Millionaire Trend Trader: January 2023

Tuesday, January 31, 2023

FBM KLCI - rebounded to end slightly higher on last minute buying

Stocks on Bursa Malaysia ended higher yesterday with the benchmark FBMKLCI finished slightly higher on late bargain hunting after moving in tight range due to lack of fresh catalyst, with support in the broader market primarily seen in small-cap energy as well as transportation and logistics stocks. Read more >>

Monday, January 30, 2023

FBM KLCI - likely to move sideways with an upward bias

Stocks on Bursa Malaysia ended mixed last Friday with the benchmark FBMKLCI declined for three straight days during the holiday-shortened week, bucking the strong performance of key regional indices. Read more >>

Friday, January 27, 2023

FBM KLCI - bucked regional trend to end marginally lower for the second straight day

Stocks on Bursa Malaysia ended mixed yesterday with the benchmark FBMKLCI extended Wednesday's losses to end lower, weighed down by selling in selected heavyweights, led by the financial services sector. Read more >>

Thursday, January 26, 2023

FBM KLCI - bucking regional trend to end marginally lower

Stocks on Bursa Malaysia ended mixed yesterday with the benchmark FBMKLCI bucked the regional trend to end marginally lower after the long holiday weekend amid profit-taking in selected heavyweights. Read more >>

Wednesday, January 25, 2023

FBM KLCI - likely to stay in consolidation amid holiday mood

Stocks on Bursa Malaysia ended higher on Friday with the benchmark FBMKLCI finished at its intraday high, breaking the 1,500 psychological level last seen in November last year on late buying in telecommunications and media as well as financial services counters. Read more >>

Friday, January 20, 2023

FBM KLCI - ended marginally higher after BNM keeps OPR unchanged

Stocks on Bursa Malaysia ended higher yesterday with the benchmark FBMKLCI rebounded from Wednesday’s losses to end slightly higher, supported by positive local sentiment following Bank Negara Malaysia’s (BNM) decision to maintain the overnight policy rate (OPR). Read more >>

Thursday, January 19, 2023

FBM KLCI - down on profit-taking amid lack of catalyst

Stocks on Bursa Malaysia ended lower yesterday with the benchmark FBMKLCI finished lower on continued profit-taking in selected industrial products and services, telecommunications and media counters despite regional markets closing mostly higher. Read more >>

Wednesday, January 18, 2023

FBM KLCI - ended at intraday high on late buying

Stocks on Bursa Malaysia ended higher yesterday with the benchmark FBMKLCI shook off earlier losses to end at its intraday high, lifted by late buying in selected telecommunications and media, as well as industrial products and services counters. Read more >>

Tuesday, January 17, 2023

FBM KLCI - marginally lower on persistent profit-taking

Stocks on Bursa Malaysia ended lower yesterday with the benchmark FBMKLCI finished marginally lower in lacklustre trading, driven by persistent profit-taking in selected financial services and plantation counters, amid mixed sentiment on regional markets. Read more >>

Monday, January 16, 2023

FBM KLCI - likely to trend higher amid improved sentiment

Stocks on Bursa Malaysia ended higher last Friday with the benchmark FBMKLCI finished at its intraday high, taking the cue from the improved performance of regional markets and optimism surrounding China’s reopening as well as the weakening of the US dollar. Read more >>

Friday, January 13, 2023

FBM KLCI - marginally higher amid range-bound consolidation

Stocks on Bursa Malaysia ended mixed yesterday with the benchmark FBMKLCI finished little changed as investors seemed reluctant to make more significant moves due to the absence of buying catalysts amid a better regional market performance. Read more >>

Thursday, January 12, 2023

FBM KLCI - slightly higher amid range-bound consolidation

Stocks on Bursa Malaysia ended higher yesterday with the benchmark FBMKLCI finished higher, lifted by buying interest in most heavyweights, led by energy and technology stocks, amid improving market sentiment across the region. Read more >>

Wednesday, January 11, 2023

FBM KLCI - down on profit-taking amid regional market jitters

Stocks on Bursa Malaysia ended lower yesterday with the benchmark FBMKLCI retreated from Monday’s gains due to profit-taking, amid the jittery performance of the regional markets, as investors were cautious ahead of the speech by US Federal Reserve chairman Jerome Powell later of the day. Read more >>

Tuesday, January 10, 2023

FBM KLCI - closed above 200-day SMA for the first time in six months

Stocks on Bursa Malaysia ended higher yesterday with the benchmark FBMKLCI ended at its intraday high as the reopening of China’s border has bolstered the outlook for the global economy, with sustained buying interest seen in selected heavyweight counters led by transportation and logistics stocks. Read more >>

Monday, January 9, 2023

FBM KLCI - likely to move sideways with an upward bias

Stocks on Bursa Malaysia ended lower on Friday with the benchmark FBMKLCI pared most of its earlier losses to end marginally lower on lack of positive catalysts, amid a mixed performance on regional bourses. Read more >>

Friday, January 6, 2023

FBM KLCI - snapped two-day losing streak on bargain-hunting

Stocks on Bursa Malaysia ended higher yesterday with the benchmark FBMKLCI snapped two-day losing streak to finish higher on bargain-hunting activities. Read more >>

Thursday, January 5, 2023

FBM KLCI - down for the second straight day on lack of catalysts

Stocks on Bursa Malaysia ended lower yesterday with the benchmark FBMKLCI finished lower on the second trading day of 2023 on a lack of catalysts, in line with most key regional markets. Read more >>

Wednesday, January 4, 2023

FBM KLCI - down on profit-taking post year-end window-dressing

Stocks on Bursa Malaysia ended lower on the first trading day of 2023 with the benchmark FBMKLCI plunging 1.44 percent on profit-taking after recent gains. Outlook for the local bourse remained positive due to attractive valuations and continuous support from local institutions, despite heavy profit-taking activities. Read more >>

Tuesday, January 3, 2023

FBM KLCI - likely to move sideways range-bound post year-end window-dressing

Stocks on Bursa Malaysia ended higher on Friday, the last trading day of 2022, with the benchmark FBMKLCI took a slight breather in late session as profit-taking set in on the final trading day of the year, before regaining momentum to swing to an upbeat mode despite the barometer index failing to maintain above the key 1,500 level. 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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