Watch Plantation Index Closely

Composite Index (KLCI) = Bullish 

Construction Index = Bearish 

Consumer Index = Bullish 

 Finance Index = Bullish 

Industrial Index = Bullish 

Industrial Products Index = Bullish 

Plantation Index = Bullish (Caution, might turn bearish soon)  

Property Index = Bullish

Technology Index = Bearish 

Trading And Services Index = Bullish  

The potential changes this coming week would be Plantation Index of which the GPMMA would have a close-over confirmation. Beware of plantation counters! 

Nothing Change - Weekly Global Watch

There is no changes in bullishness of weekly global financial market based on GPMMA close over method except that they are turning down (normal correction) towards GPMMA red lines.  

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

FTSE = Bullish 
DAX = Bullish 

HANG SENG = Turned Bullish 
SHANG HAI = Bearish 
NIKKEI = Bullish   
SEOUL = Bearish 
STRAITS TIMES = Bullish
TAIWAN WEIGHTED = Bullish 

KLCI = Bullish  

My Long Term Holding Stocks

Long term in Millionology means holding stocks and never sell them unless significant change in fundamental.

My long term holding stocks are :

POHKONG : Goldsmith with more than 100 branches across the country 

PWROOT : It is selling products every household would know; Alicafe, Oligo (like Milo) and 9spot (sport drink) etc 

MYEG : It is a contractor for government on making services online including payment etc. 

Most Sectors Are Bullish

Composite Index (KLCI) = Bullish 

Construction Index = Bearish 

Consumer Index = Bullish 

 Finance Index = Bullish 

Industrial Index = Bullish 

Industrial Products Index = Bullish 

Plantation Index = Bullish (Caution, might turn bearish soon) 

Property Index = Bullish

Technology Index = Bearish 

Trading And Services Index = Bullish 

There is not much changes accept that Plantation sector might turn bearish very soon given that it has broken below the red lines of GPMMA. Confirmation is needed; the purple lines (5 lines) should totally closed below the red lines. 

 

Global Markets Are Very Bullish

It looks like the stock markets are bullish globally. The followings are the details for reference :

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

FTSE = Bullish 
DAX = Bullish 

HANG SENG = Turned Bullish 
SHANG HAI = Bearish 
NIKKEI = Bullish (Confirmed Bullish based on GPMMA)  
SEOUL = Bearish 
STRAITS TIMES = Bullish 
TAIWAN WEIGHTED = Just turned Bullish 

KLCI = Bullish  

The one with significant change is Nikkei 225. The following chart speaks it all : 

Weekly Sectors Watch

How about our local different sectors in our Kuala Lumpur Stock Exchange? I will be providing weekly sectors watch from now on too.

Composite Index (KLCI) = Bullish 

Construction Index = Bearish 

Consumer Index = Bullish 

 Finance Index = Bullish 

Industrial Index = Bullish 

Industrial Products Index = Bullish 

Plantation Index = Bullish

Property Index = Bullish

Technology Index = Bearish 

Trading And Services Index = Bullish 

As you can see, there are only two sections are in the red; Construction & Technology Index. The rest of sectors are very bullish. 

Note : I am using GPMMA technical indicator for this analysis. 

Weekly Global Overview

It is time to look at our global markets.

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

FTSE = Bullish 
DAX = Bullish 

HANG SENG = Turned Bullish 
SHANG HAI = Bearish 
NIKKEI = Bearish (It is turning to bullish soon) 
SEOUL = Bearish 
STRAITS TIMES = Bullish 
TAIWAN WEIGHTED = Just turned Bullish 

KLCI = Bullish  

This week, Hang Seng, Seoul and Taiwan Weighted turned bullish indicating the bullishness of the entire market. I honestly felt uneasy thinking markets could be in a tile end considering the markets have been bullish. But feeling is one thing, technical is another. 

WE HAVE TO ACT ACCORDING TO THE TECHNICAL ANALYSIS RATHER THAN OUR FEELING. 

Weekly Global Check

A weekly global check time now:

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

FTSE = Bullish 
DAX = Bullish 

HANG SENG = Bearish (back to bearish again)   
SHANG HAI = Bearish 
NIKKEI = Bearish 
SEOUL = Bearish 
STRAITS TIMES = Bullish 
TAIWAN WEIGHTED = Bearish 
KLCI = Bullish  


With Dow Jone Industrial Averages (DJI) went up by 217 on Friday, US & Europe markets are general bullish, very bullish I would say. This left with only Asia markets are struggling. 

MYEG - Potential Cup With Handle Stock

The price of MYEG went up as high as to RM0.72 which broke us an opportunity for the Cup-with-Handle trade.

My current Cup-with-Handle stocks to watch are: 

BRIGHT 
MKH 
PWROOT 
REDTONE 
MYEG