Posted by Keyman188 > 2020-06-03 14:03 | Report Abuse

Last whole month of May'20...rotation turnaround by Healthcare sector...Energy sector & Construction sector....

Only lately 1 / 2 days property sector joined the party but unfortunately very short live due to upcoming HOC proposal...

This month Mega Cap KLIC linked stocks chasing the trend but unfortunately too fast & too early......

Keyman188 very doubt this year unable to meet mid year window stressing trend...

Posted by Keyman188 > 2020-06-03 14:09 | Report Abuse

Since KLCI had reached Keyman188 expected level...


1st level...1443

https://klse.i3investor.com/servlets/forum/906056786.jsp


2nd level...1480

https://klse.i3investor.com/servlets/forum/906151979.jsp


3rd level...1510

https://klse.i3investor.com/servlets/forum/906178950.jsp


Time to take a good rest & breath to battle upcoming momentum...

More important criteria is current market price not much "meat" to eat...

No matter you are long term value investors or traders...no point to challenge current market pricing...

^^^Just look at current healtcare sector, market has given pretty good lesson to all traders...

Posted by Keyman188 > 2020-06-03 15:29 | Report Abuse

Definitely over over heated......

KLCI YTD only dropped by 3.40% only...(early YR 2020 was 1588.76)...

Unbelievable...even though economic data not pretty...

Posted by Keyman188 > 2020-06-05 14:34 | Report Abuse

Too sad to say...Keyman188 had disposed 88/99 shareholding this whole week...

The reason behind due to "Big Boys"..."Big Players"..."Institutions"... ridiculous pushing up overall market until super duper high valuation...

The real current share price unable to jive with real economic data...individual company performance...

Despite a lot of stimulus packages flow into market but overall market had turned into irrational uncontrollable mode...

Even though long term value investors shall not so much border the current emotional market momentum but also need to be cautiously taken safety measurement & deployment of "Hard Earn" funds to defense upcoming unprecedented downside risk...

Keyman188 will take a good rest & waiting outside "Window" to observe & understand the market 1st before reentering into this violence market...


^^Last word from Keyman188......"Money always unable to earn until maximum...be cautious when market totally irrational & uncontrollable..."


To Be Honest to all newbies...put more alert what you invest...what you bet in the market......


Bye......Happy Trading

Posted by Keyman188 > 2020-06-06 20:20 | Report Abuse

温兴提醒,见好就收......

Just sincere reminder, once you reached your desired target, time for taking rest & breath...

Opportunity always will be given for those well prepare...

Posted by apolloang > 2020-06-06 20:22 | Report Abuse

acoustech the 1st UMA since PN is the govt

Posted by Keyman188 > 2020-06-07 11:15 | Report Abuse

温兴提醒,见好就收...... 

Just sincere reminder, once you reached your desired target, time for taking rest & breath... 

Opportunity always will be given for those well prepare...


**Sometimes great advice must repeat & repeat to coach people' brain...

Posted by Keyman188 > 2020-06-07 15:29 | Report Abuse

A ‘misclassification error’ made the May unemployment rate look better than it is. Here’s what happened.

June 6, 2020 at 10:57 AM EDT

When the U.S. government’s official jobs report for May came out on Friday, it included a note at the bottom saying there had been a major “error” indicating that the unemployment rate likely should be higher than the widely reported 13.3 percent rate.

The special note said that if this “misclassification error” had not occurred, the “overall unemployment rate would have been about 3 percentage points higher than reported,” meaning the unemployment rate would be about 16.3 percent for May. But that would still be an improvement from an unemployment rate of about 19.7 percent for April, applying the same standards.

The Bureau of Labor Statistics, the agency that puts out the monthly jobs reports, said it was working to fix the problem.

“BLS and the Census Bureau are investigating why this misclassification error continues to occur and are taking additional steps to address the issue,” said a note at the bottom of the Bureau of Labor Statistics report.

Some took this as a sign that President Trump or one of his staffers may have tinkered with the data to make it look better, especially since most forecasters predicted the unemployment rate would be close to 20 percent in May, up from 14.7 percent in April. But economists and former BLS leaders from across the political spectrum strongly dismissed that idea.

“You can 100% discount the possibility that Trump got to the BLS. Not 98% discount, not 99.9% discount, but 100% discount,” tweeted Jason Furman, the former top economist for former president Barack Obama. “BLS has 2,400 career staff of enormous integrity and one political appointee with no scope to change this number.”

Economists say the BLS was trying to be as transparent as possible about how hard it is to collect real-time data during a pandemic. The BLS admitted that some people who should have been classified as “temporarily unemployed” during the shutdown were instead misclassified as employed but “absent” from work for “other reasons.”

The “other reason” category is normally used for people on vacation, serving jury duty or taking leave to care for a child or relative. These are typically situations where the worker decides to take leave. But in this unusual pandemic circumstance, the “other reason” category was applied to some people staying at home and waiting to be called back.

This problem started in March when there was a big jump in people claiming they were temporarily “absent” from work for “other reasons.” The BLS noticed this and flagged it right away. In March, the BLS said the unemployment rate likely should have been 5.4 percent, instead of the official 4.4 percent rate. In April, the BLS said the real unemployment rate was likely about 19.7 percent, not 14.7 percent.

Economists said the big takeaway is that it’s hard to collect real-time data during a pandemic and that while the unemployment rate remains high — likely more than 16 percent — it has declined a little from April.

The unemployment rate comes from a survey where Census workers ask about 60,000 households questions about whether they are working or looking for a job the week of May 10 to 16.

One of the first questions that gets asked is did the person do any work “for pay or profit?” There are then 45 pages of follow up questions that come after that. One of those questions asks if someone was “temporarily absent” from the job and why that absence occurred. One of the responses is “other.”

The BLS instructed surveyors to try to figure out if someone was absent because of the pandemic and, if so, to classify them as on “temporary layoff,” meaning they would count in the unemployment data. But some people continued to insist they were just “absent” from work during the pandemic, and the BLS has a policy of not changing people’s answers once they are recorded. It’s how the BLS protects against bias or data manipulation.

Former staffers said it’s unusual that the BLS was not able to correct this problem faster.

“It’s surprising the BLS couldn’t come up with fixes to make this work in May,” said Erica Groshen, the former BLS commissioner under Obama. But, she adds, “This is a very unusual situation. There are lots of field staff who had a tried and true way of asking questions and they were doing what they were used to doing.”

The only political appointee at the BLS is the commissioner, who, Groshen said, does not have access to the data and only sees the finalized report.

“The commissioner never sees the job report before it is final. As commissioner, I did not have access to the underlying data,” Groshen said. “This is a highly automated process.”

Instead of focusing on possible Trump interference, many economists wish people would focus on the fact that 21 million Americans are currently unemployed and over 2 million have permanently lost their jobs.

Posted by Keyman188 > 2020-06-07 15:30 | Report Abuse

##https://www.washingtonpost.com/business/2020/06/05/may-2020-jobs-report-misclassification-error/

Posted by Coffin Dance > 2020-06-07 15:50 | Report Abuse

aiseh, trying to become good guy? later sure kena tiu

Posted by Coffin Dance > 2020-06-07 15:51 | Report Abuse

instead of kena tiu, watch them kena tiu more entertaining

Posted by Keyman188 > 2020-06-07 15:53 | Report Abuse

温兴提醒,见好就收✋......

Just sincere reminder, once you reached your desired target, time for taking rest & breath...


Opportunity always will be given for those well prepare...


**Sometimes great advice must repeat & repeat to coach people' brain...



------------别人笑我太疯癫... 我"说"他人看不清......--------------------

Posted by Coffin Dance > 2020-06-07 16:13 | Report Abuse

他们不会感激

让他们学习困难的方法

Posted by laychee > 2020-06-07 17:37 | Report Abuse

Now if you say anything negative about the stock market, it's suicide. You'll be bullied.

Posted by Keyman188 > 2020-06-07 23:45 | Report Abuse

温兴提醒,见好就收✋......  

Just sincere reminder, once you have reached your desired target, time for taking rest & breath...  


Opportunity always will be given for those well prepare...  


Very soon time will tell you the truth...... 


Too sad to say Keyman188 not simply talk 3 talk 4 talk cock... 


Keyman188 always not only do the best but always learn from the best... 


^^^Please refer to whatever Keyman188 highlighted previous posts & comments...... 


Only brilliant traders...investors will comprehensively perceive what Keyman188 advise now... 


**Sometimes great advice must repeat & repeat to coach people' brain...  



---------------别人笑我太疯癫... 我"说"他人看不清......-----------------------

Posted by Keyman188 > 2020-06-08 11:41 | Report Abuse

温兴提醒,见好就收✋......

Just sincere reminder, once you have reached your desired target, time for taking rest & breath...


KLCI already rebounded back to pre-Covid-19 level (from 1207 ~ 1556 level...by +349 pt)......


Current KLCI level unable justifiable with real economic data company performance result......


Opportunity always will be given for those well prepare...


Very soon time will tell you the truth......


---------------------------------------------------------------------------------------------------


Too sad to say Keyman188 not simply talk 3 talk 4 talk cock...


Keyman188 always not only do the best but always learn from the best...


^^^Please refer to whatever Keyman188 highlighted previous posts & comments......


Only brilliant traders...investors will comprehensively perceive what Keyman188 advise now...


**Sometimes great advice must repeat & repeat to coach people' brain...



---------------别人笑我太疯癫... 我"说"他人看不清......-----------------------

Posted by Keyman188 > 2020-06-11 12:10 | Report Abuse

温兴提醒,见好就收✋......

Just sincere reminder, once you have reached your desired target, time for taking rest & breath...


KLCI already rebounded back to pre-Covid-19 level (from 1207 ~ 1590 level...by +383 pt)......


Current KLCI level unable justifiable with real economic data & corporate earnings performance......


Opportunity always will be given for those well prepare...


Very soon time will tell you the truth......


---------------------------------------------------------------------------------------------------


Too sad to say Keyman188 not simply talk 3 talk 4 talk cock...


Keyman188 always not only do the best but always learn from the best...


^^^Please refer to whatever Keyman188 highlighted previous posts & comments......


Only brilliant traders...investors will comprehensively perceive what Keyman188 advise now...


**Sometimes great advice must repeat & repeat to coach people' brain...



---------------别人笑我太疯癫... 我"说"他人看不清......-----------------------

Posted by Keyman188 > 2020-06-11 16:33 | Report Abuse

Today KLCI start bleeding by 22++ point...

The game just started..............



---------------------------------------------------------------------------------------------------



温兴提醒,见好就收✋......

Just sincere reminder, once you have reached your desired target, time for taking rest & breath...


KLCI already rebounded back to pre-Covid-19 level (from 1207 ~ 1590 level...by +383 pt)......


Current KLCI level unable justifiable with real economic data & corporate earnings performance......


Opportunity always will be given for those well prepare...


Very soon time will tell you the truth......


---------------------------------------------------------------------------------------------------


Too sad to say Keyman188 not simply talk 3 talk 4 talk cock...


Keyman188 always not only do the best but always learn from the best...


^^^Please refer to whatever Keyman188 highlighted previous posts & comments......


Only brilliant traders...investors will comprehensively perceive what Keyman188 advise now...


**Sometimes great advice must repeat & repeat to coach people' brain...



---------------别人笑我太疯癫... 我"说"他人看不清......-----------------------

Posted by Keyman188 > 2020-06-11 19:18 | Report Abuse

U.S. Futures Slump on Fed Caution and Virus Fears: Markets WrapBy 

June 11, 2020, 5:34 AM GMT+8Updated on June 11, 2020, 6:24 PM GMT+8

U.S. equity futures tumbled with stocks globally on Thursday as fears of a second wave of the virus and a cautious outlook from the Federal Reserve clouded hopes for a speedy economic recovery.

Contracts on the S&P 500 Index extended their losses by as much as 2% a day after Fed Chairman Jerome Powell suggested the pandemic could inflict long-lasting damage on the economy. Reports of coronavirus infection rates jumping in parts of America added to the risk-off mood. The Stoxx Europe 600 Index sank, with sectors scooped up in the recent rally such as banks and travel leading declines.

Treasuries continued higher alongside German bunds on haven demand, while the dollar rebounded from Wednesday’s losses.

“This is the first time we’ve had a little bit of negative newsflow recently” on developments in the coronavirus, Dean Turner, economist at UBS Global Wealth Management, told Bloomberg TV. “Put that in the context of how far markets have come in the last few weeks, it’s not at all surprising that we get a little bit of profit-taking at this stage.”

Stocks are catching their breath after a strong rally from March lows as investors weigh a rocky road to economic recovery against promised stimulus measures. U.S. virus cases now top 2 million, with fears of a second wave in Texas and Florida. Treasury Secretary Steve Mnuchin said the U.S. “definitely” needs more fiscal stimulus, supporting prospects for another round this summer. European policy makers meet Thursday on whether to boost aid.

Markets are shifting while investors digest the Fed’s decision to leave its policy settings unchanged while pledging to keep buying bonds. Powell said the central bank had a briefing on yield-curve control, amid expectations from some economists that the central bank will follow Australia’s and Japan’s in adopting such a tool.


##https://www.bloomberg.com/news/articles/2020-06-10/asia-stocks-to-slip-dollar-declines-on-powell-markets-wrap?srnd=premium-asia

Posted by Keyman188 > 2020-06-11 20:16 | Report Abuse

Dow futures drop 700 points on virus second wave concern, airline and retail shares fall

PUBLISHED WED, JUN 10 20206:05 PM EDTUPDATED 18 MIN AGO

~ Concerns about a second wave of coronavirus cases have risen as U.S. states push deeper into reopening.

~ Investors were also digesting the Federal Reserve’s updates on the economy and monetary policy.


Stock futures fell sharply in early trading Thursday as coronavirus cases increased in some states that are reopening up from lockdowns. Shares that have surged recently on hopes for a smooth reopening of the economy dropped in premarket trading.

Futures on the Dow Jones Industrial Average dropped 721 points, or 2.7%. The move implied an opening decline of about 740 points. S&P 500 futures fell 2.2%. Nasdaq-100 futures dropped 1.6%.

Shares of United Airlines, Delta, American and Southwest all dropped more than 10% in premarket trading. Carnival Corp. and Norwegian Cruise Line shares fell more than 11%. Gap and Kohl’s shares also fell more than 8% each.

Concerns about a second wave of coronavirus cases have risen as U.S. states push deeper into reopening. Texas has reported three consecutive days of record-breaking Covid-19 hospitalizations. Nine California counties are reporting a spike in new coronavirus cases or hospitalizations of confirmed cases, AP reported Wednesday.

Overall coroanvirus cases in the U.S. topped 2 million, according to the latest figures from Johns Hopkins University.

The downdraft in futures followed two straight days of losses for the 30-stock Dow and S&P 500 as investors ditched reopening trades for the megacap tech names. The S&P 500 dipped 0.5% on Wednesday, and the Dow slid about 280 points. Meanwhile, the Nasdaq Composite climbed 0.7% to a record closing high of 10,020.35, also its first-ever close above 10,000.

The Nasdaq has risen for eight days in the past nine sessions, bringing its 2020 gains to nearly 10%. The S&P 500 is down 1.2% this year after briefly turning green for 2020 earlier this week. The Dow is down 5.4% for 2020.

Both the S&P 500 and the Dow are still up more than 45% from the coronavirus low. The incredible comeback started with investors betting on technology companies like Amazon that were doing well despite the pandemic, but in the last month reopening bets like airlines have been the biggest gainers. Now investors are rotating back into those tech names and taking profits in the rest of the market.

Crude oil lost 4% in early trading.

On Wednesday, investors assessed the Federal Reserve’s updates on the economy and monetary policy. The policymakers voted unanimously to keep interest rates unchanged and indicated no rate increases through 2022.

“The Fed understands we are just in the beginning phases of the economic recovery and making rash changes to policy or forward guidance is premature at this time,” Charlie Ripley, senior investment strategist for Allianz Investment Management, said in an email.

The Fed also said it will at least maintain the current pace of bond purchases for the coming months. Additionally, it expects the U.S. economy to contract by 6.5% in 2020 before expanding by 5% in 2021.

Investors are awaiting the new jobless claim data for the week ending June 6, which is set to come out at 8:30 a.m. ET on Thursday. Economists polled by Dow Jones expect filings for unemployment insurance claims to total 1.595 million last week, which is down from 1.775 million in the week before.

Posted by Keyman188 > 2020-06-12 07:59 | Report Abuse

Stocks suffer their worst day since March, with the Dow plunging more than 1,800 points

PUBLISHED WED, JUN 10 20206:05 PM EDTUPDATED 2 HOURS AGO

Stocks suffered their biggest one-day pull-back in three months on Thursday as traders grew concerned about the number of coronavirus cases increasing in some states that are reopening up from lockdowns. Shares that have surged recently on hopes for a smooth reopening of the economy led the declines.

The Dow Jones Industrial Average plunged 1,861.82 points, or 6.9%, to close at 25,128.17. The S&P 500 slid 5.9% to 3,002.10 while the Nasdaq Composite dropped 5.3%. to end the day at 9,492.73. The major averages posted their worst day since March 16, when they all dropped more than 11%. The S&P 500 also logged in its first three-day losing streak since early March.

“You’re seeing the psychology in the market get retested today” as traders weigh the the recent uptick in coronavirus hospitalizations and a grim outlook from the U.S. central bank, said Dan Deming, managing director at KKM Financial. “The sense is maybe the market got ahead of itself, which makes sense given the fact that we’ve come so far so fast.”

“The reality is this thing’s going to linger longer than probably the market had anticipated,” Deming said.

Traders dumped airlines, cruise operators and retailers after piling into those names over the past month amid expectations of a swift economic recovery. Shares of United Airlines, Delta, American and Southwest all dropped more than 11%. Carnival Corp. and Norwegian Cruise Line shares fell at least 15.3% each. Gap and Kohl’s shares closed lower by 8.1% and 11.2%, respectively.

Concerns about a second wave of coronavirus cases have risen as U.S. states push deeper into reopening. Texas has reported three consecutive days of record-breaking Covid-19 hospitalizations. Nine California counties are reporting a spike in new coronavirus cases or hospitalizations of confirmed cases, AP reported Wednesday. Treasury Secretary Steven Mnuchin told CNBC’s Jim Cramer, however, that “we can’t shut down the economy again.”

Friendly monetary policy from the Federal Reserve cannot “offset a severe COVID second wave,” said Dennis DeBusschere, macro research analyst with Evercore ISI, in a note. “With TX, AZ, CA new cases and hospitalizations increasing and investors concerned that recent protest will fuel a wave of infections, the risk of persistently weak economic and earnings growth has increased. S&P fair value estimates are falling as a result.”

Former FDA Commissioner Scott Gottlieb said on CNBC’s “Squawk Box” that states such as Arizona and Texas “never really got rid of the first wave.” He added: “It’s not a second wave.”

Overall coronavirus cases in the U.S. topped 2 million, according to the latest figures from Johns Hopkins University.

The downdraft followed two straight days of losses for the 30-stock Dow and S&P 500 as investors ditched reopening trades for the mega-cap tech names. The tech-heavy Nasdaq, however, jumped to a record high on Wednesday and closed above 10,000 for the first time.

Both the S&P 500 and the Dow are still up more than 37% from their coronavirus intraday lows. The incredible comeback started with investors betting on technology companies like Amazon that were doing well despite the pandemic, but in the last month reopening bets like airlines have been the biggest gainers. Now investors are rotating back into those tech names and taking profits in the rest of the market.

Traders also sold oil futures contracts amid worries the global economic reopening will get sidetracked. West Texas Intermediate futures dropped 8.2% to settle at $36.34 per barrel. In turn, traditionally safer assets such as bonds and gold rose. The 10-year Treasury note yield dropped to 0.66% and hit its lowest level in more than a week (yields move inversely to prices). Gold futures jumped 1.1% to $1,739.80 per ounce.

The Cboe Volatility Index — considered the best fear gauge on Wall Street — jumped to trade above 40 for the first time since May 4.

Thursday’s moves also followed the Federal Reserve warning on Wednesday the U.S. economy will contract by 6.5% in 2020 before expanding by 5% next year. The central bank also said it will keep rates at currently low levels through 2022.

“The Fed understands we are just in the beginning phases of the economic recovery and making rash changes to policy or forward guidance is premature at this time,” Charlie Ripley, senior investment strategist for Allianz Investment Management, said in an email.

Posted by Keyman188 > 2020-06-12 08:00 | Report Abuse

DJIA dropped almost reach to "circuit breaker" again......


##https://www.cnbc.com/2020/06/10/stock-market-futures-open-to-close-news.html

Posted by Keyman188 > 2020-06-12 16:17 | Report Abuse

Today morning KLCI bleeding by 48++ point...

Just slightly rebounded back to give market some breath...

US market still not yet back to normal since last night unexpected dropped by 1800 pt (almost triggered circuit breaker again)..............

Keyman188 foresee next support level of S&P500 by 2900 ~ 2935 range...

IF break level, anytime retest low of 2790 ~ 2800 level......


---------------------------------------------------------------------------------------------------



温兴提醒,见好就收✋......

Just sincere reminder, once you have reached your desired target, time for taking rest & breath...


KLCI already rebounded back to pre-Covid-19 level (from 1207 ~ 1590 level...by +383 pt)......


Current KLCI level unable justifiable with real economic data & corporate earnings performance......


Opportunity always will be given for those well prepare...


Very soon time will tell you the truth......


---------------------------------------------------------------------------------------------------


Too sad to say Keyman188 not simply talk 3 talk 4 talk cock...


Keyman188 always not only do the best but always learn from the best...


^^^Please refer to whatever Keyman188 highlighted previous posts & comments......


Only brilliant traders...investors will comprehensively perceive what Keyman188 advise now...


**Sometimes great advice must repeat & repeat to coach people' brain...



---------------别人笑我太疯癫... 我"说"他人看不清......-----------------------

Posted by Keyman188 > 2020-06-13 18:30 | Report Abuse

Coronavirus live updates: Food market shut in Beijing after 45 cases; hospitalizations rise in some U.S. states

PUBLISHED FRI, JUN 12 20207:40 AM EDTUPDATED 2 HOURS AGO

##https://www.cnbc.com/2020/06/12/coronavirus-live-updates.html



Beijing Shuts Biggest Vegetable Market After 45 Covid-19 Cases
Bloomberg News

June 13, 2020, 2:37 PM GMT+8

##https://www.bloomberg.com/news/articles/2020-06-13/beijing-shuts-biggest-vegetable-market-after-45-covid-19-cases?srnd=premium-asia


-----------------------------------------------------------------------------------------------------

Well prepare for coming period more & more volatility on the share market since 2nd wave of virus pandemic emerged.............

Posted by Keyman188 > 2020-06-15 08:11 | Report Abuse

A burst of market volatility is just starting, National Securities’ Art Hogan warns

PUBLISHED SUN, JUN 14 20205:00 PM EDT

Investors may want to hold on tight.

National Securities’ Art Hogan warns the volatility burst will affect the market for weeks.

He cites a laundry list of risks including the uptick of coronavirus cases paired with overbought conditions.

“The fear of the unknown catches more volatility than anything,” the firm’s chief market strategist told CNBC’s “Trading Nation” on Friday. “Volatility is going to tick up a bit into summertime.”

Thursday’s downdraft contributed to the market’s biggest weekly loss since March. The Dow, S&P 500 and tech-heavy Nasdaq closed solidly higher on Friday, but it didn’t come close to making up the losses.

But Hogan, who has spent almost four decades on Wall Street, and oversees $15 billion in assets, believes it’s no reason for investors with longer-term time horizons to cash out of stocks.

“Have a plan, stick to it, and have balance in the equity portion of your portfolio,” he said. “Sticking to your plan is one of the best things you can do right now.”

His best advice is to strictly rebalance the classic 60% stock and 40% fixed income portfolios on a quarterly basis. Hogan also advocates a barbell approach to investing right now.

On one side, he recommends growth or technology names.

“You’ve got those that seem to have worked so far that have free cash flow during the work from home environment,” he said.

Hogan likes cyclical groups including financials, industrials and energy on the other side.

“That cyclical part will actually do well as the economy picks up,” Hogan said. “That balanced approach, I think, is going to be a great portfolio to have for the next 12 to 18 months.”


##https://www.cnbc.com/2020/06/14/burst-of-market-volatility-is-just-starting-art-hogan-warns.html

Posted by Keyman188 > 2020-06-15 14:15 | Report Abuse

Dow futures plunge nearly 900 points as Wall Street looks set to extend last week’s sharp losses

PUBLISHED SUN, JUN 14 20206:02 PM EDTUPDATED MOMENTS AGO

Stock futures fell in early morning trading on Monday, pointing to more losses ahead as investors grapple with signs of a second wave of coronavirus cases as the economy reopens.

Futures on the Dow Jones Industrial Average dropped 873 points, implying a drop of more than 945 points at the Monday open. S&P 500 and Nasdaq 100 futures also pointed to Monday opening declines for the two indexes.

The early morning action in futures markets followed a big pullback last week triggered by rising fears of a resurgence in the virus as well as investors’ profit-taking after the massive comeback.

The Dow and S&P 500 lost 5.5% and 4.7% last week, respectively, while the Nasdaq shed 2.3%. All three major equity benchmarks suffered their worst week since March 20.

“The meltup may need to take a break, as sentiment has turned too bullish too rapidly,” Ed Yardeni, president and chief investment strategist at Yardeni Research, said in a note on Sunday. “Now that reopening is happening, there’s fear of suboptimal results: less social distancing triggering a second wave of the virus, followed by another round of lockdowns.”

States in the reopening process including Alabama, California, Florida and North Carolina are reporting a rise in daily new coronavirus cases. Texas and North Carolina reported a record number of virus-related hospitalizations Saturday.

Meanwhile, Governor Andrew Cuomo warned New Yorkers against triggering a second wave of the coronavirus. He said on Sunday the state has received 25,000 complaints about businesses violating rules of the phased reopening, threatening to take liquor licenses from bars and restaurants.

“The COVID deterioration in certain states will stay an overhang for the market, although it would take a sustained increase in US numbers overall to spark a dramatic shift in the narrative,” Vital Knowledge founder Adam Crisafulli said in a note on Sunday.

Treasury Secretary Steven Mnuchin told CNBC on Thursday that shutting down the economy for a second time to slow Covid-19 isn’t a viable option as it will “create more damage.”

After last week’s sell-off, the S&P 500 is down 5.8% on the year, still more than 38% higher from its March low. The 30-stock Dow is down 10.2% year to date.


##https://www.cnbc.com/2020/06/14/stock-market-futures-open-to-close-news.html

Posted by apolloang > 2020-06-15 14:17 | Report Abuse

2nd wave of market meltdown,not 2nd wave of covid 19? hehe

Posted by Keyman188 > 2020-06-16 14:23 | Report Abuse

KLCI slides 3.05% as concerns mount over second wave of Covid-19 infections

(theedgemarkets.com / June 15, 2020 19:16 pm +08)

~ “It is the right time for the market to consolidate. There is still further downside.” — Rakuten Trade head of research Kenny Yee


------------------------------------------------------------------------------------------------

KUALA LUMPUR (June 15): Mounting concerns over the second wave of Covid-19 infections, particularly in China, spooked the equity bears in Asian markets, including Bursa Malaysia, whose benchmark index had its biggest single-day drop in three months.

A plunge of over 900 points in the Dow Jones Industrial Average futures added fuel to the selling in the afternoon.

The FBM KLCI shed 47.19 points or 3.05% to a two-week low of 1,498.83 points. The index was on a decline for the third consecutive day.

The fall in the FBM Small Cap Index, excluding only the top 100 largest stocks in terms of market capitalisation, was even bigger. It skidded 610.76 points or 5.06% to 11,457.15 points.

On the home front, news of unemployment rate soaring to a 30-year high of 5% in April 2020 compounded the selling on the local market.

Rakuten Trade head of research Kenny Yee described the selling today as “drastic”. Nevertheless, he said profit-taking activities were expected as the market had been overbought recently.

“It is the right time for the market to consolidate. There is still further downside,” Yee told theedgemarkets.com.

In the near term, Yee expects the market to take its cue from Wall Street, adding that market sentiment will be cautious and jittery after the selling today.

The next immediate support level of the KLCI is around the 1,490-level and the 1,470-level next, said Yee.

Asked if the rally was over for the benchmark index, Yee did not think so, saying that the market was just “due for a correction”, adding that the index had gone up over 300 points from the trough in late March.

Nonetheless, he advised investors to trade with caution.

Meanwhile, Malacca Securities Sdn Bhd analyst Kenneth Leong was of the view that volatility in the market would be the norm in the near future, unless there was further economic stimulus or news of success in the development of a Covid-19 vaccine.

“Unlike the previous recovery of the FBM KLCI that was mainly fuelled by glove heavyweights, the cap on margin financing for glove counters is expected to take some steam away from the glove rally,” he added.

Among the 30 component stocks of KLCI, Top Glove Corp Bhd, which was the best performing stock year to date, shed RM1.70 or 10% to close at RM15.20, followed by Petronas Dagangan Bhd, which slid RM1.50 or 6.82% to RM20.50, and Hartalega Holdings Bhd dropped 84 sen or 6.71% to RM11.68.

The market trading volume stood at 9.07 billion shares worth RM5.32 billion traded. Losers led gainers by 1,107 to 159, while 227 counters remained unchanged.

All indices on Bursa Malaysia were in the negative territory and the worst hit was Bursa Malaysia healthcare index, which slipped 173.38 points or 7.26% to 2,215.18 points today.

Across Asia, most regional indices were in the red. South Korea's Kospi fell 4.76%, followed by Japan's Nikkei 225, which slid 3.47% while Hong Kong's Hang Seng was down 2.16%.

Reuters wrote that Asian shares and Wall Street futures fell today as growing fears of a second wave of Covid-19 infections revived economic worries, while underwhelming data from China also weighed on investor sentiment.

Today's losses came on the heels of a strong global rally since late March, fuelled by the central bank and fiscal stimulus and optimism as countries gradually lift restrictions put in place to curb the spread of Covid-19, said the newswire.

However, concerns are escalating over a second wave of infections as Beijing reported its second consecutive day of record Covid-19 cases, while new cases and hospitalisations in record numbers swept through more US states, Reuters added.


##https://www.theedgemarkets.com/article/klci-slides-305-concerns-mount-over-second-wave-covid19-infections

Posted by Keyman188 > 2020-06-16 14:31 | Report Abuse

Today is technical rebound for the market breath & run...

The market meltdown already started since last week...

Posted by Keyman188 > 2020-06-16 14:40 | Report Abuse

Don't be regret during further deceleration soon.....

kekeke...kekeke...kekeke....

Posted by Keyman188 > 2020-06-16 14:48 | Report Abuse

DJIA future index came down from 580++ point to 360++ point......

Global market not stable this period...

Posted by Keyman188 > 2020-06-16 15:05 | Report Abuse

Global market now soften again...

DJIA future now only 280++ point (from 580++ point)...

Nikkei225 future decelerating into -230++ point......


kekeke...kekeke...

Posted by Keyman188 > 2020-06-17 10:15 | Report Abuse

How do you feel today ???......

Did you feel nervous???......

Kosong "candlestick patterns" to trap market players......kekeke...kekeke...

More selling pressure in the afternoon session........

^^^ Very very close to IDSS reopen...no more further extension......

Posted by Keyman188 > 2020-06-17 10:35 | Report Abuse

Asia stocks little changed as IMF warns of unprecedented crisis; regional geopolitical tensions watched

PUBLISHED TUE, JUN 16 20207:40 PM EDTUPDATED 28 MIN AGO

~ Shares in Asia were little changed in Wednesday morning trade.

~ The International Monetary Fund said Tuesday that the global economy is set to see a more significant contraction than it previously forecast.

~ Meanwhile, trial results announced Tuesday showed dexamethasone — a widely available drug — can help critically ill coronavirus patients.

~ Investors likely also continued to watch for developments on the geopolitical front regionally.


Stocks in Asia were little changed in Wednesday morning trade as the International Monetary Fund said the global economy is set to see a more significant contraction than it previously forecast.

Mainland Chinese stocks were largely flat in early trade, with the Shanghai composite and Shenzhen component little changed. Hong Kong’s Hang Seng index edged 0.21% higher.

In Japan, the Nikkei 225 shed 0.6% in morning trade while the Topix index declined 0.41%. Japan’s exports plunged 28.3% year-on-year in May, according to provisional trade statistics released Wednesday by the country’s Ministry of Finance.

Over in South Korea, the Kospi dipped fractionally.

Meanwhile, the S&P/ASX 200 in Australia added 0.18%

Overall, the MSCI Asia ex-Japan index traded 0.15% higher.

IMF Chief Economist Gita Gopinath said in a Tuesday blog post that “the forthcoming June World Economic Outlook Update is expected to show negative growth rates even worse than previously estimated.” The fund also said the current crisis, which it dubbed the Great Lockdown, is “unlike anything the world has seen before.”

Authorities have imposed lockdown measures to curb the spread of the coronavirus pandemic, leaving most economies essentially frozen. While many countries have begun to ease these measures, it has proven challenging given the looming threat of a potential resurgence in Covid-19 cases.

Meanwhile, trial results announced Tuesday showed dexamethasone — a widely available drug — can help critically ill coronavirus patients. The treatment reportedly reduced Covid-19 deaths in hospitalized patients by up to one third. Globally, more than 8 million people have been infected by the virus while at least 438,171 lives have been taken, according to data compiled by Johns Hopkins University.

Regional geopolitical tensions

Investors likely also continued to watch for developments on the geopolitical front regionally, as tensions escalate along the Korean peninsula after North Korea reportedly destroyed a liaison office with the South.

Certain Asia-listed defense stocks soared on the back of that development, with Ishikawa Seisakusho jumping 9.79% while Victek in South Korea skyrocketed more than 22%. South Korean stocks exposed to North Korea, on the other hand, fell: Hanil Hyundai Cement and Hyundai Elevator tumbled 4.52% and 4.05%, respectively.

The South Korean won also weakened against the dollar, last trading at 1,214.46 after weakening from levels below 1210 yesterday.

Elsewhere at the Himalayan border, Indian and Chinese troops clashed this week as the two sides remained in conflict, according to a Reuters report. Since early May, hundreds of soldiers have been in a faceoff at three locations, with each side accusing the other of trespassing, the report said.


##https://www.cnbc.com/2020/06/17/asia-markets-imf-economic-forecast-coronavirus-geopolitics-in-focus.html

Posted by schadenfreude > 2020-06-17 10:55 | Report Abuse

IDSS KIV until further notice...

Aug 20 QR will be scary

Posted by Keyman188 > 2020-06-17 11:20 | Report Abuse

Tik tok...tik tok...the clock is count down...

IDSS will be ended June'20......

Next week more & more unavoidable selling pressure......

Today only slowly slowly coming down...

This few days very high possibility retest 1490 again......

Posted by Keyman188 > 2020-06-21 23:40 | Report Abuse

The stock market is running out of steam with reopening trades fading and economic data ‘uneven’

PUBLISHED FRI, JUN 19 20201:56 PM EDTUPDATED FRI, JUN 19 20208:13 PM EDT

~ With recent spikes in coronavirus cases and fluctuations in the economic data, the historic rally has taken a pause as the market seems to be stuck in a range amid elevated volatility.

~ “Although the stock market was suggesting a V-shaped recovery, the more likely scenario is rolling Ws,” said Liz Ann Sonders, chief investment strategist at Charles Schwab.

~ As signs of a virus resurgence mount, investors have turned increasingly cautious.

~ The rally in those popular reopening trades — airlines, cruise lines and hotels — is seemingly losing steam.


The stock market, so eager to put the entire blow from the pandemic behind it, is now coming to terms that a “V-shaped” recovery might be too rosy a scenario. 

With recent spikes in coronavirus cases and fluctuations in the economic data, the market seems to be stuck in a range amid elevated volatility. Market analysts said investors should expect more turbulence ahead because the economic recovery is most likely to be bumpy.

“The market was priced for a continuation of improvement and I think that’s overstating what’s going to happen,” said Brian Levitt, Invesco’s global market strategist. “We are going to have episodes of cases rising. We are going to have a very slow and uneven improvement in the jobs market.”

After soaring more than 40% from the March lows, the S&P 500 turned sideways in the past two weeks, trading at similar levels to early June. The market, which used to turn a blind eye to disastrous news on the thinking that the economy had already bottomed, has become more vulnerable to negative economic headlines as the data begins to give a read on the shape of the recovery.

Stocks came under pressure earlier this week after data showed weekly jobless claims rose more than expected last week, and the number stayed above 1 million for the 13th consecutive week. 

And on the virus front, California, Texas, Florida and Arizona have reported an uptick in new infections and hospitalizations amid the reopening. Apple said Friday that it’s again closing some stores in Florida, North Carolina and Arizona due to the spikes in coronavirus cases, which sparked a sell-off in the market, especially among retail stocks.

“The economy is going to need more help to bounce back in months to come,” said Matt Miskin, co-chief investment strategist at John Hancock Investment Management. “For now, volatility and choppy markets remain our base case as an uneven economic recovery likely unfolds.”

Cont...


##https://www.cnbc.com/2020/06/19/the-stock-market-is-running-out-of-steam-with-reopening-trades-fading-and-economic-data-uneven.html

Posted by Keyman188 > 2020-06-22 12:04 | Report Abuse

Foreign selling extends into 18th week as investors sold RM600.7m last week, says MIDF Research

(theedgemarkets.com / June 22, 2020 09:43 am +08)

KUALA LUMPUR (June 22): Foreign selling of Malaysian equities on Bursa Malaysia Securities extended for the eighteenth week as investors sold RM600.7 million last week, from RM539.2 million the prior week.

In a fund flow note today, MIDF Research analyst Khoo Zhen Ye said so far in 2020, foreign investors have sold RM15.7 million net on Bursa.

“In comparison to the other six Asian markets we track, Malaysia still has the fourth smallest foreign net outflow on a year-to-date basis.

“As markets reopened on Monday last week, international investors took out RM358.9 million net of local equities which was a similar trend for all Asian markets on fear of a resurgence of the Covid-19 outbreak,” said Khoo.

Nevertheless, Khoo said foreign funds came into the local market at a tune of RM101.6 million net last Tuesday, snapping a three-day selling spree on Bursa.

“The modest entry of foreign funds into Malaysia on Tuesday coincided with the local bourse settling at 1,517.7 points, denoting a one-day gain of 1.26%.

“Risk-on sentiment was probably spurred on Tuesday as the recovery rate of Covid-19 cases showed signs of stabilisation in the country,” he said.

However, he said foreign net buying in the local market was short-lived last Wednesday as international funds sold RM83.3 million net.

“Investors’ appetite probably was adversely affected by political instability in the country with a higher likelihood of a snap election taking place as well as the fresh outbreak of the virus in Beijing.

“The level of foreign net selling increased for three consecutive days to RM155.4 million on Friday,” he said.

Khoo said the overall mood in the market was sombre as investors grew warier of a second wave of covid-19 infections, particularly with China and America showing signs of increased infections.

“Moreover, the US weekly jobless claims data on Thursday, which showed 1.5 million Americans filing for unemployment insurance in the week before, was higher than forecast.

“In terms of participation, foreign investors were the only group that experienced a weekly increase in their average daily traded value (ADTV) of 7.9% to reach RM1.62 billion. Note that the ADTV was still healthy above the RM1 billion mark,” he said.


##https://www.theedgemarkets.com/article/foreign-selling-extends-18th-week-investors-sold-rm6007m-last-week-says-midf-research

Posted by morivae > 2020-06-22 12:20 | Report Abuse

More or more fund house are reducing their positions in the market, they prefer to stay by the side while waiting for the correction to happen

Posted by Michael Kwok > 2020-06-22 12:24 | Report Abuse

Blue chip yes but not all on second and third liner.Please,things may surprise.

Posted by Keyman188 > 2020-06-23 09:38 | Report Abuse

Stock futures drop after Peter Navarro says China trade deal is ‘over’

PUBLISHED MON, JUN 22 20206:06 PM EDTUPDATED 6 MIN AGO

Stock futures turned negative after White House trade advisor Peter Navarro told Fox News in a Monday interview that the trade deal with China was “over.”

Dow futures dropped 285 points, implying an opening drop of more than 200 points at the open on Tuesday. The S&P 500 and Nasdaq-100 were also set to open lower.

On Monday, the Dow Jones Industrial Average rose 153 points, or 0.6%. The S&P 500 also registered a gain, climbing 0.7%.

The Nasdaq Composite was the outperformer, rising more than 1%, thank to helps from mega-cap technology companies. The close marks a record close of the technology heavy index, its 20th of the year. Shares of Apple ticked up 2.6% and shares of Microsoft rose nearly 3%.

While stocks started the week on a strong foot, it came under thin trading. The SPDR S&P 500 ETF Trust (SPY), which tracks the broader market index, traded more than 67 million shares on Monday. That’s well below the ETF’s 30-day volume average of 105.01 million.

“The message today may be that the virus and the bull market can coexist,” Jim Paulsen, chief investment strategist at the Leuthold Group, told CNBC. “Despite back to back days of Covid19 cases above 30,000 over the weekend and ongoing reports of hot spots, the stock market managed to post a strong gain. Market action seems to suggests that investors expect the economy to continue improving in the months ahead even though the country is likely to experience spotty or temporary spikes in the virus.”

The major U.S. stock averages are coming off their fourth weekly gain in five weeks.

The number of newly confirmed coronavirus cases at home and abroad continues to increase, raising questions about economic recovery from the virus. The largest single-day increase in global coronavirus cases was recorded on Sunday, according to the World Health Organization, after more than 183,000 new cases were reported worldwide.

The U.S. saw more than 36,000 new cases reported on Sunday after more than 30,000 new cases were reported on both Friday and Saturday, data compiled by Johns Hopkins University showed. Widespread testing is contributing to the uptick in reported cases.

Texas Gov. Greg Abbott said at a news conference Monday that the coronavirus is spreading at an “unacceptable rate” in the state, according to NBC 5 in Dallas-Fort Worth.

White House economic advisor Larry Kudlow told CNBC on Monday “there is no second wave coming and that lawmakers will likely develop another stimulus package by the end of next month.


##https://www.cnbc.com/2020/06/22/stock-market-futures-open-to-close-news.html

Posted by Keyman188 > 2020-06-23 09:40 | Report Abuse

Trade war again between US -vs- China

Posted by Keyman188 > 2020-06-23 10:03 | Report Abuse

Dow futures down nearly 400 points after Peter Navarro says China trade deal is ‘over’

PUBLISHED MON, JUN 22 20206:06 PM EDTUPDATED 19 MIN AGO

Stock futures turned negative after White House trade advisor Peter Navarro told Fox News in a Monday interview that the trade deal with China was “over.”

As of Monday evening stateside, Dow futures dropped 398 points, implying an opening drop of more than 300 points at the open on Tuesday. Futures on the S&P 500 and Nasdaq-100 also pointed to a lower open for the two indexes.



##https://www.cnbc.com/2020/06/22/stock-market-futures-open-to-close-news.html

Posted by Keyman188 > 2020-06-23 10:10 | Report Abuse

Stocks Slide With Yuan on U.S.-China Trade Worry: Markets Wrap
By Andreea Papuc

June 23, 2020, 5:35 AM GMT+8 Updated on June 23, 2020, 9:47 AM GMT+8

~ Peter Navarro quoted saying U.S.-China trade deal ‘over’

~ Schwarzman sees ‘big V’ economic rebound in next few months


Asian stocks and U.S. futures slid along with the yuan after a Trump administration official described the Sino-American trade deal as “over.”

Treasuries climbed and crude oil dropped after Trump aide Peter Navarro said “it’s over,” when asked in a Fox News interview about the trade agreement with China. S&P 500 futures, which had opened higher, dropped over 1%. While Navarro didn’t specify whether the entire deal signed in January was now invalid, his remark revived concerns about deteriorating U.S.-China ties.

The risk-off moves Tuesday morning followed what had been a constructive session on Wall Street Monday, when equities climbed as investors continued to bet on companies with strong balance sheets and better prospects in work-from-home economy. The Nasdaq 100 jumped more than 1%, and the Nasdaq Composite capped a seventh straight advance in its longest rally of the year.

Influential investors had added to the positive sentiment prior to Navarro’s comments. Steve Schwarzman, chief executive officer of Blackstone Group Inc., said the economy is likely to benefit from a V-type recovery in the next few months, though getting back to 2019 level will take “quite a while.” Hedge fund manager Bill Ackman said he sees gradual improvement on all fronts with so many resources poured into the health-care crisis.


##https://www.bloomberg.com/news/articles/2020-06-22/asian-stocks-set-to-open-higher-dollar-drops-markets-wrap?srnd=premium-asia

Posted by Keyman188 > 2020-06-23 10:11 | Report Abuse

Well prepare...more downside risk for coming month...

Don't forget IDSS going to end by end of June'20...

Posted by Keyman188 > 2020-06-23 11:43 | Report Abuse

China in Recession and Heading for Full-Year Decline: Beige Book
Bloomberg News

June 23, 2020, 6:00 AM GMT+8

China’s economy contracted in the three months to June from a year earlier, signaling the start of a recession despite marginal improvements over the previous period when the coronavirus roiled the economy, according to China Beige Book.

Key metrics including manufacturing profits, capital expenditures and retail sales volumes remained at historically low levels and barely improved from those in the first quarter, CBB International said in a quarterly report based on a survey of more than 3,300 firms.

The retail sector fared the worst, with revenues and profits extending sharp falls. A steep decline in credit costs seemingly didn’t encourage struggling retailers to borrow, signaling continued weakness in the sector. In contrast, the manufacturing sector expanded over the first quarter and services sector performed the best.

Sluggish global demand remained a key drag on growth, with regions more internationally exposed performing worse, while interior regions received a boost from a marked rebound in domestic orders, according to the report.

“The eventual return to growth does not mean a return to anything approaching the old levels of growth,” the firm said in its quarterly report on China’s economy. “Until and unless global demand recovers more forcefully, the incremental quarterly improvement just seen will make for a contraction for full-year 2020.”

That pessimistic view contrasts with the outlook of most economists and the government, who all expect the economy to return to growth this quarter and to expand this year.

China’s Slow Reboot Points to Hard Road Back for Global Economy

The latest official data showed China’s economy continued to inch out of the coronavirus slump in May, driven by a recovery in industry amid sluggish consumer demand. China’s economy contracted 6.8% in the first quarter.

The report was based on 3,304 interviews conducted in China mid-May to mid-June. Official gross domestic product data for the second quarter is due for release on July 16.


##https://www.bloomberg.com/news/articles/2020-06-22/china-in-recession-and-heading-for-full-year-decline-beige-book?srnd=premium-asia

Posted by Keyman188 > 2020-06-23 11:55 | Report Abuse

If KLCI today unable rebound back above 1500...

God Bless liao.......tomorrow very high change break 1490...

Posted by Keyman188 > 2020-06-23 12:16 | Report Abuse

OMG...Today KLCI market sentiment extremely weak...weak...weak...

Too scary afternoon session more selling pressure again.........

Posted by Keyman188 > 2020-06-23 14:16 | Report Abuse

OMG...seem like afternoon session further deceleration......

Tomorrow definitely break 1490 liao.......no eye see liao......

Posted by Junichiro > 2020-06-23 14:39 | Report Abuse

Dow futures in the green now after Novarro makes U turn.