FKLI has a high of 1215.5.
Thursday, June 12, 2008
9:20 am : DJIA is set to dip below 12000 just as FKLI is set for dipping below 1200
That's a forecast ! I wonder if it can come true ! Think SHort, ladies and gentlemen !
9:13 am - FKLI is testing for 4th time at 1205
The more it test, the likelihood it will break 1200 - major support.
Wednesday, June 11, 2008
11:23 am - There is no follow thru in downtrend in the Bearish Engulfing Pattern
The downtrend is not confirmed yet. It is likely to move sideway !
9:56 am - STAR newspaper reports "Sime Darby sacks CFO !"
Here is a monthly charts for FCPO. Look at the uptrend.
It is interesting to know how a big planter like Sime Darby can lose money when the market is trending up. It is like a big oil producers like Exxon, BP can lose $$$ during this oil price hike.
9:43 am - DJIA set to move sideway !
From this point onwards, it can go up or down or sideway. The medium trend is down !
9:01 am - FKLI gap up because of oversold yesterday !
If FKLI can break and close above 1215.0, it means FKLI has good support 1202/1208.
FKLI is trading at -22 pts discounts.
Tuesday, June 10, 2008
5:16 pm - A bearish pattern - Bearish Engulfing Pattern for FKLI
Let's see if FKLI can break 1200 support level or monthly S3 @ 1198
3:10 pm - FKLI indeed break below 1210 after lunch !
Our short recommendation is on 1206 as FKLI is testing 1205 for the 3rd time. GO SHORT !
Our SMS send out to clients has problems. Call us to place trade 03 2095 3982.
12:36 pm - FCPO moving sideway due to weak Malaysian Palm Oil Berhad Report (MPOB)
Output is up (+9.8%) , inventory is up (+6.9%) but export is down (-5.5%) by MPOB.
12:30 pm - FKLI looking to break lower after lunch !
Let's see if it is true ! Else the FKLI market is ranging !
10:13 am - FKLI hit low at 1206 and S1 @ 1205.
High of 1219.5 and low of 1206 means the daily range has been ranged.
9:27 am - FKLI is moving sideway for the time being !
News from Reuters is indicating M'sia is going under high inflation due to oil price hike.
Monday, June 09, 2008
5:31 pm - KLCI is forming saucer shape - Bullish pattern !
Crude oil is down to USD 136 and DJIA futures is up +50 pts. pointing to higher closing of DJIA tonite.
3:47 pm - My newsletter call for LONG position @ 3674
FCPO is testing to break 3700 for the 4th time (EOD chart) around and second time for today ! If FCPO break above 3700, it is not coming back !
Most clients are in around 3674.
3:39 pm - It does not matter KLCI wud close. It all determine on DJIA closing tonite !
As long as KLCI does not close lower than 1214.0. The FKLI will gap up or down pending on DJIA. Do not keep overnite position !
2:04 pm - Tradeguider : Strength coming in for FKLI on last Friday
Watch out ! FKLI wants to go higher on the daily EOD basis.
8:58 am - FKLI gap down almost -25 pts due to heavy DJIA fall last Friday !
FKLI uptrend status is stalled. FKLI is likely to move sideway or downward. Intraday can go LONG !
Saturday, June 07, 2008
8:19 am - This wud affect FCPO prices to move higher which in turn drive plantation counters, leaving KLCI slightly lower than worst
Oil's biggest day yet drags down stocks NEW YORK (AP) - Oil pricesmade their biggest single-day leap ever Friday, dragging the Dow Jonesindustrials down nearly 400 points and raising the once-unthinkable prospect of$150 oil and more record gas prices by the Fourth of July. The meteoric rise of nearly $11 for the day piled atop an increase of almost$5.50 the day before, taking oil futures more than 13 percent higher in just twodays, easily a record on the New York Mercantile Exchange. And those weren't the only stunning numbers of the day: The government alsoreported the nation's unemployment rate zoomed to 5.5 percent in May, a monthlyrise of half a percentage point, the biggest in 22 years. Oil settled at $138.54, a rise of more than 8 percent. The surged came afterMorgan Stanley analyst Ole Slorer predicted strong demand in Asia and tightsupplies in the Western Hemisphere could drive prices to $150 by IndependenceDay, when millions of Americans take to the roads. That means no end in sight for spiraling gas prices, already above $4 pergallon in much of the country. Even longtime market observers were shocked by the magnitude and speed ofoil's rally. "We're into unchartered territory, and somewhat off the map as far ashistorical precedents are concerned," said Jim Ritterbusch, president of energyconsultancy Ritterbusch and Associates in Galena, Ill. Besides the jump in the unemployment rate, the Labor Department saidemployers had cut 49,000 jobs in May, the fifth straight month of nationwidelosses. Job losses for the year reached 324,000. The White House said President Bush was considering further plans to helpenergize the economy, already teetering on the edge of recession and crippled bya tumbling housing market and other factors. On Wall Street, the Dow plunged 394.64 points, more than 3 percent, to closeat 12,209.81, the biggest drop in more than 15 months in both percentage andpoints terms. Wall Street had managed to shrug off oil's advance on Thursday but succumbedto extreme anxiety Friday. The stock market's great concern of late has been whether consumers wouldcurb their spending on non-essentials as they were forced to pay more for gasand other staples. The previously unthinkable idea of $150 oil, and gasoline that will keepclimbing above $4, made it clear to investors that consumers would be forced tobe even more conservative than they have been in recent months. Before Thursday, oil had receded nearly $13 a barrel from its highs, arespite from its nearly record-every-day march. But the end of the week sent itright back up again. The burst in oil prices also raised the prospect of accelerating inflationby adding to already strained transportation costs -- which will send priceshigher throughout the economy. Light, sweet crude for July delivery officially finished the day at $138.54,up $10.75 on the Nymex. But after the settlement, the contract jumped as high as$139.12. Prices hit a previous record of $135.09 a barrel on May 22, and settledThursday at $127.79. Traders also zeroed in on remarks by an Israeli Cabinet minister who wasquoted as saying his country will attack Iran if it doesn't abandon its nuclearprogram. Transportation Minister Shaul Mofaz added that Iranian PresidentMahmoud Ahmadinejad "will disappear before Israel does," the Yediot Ahronotdaily reported. Iran is the second-biggest oil producer in the Organization of PetroleumExporting Countries, and traders worry that any conflict with Israel coulddisrupt global supplies. A further weakening of the dollar also helped send oil prices higher byenticing overseas buyers armed with stronger currencies and others looking for ahedge against the greenback. But it also represented a stampede by bullishtraders and optimistic computer models betting that prices still have further torise. "The bulls ... refuse to go away," said Stephen Schork, an analyst andtrader in Villanova, Pa. Meanwhile, U.S. gas prices at the pump continued to hover just shy of anaverage $4 a gallon, easing only 0.3 cent from Thursday's record. Drivers are now paying an average of $3.99 for a gallon of regular gasnationwide, according to AAA and the Oil Price Information Service; in manyparts of the country, consumers are already paying well over $4. Retail dieselslipped a penny overnight to $4.76. Pump prices are bound to rise even further if oil sustains its advance.James Cordier, president of Tampa, Fla.-based trading firm Liberty TradingGroup, predicted prices could rise to $4.25 as early as the end of the month. "Unfortunately, drivers cutting back isn't going to lower the price ofgasoline anytime soon," he said. The dramatic reversal in what had been a weakening oil market began Thursdayafter ECB President Jean-Claude Trichet suggested the bank could raise interestrates and the euro climbed against the dollar. When interest rates rise inEurope, or fall in the U.S., the dollar tends to weaken against the euro. Many traders buy commodities such as oil as a hedge against inflation whenthe dollar is falling, and a weaker dollar makes oil cheaper for investorsdealing in other currencies. Analysts believe the dollar's protracted declinehas been a major reason why oil prices have nearly doubled in the past year. The euro strengthened further against the greenback Friday. A LaborDepartment report showing the U.S. unemployment rate jumped half a percentagepoint to 5.5 percent last month -- its biggest monthly increase since 1986 --could drag the dollar even lower in the days ahead. "Unemployment jumping as it did today will be in the market for a long timeand will continue to pressure the U.S. dollar," Cordier said. The influx of so much fresh money into the energy markets has caught theattention of federal watchdogs. The U.S. Commodity Futures Trading Commissionrecently said it was six months into a probe of U.S. oil markets focused onpossible price manipulation. Asked about Friday's surge, CFTC spokesman R. David Gary said: "People areaware of what's happening and are monitoring the markets closely, but beyondthat there is no comment." In other Nymex trading, heating oil futures jumped 29.32 cents to settle at$3.974 a gallon, while gasoline prices rose 21.35 cents to settle at $3.548 agallon. Natural gas futures rose 17.4 cents to settle at $12.693 per 1,000 cubicfeet. In London, July Brent crude shot up $10.15 to settle at $137.69 a barrel onthe ICE Futures exchange. AP Business Writer Matthew Perrone in Washington contributed reporting. Copyright 2008 Associated Press. All rights reserved. This material may not be
Friday, June 06, 2008
5:22 pm - FKLI closed well at 1230.0
If DJIA closed slightly lower on Monday, our FKLI can still move uptrend. If Gap up, get out !
2:48 pm - DJIA is likely to close with a doji tonite after yesterday very high closing +214 pts.
If you are afraid to carry your position, close your FKLI trade tonite.
2:42 pm - KLCI is forming a mushroom bullish shape.
Maybe KLCI can just closed above 1241.0 tonite !
11:53 am - KLCI has to closed above 1242 to maintain its uptrend.
If we get to close below 1242, the market becomes choppy and might move sideway !
9:55 am - FKLI has gap up !
I believe FKLI wud close higher with a small bodies. The market wud congest sideway next week having retracing 100%.
8:58 am - FKLI gap up slightly due to higher closing DJIA overnite.
Short seller wud be covering their short trade (cut lose because they went short yesterday). So the market wud go up slightly until later we will short the FKLI !
Going long in the morning !
Thursday, June 05, 2008
5:02 pm - Very difficult to read FKLI now !
I wud not carry any position tonite as FKLI wants to go up but market is down. Might closed around 1216.0
4:08 pm - Think to go LONG !
Be ready to go LONG and carry overnite !
Take profit at the opening of FKLI gap up if DJIA closed higher tonite !
Take profit at the opening of FKLI gap up if DJIA closed higher tonite !
4:03 pm - FKLI hits 1215.5 our short stop is OUT !
We are out of our SHORT position ! Had a good profit today !
3:22 pm - Very, very strong support @ 1205
Think to go LONG at 1204 ! and short around 1217-1220.0 !
11:30 am - Light Crude oil hits all time last week !
It is going downhill from now ! Tradeguider turns Red and price trend !
9:37 am - FKLI is holding up at s2 @ 1204.5
This is climatic action - Hidden potential buying. Start to think to go LONG. But not yet ! Short higher. Buy at lower.
9:03 am - FKLI gap down almost -20 pts reacting to 40% fuel oil hike !
We are going to test FKLI support @ 1200
Wednesday, June 04, 2008
8:38 pm - This is a critical level as FKLI has retraced to 61.8%
We may see some technical rebound tomorrow as FKLI may bound higher ! However, if FKLI continued to fall, we are heading for 1220
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