Millionaire Trend Trader: February 2024

Thursday, February 29, 2024

FBM KLCI - closed lower on profit taking

Stocks on Bursa Malaysia ended lower yesterday with the benchmark FBMKLCI finished at an intraday low due to profit taking activities following Tuesday’s strong gains, in tandem with the downbeat performance in the regional markets. Read more >>

Wednesday, February 28, 2024

FBM KLCI - rebounded to end at highest level on strong buying interest in heavyweights

Stocks on Bursa Malaysia ended mixed yesterday with the benchmark FBMKLCI rebounded to end at its highest level since May 2022 on strong buying activities in heavyweights led by YTL Corporation, Axiata, and YTL Power International. Read more >>

Tuesday, February 27, 2024

FBM KLCI - ended lower amid downbeat market tone

Stocks on Bursa Malaysia ended lower yesterday with the benchmark FBMKLCI pared earlier losses to settle marginally lower as buying activities emerged towards the end of the trading session, amid the downbeat regional market performance. Read more >>

Monday, February 26, 2024

FBM KLCI - likely to trend higher on sustained buying momentum

Stocks on Bursa Malaysia ended mixed on Friday with the benchmark FBMKLCI rebounded to finish higher despite the overall broad selling as investors continued to book profits in companies that reported stronger-than-expected numbers in the ongoing earnings season. Read more >>

Friday, February 23, 2024

FBM KLCI - down on profit-taking for the second day

Stocks on Bursa Malaysia ended mixed yesterday with the benchmark FBMKLCI finished lower for the second day on continuous profit taking after the recent rally despite the improvement in the broader local market and the upbeat regional bourses. Read more >>

Thursday, February 22, 2024

FBM KLCI - down on broad based profit-taking amid overbought situation

Stocks on Bursa Malaysia ended lower yesterday with the benchmark FBMKLCI finished on a weaker note today due to broad-based profit-taking throughout the session, following three days of consecutive gains. Read more >>

Wednesday, February 21, 2024

FBM KLCI - surged 1.10% to close above 1,550

Stocks on Bursa Malaysia ended higher yesterday with the benchmark FBMKLCI surged 1.1 per cent as the market rally gathered steam with almost all sectors led by the energy counters recording gains. Read more >>

Tuesday, February 20, 2024

FBM KLCI - ended at 20-month higher amid choppy trading

Stocks on Bursa Malaysia ended mixed yesterday with the benchmark FBMKLCI continued to hover at its highest level in 20 months despite a choppy trading session throughout the day due to profit-taking activities. Read more >>

Monday, February 19, 2024

FBM KLCI - likely to continue uptrend on return of foreign funds

Stocks on Bursa Malaysia ended higher on Friday with the benchmark FBMKLCI finished higher, rising 0.34 per cent, boosted by fresh foreign funds as well as late buying support from local funds. Read more >>

Friday, February 16, 2024

FBM KLCI - ended almost flat amid broadly higher market

Stocks on Bursa Malaysia ended mixed yesterday with buying momentum seen in the broader market, but the benchmark FBMKLCI ended 0.06 per cent lower, dragged down by selected counters. Read more >>

Thursday, February 15, 2024

FBM KLCI - ended slightly lower after late buying pares losses

Stocks on Bursa Malaysia ended lower yesterday with the benchmark FBMKLCI pared losses from the earlier session as a result of late buying support and remained in negative territory to end the day slightly lower due to profit-taking after Tuesday’s significant gains. Read more >>

Wednesday, February 14, 2024

FBM KLCI - ended at 20-month high on foreign buying

Stocks on Bursa Malaysia ended higher across the board yesterday with the benchmark FBMKLCI ending at a 20-month high, the highest level since June 2022, supported by steady buying from foreign investors. Read more >>

Tuesday, February 13, 2024

FBM KLCI - likely to move sideways range-bound post CNY holiday

Stocks on Bursa Malaysia ended mixed on Friday on thin volume, with buying interest in the broader market mainly in the energy and property sectors, while the benchmark FBMKLCI finished marginally lower in a quiet market ahead of the Chinese New Year’s long weekend. Read more >>

Friday, February 9, 2024

FBM KLCI - ended slightly lower on lack of fresh leads

Stocks on Bursa Malaysia ended mixed yesterday with the benchmark FBMKLCI finished slightly lower on a lack of fresh leads amid a quiet market ahead of the Chinese New Year long weekend. Read more >>

Thursday, February 8, 2024

FBM KLCI - marginally higher on late buying in utilities and gaming stocks

Stocks on Bursa Malaysia ended mixed yesterday on a lack of fresh leads with the benchmark FBMKLCI finished slightly higher due to the late buying of utilities and gaming stocks amid a quiet market ahead of the Chinese New Year long weekend. Read more >>

Wednesday, February 7, 2024

FBM KLCI - ends slightly higher on bargain hunting

Stocks on Bursa Malaysia ended higher yesterday with the benchmark FBMKLCI rebounded to end slightly higher in thin trading as investors are holding back from making large bets ahead of the long weekend in conjunction with the Chinese New Year (CNY) celebration. Read more >>

Tuesday, February 6, 2024

FBM KLCI - down on profits taking amid mostly negative regional peers

Stocks on Bursa Malaysia ended lower yesterday with the benchmark FBMKLCI finished lower on profit-taking following a strong United States (US) employment report that eliminated hopes of an interest rate cut. Read more >>

Monday, February 5, 2024

FBM KLCI - likely to continue trending higher amid cautious sentiment

Stocks on Bursa Malaysia ended mixed on Friday driven by selling in mid-size and small-cap counters, while the benchmark FBMKLCI finished higher despite reversing some of its earlier gains. Read more >>

Friday, February 2, 2024

FBM KLCI - likely to stay in range-bound consolidation

Stocks on Bursa Malaysia ended mixed Wednesday with the benchmark FBMKLCI finished little changed amid cautious sentiment prevailing across the region ahead of the United States Federal Reserve’s (Fed) decision on interest rate later of the day. 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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