5:46 pm - Trading Pivot for 11 Jul 2008

For FKLI

For FCPO

5:16 pm - FKLI has formed a breakout at 1125.0

This is deemed as bullish for tomorrow.

If DJIA closed well tonite, FKLI is deemed to break higher.

Here is the weekly chart. We can go long tomorrow or short higher, either way !

3:44 pm - FKLI & FCPO statistics

FKLI Market Demography for June 2008

Category May08 Jun08 Change
-------- ----- ----- -------
Foreign institution 49% 46% - 6.12%
Domestic institution 1% 1% unch
Foreign retail 0% 0% unch
Domestic retail 37% 38% + 2.70%
Locals 13% 15% +15.38%
Proprietary 0% 0% unch

----------------------------------------------------- (# of contracts)
Total Volume 185,737 230,997 +24.37%
Average daily volume 9,287 11,000 +18.45%
Month end open interest 32,051 35,089 + 9.48%


FCPO Market Demography for June 2008
Category May08 Jun08 Change
-------- ----- ----- -------
Foreign institution 23% 22% - 4.35%
Domestic institution 11% 15% +36.36%
Foreign retail 1% 1% unch
Domestic retail 35% 35% unch
Locals 30% 27% -10.00%
Proprietary 0% 0% unch
----------------------------------------------------- (# of contracts)
Total Volume 147,798 198,086 +34.02%
Average daily volume 7,390 9,433 +27.65%
Month end open interest 39,534 44,053 +11.43%

2:50 pm - FKLI break out to 1224 and then selldown !

Wow ! the FKLI is so difficult to trade.

The market resistance is at 1122/1118.

9:21 am - DJIA is turning bearish now with a bearish engulfing pattern !

I wud like to see if there is follow thru to break further down. The major resistance @ 11,170 was broken easily.

9:13 am - FKLI gaps down but supported well at 1101/1103

DJIA took a big hit last nite and cause the gap ! I was right, one day up and one day down.