I was wondering about the direction of stock market last month. I bought a defensive stock to keep as the market is not clear that time. However, everybody like the earning report from big US company like Intel and Goldman Sachs. They did well in last quarter. Intel share price gained more than 5% after earning announced. Same go to the 3 big indexes – Dow, NASDAQ and S&P, up more than 3%.

FBM KLCI 5 years record

FBM KLCI re-bounced at March 2009. It is a big re-bounced. Can it continue to the rally? It is Q2 earning report season. And most of the companies performed well. So the stock will go up, right? In my opinion, YES!!! The stock market should be going up for the next few weeks. Anyway, I am not going to buy any stock now. But looking for the timing to sell some of my ‘goreng’ stocks.

Stock market — Down == buy, Up == sell.

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Yeah… Stock had a correction finally on 15 June 2009. It had been rallied since 12 March 2009. That’s 4 month of rally. A bit short than I thought. Based on research firms, the previous rally after stock big fall will last for 4 to 6 months. It ended at 4th month. Will it re-bounce and continue rally again?

Rally from 12 March to 15 June 2009

I always ask this question to myself, “Should I enter stock market now?” There is lot of answers. Some will tell you to buy when low. Some said you can enter market anytime as long as you think the stock worth the price. Keep the stock for long term like 5 to 10 years. No worry when to go in. Average the stock price by buying several times at different price that you think is right.

Oh no… I really need to study more in order to success in stock market. Time to study again…

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