Wednesday, May 2, 2012

2/5/2012




All major world indices are in bullish signal , so do KLSE in the same bullish mode today. But what I observed DAX from 80pts -> 90pts -> 40pts -> Red. Beware on the market will be staying in red today for KLSE. 

Foreign Fund is still supporting the index with NET bought higher than NET sold. So the bear signal is still not strong enough although the Local Institution taking profit in these days. With the strong supporting from Foreign Fund, local retailer start picking up stocks and some of them are taking profit due to GE13 rumours are everywhere. The only worry for Local Retailer. 



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