KLCI June Performance

This is the performance of KLCI for month of June from 1994 onwards.

Entry Date	Entry Price	Exit Date	Exit Price	% Change	Draw Down %	Max Gain %	Bars Held
6/1/1994	991.60	6/30/1994	1011.58	2.01	-4.36	5.08	21
6/1/1995	1058.13	6/30/1995	1026.62	-2.98	-3.32	3.13	21
6/3/1996	1139.78	6/28/1996	1136.31	-0.3	-2.08	1.37	19
6/2/1997	1107.55	6/30/1997	1077.30	-2.73	-4.13	2.77	20
6/1/1998	537.60	6/30/1998	455.64	-15.25	-19.03	0.18	21
6/1/1999	742.70	6/30/1999	811.10	9.21	-1.81	12.07	21
6/1/2000	914.12	6/30/2000	833.37	-8.83	-12.82	0.25	18
6/1/2001	573.30	6/29/2001	592.99	3.43	-1.84	5.88	19
6/3/2002	741.90	6/28/2002	725.44	-2.22	-5.12	1.94	19
6/2/2003	672.92	6/30/2003	691.96	2.83	-0.42	3.41	20
6/1/2004	811.66	6/30/2004	819.86	1.01	-2.31	2.04	21
6/1/2005	861.05	6/30/2005	888.32	3.17	-0.26	5.22	21
6/1/2006	927.65	6/30/2006	914.69	-1.4	-4.78	0.83	21
6/1/2007	1348.36	6/29/2007	1354.38	0.45	-0.16	3.20	20

The records are pretty even with 7 winners and 7 losers. However, the average winning size is less than the average losing size.

KLCI Update

Some danger sign is appearing on the KLCI index. The rebound from 18 Mar has taken us from a low of 1166 to a high of 1305. The rally looks to be running out of steam.

The MACD cut below its signal line on 20 May 08. This suggests weakness in the short term.

The +DI has cut below the –DI line. The last time this happened on 20 Feb 08, the index went down from 1414 to 1173.

The index is also very near the base of the Bollinger Band. If it breaks below 1271, it will be bearish.

Let’s see whether the index can gather enough momentum to break through 1303. If the Bulls are able to push through this level, there will be another rally towards 1437

ASTRO Update (Symbol 5076)

ASTRO made a MACD Crossover on 22 Apr 08 and a trade was initiated on 23 Apr 08 with a buy stop order at RM3.46 and stop loss level of RM3.29.

This trade turned out to be a winner. ASTRO closed at RM3.82 on 14 May 08. That is a gain of about 10% within 15 trading days.

The price pattern made an inverted hammer yesterday. If the price goes below RM3.80 it will be suggesting weakness in the near term.

Both Stochastic and RSI indicator is reaching the top end which indicates that the stock may be reaching overbought condition soon.

MACD is still above its signal line so there is no sell signal from the MACD yet.

One approach will be to ride on the up trend and to take profit if the price falls below RM3.78.