KLSE Truth Revealed :)- martin_tf_wong@hotmail.com


4:33 pm – FKLI is moving sideway after lot of stops been hit !

February 22, 2010 By: martinwo Category: FKLI

FKLI - 22 Feb

Market Report by Bill Feb 22-25, 2010

February 22, 2010 By: martinwo Category: Uncategorized

Dear Traders,

Our short TLT trade is working. This is a bet on a weaker US Bond Market and higher US Interest Rates.

Technically the chart is in a downtrend channel.

Fundamentally, TLT short is supported because the China Investment Corp (CIC) sold a net 34 Billion in US Treasuries and took a 1.45 million share position in GLD, the gold ETF as well 2 million shares of OYL, the oil ETF.

They also took a 3.5 USD billion position in Canada’s TEC resources.
Why would any investor in his right mind lend money to a dead beat borrower and I think the Chinese are waking up to that fact.

The US is creating vast amounts of money out of thin air and what backs it up ? The promises of Bernenke and Obama ?
In my opinion production of sellable goods creats growth and jobs- this is real effort and efficient use of capital.
I read that there are over 30,000,000 government servants in the US and only 29,000,000 workers in the manufacturing industries that produce real goods for sale. This is a dramatic reversal from 1980 when there were less than 8 million government servants and 40 million manufacturing workers.

What does a government bureaucrat produce and how does he create growth and jobs?

Read the rest of this entry →

12 noon – DJIA has broken the resistance at 10,300 and closing above it !

February 22, 2010 By: martinwo Category: US Market

Wud see some profit taking soon !

DJIA - 22 Feb

11:58 am – A lot of stops been hit today !

February 22, 2010 By: martinwo Category: FKLI, General

FKLI - 22 Feb

3:53 pm – DJIa has broken out on low vol !

February 19, 2010 By: martinwo Category: Uncategorized

No a good sign in the short term, at least …

DJIA - 19 Feb

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