If you have long the market when the EMA crossed this morning (which I did since it is at the support level..buy @ support), you have to look for exit right now. This is because it is evidently the market is getting weaker, and up move is not guaranteed. 1120 should be the near [...]

Everyone knows Genting is a quality share. It gives good dividend yield every year. After it has broken out from the RM5.75 resistance, it is going to test the next level @ RM6.20. It seems like the strength is coming in the last few bars. I would buy and put my STOP LOSS @ RM5.60. [...]

After DJIA up for 331.62, KLOFFE only gapped up about 10 points. The KL market is not responding to the US up move positively. Since this morning, it has been dropping with some rebounds occasionally.  Go short if it fall below the 1130 level (yesterday’s closing).

If you have SHORT according to this morning recommendation, it is time to take profit. High volume down bar with closing in the middle could indicate possible retracement. In addition, 1120 is the near term support.
However if you’re intermediate term trader and intended to carry trade overnight, you could do so today. The next [...]

This morning, the KLOFFE has a nice down move follow through, indicating that it is beginning to mushroom down. 1130 is the support level. Short KLOFFE when it breaks through that level. However, if it reverse and breaks out 1145, possible long position will be called. However, at this moment, the pattern is bearish.