FKLI Futures Trading - Bursamalaysia
This will chronicle trading in the FKLI & FCPO futures. If you don't like what you see/read in this blog, just surf away. These opinions are our personal opinions and just a record of our thoughts..."In evolution, it’s not the biggest, the fiercest nor the smartest that survive, it’s the one that changes the fastest.” I.e. the key word is to adapt the trading style to the markets, until it stops working
Friday, June 30, 2006
Bursamalaysia Indices malaise-A sign of relative weakness?
20060630 2:15 pm The Bursamalaysia indices, whether it be the KLCI of rhe FTSE indices all show a relative underperformance compared to other stock indices in the region. This is a characteristic which is symptomatic of the Malaysian share market, a state of malaise that the country should be ashamed of, and measures need to address this. However it does provide a clue as to the relative strength of the local bourse vis a vis other markets in the region. One thing to note is that the only difference the new index series provide is the four letters "FTSE" in front of the name. For all intents and purposes, they convey the same information, then the question remains: Why have new indices that give essentially the same information anyway?
Thursday, June 29, 2006
Wednesday, June 28, 2006
Tuesday, June 27, 2006
Monday, June 26, 2006
Thursday, June 22, 2006
Friday, June 16, 2006
Thursday, June 15, 2006
Wednesday, June 14, 2006
20060614 3:52 pm. Cash index broke long term trend line from yesterday. Looks like could retrace back to that trendline. FKLI has rebounded from low of 872 this morning to 881 currently, pointing to high probability of the cash index coming back up to test the trendline.
There is something to be said for the current market turmoil, which many commentators, analysts and experts attribute to inflation fears and interest rate fears. This is all crap, there is a positive correlation between interest rates and the stock indices. In 2002, during the height of the 'tech wreck', the S&P500 index was at 880 points, the Fed Funds rate was at 1.25%. Right now 2006, the S&P500 wis currently 1235, and Fed Funds rate is 5.00%. Anybody with any rational thought will see that as interest rates went up, the S&P500 stock index went up.
Tuesday, June 13, 2006
Monday, June 12, 2006
Friday, June 09, 2006
Thursday, June 08, 2006
Tuesday, June 06, 2006
"There is the plain fool who does the wrong thing at all times anywhere, but there is the Wall Street fool who thinks he must trade all the time."J Livermore
THE END OF AN ERA
From Dragons and Bulls by Stanley Kroll
Intro and Foreword
The Importance of an Investment Strategy
5 The Art of War, by Sun Tau (circa 506 BC) and The Art of Trading Success (circa AD 1994)
That's the way you want to bet/a>
Long-term v Short term trading
Technicals v Fundamentals
Perception v Reality
Part 1: Winners and Losers
Part 2: Winners and Losers
Sun Tzu: The Art of War
Those who tell don't know, those who know don't tell
Why there is no such thing as a "bad market"
The Secret to Trading Success
The Experts, do they know better?
Risk control and money management
The 'good bets' business by Larry Hite
Don't lose your shirt
Ed Sykota's secret trend trading system