Despite Dow Jone up more than 1%, but the regional markets and local market are not doing better. We suspect the bulls are running out of steam and the heavy weights correction might start any time soon. We had seen many lower liners had been corrected more than 30% in the past few days. Right now the gainers and the losers about 50 Vs 50. The investors are very caution now as you can look at the trading volume was very low today. Our team decided to clear all the porfortlios or reduce the positions this morning. If the market without any fresh news, it is difficult to turn around in short term. We expect the market will consolidate rather than uptrend in the short term.
Supermax - Profit taken
Adventa - Profit taken
Mudajaya- Profit taken, some cut loss and some reduce position
Maxis - Some cut loss and some Hold
Affin - Some of us aquired this stock yesterday. Up >5% today, Hold
Stock to watch - None, keep side line until further notice
