11:14 am - Trade #13 ended with 3 pts profit.

FKLI May MACD had cross down and is trading below 50MA. This is the last day of April contract. Wait for May 2 to trade and signals are mixed.

11:07 pm - Trail stop to 940.0

Trade #13 is in the money.

FKLI is only few points from the historical high at 954.5

9:37 am - FKLI May Contract long at 938.5

Sell stop at 936.5. This is trade #13

4:18 pm - Trade #12 is out at 940

Today, there is a lot of short covering in the morning as the short did not work.

FKLI MACD abt to turn up. At this junction, go for May contract so we can rollover to the next mth.

4:56 pm - Trade #12 is shorted at 938.0

Stop at 941.0

11:03 am - Trade #11 is stopped out at 941

Long at 943 and got out at 941 with a loss of -2 pts.

The FKLI now has turned down - MACD had crossed down and sell signal is on. FKLI is dippg below 50MA.

Daily pivot
R1 = 946.0
P1 = 943.5
S1 = 940.5

12:20 pm - FKLI cross up and long signal

FKLI traded higher and broke up. Trade #11 is long at 943.0

Stop loss at 941.5/941.0

10:42 am - FKLI MACD abt to turn down.

No short selling since it is above 50MA.

10:24 am - There were no long signal on last gap up

MACD cross up but there were no 7 bar line change. So no trade took place.

Although the FKLI gap up to 936 and ran up to 943.

We are seeing some strong resistance at 943/945.

9:52 pm - Trade #10 ended with a loss -1.5 pts

Trade #10 is a loss. Entry long at 933.5 and stop out at 932.0 today.

Daily Pivot for tomorrow is
R1=935.5
P1=931.5
S1=927.5

To go short either take the breakout of 927.5 or short on pullback.

At this point, I may want to short on pullback.

FKLI MACD had crossed down and below 50MA. Signal - Time to go short.

10:12 am - FKLI is ready to cross up

MACD cross up and buy signal at 935.0/934.5

Daily Pivot:
R1 : 934.5
P : 932.0
S1 : 930.0

9:36 am - Wait for MACD to cross up

Long position shud be at 935.5/936.0

10:08 am - MACD has crossed down.

If it break down to 930, this is definitely a short day. I think it wud hold and move sideway before thrusting upward.

Wait for MACD to cross up and long signal at 940.5/941.0

2:35 pm - Wait for the MACD to cross first

At this stage, it is silly to short the market unless for quick 2-3 points profit.

Wait for the MACD to cross up.

10:36 am - Take profit at 939 as it reach high of 944 today.

Profit of 14 pts for trade #9.

10:52 am - FKLI finally broke thru at 934

Trail stop to 930.0.

Is FKLI finally trending up and breaking new high to 935.0. Wait till it break 937.0 and it is a new high.

10:06 am - Trail stop to 929.0

Trade #9 is in the money.

6:39 pm - Trail stop to 924.5

Just 0.5 pts from B/E

4:56 pm - Trail stop of Trade #9 to 921.5

3:47 pm - Trade #9 is long at 925

Stop loss at 921.0

1:38 pm - FKLI abt to cross up

Set up is here. And be ready for MACD to cross. Buy potential at 925/926