Monday, February 24, 2020

Market Outlook as at Feb 24, 2020

The news is everywhere this morning; The PH government, which we chose to put an end to Najib's corruption and shenanigans, is now on deathwatch. It was a government, which came to power with so much hope and hype, has since failed to live up to our lowest expectation. We asked for reformation, and received next to nothing. Actually, that's not being fair; we got black school shoes. By all accounts, we got more of the same old fertilizer. I'm not a gardener, and I don't know what to do with it.

As for the stock market, this is the monthly chart of FBMKLCI. We are likely to test the psychological 1500 level this week. A downside break of the 1500 mark would likely bring us to the long term uptrend line, SS. The support for that uptrend line is around 1450.

Chart: FBMKLCI's monthly chart as at Feb 21, 2020 (Source:

For those investors who braved the hot sun one fine day in May 2018, let's not be disheartened. If you want something to console you, try listening to Everybody's Free (To Wear Sunscreen)  The lyrics are here.

Forget about politics. Spend more time with your friends and family. Try to have a nice day.

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