Friday, 25 October 2013

Asia Market does not follow DOW 100 points increase yesterday

Dear Friends,

Asia market today seems to be dragged down by Nikkei 2% drop. The market seems to be in general consolidation or weakness since the good news of the debt ceiling. This is what we called, buy on expectations and sell on news.

Although the market is not panicking, it needs a rest. STI seems to be resting quite nicely above the 3200 region. Do take note that we expect STI to go for 3270-3300 by year end. KLCI like what we expected broke 1800 barrier. Now it is at 1814. We expect KLCI to have a strong resistance at 1880 should it reach this year. 

Today in America, Amazon and Microsoft, 2 big giants in the retail and tech industries both issued a good earnings. I really think that this last quarter, we should look at the tech sector. Christmas rally should be ringing the bells this end of the year, due to the good earnings. 

Rgds
Daniel

Radio FM958访谈 2018年11月15日:世界股市展望 - 现在是熊市吗?

·         美国 股市担心苹果业绩,巴菲特却大胆投资! 道琼斯昨晚闭市在 25080 ,掉了 205 点。在这 10 月 11 月道琼斯的波动都相当大。有很多投资朋友开始怀疑熊市是不是已经来临了。我的答案是还没有。这个跌幅反而是好时机进场。大家不用太担心。 ...