Millionaire Trend Trader: August 2020

Friday, August 28, 2020

FBM KLCI - higher snapping three days of decline

Stocks on Bursa Malaysia ended mixed yesterday on mild profit-taking, interspersed with bargain hunting in most lower liners, while the FBMKLCI closed higher, snapping three consecutive days of declines, Read more >>

Thursday, August 27, 2020

FBM KLCI - down for the third consecutive day

Stocks on Bursa Malaysia closed mixed yesterday on persistent profit-taking in selected heavyweights led by finance-linked stocks, Read more>>

Wednesday, August 26, 2020

FBM KLCI - lower weighed down by glove makers

Stocks on Bursa Malaysia closed lower yesterday as profit-taking in selected heavyweights led by glove-maker stocks dragged the benchmark FBMKLCI further down. Read more >>

Tuesday, August 25, 2020

FBM KLCI - lower dragged down by banking stocks

Stocks on Bursa Malaysia closed on a mixed note yesterday with the benchmark FBMKLCI underperformed the broader market, due to bargain hunting in the lower liners, interspersed with profit-taking in selected heavyweights, led by finance stocks amidst fresh catalysts. Read more >>

Monday, August 24, 2020

FBM KLCI - likely to move sideways range-bound with an upward bias

Stocks on Bursa Malaysia closed broadly higher last Friday on persistent buying support in index-linked counters, led by glove maker and healthcare stocks, helped to push the benchmark FBMKLCI to end the week in the positive territory, Read more >>

Friday, August 21, 2020

FBM KLCI - likely to stay in range-bound consolidation

Stocks on Bursa Malaysia closed broadly higher on Wednesday while the benchmark FBMKLCI gave up earlier gains to close slightly lower on profit-taking, against the backdrop of mixed regional markets Read more >>

Wednesday, August 19, 2020

FBM KLCI - rebounded to close higher led by glove makers

Stocks on Bursa Malaysia bucked the regional trend to close in a firm note yesterday, with the benchmark FBMKLCI ended at its intraday-high, spurred by strong rally in Top Glove and Hartalega after a final hour jump, Read more>>

Tuesday, August 18, 2020

FBM KLCI - lower dragged down by continuous selling in glove maker stocks

Stocks on Bursa Malaysia closed lower yesterday, with selling mostly in selected heavyweights led by Top Glove and Hartalega, amid mixed regional peers, Read more >>

Monday, August 17, 2020

FBM KLCI - likely to stay in range-bound consolidation amid lack of catalyst

Stocks on Bursa Malaysia ended lower last Friday on continued selling pressure across the board as investors weighed Malaysia’s second quarter gross domestic product (GDP) data which contracted 17.1 per cent, Read more >>

Friday, August 14, 2020

FBM KLCI - rebounded to close at intraday high

Stocks on Bursa Malaysia closed broadly higher yesterday with the benchmark FBMKLCI ended at its intraday high as the market recovered from four days of consolidation on bargain hunting across the board, Read more >>

Thursday, August 13, 2020

FBM KLCI - lower on continued profit-taking as vaccine hope prompts selldown in glove maker stocks

Stocks on Bursa Malaysia extended Tuesday’s losses to end broadly lower yesterday on profit-taking, with selling pressure in glove-maker stocks continued to weigh on the barometer index, Read more >>

Wednesday, August 12, 2020

FBM KLCI - ended at intraday low with record breaking volume

Stocks on Bursa Malaysia ended lower yesterday on profit-taking while trading volume across Bursa Malaysia rose to another record peak at 27.8 billion securities against a confluence of factors Read more >>

Tuesday, August 11, 2020

FBM KLCI - lower as glove counters led decline

Stocks on Bursa Malaysia ended mixed yesterday with the benchmark FBMKLCI closed lower as Hartalega Holdings Bhd and Top Glove Corp Bhd led the decline of the benchmark index, Read more >>

Monday, August 10, 2020

FBM KLCI - likely to move sideways range-bound with a bearish bias

Stocks on Bursa Malaysia closed lower last Friday as trade volume across Bursa Malaysia topped 20 billion securities for the first time ever while world markets took cue from the US-China spat Read more >>

Friday, August 7, 2020

FBM KLCI - higher on last minute buying while volume hit fresh record high

Stocks on Bursa Malaysia closed higher yesterday with gains seen in almost all indices as the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was boosted at the eleventh hour to end at its intraday high of 1,588.57, up 20.44 points, while trade volume across Bursa Malaysia topped 16 billion securities to hit another all-time peak for the second time this week. Read more >>

Thursday, August 6, 2020

FBM KLCI - lower but volume remained near record high

Stocks on Bursa Malaysia ended yesterday on a mixed note amidst volatile trading due to continued selling in selected heavyweights, interspersed with buying support in FBM ACE, lower liners and smaller caps stocks. Read more >>

Wednesday, August 5, 2020

FBM KLCI - rebounded to close higher amid fresh record volume

Stocks on Bursa Malaysia ended higher yesterday after a volatile trading day, with the trading volume breaking another record high of 15.62 billion shares worth RM10.45 billion after breaching a fresh record on Monday Read more >>

Tuesday, August 4, 2020

FBM KLCI - slides 1.9% — biggest single-day drop in seven weeks while volume surged to fresh record high

Stocks on Bursa Malaysia ended lower yesterday and the benchmark FBMKLCI closed 1.9% lower with only three out of the 30 component stocks chalked up gains, Read more >>

Monday, August 3, 2020

FBM KLCI - likely to stay sideways range-bound with glove stocks remain in focus

Stocks on Bursa Malaysia ended lower on Thursday with the benchmark FBMKLCI closed lower after tanking by some 25 points in reaction to Umno's departure from the Perikatan Nasional alliance, along with the dissolution of the Sabah State Assembly to pave the way for a state election. Read more >>

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

You get recessions, you have stock market declines. If you don't understand that's going to happen, then you're not ready, you won't do well in the markets. - Peter Lynch

Vision is perhaps our greatest strength.. it has kept us alive to the power and continuity of thought through the centuries, it makes us peer into the future and lends shape to the unknown.
- Li Ka Shing

Great investment opportunities come around when excellent companies are surrounded by unusual circumstances that cause the stock to be misappraised. - Warren Buffet

Learning is a never ending journey in the stock market. The very moment you think you have learned enough, you'll fall. - Harrison Ho

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

I've found that when the market's going down and you buy funds wisely, at some point in the future you will be happy. You won't get there by reading 'Now is the time to buy.' - Peter Lynch

A military operation involves deception. Even though you are competent, appear to be incompetent. Though effective, appear to be ineffective. - Sun-tzu

Financial markets are supposed to swing like a pendulum: They may fluctuate wildly in response to exogenous shocks, but eventually they are supposed to come to rest at an equilibrium point. - George Soros

If you don't change, reality in the end forces that change upon you. - Stuart Wilde

The investor of today does not profit from yesterday's growth. - Warren Buffet

Analysts have always been overly optimistic.
- David Dreman

We always overestimate the change that will occur in the next two years and underestimate the change that will occur in the next ten. Don't let yourself be lulled into inaction. - Bill Gates

A corporation's primary goal is to make money. Government's primary role is to take a big chunk of that money and give it to others. - Larry Ellison

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

I try to learn from the past, but I plan for the future by focusing exclusively on the present. That's where the fun is. - Donald Trump

The more flexible an economy, the greater its ability to self-correct in response to inevitable, often unanticipated, disturbances and thus to contain the size and consequences of cyclical imbalances. - Alan Greenspan

The world is changing very fast. Big will not beat small anymore. It will be the fast beating the slow. - Rupert Murdoch

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

In the business world, the rearview mirror is always clearer than the windshield. - Warren Buffett

Be extremely subtle, even to the point of formlessness. Be extremely mysterious, even to the point of soundlessness. Thereby you can be the director of the opponent's fate. - Sun-tzu

Look at market fluctuations as your friend rather than your enemy.. profit from folly rather than participate in it. - Warren Buffett

I hate weekends because there is no stock market. - Rene Rivkin

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

A brand for a company is like a reputation for a person. You earn reputation by trying to do hard things well. - Jeff Bezos

Making good decisions is a crucial skill at every level. - Peter Drucker

We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful. - Warren Buffett

The individual investor should act consistently as an investor and not as a speculator. This means.. that he should be able to justify every purchase he makes and each price he pays by impersonal, objective reasoning that satisfies him that he is getting more than his money's worth for his purchase. - Benjamin Graham

In this business if you're good, you're right six times out of ten. You're never going to be right nine times out of ten. - Peter Lynch

The financial markets generally are unpredictable. So that one has to have different scenarios.. The idea that you can actually predict what's going to happen contradicts my way of looking at the market. - George Soros

Our favourite holding period is forever. - Warren Buffet

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

I've learned that mistakes can often be as good a teacher as success. - Jack Welch

Well, you know, I was a human being before I became a businessman. - George Soros

Checking the results of a decision against its expectations shows executives what their strengths are, where they need to improve, and where they lack knowledge or information. - Peter Drucker

The market does not beat them. They beat themselves, because though they have brains they cannot sit tight. - Jesse Livermore

Wide diversification is only required when investors do not understand what they are doing. - Warren Buffett

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

I think you have to learn that there's a company behind every stock, and that there's only one real reason why stocks go up. Companies go from doing poorly to doing well or small companies grow to large companies. - Peter Lynch

Before you can really start setting financial goals, you need to determine where you stand financially. - David Bach

The average man doesnâ€™t wish to be told that it is a bull or a bear market. What he desires is to be told specifically which particular stock to buy or sell. He wants to get something for nothing. He does not wish to work. He doesnâ€™t even wish to have to think. - Jesse Livermore

Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years. - Warren Buffett

Suppliers and especially manufacturers have market power because they have information about a product or a service that the customer does not and cannot have, and does not need if he can trust the brand. This explains the profitability of brands. - Peter Drucker

The key to making money in stocks is not to get scared out of them. - Peter Lynch

I never hesitate to tell a man that I am bullish or bearish. But I do not tell people to buy or sell any particular stock. In a bear market all stocks go down and in a bull market they go up. - Jesse Livermore

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