May 22, 2025
Your Time and Profit in Harmony

Market Commentary
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Before we start today’s sales notes, let me give a little shoutout to all of you who’ve been diligently scooping up stocks over the past 1–2 months. Happy cuan!

In the market lately, it feels like you could buy stocks with your eyes closed and still go green. Hahaha, isn’t that right?

I mean, just look at the JCI, it jumped from around 5,900 to almost 7,200. That means it’s already up around 20%!

 


But yeah… euphoria is like iced milk coffee, delightful, but don’t overdo it. You might lose your footing.

That’s why, from our side, it’s better to take profit, enjoy the fruits of your labor over the past 1–2 months.

Especially with the long holiday at the end of May coming up, it’s a good time to relax with a cup of coffee, no need to watch the running trade every hour.

For us, we’re entering a “wait and see” phase right now. Because the next big event is only on June 17–18: the FOMC Meeting.

 



While waiting for the Fed to give interest rate signals, we can evaluate our positions, prepare some ammo, and look for attractive stocks that can become new targets.

Remember, just because the market is going up doesn’t mean every stock is worth chasing.

First, take a look at JCI turnover lately. The index has gone up fast, but the turnover? Not as strong.

 


In fact, back when JCI was still in the 5,900s, trading volumes were even higher.

Second, big caps like banks have already taken off. 

Who hasn’t gone up? BBCA, BBRI, BMRI, BBNI have already delivered solid gains.

 


Even for those chasing dividends, it’s already too late. Dividend season is almost over, most of the ex-dates of big-cap stocks have passed.

And lastly, there aren’t any major upcoming catalysts in the near term. The next big trigger will only be the FOMC on June 17–18.

So for now, the market will likely begin to cool down, consolidate, or at best, become a game of selective stock picking.

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