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Showing posts from April, 2009

Composite Index Daily Technical Analysis 22/04/2009

As circled at A, the KLCI attempted to break the 972 level, with its intra-day high reaching 976.29 points. However, the KLCI lost most of its early gains in the afternoon session, closing below the 972 level at 968.58 points. Therefore, the 972 resistance remains intact, while the supports are still at 937 Fibonacci Retracement, followed by the Bollinger Middle Band and T1 dynamic supports.

Meanwhile, the Bollinger Bands Width contracted 2% on Wednesday, suggesting the KLCI is still consolidating, despite closing marginally higher. If the Bollinger Bands Width should continue to contract, the consolidation of the KLCI is expected to continue.

As indicated by B, total market volume increased 3.9%, while still above the 40-day VMA level.This shows that the market is still relatively active but insufficient to support the KLCI break out of the 972 level. Nevertheless, with volume above the 40-day VMA level, the positive market sentiment is likely to sustain.


As circled at C, the MACD histog…

Money market funds

If you're looking to store money for emergencies, save for a short-term goal, or ‘park’ cash from the sale of an investment, money market funds provide a low-risk savings alternative. They invest in short-term debt instruments and bank deposits and are ideally suited to shorter-term investments - typically one to three years. [read more]

Good Boss, Bad Boss

The most important person in your office is your boss. But not for the reasons you may think.


Originally Written By: Willow Lawson




Rapport with the boss largely predicts risk for depression and other psychiatric problems in the workplace, says Brad Gilbreath, a researcher at Indiana University-Purdue University in Fort Wayne. In his study of employees across many work sectors, published in the journal Work and Stress, Gilbreath found that a worker's relationship with his boss is nearly equal in importance to his relationship with his spouse when it comes to overall well-being. Even friendly coworkers or a rewarding occupation cannot compensate for a negative relationship with the boss.

Surveys show that up to half of all workers have a shaky, if not downright miserable, relationship with their supervisors. According to a Gallup poll, a bad relationship with the boss is the number one reason for quitting a job. Supervisor problems outpace all other areas of worker dissatisfaction, inc…

North Korea missile consistent with satellite - U.S.

Originally Written By: David Morgan and Jonathan Thatcher

WASHINGTON/SEOUL (Reuters) - A missile North Korea could launch as soon as this weekend appears to have a bulb-shaped tip that gives credence to Pyongyang's claim it plans to put a satellite in space, U.S. defense officials said on Tuesday.

A satellite image of Musudan Ri, North Korea, taken on February 17, 2009. A missile North Korea could launch as soon as this weekend appears to have a bulb-shaped tip that gives credence to Pyongyang's claim it plans to put a satellite in space, U.S. defense officials said on Tuesday. (REUTERS/DigitalGlobe/Handout/Files)

Washington and others have voiced concern the launch will be a test of a long-range missile that could carry a warhead as far as U.S. territory. Pyongyang's plans have alarmed the region and intensified pressure on the North not to launch its Taepodong-2. A Taepodong-2 test in 2006 failed.
U.S. Secretary of State Hillary Clinton has said the launch, which North Korea…

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