Biz Direct MarketKnowing When To Make A Good Decision

Continuing economic developments in this vibrant country has lifted the Vietnam equity market to a new 17-month high. The VN index of HOSE rose as high as 594.32 points before settling at 580.90 points. The 595 points level is a 38.2% Fibonacci level from the 2-year bear trend that started from the highest level in the index in March 2007 to the low in February 2009. The benchmark index rose 34.2

Rubber futures prices soared to 11-month in mid of September at JPY$218.4 per kg after breaking the JPY$214 resistance level in a second attempt but the rally failed to extend further. Price of rubber futures (RSS3) in TOCOM then pulled back 7% to close at JPY$199 on September 30 lower than the closing price a month ago. Rubber price fell JPY$12.7 or 6.8% month-to-month.The short term 30-day

The Malaysian equity market moved into a minor correction after making a 15-month high in the previous week. The FBMKLCI shed 9.71 points or 0.8% in a week to settle at 1,208.35 points Thursday. The local market was rather defensive and did not rally like the rest of the regional markets. Investors and traders were not so confident about the market making new highs and started to take profits.

A month ago I wrote in this column that the market has a good chance of dropping to around 90 or even lower. On September 17th the market created a short term bottom at 88.22.Although the market is currently rising, at 89.96, the rise is expected to be very short-lived. Another drop is expected soon, to test the December 17, 2008 low of 87.11.Click here to continue reading (Market Insight):***

Wall Street was bullish last month as investors were anticipating favourable outcome from the 2-day FOMC policy meeting end September. The DJI climbed 125.90 points or 1.3% in a month to close at 9,665.19 points. The benchmark index went as high as 9,918 points but failed to hold after the FOMC meeting ends and the Fed announced that the US economy is on the road to recovery. Investors were quick

The market faces heavy resistance when the FTSTI is at 2,700 points level. The market has been testing this level 4 times in the past one month but failed to break above it. The last test on the resistance level was on the 23rd of September and then fell for two days to close at 2,662.82 points on the 25th. It was another yo-yo month for the Singapore equity market which has gone into a bullish

The market opened positively Wednesday with a new year high after the Aidilfitri holiday. The FBMKLCI opened 10 points higher from the closing before the holiday to 1,231.33 points Wednesday. However, the bullish sentiment was not sustainable as regional markets start to weaken and investors lock in profits. The benchmark index then fell to 1,219.07 points. Another 1 point is taken away from the

Continued from Part 1…DAY 2 EXITThis is a two day trading strategy. Day two is about profits. There is no intention to extend this trade into a third day. Prior to the open our focus is on the order lines. We look for evidence that buying pressure is continuing. There are two ways to determine this.The first uses the estimated match price. This is set at $0.61 and represents a gap above the

The market extends its bullish rally last week as sentiments continue to improve. The FBMKLCI gained for the 4th consecutive week. The FBMKLCI rose another 17.52 points or 1.45% from the previous week to close at 1,218.80 points, another high for this year. The benchmark index traded in a narrow trading range between 1196.46 and 1,220.47 points. With a long break coming ahead of the Hari Raya

Corporate Malaysia was stunned by the surprise appointment of the 51-year-old (now former) Malaysia Airlines managing director/chief executive officer, Dato Seri Iris Jala @ Idris Jala as minister to oversee the implementation of the governments key performance indicator (KPI) initiatives.The main question on everyones mind is, has he been deployed to a position where he can deliver results?