Millionaire Trend Trader: December 2020

Thursday, December 31, 2020

FBM KLCI - higher on technical rebound in line with regional performance

Stocks on Bursa Malaysia ended higher yesterday with the benchmark FBMKLCI rebounding to close higher amid consistent buying momentum from fund managers’ year-end portfolio window dressing, and in line with most regional markets Read more >>

Wednesday, December 30, 2020

FBM KLCI - lower weighed down by glove makers

Stocks on Bursa Malaysia ended lower yesterday with the benchmark FBMKLCI weighed down by index-linked glove makers amid the Covid-19 vaccine rollout, Read more >>

Tuesday, December 29, 2020

FBM KLCI - closed slightly higher below 1,650 after breaking above it

Stocks on Bursa Malaysia closed on a positive note yesterday with the benchmark FBMKLCI pared down gains towards the end of trading yesterday but remained in positive territory, supported by banking stocks led by Maybank and CIMB, following the release of the country's better-than-expected November export figures. Read more >>

Monday, December 28, 2020

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

Stocks on Bursa Malaysia ended on a weak note last Thursday with the benchmark FBMKLCI bucking the regional trend to close lower due to profit-taking ahead of the long Christmas weekend and amid cautious market sentiments. Read more >>

Thursday, December 24, 2020

FBM KLCI - higher on technical rebound amid positive market sentiment

Stocks on Bursa Malaysia closed broadly higher yesterday with the benchmark FBMKLCI snapping its four-day losing streak on bargain hunting amid better market sentiment. Read more >>

Wednesday, December 23, 2020

FBM KLCI - lower across the board on new COVID-19 fears

Stocks on Bursa Malaysia ended lower across the board yesterday with the benchmark FBMKLCI continuing its downward slide as mounting concerns over a new Covid-19 strain coupled with weak oil prices took a heavy toll on investors’ sentiment, dragging Bursa Malaysia to record its fourth day of losses. Read more >>

Tuesday, December 22, 2020

FBM KLCI - down on continued profit-taking for the third straight session

Stocks on Bursa Malaysia ended lower yesterday with the benchmark FBMKLCI down for the third consecutive sessions as investors continued to recalibrate their investments on rising economic concerns and on the absence of fresh catalysts on the local bourse. Read more >>

Monday, December 21, 2020

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

Stocks on Bursa Malaysia ended lower on Friday with the benchmark FBMKLCI losing 1.31%, succumbing to selling pressure in heavyweight counters led by the financial services sector with the Financial Services Index being the biggest losers among the sectors, declining by 2.3%, amid the ongoing consolidation Read more >>

Friday, December 18, 2020

FBM KLCI - lower on profit-taking after a two-day gaining streak

Stocks on Bursa Malaysia ended lower yesterday with the benchmark FBMKLCI snapping its two-day gaining streak to end in the red yesterday, weighed by profit-taking in heavyweights in the financial services sector. Read more >>

Thursday, December 17, 2020

FBM KLCI - higher on year-end window dressing

Stocks on Bursa Malaysia closed higher yesterday with the benchmark FBMKLCI ended on a positive note after started off strongly in the morning session but saw gains tapering in the afternoon, tracking uptrends in regional bourses amid optimism in the market and supported by ongoing window-dressing activities Read more >>

Wednesday, December 16, 2020

FBM KLCI - bucked regional trend, ended higher on Budget 2021 passing

Stocks on Bursa Malaysia ended higher yesterday with the benchmark FBMKLCI recovering its earlier losses to close higher, bucking the regional trend, after Malaysia’s Supply Bill 2021 passed its third reading in the Dewan Rakyat with a division vote. Read more >>

Tuesday, December 15, 2020

FBM KLCI - snapped five-day winning streak amid political concerns

Stocks on Bursa Malaysia closed lower across the board yesterday with the benchmark FBMKLCI ended lower after five straight sessions of gains, as investors decided to take profit after the market sentiment was affected by local political developments amid a mixed regional performance. Read more >>

Monday, December 14, 2020

FBM KLCI - likely to trend higher to test 1,700

Stocks on Bursa Malaysia closed mixed on Friday with the benchmark FBMKLCI extended its winning streak for the fifth consecutive day closing at its 18-month high, a level that was last seen on July 4 2019, Read more >>

Friday, December 11, 2020

FBM KLCI - closing above 1,650 for the first time in 16 months

Stocks on Bursa Malaysia closed mixed yesterday with the benchmark FBMKLCI ending firmer for the fourth consecutive day on economic recovery optimism, bucking the regional trend, Read more >>

Thursday, December 10, 2020

FBM KLCI - ended at 18-months high led by banking stocks

Stocks on Bursa Malaysia ended mixed yesterday with the benchmark FBMKLCI closed higher at its highest in 18 months to extend its winning streak to a third day, lifted by hefty gains in the banking stocks led by Public Bank. Read more >>

Wednesday, December 9, 2020

FBM KLCI - closed higher near 18-month high

Stocks on Bursa Malaysia ended mixed yesterday with the benchmark FBMKLCI bucking the regional markets’ downtrend to end higher to stand at the highest it has been since June 2019, Read more >>

Tuesday, December 8, 2020

FBM KLCI - marginally higher on technical rebound after Fitch's downgrade

Stocks on Bursa Malaysia ended slightly higher yesterday with the benchmark FBMKLCI closed marginally higher struggling to hold on to its narrow gains as the investors’ risk appetite was influenced by mixed market sentiments. Read more >>

Monday, December 7, 2020

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

Stocks on Bursa Malaysia ended lower on Friday with the benchmark FBMKLCI pulling back slightly from the 16-month high it reached on Thursday and stayed in negative territory throughout the day on profit-taking activities amid political jitters and vaccine supply concerns. Read more >>

Friday, December 4, 2020

FBM KLCI - broke resistance to close at 15-month high

Stocks on Bursa Malaysia ended higher across the board yesterday with the benchmark FBMKLCI breaking the resistance of 1,618-point to close at its intraday high as continued optimism over COVID-19 vaccine and improved risk-appetite saw Bursa Malaysia ending at a more than 15-month high, Read more >>

Thursday, December 3, 2020

FBM KLCI - down on profit-taking

Stocks on Bursa Malaysia ended on a mixed note yesterday with the benchmark FBMKLCI closing lower as persistent profit-taking and selling activities in the final trading hour mainly in blue-chips caused a reversal of Tuesday’s big gains and dragged Bursa Malaysia to finish lower. Read more >>

Wednesday, December 2, 2020

FBM KLCI - rebounded back to above 1,600

Stocks on Bursa Malaysia ended on a strong note yesterday with the benchmark FBMKLCI recovering almost all of its prior day’s losses to close above 1,600 in sync with the buoyant regional markets as sentiment was boosted by bullish Chinese data and continued hope for COVID-19 vaccine. Read more >>

Tuesday, December 1, 2020

FBM KLCI - plunged on heavy profit-taking

Stocks on Bursa Malaysia ended the last trading day of November on a mixed note yesterday with the benchmark FBMKLCI slipping below the key 1,600 level after diving in the final trading hour against a confluence of factors 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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