Year 2007 was passed; it was a fruitful year for the KLCI in terms of percentage gain. CI gained a hefty sum of 348.79 points or 31.82% year-on-year to close at 1445.03. In fact our KLCI is the only index in the region that closed the year at near the year high or the all time record high of 1452.57 (up till 31-12-2007). Cheers, and thanks to the effort of the hidden magic hand. CI has shown a good performance, what about you? Did you perform as well? During year end everyone was on holiday mood, including the market. But that was actually the good time to take inventory and run a post mortem of one's own performance for the year. Trading is a journey where learning is never ending. The key to successful trading is to improve on one's skill and weakness after every trade. Hence, a post mortem and evaluation is essential if one wants to make money out of the market. Also very important is reading, if one wants to do well in trading or investing, knowledge is very-very important. There are plenty of good books in the bookstores, do invest some money in books, but make sure you buy and read it. The problem with most Malaysian is they don’t like to read, they just want something quick and easy, that’s why those seminars that promises huge return with a no brainy method on trading still attracts large crowd. As a New Year gift to all my readers, I’ll present you an eBook titled “How I make 2 Million Dollars in the Stock Market” free, just send an email to trendmaster77@gmail.com. What’s your plan for 2008? Just continue trading and lose money as before? Or you have determined to make a change to do better. As the saying goes, “Those without a plan to succeed are planning to fail”. I hope you are not. The first week of 2008 started with profit taking on the first trading day, but ended the week on record high with CI closing at 1466.67, a glittering performance, thanks to the plantation stocks’ gain as a result of crude oil hitting a record USD100 per barrel which sparkle the run on CPO. Apart from that, the hefty 0.60 gain on TM also contributed greatly to CI’s gain. At the same time, our Ringgit also hit a 10 years record high of 3.28 to a Dollar. Volume traded also improves to 942 million shares on Friday. Hopefully, this will spark off a run before Chinese New Year.
On the other side, the DJI is not looking too good with the index closing below the 200 days long term MA. Looks like DJI may test the critical support at 12,500 points soon.
Some of the stocks to watch: SIME, IOICORP, ASIATIC, KLK, KRETAM, TM
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