Bearish mode seems to be quite sure on the market as Dow Jones Industrial back to below 10,000 pts level, which is quite dangerous, as we know that US market indicator again showing a lower than expected or worse than expected number which once again creating anxiety of investors.
But once again we had nothing to do but avoiding the market for a moment. Once again market is the king, we can just follow the trend. As I've told you all that our market is not in a good mood, at which suddenly the market crashed again this past Friday. One of the cause is the worse than expected of number of Non-Farm Employment Change, ISM Non-Manufacturing Index, ADP Non-Farm Employment Change, etc.
And the most shocking is the Crude Oil, which is showing a good sign but suddenly it went down. The good sign which might increase the price of Crude Oil is the lacking of BP's oil in Mexico City which reduce the oil inventory yet the demand is increasing. I'm still optimistic to the price of oil, as the Friday's sell off is only a panic selling of the Oil Futures.
Back to our Indonesian market, yet the new minister of finance seems to have a welcome from the investors as the index grew and quite stable since last week where as the regional even in reds, we're still in a confident about our market, but again US Dollar is getting strong and also people are moving their investment to Gold which creating the increment of demand of Gold, so do my outlook at JKSE is still unstable actually, and we'd better to SELL ON STRENGTH in this moment rather than we're in a bad position of red.
But once again, who knows where market is aiming to, we can just take a look & wait of what will happen tomorrow. Hold your cash & go for World Cup, not stock in a moment as the trend goes to World Cup season...
Happy Investing^^
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