Summary of January 2016

Today is the first day of February 2016. January 2016 had been a monkey month, very volatile. Let's look at the weekly chart. After two months of bearish engulfing, followed by a hammer and last week it rebounded. On last Friday, it rockets 33.27 points and closes at 1,667.80.

Because of our volatile market, not much stock picks are shared. Below table is my Gainvestor Portfolio for January. Again, this statistics does not mean anything, it does not mean any hold/buy/sell decision, it is just to summarize and track the Gainvestor Portfolio.

Summary of Gainvestor Portfolio for January 2016

In the last week of January, notice all the export stocks are having a heavy selling pressure. Is it because of our MYR is getting stronger? In the weekly chart below, there is a bearish engulfing and seems like it is going to break the support of 4.15, reason being the chart is now forming a double top. Good news for the nation!! But do notice that for a few counters which will be announcing their Q Result in February, they are going to report their profit from October till December 2015, which at that time, the average for 3 months of USD/MYR is 4.2845[1].

Weekly Chart of USD/MYR

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In my previous post "FBMKLCI to rebound soon?, i mentioned about FBMKLCI weekly chart and Finance index weekly chart. Both showing a week of hammer and a week of bullish engulfing. And with February is a short month with many holidays while mostly companies will be releasing the Q4 Report. We also need to take a look at the global market indices, such as Shanghai Composite, Nikkei 225, Hang Seng, DAX, FTSE 100, DJIA and etc. It is like a domino effect and will eventually affect our FBMKLCI.

Finance Index Weekly Chart

With our Brent crude oil rising to 35.28 (as at 12.03pm today), our FBMKLCI was boosted up, alongside with the revised 2016 Bajet (which i think not much surprise). February is going to be a challenging month.

Lastly, i would like to wish all the Malaysians happy holiday during the long Chinese New Year holiday. Hope all the Malaysians profited and gain knowledge in the year of Monkey. And the usual quote from me, holiday is a period for us to restrategize our plans and way forwards. REWARDS comes to those who are PATIENT... and WELL-PREPARED.

Let's Ride the Wind and Gainvest

Gainvestor 10sai

1 February 2016
12.18pm

Sources:

[1]: http://www.x-rates.com/average/?from=USD&to=MYR&amount=1&year=2015