Apr 16
KLCI dips on profit-taking despite positive breadth; global optimism persists on peace hopes, while investors stay cautious amid evolving geopolitical risks. #bursa
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KLCI dips on profit-taking despite positive breadth; global optimism persists on peace hopes, while investors stay cautious amid evolving geopolitical risks. #bursa
FBM KLCI Retreats as Profit-Taking Weighs; Global Equities Mixed
Wall Street Rises, KLCI Consolidates Amid Foreign Profit Taking
Wall Street ended positively, supported by strong economic data, particularly lower jobless claims. The Dow Jones Industrial Average (DJIA) rose 260 points, while the Nasdaq gained 108 points. The US 10-year yield also edged up to 3.796%. In Hong Kong, the Hang Seng Index (HSI) continued its upward trend, reaching a 14-month high near 20,000. Positive sentiment was bolstered by President Xi…
Selling pressure from foreign investors may limit gains from local funds
The FBM KLCI rose by 0.2%, recovering in the final hour of trading despite concerns about a potential economic slowdown following a drop in US consumer confidence data. While lower liners were weaker, the plantation sector performed well, gaining 1%. Market Outlook The market is expected to consolidate, with the FBM KLCI remaining range-bound between 1,635 and 1,680. Selling pressure from…
Possible Take Profit
Stocks printed a new daily cycle high on Monday. Monday was a day 16 for the daily equity cycle. The new high on day 16 shifts the odds towards a right translated daily cycle formation. Stock are now getting a bit stretched above the 10 day MA and may need to consolidate to allow the 10 day MA catch up to price. Stocks are also stretched above the 10 week MA. And stocks are running into…
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STERLING Great British Pound (GBP) is in the "sick" bay? Bond markets have taken in their stride the trillions of dollars in pandemic spending by governments, but investors in currency markets are getting nervous about countries' remaining fiscal firepower. With the developed world largely out of room to cut interest rates further, investors are increasingly
Stocks Break Out To New Highs
Stocks Break Out To New Highs
Stocks broke out to all times highs on Monday.
Monday was day 17 for the daily equity cycle. The new high on day 17 begins to shift the odds towards a right translated daily cycle formation. Notice that there are bearish divergences beginning to appear on the oscillators as stocks are starting to get a bit stretched above the 10 day MA. With stocks at all time highs we need to be alert that…
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Executive marketing: Be mindful of how deal collectives punish profits
Executive marketing: Be mindful of how deal collectives punish profits
Be careful how you structure your ‘deals’, say researchers from the University of San Diego and University of Arizona. This research group’s latest paper highlights the rise of deal collectives that exploit ill-designed deals that give away more than companies intended.
The media is full of examples of deals that went south. The Visa Signature Luxury Hotel Collection offered a “buy one, get…
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