End of the month

Today was a rather choppy day in the international markets. With the data out of US, I thought we'd be up past 1100. But you never know as we barely made it. GDP is backwards looking while ISM and consumer confidence are more forward.

People are too concerned with the technicals whether we finish above a certain number and not enough with how the market is doing overall. Today the bulls managed to pull something out of thin air. The macro numbers helped a bit but the bears are still strong. Three days in a row, I'm leaning towards the bear stance.

A couple of days may not make the market but we better be wary of whats going on. FBMKLCI still seems to be in a strong position given the market turmoil of the last few days. I'm not really all too joyous about the current situation, but props have to be given to the Malaysian market given the general weakness in international indexes.