end of June : Be bullish?

 Morning ... with many stocks dropping much for past months ... it is time to buy stocks?

DISTORTION : a very important word I heard yesterday morning. So, I need to record it here to remind me that many data were distorted ... by the mere printing of money. So, it is unconventional ... and change the path of the mechanism of money flow ... distorted many financial systems. 

DOW up 200 points ... feel bullish now? Time to long FKLI? Long Nasdaq? Buy A.I stocks again? 

Broadcom (AVGO) : the AI-stock in play ... breakout about a month plus ago. Yes, USD1000 soon ... with NVidia leading the pack (reached ONE TRILLION market cap). 

So, going to US to buy A.I stocks and ride it up?

NVidia : There ...  see the similarities of the two charts! 

By now, I guess many of those in markets heard of the A.I-mania ... it is the bubble building up. 

Buy tech-stocks in KLSE? that is another idea ... as many tech-stocks rebounded and pullback at the moment. 

BUY new HIGH stocks and ride them up?

Well ... I m bullish ...so, I m still busy collecting. Good luck. 

TEH

GREED in PLAY : High risk

 9.15pm : done dinner ... back to work. Sending this out before the FED meeting which could swing the markets ... with extreme greed in play (read the magnificent seven) ... time to reduce exposure. 

Note : sold most of my trading stocks. Reduce risk. 

GREED = SELL . 

FEAR = BUY. 

Sound simple, look simple ... but VERY difficult to be discipline to carry out. the FOMO emotion in play at the moment, especially the SEVEN large A.I stocks. 

Good luck!

TEH

Greed in play : The magnificent seven

 

11.30am : second post of the day as I hv just 'settled down'. Thinking of the GREED in US which only concentrated in few stocks 

The MAGNIFICENT SEVEN!! .

The meter showing extreme greed in play (so, short US indices). 

there ... the Magnificent SEVEN ... which are carrying the US indices up, due to the A.I stories?

what are those stocks in the group?

Here ... a chart to show it all. Will show each and every charts of these when I m free and could find the momentum to write/blog. 

Currently ... I was thinking ... is the A.I stories over ... or at the very beginning? I would choose the latter. 

For that, if these stocks are to correct next week or so, in JUNE-SEPT ... it is buy the dip!! Then, ride on the trend ... into bubble and euphoric sphere ... to the moon!!

With FED meeting next week in place, everyone is kinda expect a pause ... now they are mentioning SKIP haha ... slight different terms here ..it just means, skip the hike in June , possible of hiking next month or so. 

Pause vs Skip ?

Reduce positions or just prepare to ADD more if there is a dip from June-Sept. 

note : These stocks ..the SEVEN ... are over-valued. the hype!

Good luck holding to stocks. Watch ..

TEH

Stock Watch : PetronM and HengYuan

 5.45 am : morning ... congrats to ManCity. The team of the year. 

PetronM : breakout ... buy breakout of RM5. cutloss below RM4.80 and ride it up. Good trade set-up. Read the news as I do not ... dont know why huge volumes buying in, spike here. 

PetronM : PE 4.44 and om cash positions ... at a glance, looks good. 

Well ... let me check HengYuan (ex-Shell).

HengYuan : At low level ... downtrending, drifting lower ... hmm

So, it is not in line ... for both. If u r buying for trading, choose PetronM , the breakout rather than trying to buy HengYuan and HOPE for it to rebound (can also but put the cutloss a  must as it could continue to drifting lower ... and stuck in)

HengYuan : losing money for three quarters. debt to cash : 3.5 level ... that is HIGH. DO AVOID. 

So, if we are to choose PetronM vs HengYuan ... it would be PETRONM , fundamentally and technically.

For those stuck inside HengYuan up there (during the hype ...promoted by forums ...RM20?), it would taking looooong time to be back to that level, even to go to recent peak level of RM7. 

Never get stuck after chasing up the hype ... that remind me of A.I hype playing now ...that would be for next post.

Have a nice Sunday.

TEH

Morning Call : MFCB

 morning ... Friday is a good day to rest ... every morning The Edge would share MORNING CALL. 

Today's menu : MFCB

MFCB : at support, oversold ... today's Morning Call ... can buy cheaper now?

current 3.17 ... target RM4.36 sounds good , right? So, will u buy in? WHY NOT?

TEH

Stock Watch : QL oversold

 11am : awaiting for round 2 Singapore Open. LZJ lost narrowly last night , see if his new coach WTM could help him to pull him up again. Pearly injured her arms ...hope she could rest well to do well in next week Indon Open. 

Oh yes, that arrogant comedian from spore ... apa nama ... JC? Hmm .... F**k you, JC.

phew ... some jerks from Spore but someone stated she is no longer a Sporean? ignore. avoid. delete.

This morning went for dim-sum breakfast with wife ... and some morning marketing ... saw that she bought QL's eggs ... reminded me to show QL's chart!

QL : oversold and at support. Those like QL, now only is time to buy cheaper. But the valuation SO SO HIGH for QL, i see QL is a good buy around RM2 or below. 

Eat more QL's eggs ... once buy in QL stock, ya. 

Note : I do not have funds for her ... if not , so many to buy ..including QL

TEH

FED meeting next week

 

Morning ... it is 6.45am now, overslept today. On semester break, so kinda lazying away ... 

Pullback in Nasdaq but energy-stocks helped DOW to close higher. We are in extreme greed level at the moment with FED meeting around the corner (next week Wed) ... so, time to reduce exposure again. 

SP500 hitting 4300 level before pullback last night to close 4268.

https://youtu.be/Z2-ASJH-3GE

Some even said it have to HIKE higher ...to 6%? that would crush the markets!!

Now there is 80% chances of PAUSE/SKIP in coming meeting but then ... they might have to hike again!!

https://youtu.be/KOEuytZoZO4

So ... the current markets (playing on AI stories) are way ahead of earnings and everything ... but we are NOT in euphoria yet ... wait for it. 

BUY oversold stocks ... strong large caps ... and keep some cash in case markets break the current 1370 support level. 

Trade short-term ...touch-n-go. 

Sold REVENUE 29.5, took 26 last Friday ... sold Velesto at 24 too last week. REDUCE exposure in small trades. 

Sold Kobay and SKpres at cost price they are still there ... not wanting to risk of holding these smaller ones. 

Note : i m still holding some stocks in large caps, oversold 

with FED meeting next week, keep cash and no trading for these few days. Go off ... relax.

TEH

Selldown : Affin and BIMB

 7.10 am : Morning ... Tuesday as US markets grinding higher with rebound in regional banks which crashed in Mac-Apr 23. Those SVB period ... being forgotten. 

There are still selldown in bank stocks in KLSE ... so, today to show AFFIN and BIMB which at new 52w low.

Affin : Broken the 200MA, diving sharply with high volumes seen, what's up? RSI 14, another long black candle would be nice to catch a knife.

BIMB : I took at support 185 recently, but cutloss at 1.80, currently at 1.75, wait Rm1.60 next. RSI 17.

Affin vs BIMB? which one to pick up during this sales? 

Will update on them. 

TEH

Stock Watch : GenM and Genting

 Morning ... almost 7 am now, kids going to school. I woke up around 5 plus, done some walking and now trying to sit still to blog : two oversold sin-stocks ... retailers fav ... GENTING and GENM.

Now it is oversold, good time to buy, why no one talking about it? Rather than up up, border opening stories, recovery stories etc ... NOW is the time to think of such, no?

note : trade at own risk ... I do not have Genting or GenM in my portfolio. This is just for illustration and educational purposes. 

GenM : see chart, plan the rebound trade. Execute. Talk more no use.

Genting : Oversold, support. We buy stocks during sales, ya. 

Sales is the best time to buy in stocks .. I have not been buying stocks since Mac(SVB risk) and April ... and sell in May, go away mantra ... and now is JUNE ya. Shopping time.

Trade at own risk ... calculate that.

Good Luck 

TEH

Property Stocks : E&O and Ecoworld

 Morning ... today is an off day ... so, relax. No need to rush ..

I have not blog for looong time, I have not checked property stocks for long time too as most stocks going down much lower ... some lower than MAC2020 low ... some back to 2008 low ... and some even back to 1998 crash low. Serious crash in whole sector.

E&O : nearing 30 cents ... just saw it went thru right-issues at 23.5cents recently. One of the risk of buying these stocks ... you have to cough up more funds for right issues etc ... and it drifts lower, logically ... we should not average it down. 

Ecoworld : at least it recovering ... but during that crazy period of forming Ecoworld (moved from SPSetia) ... it went to the moon ... now, back to earth, the gravity is much stronger, I guess. Buy below 20cents. So, I wait. 

Note : I m BEARISH in whole sector, so no intention to trade/invest in any. More downside with no visible positive outlook. AVOID.

TEH

Jess Livermore's Trading Rules

 Here are RULES for traders. A MUST list to have.

TEH

52W low : PBBank and LPI

 6.30 am morning ... it rains ... good. Been very hot for days and temperature hitting record high of 35-38 C. Heatwave all over the country ... so, no travelling during this long weekend break.

PBBank : at 52w low ... RSI 29.3 ... still waiting for 3.60-3.70 ... do u think I could get her there? So, I wait ... if not , never mind as I have many more at 52w low to buy in.

LPI : also at 52w low ... not so popular a stock as retailers seeing her as 'expensive' at RM11.74 . Rebounded on Friday, actually. 

Note : LPI = LonPac Insurance https://www.lpicapital.com/

These are giants ... good dividend, defensive stocks ... and currently SALES is on-going, why no one talk about buying? See PBBANK ... all will talk about her when the stocks up up, isn't logical to talk about her NOW ... as it is going lower, cheaper? 

UT agents SHOULD learn to be contrarians too ... talk to clients to buy in during such sales rather than DCA blindly? no?

Cheap can go cheaper ... than is why we DCA stocks we like, right? But if we are going buy, WHY chasing it up, rather than chasing it down? 

Currently , I m heavy in buying due to many stocks at cheap sales. Everyone need to learn to buy during SALES. 

Time for breakfast and start reading. 

TEH

Stock Watch : Revenue Group Bhd

 6.40am ... good morning. Monday is an off day!! Going to stay at home, continue to clear-clean things at home ... as if we going anywhere, it would be pack-crazy with jams and queues ... ren-san-ren-hai .

Revenue : crashed ... this once the e-wallet darling play ... and internal conflicts etc killed of any interest on the company, now with losses registered. Kinda scary stories ... why no one buy during crash? IT IS SCARY la ...

here ... consecutive three quarters, lost money. Can they ever recover and profiting again? WHY are they losing money? Hmm

e-meeting 9.30am to talk on why I m buying in.

https://us02web.zoom.us/j/89839748706?pwd=ODVaYWpPOTIyNFNUM1RkVHRiSmw2QT09

Mac 2023 : "PETALING JAYA: Revenue Group Bhd co-founders and former executive directors Brian Ng and Dino Ng have announced their immediate resignation from the company’s board.

In a statement released this evening, the brothers said they were “pained” to announce their resignation from the board of a company they founded and built up."

Will you trust the new management who 'ousted' the co-founder to revive the company? 

hmm ... have a nice weekend.

TEH

CPS Index : selldown

 Good morning ... 8.20am ... kinda late to blog?

Lazy day ... woke up late (7am) and done some gardening, breakfast and bath. 

Now ... need to focus to BLOG awhile as many things to put here, un-block the dust upstairs. 

Debt ceiling drama is over , as expected. Yellen created the FEAR ... then trumpeted by the social-media to attract CLICKS (click-baits) with dramatic headlines. haha ... 

Consumer Product & Service Index (weekly) : going into oversold too ... so MANY cheap sales now, why no one talking about BUY BUY BUY? Hmm

PPB : this one is second-largest in the sector (after Nestle) and been down for 2-3 months ... 

How is Wilmar ... ? Send regards to the spore bro. 

Go shopping on big-caps ... these are still old-steady one owned by Uncle Robert.

Time to watch markets ... 

TEH

Oversold KLCI big caps : PCHEM

 9pm ... time to have another e-meeting ...to check on PCHEM.

9.30pm : e-meeting

https://us02web.zoom.us/j/86235360661?pwd=Z1hMZ0FJTHZLOHNucU1PUWZQaDNGQT09

PChem : recently sold RM7.50 ...that was strong resistance and parked there, sold. Now ... I can buy Rm1 cheaper ... why not? 

From peak RM10 ... now below RM7, shall we wait below RM4? ok, slow slow wait.

TEH