1. DJIA declined 276.1 points or 2.3% overnight amid concern European leaders may have problems to raise funds to contain its debt crisis. My view: China may not necessary want to help Europe with free money, definitely they will ask for something, e.g. to allow free trade of China products into Europe.
2. Yesterday surge of 10 points happened when most Asian markets are down. E.g. Hang Seng down 154 points or 0.8% and Nikkei down 62 points or 0.7%. My view: Malaysia boleh? Maybe not today...
3. From technical point of view, KLCI Relative Strength Index or RSI has reached 66, very close to overbought level of 70. My view: With many issues of global market remain unresolved, KLCI short term bullish trend may have come to an end.
This blog is related to observations regarding stocks traded in Malaysia. Disclaimer: The company analysis that appear in this blog is merely facts gathered from different sources and the author's personal view. It is not a buy or sell recommendation. The author do not guarantee the accuracy of the facts being presented. Please consult your investment advisors before acting on any information provided by the analysis above.
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