5:18 pm – KLCI has broken below 1270 level !
Archive for December, 2009
9:21 am – Market Report by Bill Wermine Dec 7-11, 2009
Dear Traders,
One of our members attended the Jupiter structured warrants presentations Saturday and below are his comments. For those who are interested in this product, Casmer’s report is insightful. You should read this before you invest in this product.
The US Dollar had a massive rally Friday on better than expected unemployment numbers. Unemployment dropped from 10.2 % to 10 %. All the cheerleaders from CNBC, CNN, Bloomberg proclaimed that recovery is on track and is time to buy shares, sell your gold, and buy the US Dollar.
Even Obama’s secretary of labor/ secretary of the treasury were interviewed and said Obama is making major efforts to put America back to work and the economy is now on its way to recovery. I do not buy the hype and propaganda. Turning around a huge ocean liner takes time and the structural problems will not magically vanish.
10 am – Chart of the Week – Guiness Anchor for week Dec 7-11, 2009
Here is a swing trade for Guiness Anchor.
Buy if it take out the high of RM6.90. Put your stop loss at RM6.76 and your profit target at rm7.20.
