After Market- 07/07/2008
The Market Close 6 points lower than last Friday(now at 1127.26). However the FKLI futures are up 9 points(from 1110 to 1119). This had close down the gap between the Cash market and futures from 25 points to less than 10 points.
This happened because the futures market are expecting the cash market to go down even further. The oil price drop, the protest in KL was a peaceful one, and politic although had been quite interesting last week but what happened only weaken Our Former DPM Anwar Ibrahim and Current DPM Najib. In another words it actually strengthen our current PM's position in the nation(this should be good sign for the short term market out look).
Dow Jones futures was up 28 points when the KLCI close yesterday.
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Market Preview- 8/7/2008
Politic-
Malaysian politic had been a bit quiet for the last 2 days. I suppose this is a good news, how ever you should be careful as some of our politicians are always hunger for attention. They will sure to find a way to surprise you....
Regional Market-
Dow Jones was down 56 points. It was up over 110 points in the morning(US time), however it turn red after lunch to the lowest -168.(it was a little bit wild in the US market last night).
Crude Oil-
Crude Oil price is very low now, USD141.00 Per Barrel(compare to 146 the other day).
Todays market.
I am expecting Malaysian market to be weaken at the begining today and then rebound a little bit before or after lunch hour. However what happen after 3pm that's nothing yet i can say.
Advise; long at the begining and then sell at strength(for short term)
for long term investment you can try to sell when the market rebound(the market should stay bearish for the rest of the month)
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