Monday, April 13, 2009
Friday, April 10, 2009
Thursday, April 09, 2009
Wednesday, April 08, 2009
Tuesday, April 07, 2009
Monday, April 06, 2009
9:46 am - Market Report by Bill Wermine
Dear Traders,
I need your assistance. Due to unforseen circumstances we have rescheduled our gold conference to Sunday 10 May at the Armada Hotel from 2 to 6 PM. We need someone involved in the physical trade of gold such as a gold shop owner/ dealer to give a short presentation on the local supply and demand situation.
If you know of someone who is willing please let me know. Or if any of you have any valuable information on gold and are willing to share please let me know. This would be for the 10 May event as well as our Traders Club.
We will also hold our traders club on 25 th April Saturday from 10 AM
to 12 30 at CIMB auditorium and gold will be on the agenda.
I would like to congratulate all of you who bought Man Fund investments over the last 1 1/2 years. In the last quarter the AUD has made a recovery and is on course for furthur gains. The AUD formed a W bottom, a powerful pattern which is confirmed by price and volume. Initial target is another 15 % upside. You will get this as well as the opportunity for gains in the Man fund.
Only two investors out of 105 closed their accounts because of fear that the world economy would collapse. The rest of you held through the adversity maintaining your objectivity inspite of bank collapses, Bernie Madoff scandle, flight to the safety of US Dollar,
and the constant pessimism, doom and gloom trumpted on CNN, Bloomberg, CNBC and the popular press.
Because of the negative publicity and the focus on many hedge funds that cheated their investors and collapsed I received many calls from worried clients. The main question was - is Man a Ponzi scheme ?
I made a personal trip to Singapore to meet with the Man executives to get to the bottom of these issues.
I also have my own money with Man which is my wife's legacy. She is younger than me so I assume I will go before her so I want her money in good hands so I can rest in peace
On return I relayed to all of you that your funds are safe and earning a reasonable return.
Being a fund of funds with over 115 fund managers operating all over the world it would be impossible for them to run a fraud.
Also, Being listed on the FTSE, Man is under scruteny by London regulators- their books are open unlike 98 % of hedge funds who operate in secrecy and many are a one man show.
Attached is a PDF document of an interview of of Tim Wong who is the CEO of Man AHL fund . As traders you will appreciate why his fund was # 20 out of over 9000 in 2008 in terms of performance. His strategies are the keys to being a profitable trader.
Change in outlook.
I am short term bullish for world equities.
The Plunge Protection team(US Federal Reserve, Treasury) has unleashed its most powerful weapon killing the FASB # 157 engaging in nuclear quantatative easing, devaluing the US Dollar, and arranging a Ponzi scheme to allow banks to offload 1 trillion of toxic assets to taxpayers- with the goal of arresting the slide of the Dow Jones Industrials and attmpting to lift the Dow to the target of 9000- a top priority. A sustained breakout above 8000 would signal the end of the bear market- an extended sideways trading range or a bull market recovery.
Crude oil, gold, base metals will be boosted as well as CPO and are poised to move higher in weeks ahead.
The KLSE should also benefit. The new prime minister in my opinion will be a better manager than the last one and that should benefit stocks.
Of course we must manage our risks no matter what is our opinion.
Have a good week
Bill
I need your assistance. Due to unforseen circumstances we have rescheduled our gold conference to Sunday 10 May at the Armada Hotel from 2 to 6 PM. We need someone involved in the physical trade of gold such as a gold shop owner/ dealer to give a short presentation on the local supply and demand situation.
If you know of someone who is willing please let me know. Or if any of you have any valuable information on gold and are willing to share please let me know. This would be for the 10 May event as well as our Traders Club.
We will also hold our traders club on 25 th April Saturday from 10 AM
to 12 30 at CIMB auditorium and gold will be on the agenda.
I would like to congratulate all of you who bought Man Fund investments over the last 1 1/2 years. In the last quarter the AUD has made a recovery and is on course for furthur gains. The AUD formed a W bottom, a powerful pattern which is confirmed by price and volume. Initial target is another 15 % upside. You will get this as well as the opportunity for gains in the Man fund.
Only two investors out of 105 closed their accounts because of fear that the world economy would collapse. The rest of you held through the adversity maintaining your objectivity inspite of bank collapses, Bernie Madoff scandle, flight to the safety of US Dollar,
and the constant pessimism, doom and gloom trumpted on CNN, Bloomberg, CNBC and the popular press.
Because of the negative publicity and the focus on many hedge funds that cheated their investors and collapsed I received many calls from worried clients. The main question was - is Man a Ponzi scheme ?
I made a personal trip to Singapore to meet with the Man executives to get to the bottom of these issues.
I also have my own money with Man which is my wife's legacy. She is younger than me so I assume I will go before her so I want her money in good hands so I can rest in peace
On return I relayed to all of you that your funds are safe and earning a reasonable return.
Being a fund of funds with over 115 fund managers operating all over the world it would be impossible for them to run a fraud.
Also, Being listed on the FTSE, Man is under scruteny by London regulators- their books are open unlike 98 % of hedge funds who operate in secrecy and many are a one man show.
Attached is a PDF document of an interview of of Tim Wong who is the CEO of Man AHL fund . As traders you will appreciate why his fund was # 20 out of over 9000 in 2008 in terms of performance. His strategies are the keys to being a profitable trader.
Change in outlook.
I am short term bullish for world equities.
The Plunge Protection team(US Federal Reserve, Treasury) has unleashed its most powerful weapon killing the FASB # 157 engaging in nuclear quantatative easing, devaluing the US Dollar, and arranging a Ponzi scheme to allow banks to offload 1 trillion of toxic assets to taxpayers- with the goal of arresting the slide of the Dow Jones Industrials and attmpting to lift the Dow to the target of 9000- a top priority. A sustained breakout above 8000 would signal the end of the bear market- an extended sideways trading range or a bull market recovery.
Crude oil, gold, base metals will be boosted as well as CPO and are poised to move higher in weeks ahead.
The KLSE should also benefit. The new prime minister in my opinion will be a better manager than the last one and that should benefit stocks.
Of course we must manage our risks no matter what is our opinion.
Have a good week
Bill
Friday, April 03, 2009
9:26 am - DJIA is heading for 8,000 resistance level !
Somehow I have a gut feeling there is going to be an interesting night for DJIA ? Doji ???
Thursday, April 02, 2009
Wednesday, April 01, 2009
Tuesday, March 31, 2009
8:51 am - FKLI gap up despite DJIA falling !
Regional market is not falling much as they have fallen a lot yesterday ! Today, we wud see some recovery !
Monday, March 30, 2009
9:59 am - Market Outlook by Bill Wermine
Dear Traders,
Wall St erupted into a hightened state of euphoria last week, as the treasury unveiled the so called Public Private Investment Program (PPIP) a clever scheme to bankroll private investment firms and guarantee them huge profits, in return for participating in an illiquid market and buying from Wall St bankers at vastly inflated prices home loans which are in default.
All the major stock indexes soared except the KLSE as Treasury Secretary Timothy Geithner laid out details of the PPIP a plan to allow US banks unload 500 billion USD of bad debts that amount to an unprecedented looting of taxpayers funds to benefit the financial elite.
The FED will act as the bad bank and leverage USD 100 billion from TARP by 6 times effectively lending 600 billion to private investment firms in the form of low interest non recourse loans. If the transactions lose money the taxpayer pays. If the transactions win the firms that put up the money will make huge profits.
Even though the bulk of the capital comes from the government, the private investment funds will set up the scheme and will receive lucrative fees and evenly divide up the booty.
This is theft on the grand scale and there is nothing the public can do about it. The politicians and banking elite control the game. In fact it is a rigged game. At some point the music will stop, the party will end and the piper must be paid.
Creating vast amounts of money out of thin air is like a shaky company managed for the benefit of insiders who issues more shares thus diluting the value of existing shareholders.
The masters of the universe on Wall St such as Goldman Sachs , the Federal Reseve, the US treasury are depreciating the US dollar in the same way- commen sense dictates that when more currency is chasing the same goods inflation will roar ahead.
In the short term this will create trading opportunities so be sure to manage your risks and that goes for local shares as well.
Focus on high quality dividend payers. Market should consolidate next week but hopefully the new PM will be KLSE positive as the uncertainty is now removed
What is the answer to the uncertainty, money printing, manipulation ? In a word gold.
On 25 April we will have our traders club at CIMB auditorium at 10 to 12 AM. Nigel Foo may give an outlook on local market and global indices.
In the afternoon of the 25th from 2 30 PM to 5 30, we plan a gold conference with some very valuable wealth protection info.
Futures Broker Martin will share a powerful gold trading system to time the gold futures market. We plan on having a fund manager from Deutsch Bank to present the outlook for gold mining shares and the benefits of placing some of your assets in a gold mining share unit trust.
We also plan on having a gold shop owner talk about the physical supply and demand picture of gold in Malaysia
Phillip Futures of Malaysia will share how to trade gold futures as they are licensed to do so. As we are holding this in a major hotel there will be a small cover charge for the gold conference.
Please let me know if you wish to attend the gold conference so we can plan.
Have a productive week ahead
Bill
Wall St erupted into a hightened state of euphoria last week, as the treasury unveiled the so called Public Private Investment Program (PPIP) a clever scheme to bankroll private investment firms and guarantee them huge profits, in return for participating in an illiquid market and buying from Wall St bankers at vastly inflated prices home loans which are in default.
All the major stock indexes soared except the KLSE as Treasury Secretary Timothy Geithner laid out details of the PPIP a plan to allow US banks unload 500 billion USD of bad debts that amount to an unprecedented looting of taxpayers funds to benefit the financial elite.
The FED will act as the bad bank and leverage USD 100 billion from TARP by 6 times effectively lending 600 billion to private investment firms in the form of low interest non recourse loans. If the transactions lose money the taxpayer pays. If the transactions win the firms that put up the money will make huge profits.
Even though the bulk of the capital comes from the government, the private investment funds will set up the scheme and will receive lucrative fees and evenly divide up the booty.
This is theft on the grand scale and there is nothing the public can do about it. The politicians and banking elite control the game. In fact it is a rigged game. At some point the music will stop, the party will end and the piper must be paid.
Creating vast amounts of money out of thin air is like a shaky company managed for the benefit of insiders who issues more shares thus diluting the value of existing shareholders.
The masters of the universe on Wall St such as Goldman Sachs , the Federal Reseve, the US treasury are depreciating the US dollar in the same way- commen sense dictates that when more currency is chasing the same goods inflation will roar ahead.
In the short term this will create trading opportunities so be sure to manage your risks and that goes for local shares as well.
Focus on high quality dividend payers. Market should consolidate next week but hopefully the new PM will be KLSE positive as the uncertainty is now removed
What is the answer to the uncertainty, money printing, manipulation ? In a word gold.
On 25 April we will have our traders club at CIMB auditorium at 10 to 12 AM. Nigel Foo may give an outlook on local market and global indices.
In the afternoon of the 25th from 2 30 PM to 5 30, we plan a gold conference with some very valuable wealth protection info.
Futures Broker Martin will share a powerful gold trading system to time the gold futures market. We plan on having a fund manager from Deutsch Bank to present the outlook for gold mining shares and the benefits of placing some of your assets in a gold mining share unit trust.
We also plan on having a gold shop owner talk about the physical supply and demand picture of gold in Malaysia
Phillip Futures of Malaysia will share how to trade gold futures as they are licensed to do so. As we are holding this in a major hotel there will be a small cover charge for the gold conference.
Please let me know if you wish to attend the gold conference so we can plan.
Have a productive week ahead
Bill
Friday, March 27, 2009
11:21 am - FKLI has broken 888 level. Short term long position is nullied !
Shorted this morning at 894 !
Thursday, March 26, 2009
8:48 am - FKLI gap down slightly
FKLI is likely to move higher if break 885/886 resistance level. Support seen at 874/876 level
Wednesday, March 25, 2009
3:16 pm - FKLI facing resistance at 879/880 level
It may closed at 874 level today ! This is a strong support here !
9:23 am - Opportunity to trade FKLI & FCPO market now !
Dear Investors/Traders,
I hope by now, you would have received your first free newsletter on FKLI & FCPO. If you have not received it yet, let us know.
Thank you for those who came to our last Tuesday Follow Up talk Mar 17, 2009 in the Bursa Malaysia Introductory to Futures Market in CIMB Auditorium.
Over 1 week, our trading system has generated positive returns on our trading and if you had open an account with us then, you would enjoy some positive returns trading the FKLI and FCPO market.
Market Outlook for KLCI:
Our market prediction is aligned that we would either have a breakout to 1000 pts. for KLCI or reversal back to retest 800 level.
For those of you who have already opened an account, I congratulate you !
So do not delay now, open an futures account to take opportunity in this market and trade with us.
Caveat: To make money, you have to take some risk.
Call me at 03 2084 9999 X 3532 for any enquiries or appointment to open an account.
I hope by now, you would have received your first free newsletter on FKLI & FCPO. If you have not received it yet, let us know.
Thank you for those who came to our last Tuesday Follow Up talk Mar 17, 2009 in the Bursa Malaysia Introductory to Futures Market in CIMB Auditorium.
Over 1 week, our trading system has generated positive returns on our trading and if you had open an account with us then, you would enjoy some positive returns trading the FKLI and FCPO market.
Market Outlook for KLCI:
Our market prediction is aligned that we would either have a breakout to 1000 pts. for KLCI or reversal back to retest 800 level.
For those of you who have already opened an account, I congratulate you !
So do not delay now, open an futures account to take opportunity in this market and trade with us.
Caveat: To make money, you have to take some risk.
Call me at 03 2084 9999 X 3532 for any enquiries or appointment to open an account.
Tuesday, March 24, 2009
4:04 pm - FKLI is breaking lower but holding up at 876-878 support level !
Took the short trade this morning at 891.0
Monday, March 23, 2009
9:16 am - Market Report by Bill Wermine
Dear Traders,
The consensus of most traders and investors continues to be overwealmingly bearish and pessimistic. We held a CPE course for a group of fund managers and remeisers at CIMB Saturday.
Only one out of 50 raised their hand when I asked how many were bullish.
In my opinion this is irrational pessimism the opposite of irrational optimism and is a sign of a near term bottom.
The irrational optimists were super bullish when the KLSE hit 1500. Now they are irrational bearish when the KLSE hit 800.
One of our graduates Tony Cheong who is a remeiser with Kenaga shared his trading record for February and showed that through disciplined application of price and volume trading it is possible to earn reasonable profits even in a bear market. His method is short term contra trading.
If you are looking for a remeiser who trades with a disciplined strategy and you do not have time to trade on line . It is worth paying a little extra for service that can save you from disaster. An on line platform will not remind you to manage risk.
I would recommend him. His email is : cth6328@hotmail.com .
The Man AUD Capital guaranteed fund closed on Friday and for those who invested or invested in previous Man AUD funds the outlook for the AUD has turned positive. The yield carry over the US Dollar is 3 % and Australia last week signed a free trade agreement with the ASIAN group. Total exports to this group are more than their exports to the US and Europe.
Australia has problems but the impression is that commentators who are dwelling on them have lost perspective that the problems of the US may be worse. The AUD looks relatively well placed.
Attached is a chart of the AUD showing a shakeout last week before a substantial rise. Insiders are heavily accumulating the AUD under cover of extreme bad news. Most CNBC talking heads are still bearish the AUD as they run cover for their insider friends that run the hedge funds.
You may still invest in the AUD Man Diversified Fund which invests in a basket of managed futures as this is an opened ended fund. This is a good hedge should stock markets underperform in 2009. Man is actively managed and profits in both upand down markets as opposed to stock unit trusts which only profit in upmarkets.
I am very wary of scenario trading- a fund which is long only is a scenario trade. It is based on the premise that stocks just like property only go up over the long term. Tell that to California home owners who have seen the value of their houses drop an average of 40 % or buy and holders of shares around the world have lost upwards of 50 % of their share investments.
In time buy and holders may recover their money but unfortunately we live in the now and have needs now that must be satisfied. Active management that allows trading trends in both sides of the market solves this problem. Unfortunately those with opinions and ego problems have a difficult time facing reality- and unfortunately they may pay the price. Bias in the news is always to buy share unit trusts as the unit trust companies support the newspapers with large ad revenue unlike Man who does not advertise
I suppose I am biased to the risk management trading approach but that is because my main focus for my clients is capital preservation during difficult times.
Have a good week
Bill
The consensus of most traders and investors continues to be overwealmingly bearish and pessimistic. We held a CPE course for a group of fund managers and remeisers at CIMB Saturday.
Only one out of 50 raised their hand when I asked how many were bullish.
In my opinion this is irrational pessimism the opposite of irrational optimism and is a sign of a near term bottom.
The irrational optimists were super bullish when the KLSE hit 1500. Now they are irrational bearish when the KLSE hit 800.
One of our graduates Tony Cheong who is a remeiser with Kenaga shared his trading record for February and showed that through disciplined application of price and volume trading it is possible to earn reasonable profits even in a bear market. His method is short term contra trading.
If you are looking for a remeiser who trades with a disciplined strategy and you do not have time to trade on line . It is worth paying a little extra for service that can save you from disaster. An on line platform will not remind you to manage risk.
I would recommend him. His email is : cth6328@hotmail.com .
The Man AUD Capital guaranteed fund closed on Friday and for those who invested or invested in previous Man AUD funds the outlook for the AUD has turned positive. The yield carry over the US Dollar is 3 % and Australia last week signed a free trade agreement with the ASIAN group. Total exports to this group are more than their exports to the US and Europe.
Australia has problems but the impression is that commentators who are dwelling on them have lost perspective that the problems of the US may be worse. The AUD looks relatively well placed.
Attached is a chart of the AUD showing a shakeout last week before a substantial rise. Insiders are heavily accumulating the AUD under cover of extreme bad news. Most CNBC talking heads are still bearish the AUD as they run cover for their insider friends that run the hedge funds.
You may still invest in the AUD Man Diversified Fund which invests in a basket of managed futures as this is an opened ended fund. This is a good hedge should stock markets underperform in 2009. Man is actively managed and profits in both upand down markets as opposed to stock unit trusts which only profit in upmarkets.
I am very wary of scenario trading- a fund which is long only is a scenario trade. It is based on the premise that stocks just like property only go up over the long term. Tell that to California home owners who have seen the value of their houses drop an average of 40 % or buy and holders of shares around the world have lost upwards of 50 % of their share investments.
In time buy and holders may recover their money but unfortunately we live in the now and have needs now that must be satisfied. Active management that allows trading trends in both sides of the market solves this problem. Unfortunately those with opinions and ego problems have a difficult time facing reality- and unfortunately they may pay the price. Bias in the news is always to buy share unit trusts as the unit trust companies support the newspapers with large ad revenue unlike Man who does not advertise
I suppose I am biased to the risk management trading approach but that is because my main focus for my clients is capital preservation during difficult times.
Have a good week
Bill
Friday, March 20, 2009
Thursday, March 19, 2009
Wednesday, March 18, 2009
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