9:14 am - FKLI oversold last nite ! Cannot short yet today !

Short at higher level ! For the time being stay aside. There were no follow thru on the short side.

If wish to short, short around 1262-1265.0. Support at 1252.0

5:21 pm - FKLI selldown in the last min @ 1251.0

Think to short when DJIA open higher tomorrow ! We are out of our LONG position at 1254-1257.

4:19 am - When FKLI is weak in the morning, it will be strong in the afternoon.

This morning, we had a selldown and the short covering buy back their position around 4 pm.

4:02 pm - FKLI is staging a mild recovery back from low 1255.0

We shud exit all LONG position and think to short at higher level.

3:01 pm - FKLI has crossed down and it is time to exit our LONG position.

9:49 am - Here is an opportunity to add some more long position for today !

Add more @ 1268.0

9:28 am - DJIA is very strong and closed high last nite + 256.8

If we get momentum tonite, DJIA wud continue to break 12,700/12,800.

5:23 pm - FKLI closed above 1260 @ 1260.5

Let's see how DJIA wud react tonite. At 5:23 pm, DJIA futures is +53 pointing to a higher opening (I believe the closing of DJIA is more important)

3:58 pm - FKLI selldown for the 2nd time after it first turn uptrend.

This is what I am looking after the seller pushes and wash out the long position. If the FKLI can close @ 1258/1260, the uptrend is still intact.

12:17 noon - FKLI looks toppish at this moment !

Can take some profit now !

11:02 am - FKLI has broken higher to 1263.5

Trail our stop higher to 1248.5

9;26 am - FKLI gap up due to better closing by DJIA.

If FKLI cannot hold above 1254, this is a good day for LONG position. LONG position is on. Stop @ 1243.5.

9:18 am - DJIA has a doji with average volume last nite.

DJIA 1st up day over 4 down day. The volume is insignificant meaning, the probability for DJIA to go up tomorrow is 50:50.

5:25 : LONG position triggered today just after lunch !

Stop at 1235.0

5:17 pm - FKLI closed high +12 pts @ 1246

Let's see how DJIA wud closed tonite.

3:31 pm - FKLI turning bullish now but profit taking for intraday long position is occuring now.

12:29 pm - After traders been washed out, FKLI stage a uptrend from 1237.0

11:02 am - FKLI washes out long position trader @ 1234 and washes short trader @ 1243

But it look like FKLI wants to go higher. KLCI is still up +7.08 pts.

9:40 am - Update : My newsletter recommends LONG position for FCPO on 3540.

FCPO closed 3595 (+141) with soy oil closes high last nite. We wud see higher FCPO + volatility as today it is inventory report day from SGS/ITS report.

9:19 am - FKLI trying to break higher to 1254.0

It must stay above 1239 to remain bullish for the morning.