Millionaire Trend Trader: FBM KLCI - lower on continued profit-taking

Friday, July 18, 2014

FBM KLCI - lower on continued profit-taking

Stocks on Bursa Malaysia ended lower yesterday on selling pressure in line with regional bourses despite the Dow closing at new record high. The FBMKLCI was 3.57 points or 0.19% lower at 1,883.14, after opening 0.16 of a point higher at 1,888.15, and moved between 1,879.4 and 1,888.15 throughout the day. Gainers led losers by 416 to 411 with 347 counters unchanged. Total volume fell to 2.12 billion units valued at RM2.21 billion from Wednesday’s 2.40 billion units valued at RM2.63 billion. Read more>>

1 comment:

Unknown said...: Extremely impressive blog. Regarding the KLSE Malaysia stocks and their low market level.; July 18, 2014 at 2:45 PM

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What's happening now is that the market remains trading at very thin volumes and that can affect prices, even when just a handful of shares are traded. The decision of any fund to pull out from certain stock hits the price. - Carlos Slim

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When people are frightened, they cut their time horizon dramatically, even advisors will say to sell because they see portfolios crumble and they fear people will have nothing left. It's really not rational, but it does happen. - David Dreman

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If you believe that some day it's going to happen, some day it probably will happen. You just have to make sure you're there when it's happening, and ideally you're at the front of the parade, and the principle beneficiary of when it happens, but it's not a kind of thing where you just sort of sit back and wait. - Steve Case

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The price pattern reminds you that every movement of importance is but a repetition of similar price movements, that just as soon as you can familiarize yourself with the actions of the past, you will be able to anticipate and act correctly and profitably upon forthcoming movements. - Jesse Livermore

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Before this century is over, the Dow Jones Industrial Average will probably be over one million versus around 10,000 now. So for the long-term, the outlook is tremendously bullish if you buy stocks blindly to keep for a century. - John Templeton

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If you buy all the stocks selling at or below two times earnings, you will lose money on half of them because instead of making profits they will actually lose money, but you will only lose a dollar or so a share at most. Then others will be mediocre performers. But the remaining big winners will go up and produce fabulous results and also ensure a good overall result. - John Templeton

When I'm bearish and I sell a stock, each sale must be at a lower level than the previous sale. When I am buying, the reverse is true. I must buy on a rising scale. I don't buy long stocks on a scale down, I buy on a scale up. - Jesse Livermore

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Stock market bubbles don't grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception. - George Soros

Most of the time common stocks are subject to irrational and excessive price fluctuations in both directions as the consequence of the ingrained tendency of most people to speculate or gamble... to give way to hope, fear and greed. - Benjamin Graham

The price pattern reminds you that every movement of importance is but a repetition of similar price movements, that just as soon as you can familiarize yourself with the actions of the past, you will be able to anticipate and act correctly and profitably upon forthcoming movements. - Jesse Livermore

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Friday, July 18, 2014

FBM KLCI - lower on continued profit-taking

1 comment:

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