Think of going short ! If you bear the DJIA overnite, you can short tonite before closing at 5.15 pm.
Monday, March 31, 2008
12:33 pm - FKLI is beginning to mushroom as the day progress
Think short. Wait for tomorrow FKLI market to gap up if DJIA closed highly tonite. This is the short setup trade for tomorrow.
10:44 am - DJIA is trending lower with low volume.
We may see a lower DJIA tonite as profesionals not interested in DJIA.
10:17 am - FKLI on an hourly basis starting to mushrooming
This is a sign of bearishness at the top.
9:23 am - FKLI is ready to go up !
Let's see what happens in the afternoon if there is a follow thru.
Friday, March 28, 2008
5:06 pm - FKLI closed well too !
Each bar is marching higher ! Wait for the wide range bar to happen before exiting !
2:27 pm - Here are some reasons for investing in Man Fund Hedge Fund.
Dear Investors,
This is an interesting article taken from Bloomberg News today. It reports that Man Group continues to perform both for its investors as well as shareholders.
The OM IP Eclipse 3 closes on 4 April. Any questions or if you wish to sign up I will be in the office Saturday morning for the Phillip Currency seminar
11 AM to 12 30. Otherwise just give me or Martin a call. In trading he or she who hesitates will miss the opportunity
The reason Man assets continue to grow is because smart, sophisticated money is moving into Man Hedge Funds. Smart money wishes to profit from world stock market and currency volatility and the instability of the Middle East- witness the 6 USD jump in crude oil yesterday as terrorists blew up a pipeline in Basra Iraq which exports 80 % of Iraq oil. By the way Man funds are long the crude oil futures market. If the US pulls out of Iraq when Bush and his chronies are kicked out in November
expect the Iraq terrorists to create havok. Even Iran may step in to take control. There could be mayhem in the fight for control of the Basra Oil. If you hold Man funds and they hold crude oil futures contract you have the chance to make good returns when stock markets are collapsing.
You will sleep better if you hold some of your wealth in Man
Bill
By Tom Cahill March 27 (Bloomberg) -- Man Group Plc, the world's largestpublicly traded hedge fund manager, said annual earnings willexceed analysts' estimates, helped by rising performance fees. Profit before tax in the year ending March 31 will surpass$1.82 billion, the average estimate of 13 analysts surveyed bythe company, London-based Man Group said today in a statement.Man earned $1.3 billion in the previous 12 months. Man Group's flagship $3 billion AHL Diversified Plc fundrose 23 percent from a year ago, beating the 10 percent gain forthe Credit Suisse/Tremont Hedge Index and boosting fees tied toperformance. Man uses the AHL trading system to manage at least$21 billion in total. Peter Clarke, who took over in April aschief executive officer, said the company is ``extremely wellplaced'' for further growth. ``They've had spectacularly great performance with AHL,''said Jason Streets, head of research at Evolution Group Plc inLondon, who has a ``buy'' recommendation on the shares. ``Theinteresting thing is there's nothing about performanceelsewhere.'' Man Group rose 7 pence, or 1.3 percent, to 552.5 pence by8:30 a.m. in London trading. The stock has declined 2.7 percentthis year, the fourth-best performance in the 60-member BloombergEurope Banks and Financial Services Index.
This is an interesting article taken from Bloomberg News today. It reports that Man Group continues to perform both for its investors as well as shareholders.
The OM IP Eclipse 3 closes on 4 April. Any questions or if you wish to sign up I will be in the office Saturday morning for the Phillip Currency seminar
11 AM to 12 30. Otherwise just give me or Martin a call. In trading he or she who hesitates will miss the opportunity
The reason Man assets continue to grow is because smart, sophisticated money is moving into Man Hedge Funds. Smart money wishes to profit from world stock market and currency volatility and the instability of the Middle East- witness the 6 USD jump in crude oil yesterday as terrorists blew up a pipeline in Basra Iraq which exports 80 % of Iraq oil. By the way Man funds are long the crude oil futures market. If the US pulls out of Iraq when Bush and his chronies are kicked out in November
expect the Iraq terrorists to create havok. Even Iran may step in to take control. There could be mayhem in the fight for control of the Basra Oil. If you hold Man funds and they hold crude oil futures contract you have the chance to make good returns when stock markets are collapsing.
You will sleep better if you hold some of your wealth in Man
Bill
By Tom Cahill March 27 (Bloomberg) -- Man Group Plc, the world's largestpublicly traded hedge fund manager, said annual earnings willexceed analysts' estimates, helped by rising performance fees. Profit before tax in the year ending March 31 will surpass$1.82 billion, the average estimate of 13 analysts surveyed bythe company, London-based Man Group said today in a statement.Man earned $1.3 billion in the previous 12 months. Man Group's flagship $3 billion AHL Diversified Plc fundrose 23 percent from a year ago, beating the 10 percent gain forthe Credit Suisse/Tremont Hedge Index and boosting fees tied toperformance. Man uses the AHL trading system to manage at least$21 billion in total. Peter Clarke, who took over in April aschief executive officer, said the company is ``extremely wellplaced'' for further growth. ``They've had spectacularly great performance with AHL,''said Jason Streets, head of research at Evolution Group Plc inLondon, who has a ``buy'' recommendation on the shares. ``Theinteresting thing is there's nothing about performanceelsewhere.'' Man Group rose 7 pence, or 1.3 percent, to 552.5 pence by8:30 a.m. in London trading. The stock has declined 2.7 percentthis year, the fourth-best performance in the 60-member BloombergEurope Banks and Financial Services Index.
12:42 noon - Here are some reasons why you should invest in Man Investment Hedge Fund .
Man Group Says Annual Profit Tops Analysts' Estimates (Update2)2008-03-27 04:48 (New York)
(Adds fees in seventh paragraph.)
By Tom Cahill March 27 (Bloomberg) -- Man Group Plc, the world's largestpublicly traded hedge fund manager, said annual earnings willexceed analysts' estimates, helped by rising performance fees. Profit before tax in the year ending March 31 will surpass$1.82 billion, the average estimate of 13 analysts surveyed bythe company, London-based Man Group said today in a statement.Man earned $1.3 billion in the previous 12 months. Man Group's flagship $3 billion AHL Diversified Plc fundrose 23 percent from a year ago, beating the 10 percent gain forthe Credit Suisse/Tremont Hedge Index and boosting fees tied toperformance. Man uses the AHL trading system to manage at least$21 billion in total. Peter Clarke, who took over in April aschief executive officer, said the company is ``extremely wellplaced'' for further growth. ``They've had spectacularly great performance with AHL,''said Jason Streets, head of research at Evolution Group Plc inLondon, who has a ``buy'' recommendation on the shares. ``Theinteresting thing is there's nothing about performanceelsewhere.'' Man Group rose 7 pence, or 1.3 percent, to 552.5 pence by8:30 a.m. in London trading. The stock has declined 2.7 percentthis year, the fourth-best performance in the 60-member BloombergEurope Banks and Financial Services Index.
Assets Rise
Man said investors added $15.8 billion to its funds in theyear, while redeeming $10.6 billion. Total assets undermanagement rose 4.6 percent to a record $75 billion, comparedwith $71.7 billion at the end of 2007. Net sales, or sales lessredemptions, were $900 million in the first three months of 2008,the statement said. Net management fee income will rise by more than 15 percentfrom the previous year, Man Group said. Hedge funds typicallykeep 20 percent of investment gains as performance fees. Man saidperformance fees will be ``up strongly over last year and aboveexpectations,'' without providing a specific figure. Streets at Evolution said the management fees and assetsunder management were ``slightly below'' his estimates. He hadprojected profit before tax of $2.06 billion. Hedge funds are mostly private pools of capital whosemanagers participate substantially in the profits from theirspeculation on whether the price of assets will rise or fall.They typically seek clients with at least $1 million to invest. Man, which started as a sugar trader in 1783, raised $2.9billion last year in the initial public offering of its MF GlobalLtd. brokerage unit.
--Editor: Frank Connelly, Mike Anderson
(Adds fees in seventh paragraph.)
By Tom Cahill March 27 (Bloomberg) -- Man Group Plc, the world's largestpublicly traded hedge fund manager, said annual earnings willexceed analysts' estimates, helped by rising performance fees. Profit before tax in the year ending March 31 will surpass$1.82 billion, the average estimate of 13 analysts surveyed bythe company, London-based Man Group said today in a statement.Man earned $1.3 billion in the previous 12 months. Man Group's flagship $3 billion AHL Diversified Plc fundrose 23 percent from a year ago, beating the 10 percent gain forthe Credit Suisse/Tremont Hedge Index and boosting fees tied toperformance. Man uses the AHL trading system to manage at least$21 billion in total. Peter Clarke, who took over in April aschief executive officer, said the company is ``extremely wellplaced'' for further growth. ``They've had spectacularly great performance with AHL,''said Jason Streets, head of research at Evolution Group Plc inLondon, who has a ``buy'' recommendation on the shares. ``Theinteresting thing is there's nothing about performanceelsewhere.'' Man Group rose 7 pence, or 1.3 percent, to 552.5 pence by8:30 a.m. in London trading. The stock has declined 2.7 percentthis year, the fourth-best performance in the 60-member BloombergEurope Banks and Financial Services Index.
Assets Rise
Man said investors added $15.8 billion to its funds in theyear, while redeeming $10.6 billion. Total assets undermanagement rose 4.6 percent to a record $75 billion, comparedwith $71.7 billion at the end of 2007. Net sales, or sales lessredemptions, were $900 million in the first three months of 2008,the statement said. Net management fee income will rise by more than 15 percentfrom the previous year, Man Group said. Hedge funds typicallykeep 20 percent of investment gains as performance fees. Man saidperformance fees will be ``up strongly over last year and aboveexpectations,'' without providing a specific figure. Streets at Evolution said the management fees and assetsunder management were ``slightly below'' his estimates. He hadprojected profit before tax of $2.06 billion. Hedge funds are mostly private pools of capital whosemanagers participate substantially in the profits from theirspeculation on whether the price of assets will rise or fall.They typically seek clients with at least $1 million to invest. Man, which started as a sugar trader in 1783, raised $2.9billion last year in the initial public offering of its MF GlobalLtd. brokerage unit.
--Editor: Frank Connelly, Mike Anderson
12:42 noon - Here are some reasons why you should invest in Man Investment Hedge Fund .
Man Group Says Annual Profit Tops Analysts' Estimates (Update2)2008-03-27 04:48 (New York)
(Adds fees in seventh paragraph.)
By Tom Cahill March 27 (Bloomberg) -- Man Group Plc, the world's largestpublicly traded hedge fund manager, said annual earnings willexceed analysts' estimates, helped by rising performance fees. Profit before tax in the year ending March 31 will surpass$1.82 billion, the average estimate of 13 analysts surveyed bythe company, London-based Man Group said today in a statement.Man earned $1.3 billion in the previous 12 months. Man Group's flagship $3 billion AHL Diversified Plc fundrose 23 percent from a year ago, beating the 10 percent gain forthe Credit Suisse/Tremont Hedge Index and boosting fees tied toperformance. Man uses the AHL trading system to manage at least$21 billion in total. Peter Clarke, who took over in April aschief executive officer, said the company is ``extremely wellplaced'' for further growth. ``They've had spectacularly great performance with AHL,''said Jason Streets, head of research at Evolution Group Plc inLondon, who has a ``buy'' recommendation on the shares. ``Theinteresting thing is there's nothing about performanceelsewhere.'' Man Group rose 7 pence, or 1.3 percent, to 552.5 pence by8:30 a.m. in London trading. The stock has declined 2.7 percentthis year, the fourth-best performance in the 60-member BloombergEurope Banks and Financial Services Index.
Assets Rise
Man said investors added $15.8 billion to its funds in theyear, while redeeming $10.6 billion. Total assets undermanagement rose 4.6 percent to a record $75 billion, comparedwith $71.7 billion at the end of 2007. Net sales, or sales lessredemptions, were $900 million in the first three months of 2008,the statement said. Net management fee income will rise by more than 15 percentfrom the previous year, Man Group said. Hedge funds typicallykeep 20 percent of investment gains as performance fees. Man saidperformance fees will be ``up strongly over last year and aboveexpectations,'' without providing a specific figure. Streets at Evolution said the management fees and assetsunder management were ``slightly below'' his estimates. He hadprojected profit before tax of $2.06 billion. Hedge funds are mostly private pools of capital whosemanagers participate substantially in the profits from theirspeculation on whether the price of assets will rise or fall.They typically seek clients with at least $1 million to invest. Man, which started as a sugar trader in 1783, raised $2.9billion last year in the initial public offering of its MF GlobalLtd. brokerage unit.
--Editor: Frank Connelly, Mike Anderson
(Adds fees in seventh paragraph.)
By Tom Cahill March 27 (Bloomberg) -- Man Group Plc, the world's largestpublicly traded hedge fund manager, said annual earnings willexceed analysts' estimates, helped by rising performance fees. Profit before tax in the year ending March 31 will surpass$1.82 billion, the average estimate of 13 analysts surveyed bythe company, London-based Man Group said today in a statement.Man earned $1.3 billion in the previous 12 months. Man Group's flagship $3 billion AHL Diversified Plc fundrose 23 percent from a year ago, beating the 10 percent gain forthe Credit Suisse/Tremont Hedge Index and boosting fees tied toperformance. Man uses the AHL trading system to manage at least$21 billion in total. Peter Clarke, who took over in April aschief executive officer, said the company is ``extremely wellplaced'' for further growth. ``They've had spectacularly great performance with AHL,''said Jason Streets, head of research at Evolution Group Plc inLondon, who has a ``buy'' recommendation on the shares. ``Theinteresting thing is there's nothing about performanceelsewhere.'' Man Group rose 7 pence, or 1.3 percent, to 552.5 pence by8:30 a.m. in London trading. The stock has declined 2.7 percentthis year, the fourth-best performance in the 60-member BloombergEurope Banks and Financial Services Index.
Assets Rise
Man said investors added $15.8 billion to its funds in theyear, while redeeming $10.6 billion. Total assets undermanagement rose 4.6 percent to a record $75 billion, comparedwith $71.7 billion at the end of 2007. Net sales, or sales lessredemptions, were $900 million in the first three months of 2008,the statement said. Net management fee income will rise by more than 15 percentfrom the previous year, Man Group said. Hedge funds typicallykeep 20 percent of investment gains as performance fees. Man saidperformance fees will be ``up strongly over last year and aboveexpectations,'' without providing a specific figure. Streets at Evolution said the management fees and assetsunder management were ``slightly below'' his estimates. He hadprojected profit before tax of $2.06 billion. Hedge funds are mostly private pools of capital whosemanagers participate substantially in the profits from theirspeculation on whether the price of assets will rise or fall.They typically seek clients with at least $1 million to invest. Man, which started as a sugar trader in 1783, raised $2.9billion last year in the initial public offering of its MF GlobalLtd. brokerage unit.
--Editor: Frank Connelly, Mike Anderson
12:42 noon - Here are some reasons why you should invest in Man Investment Hedge Fund .
Man Group Says Annual Profit Tops Analysts' Estimates (Update2)2008-03-27 04:48 (New York)
(Adds fees in seventh paragraph.)
By Tom Cahill March 27 (Bloomberg) -- Man Group Plc, the world's largestpublicly traded hedge fund manager, said annual earnings willexceed analysts' estimates, helped by rising performance fees. Profit before tax in the year ending March 31 will surpass$1.82 billion, the average estimate of 13 analysts surveyed bythe company, London-based Man Group said today in a statement.Man earned $1.3 billion in the previous 12 months. Man Group's flagship $3 billion AHL Diversified Plc fundrose 23 percent from a year ago, beating the 10 percent gain forthe Credit Suisse/Tremont Hedge Index and boosting fees tied toperformance. Man uses the AHL trading system to manage at least$21 billion in total. Peter Clarke, who took over in April aschief executive officer, said the company is ``extremely wellplaced'' for further growth. ``They've had spectacularly great performance with AHL,''said Jason Streets, head of research at Evolution Group Plc inLondon, who has a ``buy'' recommendation on the shares. ``Theinteresting thing is there's nothing about performanceelsewhere.'' Man Group rose 7 pence, or 1.3 percent, to 552.5 pence by8:30 a.m. in London trading. The stock has declined 2.7 percentthis year, the fourth-best performance in the 60-member BloombergEurope Banks and Financial Services Index.
Assets Rise
Man said investors added $15.8 billion to its funds in theyear, while redeeming $10.6 billion. Total assets undermanagement rose 4.6 percent to a record $75 billion, comparedwith $71.7 billion at the end of 2007. Net sales, or sales lessredemptions, were $900 million in the first three months of 2008,the statement said. Net management fee income will rise by more than 15 percentfrom the previous year, Man Group said. Hedge funds typicallykeep 20 percent of investment gains as performance fees. Man saidperformance fees will be ``up strongly over last year and aboveexpectations,'' without providing a specific figure. Streets at Evolution said the management fees and assetsunder management were ``slightly below'' his estimates. He hadprojected profit before tax of $2.06 billion. Hedge funds are mostly private pools of capital whosemanagers participate substantially in the profits from theirspeculation on whether the price of assets will rise or fall.They typically seek clients with at least $1 million to invest. Man, which started as a sugar trader in 1783, raised $2.9billion last year in the initial public offering of its MF GlobalLtd. brokerage unit.
--Editor: Frank Connelly, Mike Anderson
(Adds fees in seventh paragraph.)
By Tom Cahill March 27 (Bloomberg) -- Man Group Plc, the world's largestpublicly traded hedge fund manager, said annual earnings willexceed analysts' estimates, helped by rising performance fees. Profit before tax in the year ending March 31 will surpass$1.82 billion, the average estimate of 13 analysts surveyed bythe company, London-based Man Group said today in a statement.Man earned $1.3 billion in the previous 12 months. Man Group's flagship $3 billion AHL Diversified Plc fundrose 23 percent from a year ago, beating the 10 percent gain forthe Credit Suisse/Tremont Hedge Index and boosting fees tied toperformance. Man uses the AHL trading system to manage at least$21 billion in total. Peter Clarke, who took over in April aschief executive officer, said the company is ``extremely wellplaced'' for further growth. ``They've had spectacularly great performance with AHL,''said Jason Streets, head of research at Evolution Group Plc inLondon, who has a ``buy'' recommendation on the shares. ``Theinteresting thing is there's nothing about performanceelsewhere.'' Man Group rose 7 pence, or 1.3 percent, to 552.5 pence by8:30 a.m. in London trading. The stock has declined 2.7 percentthis year, the fourth-best performance in the 60-member BloombergEurope Banks and Financial Services Index.
Assets Rise
Man said investors added $15.8 billion to its funds in theyear, while redeeming $10.6 billion. Total assets undermanagement rose 4.6 percent to a record $75 billion, comparedwith $71.7 billion at the end of 2007. Net sales, or sales lessredemptions, were $900 million in the first three months of 2008,the statement said. Net management fee income will rise by more than 15 percentfrom the previous year, Man Group said. Hedge funds typicallykeep 20 percent of investment gains as performance fees. Man saidperformance fees will be ``up strongly over last year and aboveexpectations,'' without providing a specific figure. Streets at Evolution said the management fees and assetsunder management were ``slightly below'' his estimates. He hadprojected profit before tax of $2.06 billion. Hedge funds are mostly private pools of capital whosemanagers participate substantially in the profits from theirspeculation on whether the price of assets will rise or fall.They typically seek clients with at least $1 million to invest. Man, which started as a sugar trader in 1783, raised $2.9billion last year in the initial public offering of its MF GlobalLtd. brokerage unit.
--Editor: Frank Connelly, Mike Anderson
12:42 noon - Here are some reasons why you should invest in Man Investment Hedge Fund .
Man Group Says Annual Profit Tops Analysts' Estimates (Update2)2008-03-27 04:48 (New York)
(Adds fees in seventh paragraph.)
By Tom Cahill March 27 (Bloomberg) -- Man Group Plc, the world's largestpublicly traded hedge fund manager, said annual earnings willexceed analysts' estimates, helped by rising performance fees. Profit before tax in the year ending March 31 will surpass$1.82 billion, the average estimate of 13 analysts surveyed bythe company, London-based Man Group said today in a statement.Man earned $1.3 billion in the previous 12 months. Man Group's flagship $3 billion AHL Diversified Plc fundrose 23 percent from a year ago, beating the 10 percent gain forthe Credit Suisse/Tremont Hedge Index and boosting fees tied toperformance. Man uses the AHL trading system to manage at least$21 billion in total. Peter Clarke, who took over in April aschief executive officer, said the company is ``extremely wellplaced'' for further growth. ``They've had spectacularly great performance with AHL,''said Jason Streets, head of research at Evolution Group Plc inLondon, who has a ``buy'' recommendation on the shares. ``Theinteresting thing is there's nothing about performanceelsewhere.'' Man Group rose 7 pence, or 1.3 percent, to 552.5 pence by8:30 a.m. in London trading. The stock has declined 2.7 percentthis year, the fourth-best performance in the 60-member BloombergEurope Banks and Financial Services Index.
Assets Rise
Man said investors added $15.8 billion to its funds in theyear, while redeeming $10.6 billion. Total assets undermanagement rose 4.6 percent to a record $75 billion, comparedwith $71.7 billion at the end of 2007. Net sales, or sales lessredemptions, were $900 million in the first three months of 2008,the statement said. Net management fee income will rise by more than 15 percentfrom the previous year, Man Group said. Hedge funds typicallykeep 20 percent of investment gains as performance fees. Man saidperformance fees will be ``up strongly over last year and aboveexpectations,'' without providing a specific figure. Streets at Evolution said the management fees and assetsunder management were ``slightly below'' his estimates. He hadprojected profit before tax of $2.06 billion. Hedge funds are mostly private pools of capital whosemanagers participate substantially in the profits from theirspeculation on whether the price of assets will rise or fall.They typically seek clients with at least $1 million to invest. Man, which started as a sugar trader in 1783, raised $2.9billion last year in the initial public offering of its MF GlobalLtd. brokerage unit.
--Editor: Frank Connelly, Mike Anderson
(Adds fees in seventh paragraph.)
By Tom Cahill March 27 (Bloomberg) -- Man Group Plc, the world's largestpublicly traded hedge fund manager, said annual earnings willexceed analysts' estimates, helped by rising performance fees. Profit before tax in the year ending March 31 will surpass$1.82 billion, the average estimate of 13 analysts surveyed bythe company, London-based Man Group said today in a statement.Man earned $1.3 billion in the previous 12 months. Man Group's flagship $3 billion AHL Diversified Plc fundrose 23 percent from a year ago, beating the 10 percent gain forthe Credit Suisse/Tremont Hedge Index and boosting fees tied toperformance. Man uses the AHL trading system to manage at least$21 billion in total. Peter Clarke, who took over in April aschief executive officer, said the company is ``extremely wellplaced'' for further growth. ``They've had spectacularly great performance with AHL,''said Jason Streets, head of research at Evolution Group Plc inLondon, who has a ``buy'' recommendation on the shares. ``Theinteresting thing is there's nothing about performanceelsewhere.'' Man Group rose 7 pence, or 1.3 percent, to 552.5 pence by8:30 a.m. in London trading. The stock has declined 2.7 percentthis year, the fourth-best performance in the 60-member BloombergEurope Banks and Financial Services Index.
Assets Rise
Man said investors added $15.8 billion to its funds in theyear, while redeeming $10.6 billion. Total assets undermanagement rose 4.6 percent to a record $75 billion, comparedwith $71.7 billion at the end of 2007. Net sales, or sales lessredemptions, were $900 million in the first three months of 2008,the statement said. Net management fee income will rise by more than 15 percentfrom the previous year, Man Group said. Hedge funds typicallykeep 20 percent of investment gains as performance fees. Man saidperformance fees will be ``up strongly over last year and aboveexpectations,'' without providing a specific figure. Streets at Evolution said the management fees and assetsunder management were ``slightly below'' his estimates. He hadprojected profit before tax of $2.06 billion. Hedge funds are mostly private pools of capital whosemanagers participate substantially in the profits from theirspeculation on whether the price of assets will rise or fall.They typically seek clients with at least $1 million to invest. Man, which started as a sugar trader in 1783, raised $2.9billion last year in the initial public offering of its MF GlobalLtd. brokerage unit.
--Editor: Frank Connelly, Mike Anderson
Thursday, March 27, 2008
9:36 pm - FKLI gap down and stop out our LONG trade at 1220.5
We are out of our LONG position. Profit +37 pts if we follow the system this time.
Anyway, the FKLI shape is bearish and we might get a burst of upward movement and we shud be thinking of shorting now.
Wednesday, March 26, 2008
5:44 pm - FKLI is very volatile caused by institution rollover of their contracts
This is why FKLI is up (+7 pts) slightly while KLCI is up more (+15.27 pts).
1:29 pm - It pays to read my newsletter again ! My newsletters recommends to go LONG at 3566.
Last done is 3640. That is 74 pts in the money for just following my newsletter's today recommendation.
1:17 pm - FKLI looking very toppish. Profit taking activities are ON !
There will be many sell signals.
10:01 am - FKLI is up and running !
Our trailing stop is still 1217.5. Some clients got out earlier due to this morning selldown. Await new signal from TG.
Tuesday, March 25, 2008
1:35 pm - My weekly newsletter recommendation call for a LONG position at 1215.0
It paid to read Martin's newsletter and it is free for his clients.
12:38 noon - FKLI looks like it is going to go up !
Volume is up and heavy for KLCI.
In the money and stop at 1189.0
9:39 am - FKLI gaps up due to surge of DJIA over 187 pts.
Our long position is still in. Stop at 1185.5.
Monday, March 24, 2008
5:18 pm - FKLI close lower to finish with almost 10 pts discount.
Let's see how DJIA wud close tonite. Our long position is still in and stop at 1170.0
1:22 pm - FKLI has finally broken out from 1183-1185 resistance
Next target is 1225.0. Can FKLI hit it ?
10:21 am - FKLI gap up to try to close up the gap between cash and futures.
FKLI only open at 10:15 am due to Bursa Malaysia technical problem.
Our indicator is showing long signal. Think to go LONG !
Friday, March 21, 2008
9:51 am - DJIA register high volume last nite. This maybe a reversal for DJIA.
Note the last high volume we had and we had a reversal bar.
Wednesday, March 19, 2008
7:55 pm - US stocks heading for lower open
NEW YORK (AP) - U.S. stocks were poised to open lower Wednesday asinvestors grew more cautious about the banking system and prepared to takeprofits following Tuesday's pop on Wall Street. On Tuesday, the Dow Jones industrial average shot up 420 points after theFederal Reserve cut its key interest rate by three-quarters of a percentagepoint. Investors were relieved as well to see two investment banks -- LehmanBrothers Holdings Inc. and Goldman Sachs & Co. -- report better-than-expectedquarterly profits. But Morgan Stanley's earnings are on tap Wednesday, and the rest of WallStreet is going to want to see if the investment bank is relatively healthy likeLehman or Goldman, or at risk of failure like the recently bought out BearStearns Cos. A pullback was to be expected given the magnitude of Tuesday's gain andinvestors' concerns about the many unknowns that remain not only about thefinancial sector, but the overall economy as well. Dow Jones industrial average futures fell 65, or 0.52 percent, to 12,340.Standard & Poor's 500 index futures fell 8.30, or 0.62 percent, to 1,325.70,while Nasdaq 100 index futures fell 10.0, 0.56 percent, to 1,761.0. Bond prices rose. The yield on the benchmark 10-year Treasury note, whichmove opposite its price, fell to 3.40 percent from 3.50 percent late Tuesday.The dollar was mixed against other major currencies, while gold prices fell. Light, sweet crude fell 87 cents to $108.55 per barrel in premarketelectronic trading on the New York Mercantile Exchange. Late Tuesday, Visa Inc. launched the largest initial public offering in U.S.history, selling 406 million shares at $44 each to raise $17.9 billion. Theworld's largest credit card processor -- unlike Discover Financial Services,which releases earnings on Wednesday, and American Express Co. -- is not alender, and many investors are betting that it will easily survive the falteringU.S. economy and credit climate. The Fed has slashed key rates by more than half since last summer, when themortgage crisis claimed its grip on the global credit markets. But the housingand lending industries are still hurting. The government is expected on Wednesday to loosen the capital restraints onmortgage-finance companies Fannie Mae and Freddie Mac, so they can play largerroles in the struggling housing market. The Office of Federal Housing EnterpriseOversight, which oversees the government-sponsored companies, was announcing theplan Wednesday, people familiar with the matter said Tuesday. Meanwhile, after JPMorgan Chase & Co.'s announcement Sunday that it wasbuying out the troubled investment bank Bear Stearns Cos., French bank BNPParibas SA said Wednesday it is no longer interested in making a takeover bidfor rival, Societe Generale. Societe Generale has been hurting after a roguefutures trader logged $7 billion in losses. Stock markets overseas were mixed after Wall Street's jump on Tuesday.Japan's Nikkei stock average increased 2.48 percent, while Hong Kong's Hang Sengindex rose 2.26 percent. In midday trading, Britain's FTSE 100 slipped 0.98percent, Germany's DAX index lost 0.71 percent, and France's CAC-40 declined0.58 percent. Copyright 2008 Associated Press. All rights reserved. This material may not be
4:41 pm - FKLI recover to try to close higher @ 1164
This is a sad day for the long traders. The market open and selldown.
Tuesday, March 18, 2008
12:32 pm - FCPO limit down today !
For all my days trading FCP0, this is the 1st for me. The market went down 100 pts. in 15 mins.
Monday, March 17, 2008
4:53 pm - FKLI is moving sideway or downward !
FKLI has broken 1150 level already ! This is a short trade.
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