Just a few days ago on Black Monday, the market was in extreme panic, and everyone thought the stock disaster was coming. I told everyone that the market would soon hit bottom and bounce back.
In the past few days, the market has indeed rebounded. Those who did not participate in this wave of rises are experiencing the Fear of Missing Out (FOMO) and have been constantly looking for stocks to buy.
In the financial markets, greed and fear are human weaknesses. Once you understand these two things, you basically won't chase the rise and fall every time.
This market sentiment index is a very useful tool for observing what stage the market is currently in. On Monday, when the market was in extreme panic, the index fell to around 4-5. Four days later, there was a major reversal, rising to 88, also indicating that the market was getting excited, and soon there will be an adjustment.
The key is if this round of correction can make a Higher Low, then basically this round of selling wave can be declared over. On the other hand, if the index falls below the recent low point during the correction, then it is very likely that a new round of downward wave is coming, which applies to both the US stock market and the Malaysian stock market.
Of course, my personal opinion is that there should not be a major decline in the short term, at most it will consolidate for a period of time, and the market will have a new direction after the peak period of performance.
Congratulations to those who have been following my live broadcast on Facebook and participating in this rebound, if you haven't, it's okay, keep following me and I will share more when there is an opportunity.
In the past few days, the market has indeed rebounded. Those who did not participate in this wave of rises are experiencing the Fear of Missing Out (FOMO) and have been constantly looking for stocks to buy.
In the financial markets, greed and fear are human weaknesses. Once you understand these two things, you basically won't chase the rise and fall every time.
This market sentiment index is a very useful tool for observing what stage the market is currently in. On Monday, when the market was in extreme panic, the index fell to around 4-5. Four days later, there was a major reversal, rising to 88, also indicating that the market was getting excited, and soon there will be an adjustment.
The key is if this round of correction can make a Higher Low, then basically this round of selling wave can be declared over. On the other hand, if the index falls below the recent low point during the correction, then it is very likely that a new round of downward wave is coming, which applies to both the US stock market and the Malaysian stock market.
Of course, my personal opinion is that there should not be a major decline in the short term, at most it will consolidate for a period of time, and the market will have a new direction after the peak period of performance.
Congratulations to those who have been following my live broadcast on Facebook and participating in this rebound, if you haven't, it's okay, keep following me and I will share more when there is an opportunity.
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Jayden Pang MW
liked and commented on
Although the rules of the game have changed...
But there are still bugs...
This bug should be 300% over a month
You can do some research and research...
But there are still bugs...
This bug should be 300% over a month
You can do some research and research...
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Jayden Pang MW
reacted to
Hi mooers! The MY Stock Paper Trading Competition officially ended on 01/12/2023 (ET)!
This competition received enthusiastic participation from mooers, with a total of 4778 mooers signing up!
Are you looking forward to the competition prize? Let’s announce the winners together!
Week 6 Leaderboard
In the last week of the competition stage, these mooers achieve the best results that week and win generous points rewards!
Week 6: 27/11/2023 (E...
This competition received enthusiastic participation from mooers, with a total of 4778 mooers signing up!
Are you looking forward to the competition prize? Let’s announce the winners together!
Week 6 Leaderboard
In the last week of the competition stage, these mooers achieve the best results that week and win generous points rewards!
Week 6: 27/11/2023 (E...
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Recently, the US stock market has risen to the point where people are doubting their lives, while the Malaysian stock market has only seen some low volume stocks hitting the trading limit one after another. The overall market sentiment is still not very good, indicating that the market has not reached a consensus theme. Let's hope that this round of US stock market will drive the Malaysian stock market to rise.
On the other hand, the decline in the US ten-year bond yield has improved market sentiment, suggesting that the Fed is likely to cut interest rates in June next year. However, from another perspective, the decline in the ten-year yield also means that there is an increase in demand for bonds, indicating that people are worried that the economy will enter a recession in the future.
However, in the short term, this is good news for the stock market because further tightening pressure has been reduced. Personally, I believe that the US stock market will experience a small bull run (The Malaysian stock market may have to wait, as the peak earnings period is approaching). I still hold my previous view that I believe the stock market will perform well in the next two years. However, before that, there may be a major correction, possibly happening in 2024Q1, at the latest Q2, and then it will be a time of wealth redistribution.
Don't go all in on this rally, remember to take profit when it's good, and prepare for the next round of decline.
On the other hand, the decline in the US ten-year bond yield has improved market sentiment, suggesting that the Fed is likely to cut interest rates in June next year. However, from another perspective, the decline in the ten-year yield also means that there is an increase in demand for bonds, indicating that people are worried that the economy will enter a recession in the future.
However, in the short term, this is good news for the stock market because further tightening pressure has been reduced. Personally, I believe that the US stock market will experience a small bull run (The Malaysian stock market may have to wait, as the peak earnings period is approaching). I still hold my previous view that I believe the stock market will perform well in the next two years. However, before that, there may be a major correction, possibly happening in 2024Q1, at the latest Q2, and then it will be a time of wealth redistribution.
Don't go all in on this rally, remember to take profit when it's good, and prepare for the next round of decline.
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Jayden Pang MW
reacted to
Hi mooers! The MY Stock Paper Trading Competition has been going on for a week, let’s see which users are ahead!
Week 2 Leaderboard
Period: 30/10/2023 (MYT) to 03/11/2023 (MYT).
Congratulations to all users who made it to the weekly leaderboard!
@Jayden Pang MW @tekka @Steven billions @Noob7 @Hafiz Asri
What is your favourite MY stock in papertrading?
Share your P/L (Profits/Losses) orders & insights of your favourite MY s...
Week 2 Leaderboard
Period: 30/10/2023 (MYT) to 03/11/2023 (MYT).
Congratulations to all users who made it to the weekly leaderboard!
@Jayden Pang MW @tekka @Steven billions @Noob7 @Hafiz Asri
What is your favourite MY stock in papertrading?
Share your P/L (Profits/Losses) orders & insights of your favourite MY s...
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Jayden Pang MW
liked
Recently, several stocks in the trades $SASBADI (5252.MY)$ 、 $IFCAMSC (0023.MY)$ and $DCHCARE (0283.MY)$Either stopped out when unable to break through resistance and encountered selling pressure, or got washed out in the middle of the trading session.
Normally, when encountering this situation (Stop-loss in three consecutive tradesIf my portfolio continues to decline by more than 10%, I will switch to a conservative mode and reduce the number or value of my trades. Coincidentally, the small cap index seems to be showing signs of reversal recently, and a short-term consolidation would be beneficial. Additionally, the KLCI futures for September are trading at a discount of around 20 points compared to the spot price, which suggests a bearish outlook for the market in September.
However, I am optimistic about the stock market at the end of the year, especially after the upcoming 12th Malaysia Plan review meeting and the fiscal budget in October.
Normally, when encountering this situation (Stop-loss in three consecutive tradesIf my portfolio continues to decline by more than 10%, I will switch to a conservative mode and reduce the number or value of my trades. Coincidentally, the small cap index seems to be showing signs of reversal recently, and a short-term consolidation would be beneficial. Additionally, the KLCI futures for September are trading at a discount of around 20 points compared to the spot price, which suggests a bearish outlook for the market in September.
However, I am optimistic about the stock market at the end of the year, especially after the upcoming 12th Malaysia Plan review meeting and the fiscal budget in October.
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Jayden Pang MW
liked
Both DW bar.
$SYSTECH (0050.MY)$ Couldnt resist DW after shaking out from VCP, small position only.
$SYSTECH (0050.MY)$ $TENAGA (5347.MY)$
$SYSTECH (0050.MY)$ Couldnt resist DW after shaking out from VCP, small position only.
$SYSTECH (0050.MY)$ $TENAGA (5347.MY)$
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