2012) to wait and see it there is 'good' news. The Sept 2012 Quarterly result will have to be out by Nov 2012)

Bearish Sectors Increasing

Composite Index (KLCI) = Bearish (It turned Bearish this week) 

1. Construction Index = Bullish 
2. Consumer Index = Bearish (It turned Bearish again this week) 
3. Finance Index = Turned Bullish Again
4. Industrial Index = Bearish
5. Industrial Products Index  = Bearish (It was back to Bearish agin this week) 
6. Plantation Index = Bearish (Broke Recent Low) 
7. Property Index = Turned Bullish Again 
8. Technology Index = Bearish (Broke Recent Low) 
9. Trading And Services Index = Bearish 

Six out of nine sectors are bearish. With KLCI also turned bearish, the whole market of Bursa Malaysia is not looking good. Moreover, despite the recent low of KLCI remained higher than the previous low, the low of MACD is getting low (a bearish divergent emerged). There is high chance that the market could head lower. 

Note : I am using GPMMA (Guppy Multiple Moving Averages) for the above analysis. For more information, please check out : http://gpmma.blogspot.com/2012/11/gpmma.html

Nikkei Bullish & KLCI Bearish

DOW JONE = Bearish

NASDAQ = Bearish
S&P 500 = Bearish

FTSE = Bearish 

DAX = Bullish 

HANG SENG = Bullish
SHANG HAI = Bearish

NIKKEI225 = Bullish (Rebounded strongly and turnd Bullish) 
SEOUL = Bearish
TRAITS TIMES = Bearish
TAIWAN WEIGHTED = Bearish 

Jakarta Composite Index = Bullish
KLCI = Bearish (This week turned Bearish) 

There are major change in the market this week; Nikkei225 turned bullish very strongly and KLCI turned bearish with 14 trading days straight down. 

Note : I am using GPMMA (Guppy Multiple Moving Averages) for the above analysis. For more information, please check out : http://gpmma.blogspot.com/2012/11/gpmma.html

Industrial And Trading & Services Index Turned Bearish This Week

Composite Index (KLCI) = Bullish 

1. Construction Index = Just Turn Bullish 
2. Consumer Index = Turn Bullish Now 
3. Finance Index = Turned Bullish Again
4. Industrial Index = Bearish (This week turned Bearish) 
5. Industrial Products Index  = Turn Bullish Again
6. Plantation Index = Bearish (Broke Recent Low) 
7. Property Index = Turned Bullish Again 
8. Technology Index = Bearish (Broke Recent Low) 
9. Trading And Services Index = Bearish (This week turned Bearish) 

Industrial Index and Trading & Services Index turned Bearish this week making it 4 out of 9 sector indexes are in bearish mode. With global markets turning bearish one after another, the future is not looking bright.

Note : I am using GPMMA (Guppy Multiple Moving Averages) for the above analysis. For more information, please check out : http://gpmma.blogspot.com/2012/11/gpmma.html

Only Three Markets Remain bullish

DOW JONE = Bearish

NASDAQ = Bearish
S&P 500 = Bearish

FTSE = Bearish (This week turned Bearish) 

DAX = Bullish (About to turn Bearish) 

HANG SENG = Bullish
SHANG HAI = Bearish

NIKKEI225 = Bearish (This week also turned Bearish)
SEOUL = Bearish
TRAITS TIMES = Bearish
TAIWAN WEIGHTED = Bearish 

Jakarta Composite Index = Bullish
,KLCI = Bullish 

FTSE turned bearish this week and DAX will turn bearish soon. US market is obvious in bearish mode. While there are only three market remain bullish in Asia ; Hang Seng, Jakarta and KLCI. Watch Out! 

Note : I am using GPMMA (Guppy Multiple Moving Averages) for the above analysis. For more information, please check out : http://gpmma.blogspot.com/2012/11/gpmma.html

So Far So Good - Sectors Watch

Composite Index (KLCI) = Bullish 

1. Construction Index = Just Turn Bullish 
2. Consumer Index = Turn Bullish Now 
3. Finance Index = Turned Bullish Again
4. Industrial Index = Turn Bullish Too  
5. Industrial Products Index  = Turn Bullish Again
6. Plantation Index = Bearish (Broke Recent Low) 
7. Property Index = Turned Bullish Again 
8. Technology Index = Bearish (Broke Recent Low) 
9. Trading And Services Index = Bullish 

No changes again for this week of Malaysia share market in terms of all the indexes in difference sectors. 

S&P 500 And STI Turned Bearish

DOW JONE = Bearish

NASDAQ = Bearish
S&P 500 = Confirmed Bearish This Week

FTSE = Bullish (Sideways) 

DAX = Bullish (Sideways)

HANG SENG = Bullish
SHANG HAI = Bearish

NIKKEI225 = Bullish (Sideways)
SEOUL = Bearish
TRAITS TIMES = Confirmed Bearish This Week
TAIWAN WEIGHTED = Bearish 

Jakarta Composite Index = Bullish
,KLCI = Bullish 

This week, S&P 500 turned bearish and also Straits Time Index. The rest remain the same. 

Nothing Change For KLCI In Different Sectors

There was no change in terms of market condition for KLCI in different sectors; 7 sectors are bullish while 2 sectors remain bearish (Plantation and Technology Index). 

US Market Effected By Election & Hurricane

DOW JONE = Confirmed Bearish
NASDAQ = Bearish
S&P 500 = Bullish (About to turn bearish)

FTSE = Bullish 

DAX = Bullish 

HANG SENG = Bullish

SHANG HAI = Bearish (Rebounded) 

NIKKEI225 = Bullish but looks sideways 
SEOUL = Confirmed Bearish
TRAITS TIMES = Bullish 

TAIWAN WEIGHTED = Bearish 

Jakarta Composite Index = Bullish 
KLCI = Bullish

It is obvious US market is in the red. Maybe it is due to the coming election and hurricane. Asian markets and Europe markets are doing fine. 

Construction Index Turned Bullish

Composite Index (KLCI) = Bullish 

1. Construction Index = Just Turn Bullish 
2. Consumer Index = Turn Bullish Now 
3. Finance Index = Turned Bullish Again
4. Industrial Index = Turn Bullish Too  
5. Industrial Products Index  = Turn Bullish Again
6. Plantation Index = Bearish (Broke Recent Low) 
7. Property Index = Turned Bullish Again 
8. Technology Index = Bearish (Broke Recent Low) 
9. Trading And Services Index = Bullish 

Construction Index turned bullish this week remaining Plantation Index and Technology Index still in bearish territory. 

US Stocks Market Might Turn Bearish Soon

DOW JONE = Bullish (About to turn beariish)
NASDAQ = Turned Bearish
S&P 500 = Bullish (About to turn bearish too)

FTSE = Bullish
DAX = Bullish

HANG SENG = Bullish

SHANG HAI = Bearish (Rebounded)
NIKKEI225 = Just Turned Bullish but looks sideways) 
SEOUL = Bullish (About to turn bearish)
STRAITS TIMES = Bullish
TAIWAN WEIGHTED = Turned Bearish
Jakarta Composite Index = Bullish
KLCI = Bullish

Nasdaq and Taiwan Weighted Index turned bearish this week. Dow Jone, S&P 500 and Seoul are about to turn bearish. 
Nikkei225 turned bearish. With the chart pattern, it looks like Nikkei225 is in sideways. 

Two More Sectors Turned Bullish

Composite Index (KLCI) = Bullish 

1. Construction Index = Bearish 
2. Consumer Index = Turn Bullish Now 
3. Finance Index = Turned Bullish Again
4. Industrial Index = Turn Bullish Too  
5. Industrial Products Index  = Turn Bullish Again
6. Plantation Index = Bearish (Broke Recent Low) 
7. Property Index = Turned Bullish Again 
8. Technology Index = Bearish (Broke Recent Low) 
9. Trading And Services Index = Bullish 

Consumer Index and Industrial Index joint the bandwagon tuning bullish now making 6 bullish sectors out of the total 9 sectors. 
Construction Index, Plantation Index and Technology Index remain bearish. 

Note : As you all would know, I am using GPMMA technical analysis for deciding on the above market condition. Please check my previous post for GPMMA details. 

So Far So Good - Global Market

DOW JONE = Bullish
NASDAQ = Bullish
S&P 500 = Bullish

FTSE = Bullish
DAX = Bullish

HANG SENG = Bullish

SHANG HAI = Bearish (Rebounded)
NIKKEI225 = Bearish (Rebounded)
SEOUL = Bullish
STRAITS TIMES = Bullish
TAIWAN WEIGHTED = Bullish
Jakarta Composite Index = Bullish (All Time High)

KLCI = Bullish (Similar to Jakarta CI, at all time High area) 

There is no change in market condition. Shang Hai Index and Nikkei225 Index are rebounding.
DowJone downed 205.431 points (-1.516%) on Friday which might stir the down fall of the entire global market. As usual, we have to keep an eye on the movement for coming week. 

Three Sectors Turned Bullish Again

Composite Index (KLCI) = Bullish 

Construction Index = Bearish 
Consumer Index = Bearish 
Finance Index = Turned Bullish Again
Industrial Index = Bearish 
Industrial Products Index  = Turn Bullish Again

Plantation Index = Bearish (Broke Recent Low) 
Property Index = Turned Bullish Again
Technology Index = Bearish (Broke Recent Low) 
Trading And Services Index = Bullish 
Sectors turned bullish are 1) Finance Index, 2) Industrial Products Index  and 3) Property Index.

Sectors broken new low are 1) Plantation Index and 2) Technology Index. It is important not to trade those stocks which are in the broken new low index like the two above. Take Care.

JCI & KLCI Are In All Time High Area

DOW JONE = Bullish
NASDAQ = Bullish
S&P 500 = Bullish

FTSE = Bullish
DAX = Bullish

HANG SENG = Bullish

SHANG HAI = Bearish
NIKKEI225 = Bearish (Back to Bearish Again)
SEOUL = Bullish
STRAITS TIMES = Bullish
TAIWAN WEIGHTED = Bullish
Jakarta Composite Index = Bullish (All Time High)

KLCI = Bullish (Similar to Jakarta CI, at all time High area) 

There is no change in market condition globally. What is worth to be mention is Jakarta Composite Index (JCI) and Kuala Lumpur Composite Index (KLCI) are both in all time high area. As you would know, our local different sectors are not doing as well as our KLCI. 

Trading And Services Index Turned Bullish Again

Composite Index (KLCI) = Bullish 

Construction Index = Bearish 
Consumer Index = Bearish Confirmed
Finance Index = Bearish Confirmed 
Industrial Index = Bearish 
Industrial Products Index  = Bearish
Plantation Index = Bearish 
Property Index = Bearish 
Technology Index = Bearish 
Trading And Services Index = Bullish (It reversed to bullish again) 

Trading And Services Index turned bullish again and broke old time high just like Composite Index (KLCI). The rest of sectors are still bearish. 

Weekly Update - Nikkei225 Turn Bearish

DOW JONE = Bullish
NASDAQ = Bullish
S&P 500 = Bullish

FTSE = Bullish
DAX = Bullish

HANG SENG = Bullish

SHANG HAI = Bearish
NIKKEI225 = Bearish (Back to Bearish Again)
SEOUL = Bullish
STRAITS TIMES = Bullish
TAIWAN WEIGHTED = Bullish
Jakarta Composite Index = Bullish (Broke New High)

KLCI = Bullish (Broke New High Too)

There is not much changed accept that Nikkei225 turned bearish again. 

Malaysia Are In RED!

Composite Index (KLCI) = Bullish 

Construction Index = Bearish 
Consumer Index = Bearish Confirmed
Finance Index = Bearish Confirmed 
Industrial Index = Bearish 
Industrial Products Index  = Bearish
Plantation Index = Bearish 
Property Index = Bearish 
Technology Index = Bearish 
Trading And Services Index = Bearish (It turned bearish but bounced back, follow closely coming week)
 
It is disappointing to see all sectors are now bearish with Trading And Service Index having chance of bouncing back to bullish mode. I have nothing to say except that our stocks holding into Malaysia counters should be kept in the minimum. I strongly believe in technical specially GPMMA. 

Global Weekly Are Still Bullish

DOW JONE = Bullish 

NASDAQ = Bullish 
S&P 500 = Bullish 

FTSE = Bullish 
DAX = Bullish 

HANG SENG = Reversed To Bullish Again 

SHANG HAI = Bearish 
NIKKEI225 = Bullish (Back to Bullish) 
SEOUL = Bullish 
STRAITS TIMES = Bullish
TAIWAN WEIGHTED = Bullish
Jakarta Composite Index = Bullish 

KLCI = Bullish 

The global markets are still bullish. All GPMMA of global indexes are bullish. We just have to stay with it till GPMMA turns. We should not use our opinion to effect our trading decision. We might think that the market is too high but the truth is all GPMMA of all indexes globally are bullish. 

Weekly Sectors - More Bearish Now

Composite Index (KLCI) = Bullish  

Construction Index = Bearish 

Consumer Index = Bullish (It is turning bearish soon) 

 Finance Index = Bullish 

Industrial Index = Bearish Just Confirmed 

Industrial Products Index  = Bearish

Plantation Index = Bearish ( Confirmed Bearish ) 

Property Index = Bearish Just Confirmed 

Technology Index = Bearish 

Trading And Services Index = Bullish 

Stock markets of all sectors are slowing turning bearish. The bullish sectors remained only 4 sectors out of 10. Global stock markets are very bullish and we are heading downwards. This is not good. 

Weekly Global Watch - No Change

DOW JONE = Bullish 

NASDAQ = Bullish 
S&P 500 = Bullish 

FTSE = Bullish 
DAX = Bullish 

HANG SENG = Reversed To Bullish Again 

SHANG HAI = Bearish 
NIKKEI225 = Bullish (Back to Bullish) 
SEOUL = Bullish 
STRAITS TIMES = Bullish
TAIWAN WEIGHTED = Bullish
Jakarta Composite Index = Bullish 

KLCI = Bullish 

There is no change in market condition where ShangHai Composite Index is the only index in bearish mode. It looks like the markets could head higher considering the row out of QE3 by Federal Reserve Of United States. With more money pouring in the market, inflation for sure with kick in. 

6 Sectors Are Bearish Now

Composite Index (KLCI) = Bullish  

Construction Index = Bearish 

Consumer Index = Bullish ( ALL TIME HIGH ) 

 Finance Index = Bullish 

Industrial Index = Bearish Just Confirmed 

Industrial Products Index = Bearish Just Confirmed

Plantation Index = Bearish ( Confirmed Bearish ) 

Property Index = Bearish Just Confirmed 

Technology Index = Bearish 

Trading And Services Index = Bullish 

It is obvious there 3 sectors turned bearish this week making it 6 bearish sectors in total (see the above). Considering the bullish of the global markets including our KLCI, I am still holding my stocks. 

Hang Seng Index Also Turned Bullish - Global Market Watch

DOW JONE = Bullish 

NASDAQ = Bullish 
S&P 500 = Bullish 

FTSE = Bullish 
DAX = Bullish 

HANG SENG = Reversed To Bullish Again 

SHANG HAI = Bearish 
NIKKEI225 = Bullish (Back to Bullish) 
SEOUL = Bullish 
STRAITS TIMES = Bullish
TAIWAN WEIGHTED = Bullish
Jakarta Composite Index = Bullish 

KLCI = Bullish 

Global markets are moving up for the last one week. They are all bullish. Hang Seng Index has also turned bullish again (refer to the chart). 

So Far So Good - Sectors Weekly Watch

Composite Index (KLCI) = Bullish  

Construction Index = Bearish 

Consumer Index = Bullish ( ALL TIME HIGH ) 

 Finance Index = Bullish 

Industrial Index = Bullish (Watch Out!) 

Industrial Products Index = Bullish (Watch Out!) 

Plantation Index = Bearish ( Confirmed Bearish ) 

Property Index = Bullish

Technology Index = Bearish 

Trading And Services Index = Bullish 

 

It was really scary to the plunge of KLCI for the week. Looking at the chart based on GPMMA, there is not sell confirmation yet. We have to wait patiently and see carefully. 

Plantation Index is now in bearish mode with purple 5 lines totally closed below the 5 red lines. 

Industrial Index and Industrial Products Index are in high potential close over to bearish mode. We have to watch very closely. 

Globally , Markets Are Bullish

DOW JONE = Bullish 

NASDAQ = Bullish 
S&P 500 = Bullish 

FTSE = Bullish 
DAX = Bullish 

HANG SENG = Just Turned Bearish 

SHANG HAI = Bearish 
NIKKEI225 = Bullish (Price closed below red lines but no confirmation yet) 
SEOUL = Bullish 
STRAITS TIMES = Bullish
TAIWAN WEIGHTED = Bullish
Jakarta Composite Index = Bullish 

KLCI = Bullish 

Hang Seng Index confirmed bearish now. It is obvious that global markets are very bullish (only Hang Seng and Shag Hai index are bearish). I honestly feel that the markets are way over bought but the charts show otherwise.