Millionaire Trend Trader: IRCB-WA

Showing posts with label IRCB-WA. Show all posts

Thursday, September 19, 2013

FBM KLCI - in consolidation, likely to breakout

Stocks on Bursa Malaysia closed lower yesterday ahead of the much-anticipated US Federal Reserve policy meeting. The markets took a breather ahead of what was expected to be the first tentative step by the Federal Reserve as investors are cautiously anticipating the US central bank to cut its US$85 billion monthly asset buying. The FBM KLCI fell 3.54 points or 0.20% to 1,771.40 after hovering between 1,769.69 and 1774.78. Gainers led losers by 405 to 312, with 320 counters unchanged. Turnover fell to 1.43 billion shares worth RM1.48 billion from Tuesday's 1.5 billion shares worth RM1.74 billion. ...Read more>>

Tuesday, September 17, 2013

FBM KLCI - likely to consolidate

Stocks on Bursa Malaysia closed lower last Friday ahead of a long weekend, and as investors await the outcome of the US Federal Reserve meeting on monetary policy to be held this coming Tuesday and Wednesday. The benchmark FBM KLCI slipped 1.6 points or 0.09% to close at the day's high of 1,770.8 after hitting an intra-day low 1,764.13, amid improved market sentiments after undergoing four days of strong rally. On a weekly basis, the FBM KLCI gained 47 points from previous Friday's 1,723.80. Losers led gainers by 391 to 300, with 311 counters unchanged. Turnover declined to 1.233 billion units worth RM1.383 billion from Thursday's 1.458 billion shares worth RM1.753 billion, and weekly turnover rose to 7.77 billion shares worth RM9.367 billion versus previous week's 6.6 billion shares valued at RM7.62 billion. ...Read more>>

Thursday, September 12, 2013

FBM KLCI - higher amid heavy profit-taking

Stocks on Bursa Malaysia closed firmer yesterday, as investors continue their buying support on the back of the country's better industrial production data, which was released earlier yesterday. The Statistics Department said Malaysia's Industrial Production Index (IPI) grew by 7.6 percent in July when compared with the same month a year ago, boosted by manufacturing, mining and electricity. The FBM KLCI rose 3.53 points or 0.20% to 1,768.48 after opening 4.75 points higher, and moved between 1,763.05 and 1,776.11. Gainers led losers by 402 to 384, with 289 counters unchanged. Turnover rose to 1.99 billion units worth RM2.227 billion from Tuesday's 1.811 billion shares worth RM2.402 billion. Read More>>

Tuesday, September 10, 2013

FBM KLCI - short term trend turned up

Stocks on Bursa Malaysia closed broadly higher yesterday with the benchmark FBM KLCI staging one of the strongest rallies in recent weeks. The rise was in line with positive performance of other regional bourses as upbeat Chinese trade and inflation data lifted Chinese shares to three-month highs and boosted regional markets. The FBM KLCI rose 23.23 points or 1.35% to 1,747.03 after opening 2.47 points higher at 1,726.27 and moved between 1,726.27 and 1,747.03. Gainers beat losers by 568 to171, while 266 counters were unchanged. Turnover rose to 1.28 billion shares worth RM1.60 billion against last Friday's 1.10 billion shares worth RM1.45 billion. ...Read more>>

Thursday, September 5, 2013

FBM KLCI - lower on heavy profit-taking

Stocks on Bursa Malaysia closed broadly lower yesterday on profit-taking activities after previous day's gains. The FBM KLCI lost 7.45 points or 0.43% to close at 1,716.76 after opening 1.34 points better at 1,725.55, and moved between 1,702.57 and 1,725.55 throughout the day. Losers trounced gainers by 431 to 277, with 291 counters unchanged. Turnover stood at 1.47 billion shares worth RM1.81 billion against 1.36 billion shares worth RM1.51 billion on Tuesday. ...Read more>>

Thursday, August 22, 2013

FBM KLCI - trend remained down

Stocks on Bursa Malaysia closed mixed yesterday in cautious trading in the face of the release of Malaysia's second quarter economic data and the minutes of the US Federal Reserve's July policy meeting. The FBM KLCI closed down 0.57 point or 0.03% to 1,744.85 after moving between 1,740.61 and 1,749.16 throughout the trading session. Gainers led losers by 380 to 368, with 332 counters unchanged. Turnover stood at 1.581 billion shares worth RM2.337 billion against the 2.616 billion shares worth RM3.748 billion on Tuesday. ...Read more>>

Monday, August 19, 2013

FBM KLCI - likely to consolidate

Stocks on Bursa Malaysia closed lower last Friday as investors trimmed their positions ahead of the weekend amid bearish external sentiment. The local market performance was in line with the weakening global equity market on expectation of an early move by the US Federal Reserve to slow its support in the world's largest economy, and renewed concerns came after the release of data that showed a strengthening labour market and higher inflation. The FBM KLCI fell 3.97 points or 0.22% to close at 1,788.24 after moving between 1,786.76 and 1,791.26 throughout the day, while on a weekly basis, the key index gained 8.92 points from previous Wednesday's close of 1,779.32. Losers led gainers by 422 to 379 with 303 counters unchanged. Total turnover fell to 2.13 billion shares worth RM1.61 billion from Thursday's 2.41 billion shares worth RM2.07 billion. Weekly turnover almost tripled to 10.33 billion shares valued at RM8.97 billion from previous week's 3.85 billion shares valued at RM4.25 billion. ...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

Millionaire Trend Trader

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Thursday, September 19, 2013

FBM KLCI - in consolidation, likely to breakout

Tuesday, September 17, 2013

FBM KLCI - likely to consolidate

Thursday, September 12, 2013

FBM KLCI - higher amid heavy profit-taking

Tuesday, September 10, 2013

FBM KLCI - short term trend turned up

Thursday, September 5, 2013

FBM KLCI - lower on heavy profit-taking

Thursday, August 22, 2013

FBM KLCI - trend remained down

Monday, August 19, 2013

FBM KLCI - likely to consolidate

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