TradeVSA Digest Week 15 July 22, 2019
No change of attitude between Trump and Xi as they “talked” about resolving the US-China trade war issues. One day we sit and talked and another, we disagreed. With this form of trade resolution, I believe it will be another 6-9 months. Going forward, US interest rates cut in Q3 2019 is the “talk of every analyst” to spur US economy, which is currently doing well, by the way. The stock market will continue to climb on the backdrop of cutting rates amidst of wall of worries of many risk factors like slowing growth, trade war with China and US. On our Bursa Malaysia, foreign funds continue to flow out driving the market lower, however there’s a opportunities on the small cap counters. Look for them.
KLSE Market Update
Stock Bullish Ratings: 55.5 %, KLCI (KLCI)
KLCI last close (19 Jul 2019) was RM 1658.19, +9.260 (+0.56%).It’s also 3-Month high. This market condition is considered to be slight bearish. KLCI has strengths in the background in the last 30 bars. KLCI Pentagon Guider is orange trendzone, Bearish. As a guideline, please EXIT or Think to sell when counter KLCI is trading below ATR Stop loss. KLCI now trades BELOW ATR Stop Loss. The probability of next few bars uptrend: 57%. Wait for Pentagon Guider to turn Red to Sell!
SGX Market Update
DJIA Market Update
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