Tuesday, August 12, 2008
9:34 am - DJIA is facing a resistance tonite at 11850
Let's see if DJIA can break above it. Yesterday volume is low ! No Demand at higher level is expected soon !
9:27 am - FKLI looks to move sideway or downward
No positive news to drive market up ! Lower oil is an old story.
Monday, August 11, 2008
9:16 am - FKLI need to break and close above 1126
Else it is likely to form a double top at 1124/1125.
Friday, August 08, 2008
5:50 pm - FKLI closed with COG.
While KLCI close to lower end, FKLI is ready to break higher with a COG.
Thursday, August 07, 2008
Wednesday, August 06, 2008
12:30 pm - Short at 1134 and stoppped out 1139 for intraday trading !
FKLI went up to 1143.5 and a lot of ppl went thru short covering.10:17 am - A CIMB Talk this Sunday 10 Aug 2008
Dear Traders.
Martin is giving a CIMB talk Sunday and you are welcome to come. Please inform him if you wish to come. His talk will be on current futures trading opportunities for CPO and CI.
Date : 10 August 2008
Venue : Conference Hall
3rd Floor, KL Convention Centre
Time : 2 - 4pm
Rgds,
Bill
Martin is giving a CIMB talk Sunday and you are welcome to come. Please inform him if you wish to come. His talk will be on current futures trading opportunities for CPO and CI.
Date : 10 August 2008
Venue : Conference Hall
3rd Floor, KL Convention Centre
Time : 2 - 4pm
Rgds,
Bill
Tuesday, August 05, 2008
2:36 pm - FKLI has broken and ready to test 1120
Negative report on the political landscape. Chk out malaysiakini.com
9:24 am - FKLI finally break down due to lower KLCI
FKLI has a follow thru today !
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9:02 am - DJIA is slowly mushrooming down !
Major support @ 11,150 will be tested soon !
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8:51 am - FKLI gap up slightly waiting for direction
IF FKLI can break above 1146, the FKLI may move sideway or up.
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Monday, August 04, 2008
9:03 am - FKLI has formed double top at 11,700
Let's see if DJIA has a down trend follow thru or not !
Saturday, August 02, 2008
11 am - Stocks pull back after another decline in jobs
NEW YORK (AP) - Wall Street retreated again Friday after readings on jobsand manufacturing -- the first reports for the third quarter -- indicated thatbusinesses and workers still face a tough economy. The major indexes ended aturbulent week narrowly mixed. A massive quarterly loss at General Motors Corp. and rising oil prices alsogave investors reason to trade cautiously. But the market was considerablycalmer than the first four sessions of the week, when the Dow Jones industrialsrose or fell by triple digits each day in response to economic data or newsabout the financial sector. Friday's reports were not as poor as many analysts had anticipated, whichlikely accounted for the muted reaction. Nonetheless, they portrayed an economythat was still sagging as it entered the second half of the year. The LaborDepartment said jobs fell for the seventh straight month in July by 51,000 --less than expected -- but that the unemployment rate rose to agreater-than-expected 5.7 percent. The report arrived after data Thursday thatshowed an unexpected jump in jobless claims to a five-year high. "It reinforces the idea that we're seeing a steady, but not dramatic,decline in employment, which is likely to last for some time," said MichaelSheldon, chief market strategist at RDM Financial Group in Westport, Conn. Meanwhile, the Institute for Supply Management said manufacturing activitywas flat in July. Given Thursday's disappointing report on gross domesticproduct growth, Wall Street is becoming more certain that the United States isin a recession -- and one that could be prolonged. U.S. recessions since WorldWar I have lasted about 10 months, on average, but have ranged from as little assix months to as long as 16 months, Sheldon said. The flagging economy has sapped consumers' ability to spend freely, which inturn is hurting profits at many big companies. GM said it lost $15.5 billion inthe second quarter, more than analysts predicted and the automaker's third-worstloss in its history. There was also more bad news about construction; the Commerce Departmentreported that building activity declined in June. And the price of oil rose$1.02 to $125.10, retreating from an earlier gain of more than $4, but stillsignaling that its steep decline of recent weeks has at least temporarily beenhalted. The Dow fell 51.70, or 0.45 percent, to 11,326.32. The blue-chip index endedthe week down 0.39 percent. Broader stock indicators also lost ground Friday. The Standard & Poor's 500index fell 7.07, or 0.56 percent, to 1,260.31, and the Nasdaq composite indexfell 14.59, or 0.63 percent, to 2,310.96. Advancing issues, however, narrowly outnumbered decliners Friday on the NewYork Stock Exchange. Consolidated volume came to a relatively light 4.54 billionshares, down from 5.16 billion billion shares Thursday. The S&P finished the week up 0.21 percent, and the Nasdaq finished up 0.02percent. Bond prices edged higher in Friday's trading. The yield on the benchmark10-year Treasury note, which moves opposite its price, fell to 3.94 percent from3.95 percent late Thursday. The dollar was mixed against other major currencies,while gold prices fell. The market's performance the past few sessions shows how jumpy investorsare. The Dow zigzagged up and down by hundreds of points as the marketalternately agonized over the financial sector and signs of economic weakness,and then soared as investors decided things weren't really all that bad afterall. Some analysts believe that a stock market bottom may have been reached, evenif an upswing isn't under way. Others, however, are more cautious and wonderingif more declines are to come -- particularly after Merrill Lynch & Co. announcedbillions of dollars in extra credit-related declines this week. However, most financial stocks performed well Friday, with investors arecautiously optimistic that banks and other financial services companies -- whilestill losing money on their hefty investments in troubled debt -- are startingto clean up their books. Bond insurer Ambac Financial Group Inc. said it agreed to pay $850 millionto settle one of its largest exposures to risky debt instruments calledcollateralized debt obligations. Ambac rose $1.27, or 50 percent, to $3.79,while rival MBIA Inc. rose $1.74, or 29 percent, to $7.67. Other gainers included Dow component American International Group, up 74cents, or 2.8 percent, at $26.79; Wachovia Corp., up $1.71, or 9.9 percent, at$18.98; and Lehman Brothers Holdings Inc., up $1.31, or 7.6 percent, at $18.65. Shares of GM, another Dow component, gave up 84 cents, or 7.6 percent, to$10.23 after posting its quarterly loss. Most companies' quarterly results have been surpassing Wall Street'sforecasts. And beyond financial and consumer discretionary sectors, corporateearnings have been increasing. "There is some room for optimism on the corporate profit front," Sheldonsaid. "But a lot will depend on consumers and energy prices for the remainder ofthe year." Meanwhile, a few pharmaceutical stocks suffered sell-offs on Friday. BiogenIdec Inc. and Elan Corp. PLC fell due to safety concerns related to multiplesclerosis therapy Tysabri. Biogen dropped $19.75, or 28 percent, to $50.01, andElan tumbled $10.12, or 50 percent, to $9.93. The Russell 2000 index of smaller companies rose 1.64, or 0.23 percent, to716.16. Overseas, Japan's Nikkei stock average fell 0.14 percent. Britain's FTSE 100fell 1.06 percent, Germany's DAX index declined 1.28 percent, and France'sCAC-40 fell 1.78 percent. The Dow Jones industrial average ended the week down 44.37, or 0.39 percent,at 11,326.32. The Standard & Poor's 500 index finished up 2.62, or 0.21 percent,at 1,260.31. The Nasdaq composite index ended the week up 0.43, or 0.02 percent,at 2,310.96. The Russell 2000 index finished the week up 5.82, or 0.82 percent, at716.16. The Dow Jones Wilshire 5000 Composite Index -- a free-float weighted indexthat measures 5,000 U.S. based companies -- ended Friday at 12,888.21, up 51.11points, or 0.40 percent, for the week. A year ago, the index was at 14,755.40. Copyright 2008 Associated Press. All rights reserved. This material may not be
Friday, August 01, 2008
3:58 pm - A rare occurs where all stops being hit !
FKLI Aug gone 1200.0. I think FKLI has seen its high, washing all the short stops today.
9:47 pm - FKLI Aug contract gap down due to weaker DJIA closing !
I think FKLI has seen its high already !Thursday, July 31, 2008
Wednesday, July 30, 2008
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