However, volume is very low !
Thursday, July 09, 2009
Wednesday, July 08, 2009
Tuesday, July 07, 2009
Monday, July 06, 2009
9:34 am - Market Outlook from Bill Wermine !
Dear Traders,
Expect a 300 to 400 drop in the Dow and a drop in UK European markets and a short rally in the USD in the short term as fear grips the markets - perhaps to mid August. Use this rally to offload any US Dollars or US assets - central banks around the world will use any rally to offload their USD.
The US economy has not bottomed despite the talking heads on CNN/ CNBC and Bloomberg. Unemployment is at a 26 year high, the average work week in June fell to 33 hours, the lowest on record since 1964, house prices are still falling, foreclosures are up, California is bankrupt, the government has nationalized the auto companies, Citi Bank, AIG, Fanny Mae and may soon pass a cap and trade bill which will increase taxes, create a huge new bureaucracy and raise the prices of energy-
My brother just retired and took a holiday accros America. He told me of boarded up shopping complexes and a mood of uncertainty-
The US is moving to socialism the same as Europe. It will mean more regulations, less freedom and slower growth.
The KLSE is holding up well and use this opportunity to sell all your speculative shares- especially those that have had a good run. Only hold super blue quality dividend shares.
For CPO and CI futures traders, I wish to share some advice from Dr Janice Dorn, Trading Psychaitrist and writer of the Trading Doctor.
When I first started trading grain futures 20 years ago, I noticed a pattern in my trading. Every time I made a big profit- I would give most of it back on the next trade.
This happened several times and cost me a lot of hard earned profits and I never knew the reason. I finally committed to taking a holiday every time I made a big winner and stop trading for at least a couple of weeks. My account grew after this but even so I never knew the reason until reading Dr Dorn's blog about a month ago.
The reason is that we have a chemical in our brain called dopamine. The word dope comes from this word. Dopamine is the greed chemical. A big winner will release this chemical and in order to get another dopamine fix we will aggressively get back into the market to make another kill. Emotion will blind us. We will disregard our trading plan. We will forget about position sizing.
and we all know the result.
The reason Genting casino has all the lights, and 3 million dollar jackpot signs, Mercedes S class cars waiting to be won is to stimulate player's dopamine. The world class entertainment are all designed to release dopamine and get us to lose all our money at the tables.
There is another chemical in our brain called serotonin. This is the fear chemical. It happens after a big loss and can cause us to crawl into our shell and make us afraid to pull the trigger. I am not sure how this chemical works and will ask Dr Dorn to clarify.
If you wish to subscribe or wish information contact her at support@thetradingdoctor.com . She is the real deal.
Have a profitable week ahead
Bill
Expect a 300 to 400 drop in the Dow and a drop in UK European markets and a short rally in the USD in the short term as fear grips the markets - perhaps to mid August. Use this rally to offload any US Dollars or US assets - central banks around the world will use any rally to offload their USD.
The US economy has not bottomed despite the talking heads on CNN/ CNBC and Bloomberg. Unemployment is at a 26 year high, the average work week in June fell to 33 hours, the lowest on record since 1964, house prices are still falling, foreclosures are up, California is bankrupt, the government has nationalized the auto companies, Citi Bank, AIG, Fanny Mae and may soon pass a cap and trade bill which will increase taxes, create a huge new bureaucracy and raise the prices of energy-
My brother just retired and took a holiday accros America. He told me of boarded up shopping complexes and a mood of uncertainty-
The US is moving to socialism the same as Europe. It will mean more regulations, less freedom and slower growth.
The KLSE is holding up well and use this opportunity to sell all your speculative shares- especially those that have had a good run. Only hold super blue quality dividend shares.
For CPO and CI futures traders, I wish to share some advice from Dr Janice Dorn, Trading Psychaitrist and writer of the Trading Doctor.
When I first started trading grain futures 20 years ago, I noticed a pattern in my trading. Every time I made a big profit- I would give most of it back on the next trade.
This happened several times and cost me a lot of hard earned profits and I never knew the reason. I finally committed to taking a holiday every time I made a big winner and stop trading for at least a couple of weeks. My account grew after this but even so I never knew the reason until reading Dr Dorn's blog about a month ago.
The reason is that we have a chemical in our brain called dopamine. The word dope comes from this word. Dopamine is the greed chemical. A big winner will release this chemical and in order to get another dopamine fix we will aggressively get back into the market to make another kill. Emotion will blind us. We will disregard our trading plan. We will forget about position sizing.
and we all know the result.
The reason Genting casino has all the lights, and 3 million dollar jackpot signs, Mercedes S class cars waiting to be won is to stimulate player's dopamine. The world class entertainment are all designed to release dopamine and get us to lose all our money at the tables.
There is another chemical in our brain called serotonin. This is the fear chemical. It happens after a big loss and can cause us to crawl into our shell and make us afraid to pull the trigger. I am not sure how this chemical works and will ask Dr Dorn to clarify.
If you wish to subscribe or wish information contact her at support@thetradingdoctor.com . She is the real deal.
Have a profitable week ahead
Bill
9:21 am - FKLI is ready to test support low @ 1063 today !
This is the 3rd test to break 1063/1064 level.
Friday, July 03, 2009
Thursday, July 02, 2009
Wednesday, July 01, 2009
Thursday, June 25, 2009
Wednesday, June 24, 2009
Tuesday, June 23, 2009
Monday, June 22, 2009
12:26 pm - Look at the high volume of DJIA
This is very significant. IF DJIA can close above 8,600, we wud see higher DJIA.
12:24 pm - FKLI is recovering now as HSI and regionals are up !
Shang Hai Index have made new high !
10:50 am - Market Outlook by Bill Wermine
Dear Traders,
Today we held our Traders Club meeting in Penang at the Evergreen Laural Hotel with a reasonable response and an insightful market outlook from Mr Pong of Jupiter Securities.
His outlook was mildly bullish and he forecasts an L shaped recovery in months ahead. The US banking problems are being worked out. Sentiment is gradually improving. Weekly US unemployent numbers are dropping. The KLSE stockmarket climb will be slow with many bumps and will correlate with the Dow Jones recovery. He is not in the camp of the doomsters that the March lows will be tested
He recommended just as I and Martin to deal in high quality dividend shares and manage risks.
Of the 17 graduates who attended our club meeting today only one is taking advantage of the 0.05 % commission rates that Jupiter charges. Some are paying 0.6 % which is 12 times higher than the Jupiter commission and some 0 .42 with some on line brokers. Wake up and get real. Call Julian at 03 2034 1888 to open a Jupiter on line account and start adding to your bottom line
Trading is a business and to succeed we need to manage our costs. We must pay wholesale(tiger) rates not retail (sheep) rates.
With Jupiter if you trade size you only need 1 tic to make a profit.
Despite the doom and gloom, Penang locals, like Singaporeans are resilient. The have high savings rates, are very thrifty, are motivated to gain trading knowledge and based on those who came to our presentation today are optimistic for a brighter future down the road.
For those who wish to actively manage and diversify their assets, Man has launched a new AHL capital guarantee fund which will close on 3 July. It is in AUD which is in a recovery mode so you have the potential to make money on the currency as well as fund performance.
Performance on AHL was mildly positive in May after 3 months of losses however the AUD has made a dramatic recovery versus the RM so we gained overall. Attached is the fact sheet and give me or Martin a call if you wish to invest.
Have a profitable week
Bill
Today we held our Traders Club meeting in Penang at the Evergreen Laural Hotel with a reasonable response and an insightful market outlook from Mr Pong of Jupiter Securities.
His outlook was mildly bullish and he forecasts an L shaped recovery in months ahead. The US banking problems are being worked out. Sentiment is gradually improving. Weekly US unemployent numbers are dropping. The KLSE stockmarket climb will be slow with many bumps and will correlate with the Dow Jones recovery. He is not in the camp of the doomsters that the March lows will be tested
He recommended just as I and Martin to deal in high quality dividend shares and manage risks.
Of the 17 graduates who attended our club meeting today only one is taking advantage of the 0.05 % commission rates that Jupiter charges. Some are paying 0.6 % which is 12 times higher than the Jupiter commission and some 0 .42 with some on line brokers. Wake up and get real. Call Julian at 03 2034 1888 to open a Jupiter on line account and start adding to your bottom line
Trading is a business and to succeed we need to manage our costs. We must pay wholesale(tiger) rates not retail (sheep) rates.
With Jupiter if you trade size you only need 1 tic to make a profit.
Despite the doom and gloom, Penang locals, like Singaporeans are resilient. The have high savings rates, are very thrifty, are motivated to gain trading knowledge and based on those who came to our presentation today are optimistic for a brighter future down the road.
For those who wish to actively manage and diversify their assets, Man has launched a new AHL capital guarantee fund which will close on 3 July. It is in AUD which is in a recovery mode so you have the potential to make money on the currency as well as fund performance.
Performance on AHL was mildly positive in May after 3 months of losses however the AUD has made a dramatic recovery versus the RM so we gained overall. Attached is the fact sheet and give me or Martin a call if you wish to invest.
Have a profitable week
Bill
Friday, June 19, 2009
12:24 pm - I am off to PG today for a Swing Traders Club Meeting at Evergreen Laurel Hotel - Sat 19 Jun 2009.
If you live up in the Northern regional, I love to see you all in PG !
No posting for the time being.
http://klse2118.blogspot.com/2009/06/1119-am-traders-club-in-penang-this.html
No posting for the time being.
http://klse2118.blogspot.com/2009/06/1119-am-traders-club-in-penang-this.html
Thursday, June 18, 2009
Wednesday, June 17, 2009
11:20 am - Traders Club Meeting in Penang Sat 20 June 09
Dear Traders,
We will be holding our Traders Club in the Evergreen Laural Hotel, Penang from 10 AM to 1 PM on Saturday 20 June.
Martin will speak on timing the gold market. Mr Pong of Jupiter Securities will share his market outlook and also share opportunities by on line trading with Jupiter, the cheapest brokerage commission in Malaysia- only RM 8 or 0.1.
We welcome any questions you might have on shares or the market.
Regards
Bill
We will be holding our Traders Club in the Evergreen Laural Hotel, Penang from 10 AM to 1 PM on Saturday 20 June.
Martin will speak on timing the gold market. Mr Pong of Jupiter Securities will share his market outlook and also share opportunities by on line trading with Jupiter, the cheapest brokerage commission in Malaysia- only RM 8 or 0.1.
We welcome any questions you might have on shares or the market.
Regards
Bill
Tuesday, June 16, 2009
12:52 noon - DJIA cannot selldown to 8,500 level !
Else we wud see lower low DJIA and the same goes for KLCI !
Monday, June 15, 2009
9:19 am - FKLI begin to selldown now !
Watch out for FKLI selldown today ! Get out of your LONG position
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