There are lots of goods news from US. First, AIG posts first profit in 7 quarters. Second, Obama signs 'Cash for Clunkers' extension into law. Third, optimism of US Industrial Companies Jumps: Survey. Forth, job losses slow, jobless rate dips.
These are really encouraging news. As a result, US stock markets jumps on Friday. I think these good news could be able to fuel our KLSE to a higher peak. If these good news still can't able to move our stock market higher, then i am going to trim my portfolio, as a correction is very likely to take place soon.
For the last few days, the whole market had been overshadow by the worry of US jobs data. Now it is proven that the worry is unnecessary. Job losses slow, jobless rate dips. This is really a positive indicator.
Today, I am really happy that learn that more and more financial institutions are promoting call/put warrants. They are launching put warrants too! Great, this will certainly make our stock market more interesting. AmInvestment is going to launch more call/put warrants, so is Kenanga. But do remember, warrants are not suitable for all investors. It is a risky financial instrument for those without proper understanding and knowledge about the financial instrument.
Lately, i have been struggling to choose a side to stand whether the market is going to edge higher or there is going to be a short term correction. This is what i do, i monitor my portfolio more closely, once the uptrend is broken then i will immediately sold most of my portfolio. At the same time, i try to list down the stocks that i would like to have if a newly-energized uptrend is born.
Ok, enjoy your trading.
To be a millionaire, it is a matter of preparation, preservation and passion!
GOon
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