It was a choppy week again for the market. The range of the week for Hang Seng Index spot futures was traded between 19967-20835 (868); while for KLCI Index futures, trading range was between 1704.5-1723.0 (18.5).
For those who are holding stocks, there might be no big difference in price fluctuation, unless the speculation stocks you are holding moved dramatically. For those who are in index trading, it is a good opportunity to make money provided you stand on the right side; if not stay away from volatility if you couldn't take it. It could be a bored session in the market if the stocks you are holding is not moving yet. But, be patience.
We see Hong Kong market might consolidate between 20000-21000; and for KL market, index will range between 1700-1730 in short term. The market need catalysts to break the upside resistance or downside support...
Ringgit is strengthened against USD again as we can see 1USD~RM3.88 today. We will monitor the currency market closely.
Since we just bought a property last week, we'll be spending more time in our new portfolio compare to the current market. However, we are trying to be multitasking so we wouldn't miss out any making money opportunity.
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