Don't worry lah. Your Ringgit today will stay the same, as long as you spend it in Malaysia.
Just ride it out... all this too will pass.

IMO, now it is not a good time for Ringgit to exchange to USD or SGD but great for USD/SGD to Ringgit.

Never felt things so cheap in JB - so far they haven't spike my fav Musang King fruit yet. Eat out also cheap..

Tonight.. strange price movement for crude and energy. Energy stocks seem to be slightly positive.

Crude: -1.48%
USO:-0.71%
XOP: -0.23%
XLE: +0.20%

What.... the bear actually quite strong overnight. Crude got whacked down to 40.xx ish.
If this breaks... bye bye 40s, here come 30s.

Panic selling...

Bears will not like to hear 'production cut' words. So, they better not utter this.

They also look at the chart and make the call. If they're right, they become hero but if wrong, quietly said nothing.

The only thing special about that 32-33 number is just that momentum downside after break below $39-$40.
I think we may see the $40 support being tested tonight when NYSE market opens.

But, as we all can see SP500 is quite resilient.. that 200ma is being tested again and again.
Time to load up again if 200ma is breached.

If $10, Malaysia could be recession already. If people wants to sell house and will there be buyers?

Also, I think there are signs that next 2-3 quarters for Malaysia could be very bad..
Anyway, Malaysia hasn't got negative growth since '09. Perhaps time to re-visit huh?

You got your wish.. Big Mama Bear has appeared!!

Opened that 200ma trap doors for Dow, SP500 and Nasdaq..

Strangely... Oil is actually up (41.15) but Oil services get whacked with general market anyway.

This post has been edited by danmooncake: Aug 21 2015, 04:49 AM

The only one I dare to dip in is FB (it touches that 50ma at $90.50).
I'm holding a stop at 87/88 here..

Better watch China's Shanghai Composite performance today.. that 3500 level is support.
If tanks, others may follow including US stocks tonight.

Mama bear came up from slumber yesterday.
Now, bear cub come out to play only meh?

Where's papa bear?

This post has been edited by danmooncake: Aug 21 2015, 08:03 PM

I'll be watching that too... if 105, I'll jump in.

NFLX overshoots to upside earlier this month ($120? Must take profit-lah!)...
due to stellar growth but I think it's a tradable here at $105-$106 level or fill that gap to $102 (50ma as support).

This post has been edited by danmooncake: Aug 21 2015, 10:05 PM

Might as well just call it $40 here. I'm tempted to get some puts (or just play the leverage bear share) here, just it case the bears wants to bring it down by early next week or once it sinks thru that $40 line.. it could drop another $5 to $35 in short time frame.

This post has been edited by danmooncake: Aug 21 2015, 10:44 PM

Here it comes..sp500 drops below 2000 now.

Oh dear.. Papa bear really appears.. -400+ pts on Dow.
Sorry.. I didn't mean to tout the market.

Ok . mr bear.. calm down, calm down. don't chase me.

Yikes... -530 pts. Didn't expect to see Grandpa bear.

It's been quite a while since Dow -500+ pts.

Gotta to watch China on Monday.. if bear again, it won't be good everywhere.

Something is not right.

Allright allright..let's bring Shanghai down to 2500.. that's my number. Just another -1000 pts away.

But, I don't want fast jump.. just a slow slide down - will be ok.

US still doing ok... otherwise they will not be thinking of raising rate.
I just went there last month too.. businesses are doing very well. Housing recovers, more internal demands for goods and services,
cheap gas (because of oil) - makes transportation cost lower.
I think because of this, everyone one pulling money out from emerging market and going back to US.


Oh China... something is not cooking well. Shanghai comp just lost the 3500 mark. Where's the govt support?

Don't know about that one but imo Chinese retail investors should stay out of the market. Their market structure is not real and does not tied to the fundamentals of the economy at all.

The recent move by their govt to direct their Securities Finance Corporation to buy stocks for the sake of supporting the market only drive the institutional investors away. With no real private and corporate investors, all they're doing is the govt becomes buyer of last resort.
Their investors (many trapped above 3500) just want their money back and they will continue to sell for every pop.