The Magic Number for Dow Jones, Hang Seng and Nikkei

Here's the 3 number that you should not forget:

1. Dow Jones: 15,000 points
2. Hang Seng: 20,000 points
3. Nikkei:        15,000 points

Last week, global equity market sentiment turned negative when Dow Jones got bashed down below 15,000 and Hang Seng got sold down below 20,000. Reason is QE may end soon, hence SELL.

And then US released its 1Q2013 GDP growth of 1.8% (which is below market expectation). GUESS WHAT? Market think that QE will continue because of this and equity market rebound.

CHANGE IN STRATEGY NOW IT'S TIME TO BUY:

Follow the market, now it's time to BUY... 3 stocks to look at are:

1. YEE LEE (Good earnings in 1Q13 growing > 100%, maybe the last consumer stocks with PE at only 7x)
2. IJM PLANTATION (FFB growth > 40% in April and May, meaning results can still grow YoY despite low CPO prices)
3. MAS (only for daredevil, don't expect the stock to come down below 30 sen due to strong GLC support. Trade and sell at 34 sen).

WHEN STOP BUYING

>> When KLCI touch 1785. Now KLCI about 1760, so about 25 more points to play.
>> When Nikkei touch 14,500. Now Nikkei is about 13,600. So about 900 more points to go.