MarketWrap : Oct up 3.4% but ends neutral...

Mkt finished near lows as "sell on rebound" mode prevented the mkt from sustaining its early big gains. The mkt is now fishing for direction and this may take a long time. Range trading for Nov 1250-1270. if bulls are lucky.

Next week, below 1230 is a strong sell call. As for upside, the mkt must at least take out 55 to dispell "some' of this week's bad vibes.

FKLI : mornign gossip....1240-1245.

DJ +200/+2% in a broad-based advance as a strong report on economic growth in the third quarter reassured investors that the recovery is on track. 3.5% vs 3.2% est. ...CNN

8.20 : DJ futs -8. Regional doing +0.5% to +1%. Commodities rebounding mode.

Fkli is seen steady near 45++, waiting for fbm. Expectation is for fbm to retest 50 and trade within 45-50. Stronger tone today with fkli seen at intra-day buy zone, above 40 but unlikely to clear major resistance lvl, like 7SMA.

MarketWrap : the end of uptrend channel....

Mkts bounce off 30-SMA after early selloff but damage is done. While the mkt remains above the last short term green support, today’s action effectively broke the long term uptrend channel, established since March 09, after more than 50% adjustment from 1200-1270+. Instead. bears will have the upper hand, with a new downtrend line.

Downward risk is high if fkli stays under the dwtrend line but I do not forsee mkt turning long term bearish, below 1200, but instead visualising a prolong consoldation phase in Nov before a resumption of an uptrend move in Dec. To be sure, its a sell mkt. technically.

No more sell call this week. But if mkt breaks green support next week, will initiate a short term sell targeting towards 1200. Unlikely to see strong buying signal in the coming days, maybe 1 or 2 weeks - until you see 7SMA bending upwards.

FKLI : morning gossip.....34-40

DJ -112, led by the tech-fueled Nasdaq, as a weaker-than-expected new home sales report added to questions about the strength of the economic recovery..CNN.


8.30 : DJ futs +2. Regional slump 2%. Commodities near 1% to 2% lower.

No helping hands for bulls...external and technical all negative. Fkli may dip as low as 34, green support on knee jerk but may bounce back on intra-day buy assuming fbm can sustain above 40.

A big gap down , if any, near 30++ should provide intra-day chance...

fkli below 40, fbm below 45 a sell mkt.

MarketWrap : 50 is out..not good

Negative tone continues as mkt fails to hold, despite attempts, amid very weak external factors. Fkli saw selling from 50 to 45 after seeing fbm finished below 50 lvl.

Yellow support broken, tomorrow target is blue support, possibly green too. Immediate resistance is lowered to 57++. Anything below, don’t go long this week. Wait and pray - means downside is seen limited but without strong external positives and local bulls disheartening, the mkt will shift to boringdation band.- rough ride with many insignificant, maybe false,signals

Will see how the mkt develop as the recent uptrend is now put to a halt. This is a near term sell within a long term uptrend mkt

FKLI : morning gossip.....1254-1260

DJ +14, energy offset Nasdaq slump.

8.30 : DJ futs +20. Regional lower, near 0.5% taking cue form Nasdaq.

Fkli is seen taking support from strong commodities and stay above 50 on positive DJ futs. Broad based upside potential remains small till SH or HS opens

Assuming a firm mkt, above 57, fkli is intra-day buy, below 54 is intra-day sell but limited to 50. Anyhow, seems like a tight range 50-60.

MarketWrap: fbm does a superman’s lift...cutloss

Fbm stunning 7-points push, from 53 to 60 at preclosing stage triggered knee jerk short covering n push fkli to intra-day highs but maintaning a discount length. No particular counter. The only action in afternoon.

Daily candle looks positive relatively with its “long leg” but to be sure it was due to one those push gives you many doubts. At best, mkt seen bottoming out after 20++ points adjustment but needs to regain 7SMA or park near 70 to be convincing.

At this rate, moving averages are pointing to a sideways mkt in Nov…oh no!

FKLI : morning gossip....1255++

DJ -100, retreating after the Dow crossed the 10,000 level again, as a stronger dollar battered commodity shares, and the financial sector tumbled.... CNN

8.10 : DJ futs -17. Regional seen within 0.5% to 1% lower. Commodities lower.

Defensive play again as technical weakness worsen. Below 1263 is a sell market targeting 50-55 support band. Likely to stay a sell tone today.

For buying, wait for intra-day buy signal, if any.

MarketWrap : negative tone prevails...bull in danger

Fbm missed the chance to test 70 and did not initiate positive move like its peer. Maybe local funds take profit after budget. This conflicting signal again put fkli in a tight spot for most of the day, at least till 4.30. Thenafter, fkli gather enough courage to make “small” premium on the back of Europe/DJ futs strength. Fbm a big drag today but very slow n quiet day.

Below 70 is deemed consolidating with downward pressure but is likely to stay above 50 this week. 70 is blurring still “visible” with glasses. No hurry to go fresh long in Nov if mkt stays below 70 as risk of a greater pullback, towards green line, grows over time.

For long, like myself, lets pray that we will see a breakout of 70 by the end of this week

FKLI : morning gossip....62-65

DJ -100 as commodities fell from recent high.

8.20 : DJ futs -7. NK and Kos flat not reacting to Fri's DJ loss. NK -20. Kos +3. Commodities off 1% to 2 %

fkli is likely to take comfort and stay firm within 62-65 before taking cue from fbm like whether fbm will try 70 or head towards 60.

Despite DJ loss, fbm. fkli are likely to hold above 60. And any upside should be treated with cautious before HS opens.

Below 63, fbm.fkli are a technical sell mkt.

US economic data week ahead ....

Earnings this week could provide upside incentives with energy companies earnings. Crude oil price average $59 in 2Q vs US$68 in 3Q.

No major eco. data till 3Q GDP first reading and weekly jobless claims on Thu. Fri's personal income.spending data.

MarketWrap: ahlong again...must go above 70 Monday!

A week of adjustments after hitting 70 mark. But managed to cap off a positive week, thanks to strong Fri’s rebound. And therefore instantly reviving a showdown at 1300 if mkts trades above 70 next week after given it a miss this week.

Above 70, looks a good bet for long next week, especially Monday and Tuesday. Following strong recovery today, no sell call till 60 support is breached.

At the moment , the mkt is considered rangebound, generally in a 50-70 band. But upside breakout potential is higher following it current momentum & its proximty to resistance lvl.

Fkli : morning gossip...60-65

DJ +132, Blue chips led a bigger stock market rally Thursday, as better-than-expected results from four components pushed the Dow industrials above 10,000 again. CNN

8.20 : DJ futs +14. Regional up 0.5%. Commodities strong.

Strong DJ bounce. This would push fkli back above to 60 due to the discount but is seen stuck within 60-65 as doubtful that fbm will make a run to 70 amid a muted reaction yesterday.

MarketWrap : fbm being polite to PM Najib ??

Fkli stays close to fbm near 60, ignoring weak externals UNTIL 4.51pm.Then selling emerged and trigger sellstop below 55. Unexpectedly firm/resilient, fbm was relatively quiet, maybe sellers sidelines ahead of budget tomorrow.

Technical weakness continues. Fkli broke 70 support and therefore increases downside risk towards 50 tomorrow if its trades below 60.

Fresh long position entry point is lowered from 70 to 65. And price almost near the weekly bargain lvl of 50. But probably less-risky to bargain next week

FKLI : morning gossip....

DJ -90, after influential analyst Richard X. Bove downgraded his rating on Wells Fargo, sparking a steep selloff in the banking sector. CNN

8.20 : DJ futs -6. Regional -0.5% to -1%. Commodities very strong.

FKli is set to dip below 60 towards 55 in early hours, risk towards 50 is big fbm drifts around 1255. 50 is also a good intra-day bargain lvl. The next question is will there be a rebound in the later stage.

Below 60 a sell mkt.

MarketWrap : no more 1300 outlook..this week

Mkt made sharp pullback on near term longs profit take amid technical weakness. Fbm “unreasonably” strong tone in early hours, actually created more damages thenafter with its 70’s toppish outlook and ended a 6-day-33p winning streak today. Fbm lost 3p in preclosing phase. %-loss in line with regional.

More pullback first, followed by consolidation. For directional play, the wait starts… to re-long again. Below 1260, looks good for trading sell with 1250 as the target this week…about 20p adjustment from the peak of 1273.

FKLI morning gossip.....1265-1270

DJ 50, disappointment about DuPont and Coca-Cola's results, a weaker-than-expected housing market report added to the downward pressure...CNN

8.10 : DJ futs -8. Regional dw -0.5%. Commodities, dollar flat, "quiet"

A pullback mkt today. My prayer did not come true but good to see DJ still above 10k. Fbm is seen taking a lower band of 60-65 range, likely to end its 6-day winning streak but expected to hold above 60 today. Therefore, fkli risk towards 1260 is high if weakness continues on intra-day basis.

Fkli seen near 65 in early trades. Below 70 a sell mkt.

MarketWrap: praying for strong DJ tonight....

Fkli stuck near 1270 but off highs on late profit take as fbm fails to clear 70’s hurdle. Plus, broad mkts, both equity and commodity, head lower after 4pm local time.

Fkli, toppish daily candle. 1270+ scheduled first pit stop? If so, we are looking at 15-20 points pullback first before fresh attempt at 1300. No buying if mkt below 73.5, wait for “genuine” pullback. Above 74, chase!, preferably if fbm is not too far back, as 1300 is back in game.

Time to check near-term long position commitment and trading sell if mkt dips below 1265, targeting a retreat towards 7SMA/pink

FKLI : morning gossip... 1270+-

DJ +96, reclaimed 10,000 on Monday, hitting its highest point in over a year, as a weak dollar, higher commodity prices. CNN

8.20 : DJ futs +30, on after-the-close Apple result. Regional up 1%. Commodities strong. Dollar mixed.

Both seen morning gap-up. Fkli seen hanging around 1270 and is seen aiming for 70-75 range later if fbm moves towards 70, its main objective today. Given fkli preimun to fbm, a sluggish fbm could entice intra-seling to close the gap-up. Watch fbm closely.

FKLI, above 65 is buy mkt.

MarketWrap : bulls getting ready for attack..go go Apple

After initial hours of weakness, most mkts brushed off DJ losses on Fri and rebounded strongly in PM lead by China.

DJ futs and Europe also lend a hand in late Asian hours. Market is counting on Apple to initiate bullish momentum this week.

Fbm/fkli did not come near to major support lvl. Fbm was resilient from get-go, no sellers, kwailow buying while fkli turned intra-day positive after regaining 1260.

The “consensus” or “mentality” now is that we will see 1300 this month, with weakness seen as bargain opportunity So, active sellers are likely to hibernate till then, making upside run easier…. T&C barring any major setbacks.

Selling only for intra-day trading, like below 1260.

A quick glance....fbmklci..winning ratio

FKLI : morning gossip....1255-1260

8.30 am: DJ futs -40. Regional dw 1%. Commodities and dollar mixed.

Fkli is seen defending 50s today but not really an acitd test yet as last week's bullish closing may give mkt a strong cushion. However, 60s looks unlikely at elqst in early trading unless fbm is seen testing 60s.

Below 1260, intra-day sell.

US ecnomic data week ahead.....

So far so good as far as US earnings are concerns....except BoA result that drag DJ below 10k mark on Friday after early upbeat earnings season. More to come this week...see above ( source : CNN)

Economic news ..taking a backseat role.

Tues : Sep housing starts ( at 610k unit year to date )

Wed : FD releases its economy outlook - biege book survey

Thu : weekly jobless claims

MarketWrap : coming coming .....1300

Buying after 4pm push mkt to year-high and setting a technically bullish tone for next week with 1300 a possibility next week. Fbm strong on commodity related stocks, both crude oil and crude palm oil. Fkli saw strong vol in the last 30 mins of trading, probably cut loss buying, pushing mkt above 1260.

With the “seemingly strong desire” to test 1270-1300 band, the mkt is seen well supported above 7SMA if there is any setbacks in the early part of the week. With major target seen at 1300, a brekaout buy above new high remains an option, in case there is no pullback first.

Above 1257.5, very bullish. Trading sell-on-weakness only, below 1257.5.

FKLI : morning gossip..1245-1250

DJ only +47, financials sectors continues to boost plus energy sector.

8.20 : DJ futs +10, NK +38, Kos-2. Commodities very strong on fundamentals. Crude oil marching towards US80, at year high. Dollar mixed.

Intra-day positive when mkt opens higher than yesterday's closing. 1240 support looks safe. Will likely to make attempts at 1250 again.

Unless fbm can regain 1252, fkli run up, if any, is not sustainable today ahead of weekend.

MarketWrap: profit taking.....50:50 tomorrow

Fbm/fkli upbeat tone lasted till 10.00am, it was all the way profit take for the rest of day. Selling more aggressive in the PM where regional also saw gains reduced.

Fkli bounced off it lows after fbm jumped 4p at preclosing phase, from 1242.95 to 1246.86,year best closing!

A drastic ( closing below 1250 ) but still healthy pullback( above 7SMA ) Upside potential remains intact, more likely next week though. It seems a “consolidating Friday” and defensive play tomorrow unless DJ make more than 50 points gains tonight.

Use 1250 as the flat line to decide intra-day signal.

FKLI : morning gossip...1250-1253

DJ +144, above 10k for the first time this year.

8.30 am : DJ futs +10. NK +2%, catching up with regional's yesterday gains. Kos +1%

FKLi is seen near 1250-1253 b4 fbm opens, then making attempts at 1260 if fbm trades above 1250.

A buy from start, coz above 40. Sellers have to wait for intra-day signals.

MarketWrap : breakout finally.....super bullish

Overall bullish equities sentiment today after Intel 3Q results, as CNN put it, “blasts through forecasts” and therefore setting higher expectations for this week’s result. After struggling for 3-day at 1240, fbm/fkli finally made a move, a big one too, re-bullish the mkt tone.

Technically, a new breakout, a new game eyeing 1270 in the coming days. Support is raised to 1240.

The market may seem overstretch on daily basis, therefore trading sell on weakness, especially if there is gap-up or below 1250 tomorrow, targeting 7SMA and cut loss if a new high is hit. But focus remains a long position.

FKLI : morning gossip...1235-1240

DJ -14, bracing for financial sector 3Q earning, starting today.

8.15 : Regional firm on DJ futs, +70. NK flat. Kos +1% Commodities storng on dollar weakness.

Another mixed signal and likely cautious day. For the start, the mkt can count on DJ futs to maintain firm above 30. Any upside is seen limited near 1240.

Fbm must breakout of 1230-1235 to bring life back into the market.

MarketWrap : dangerously toppish

Fkli recorded record low volumes as fbm stubbornness to move discouraged buying despite strong regional. Mkt seemed cautious, waiting for US clues. But, the lack of activity in fbm is mystifying.

A day that has little significant, range bound and no breakthrough. Be patience for a breakout strategy of 30-40 band. Wishing for upper breakout, though

Sentiment is negative if mkts stay below 1240.

Fkli : morning gossip....1240++

DJ +28 on strong commodities price.

8.15 : DJ futs -6. NK +37 Kos -1. Dollar near year lows. Commodities bullish

1230 looks safe from get-go and it seems like another attempt at 1240. But how will it ends ? Maybe better luck today on strong crude palm oil price effect.

Fkli is seen waiting for fbm at 1240. Take a bullish stance if fbm trades above 1236.

MarketWrap : profit take..just missed 1240

Toppish at 1240 but no serious damage.

Fbm’s failure to touch 1240, spark fkli profit take after a 5-day winning streak last week. Not entirely fbm faults though, regional mostly lower in cautious tone too. Fbm slept through the whole PM session while fkli upbeat on Europe's strength.

Despite a lack of “1240 toppings”, Fkli remains a buy bet as it able to defend 1230-1234 support.

Short term bulls should get out if fbm 1230 breaks tomorrow amid the big gap between 1230 and 7SMA. Anticipating a round of profits first before a resumption of up run if pink pink line is breached. Otherwise, be patience , bulls! bears still in hibernation state.

FKLI : morning gossip...1240++

DJ +70 on Friday, ended the week on year highs ahead of 3Q results, beginning this week with some of "THE" financial stocks. ( see Economic data week ahead..)

8.30 DJ futs +30. NK clsed for holiday today. Kos flat. Dollar recovering on tighthening policy talk. Commodity strong.

Fkli is seen attempting 1240-1250 range. It may keep near 1240 first, waiting for fbm's cue to break above 1236 , to justify 1240(FKLI) as an intra-day support.

A buy mkt if mkt stays above 1234.

Economic data week ahead : US focus

Financials in the limelight again as they announce 3Q results. Positive ( sector-wise) to bullish-bias ( Goldman, JPMorgan Chase ) expectations.

Tue : Intel, J&J

Wed : JPMorgan Chase (+0.49 3Q09 vs +0.11 3Q08)

Thu : Citigroup ( -0.21 vs -0.60 ), Goldman ( +4.24), Nokia, Google (+5.37 vs +4.92), IBM

Fri : BoA ( -0.06 vs +0.15), GE

MarketWrap : bullish ends...1270 next week ?

A breakout week, setting a new trend higher towards 1270 in the coming weeks.

Above 1230 fbm is superbull market, encouraging fkli to attack 1240. Next round of fkli surge is expected if it breaks 1240. Otherwise, wait for a pullback towards 7sma/pink line if doing bargain style.

Fkli above 1240 is a breakout buy, especially if fbm above 1230.

FKLI : morning gossip...1230-1235

DJ +60, after a report showed an unexpected drop in jobless claims...CNN

8.30 : DJ futs +5 Regional near +1% gains. Commodity strong as dollar's slip continues. Gold at record high, near $1060. China reopens today.

While DJ posted gains, it was smaller than mkt expectations of at least triple digits gains. So the mkt may just stay near 1230 until SH or HS open. So far 1230-1240 range remains ideal, with expectations for fbm to opens higher b4 any profit take.

Above 1230 is bull mkt. Below it, is weekend profit take activities.

MarketWrap : fbm/fkli year best closing.....more to come

Fbm very strong all-day and finished above 1230 on last–tick-4- point push. Financials stock, like its global counterpart , surged.

Just like a script but definitely better than expected… “A++” performance. Late cut loss buying noted after fbm closing. Fkli did a breakout chart wise, assuming a new upward trend in progress.

Bull main job is to defend any major pullback tomorrow instead of pushing the mkt further as big gains are likely to entice profits ahead of weekend anyway. Above 1240 this week seems overdone for fkli.

Tomorrow, if we r lucky we see 1230-1240 range, with condition fbm above 1230. otherwise, 1225-1235.

Above 1230 is bull mkt.

FKLI : morning gossip....1220-1225

DJ -5.

8.20 : DJ fut +46. Regional mixed. NK -30 Kospi +6. Ringgit firmer, commodities softer

fkli may take Dj futs tone to go north. We will remain a bullish tone today if fbm above 1216 but without fbm > 1220, hardly any fresh intra-day buy signal except bargain, if any.

Above 1220, FKLi is a buy mkt today.

MarketWrap : best closing this year …..1223.5

Both fail to perform “A++”, with fbm < 1220, fkli <1225, but still sailing smoothly along the same, expected flow of up up....a "A " day. Market is “parking” near breakout lvl. Another strong DJ tonight is probably what the mkt needs to tempt more internal, aggressive buying.

Above pink/blue support, bullish. No reason to short yet as risk of a breakout is high. Keen sellers will have to see how the mkt develops first.

We may be looking at a potential new rally, targeting 1270++. ( about the length of the previous rally). This is the first try to break higher again after a 2-week of pullback from a 1160-1230 rally. SMAs are seen bending upwards and should turn bullish right before budget on 23rd.

FKLI : morning gossip....1220++

DJ +131/+1%, gaining for a second straight session as a weaker dollar boosted commodities and dollar-sensitive stocks, fostering a broad-based advance. ...CNN


8.20 : DK futs +10. Regional +1% to +1.5%. Dollar at year lows, gold/ringgit at year high, commodities firmer in early Wed.

With expectation that fbm will return to 1220, fkli is seen at 1220-1225 in early hours. And if there is any dissapointment from fbm department, range is lower to 1215-1220. But for the start high expectations again.

Technical objective for bulls is to see fbm above 1220 and fkli above 1225 on closing basis.

MarketWrap : slowly inching up...

Fkli performs pretty much within expectations, fbm a bit disappointing though, partly because of yesterday’s sudden jump. Fbm failure to catch up with fkli leads to premium-related selling after 4.30 pm. Overall, a quiet day.

Fkli maintains it's flow of positive stance, above yellow-line, but will requires a strong fbm – meaning above 1220 to justify a breakout scenario – 2nd attempts in two weeks. Fbm technically outlook is affected by yesterday’s incident. Hopefully, no big deal as still above yellow-line. Up up the way..........

On the sidelines, very weak dollar across the board since Oct. Outflow of fund to invest outside US or confidence issue with US debt. ? Which one ??? It seems US deficit prblm will remain an issue forever, so lets think positive and opt for the former. Fact: weak dollar is one of the major charateristic in 2Q ( -4%vs RM, -3% vs Yen, -6% vs Euro) where equities prices rally.

FKLI : morning gossip....1215-1220

DJ +100 no reasons just an opportunity to jump back into the market.

8.30 : DJ futs +2. Regional up 0.5%. Ringit very strong, year high again. Gold near record high, the rest mixed.

Given yesterday's "push up" from 1210 to 1216 on KLK price, theory wise, Fbm is expect to return to 1210 if profit take hits klk. But with DJ 1%, can the remaining 29 stocks keep fbm steady and near 1220 in the initial stage. Unlikely in early hours.

While expecting intra-day positive, FKli is too risky to long in early trading givne the above scenario. 1210-1220 first, buy near support first. If breakout later says in PM can do breakout.

FBM..... 1216.45 for real ????

Fbm last data came at 5.05. 02. ???? From day one ( until today), fbm's last data is decided at 4.50.15.

What : fbmkli jumps 6 points from 1210.61 ( 4.50.15) to 1216.45 after 5 pm. ( 5.05.02)
Why : KLK surge almost RM4 from 13.70 to 17.00, +23% on the day

But i do not understand how KLK can trade at 17.00 under Trading-at-last ( TAL ) stage after PRECLOSING stage when the last done price is 13.70. In this case TAL should be 13.70 too. And if so, why is the data is only published at 5.05.02 instead of 5.00.15

Another possibility......at 4.50.15 the reading should be 1216.45 already but Bursa system screw up at publish 1210.61 data. And by 5.05.02 Burse fixed the problem.

Anyone to clarify ?

Market Wrap : ahlong now...

Strong in PM, helped by strong Europe, HS. But most likely kwailow bargain (relative to other Asian bourses) buying set fbm’s pace today. Strong ringgit throughout the day, hit year high around 3.4590. Fkli turnover is among the lightest this year.

Technically, back to positive-bias, above short term SMA. Can expect another attempt to breakout higher.

FKLI : morning gossip...1200-1208

DJ -24, ending the week on negative tone as employment data sucks. This week, no significant data, maybe Thu's weekly jobless claims. Going forward, empoyment data will take a back seat as 3Q result's play will dominate the scene.

8.30 : DJ futs +10. NK -10. Kos -20/-2%. Ringgit strong. Commodities weak, except gold, strong support at $1000.

Another testing day for fbm.fkli amid a lack of +ve external to support Fri's follow through. Will start the day defending 1200 instead of attacking 1210. Will have to wait for HS opens before any big move.

A sell market below 1210, but above 1200 no strong sell signal.

MarketWrap : testing 1200 junction...bulls are in for a ride

Fbm performed better than expected, with fkli tagging along despite weak regional and europe which suffer from DJ's -200 effect.

While still holding above 1200, technical outlook did not improve today. Still very much a trading sell mkt. Real test tomorrow whether 1200 can hold or moving towards the last defence line of 30SMA/green line. Roller coaster ride for bulls in the next few days.

FKLI : back to 1200....damn

DJ -200 on !st day of 4Q after a bigger-than-expected rise in weekly jobless claims and a weaker-than-expected reading on manufacturing ..CNN

8.20 :DJ futs -20. NK -200/-2%

Forget about upisde first, concern is can 1200 hold? I say yes. Maybe fbm can count on followthrough and commodity strength for support above 14SMA. This would help fkli to stay above 1200.

But no position buy signals as mkt is likely to stay in -ve territory even if there is any rebound. Trading sell for a start.

MarketWrap : dark clouds moving away....

Generally, upbeat as fbm headed towards its immediate resistance lvl, 1210. Fkli more upbeat – at least till 4.50 pm. It finished off highs for a lack of fbm’s “ push up” A quiet day.

No cheers for bulls yet. What the mkt needs is another strong opening tomorrow – that could tilt the tide to bulls favor.

As for selling, opt for below blue line/14SMA.

FKLI : morning gossip... 1200-1208

DJ -30.. boring

8.30 : DJ futs +13. Regional mixed, -0.7% Kos marginally higher.

No help form external factors, so negative start with a possible breakdown below 1200. Unlikely to see strong buy signal as the mkt is likely to stay under 1210.

Commodities strong on the first day of Oct, hopefully this would support fbm aobve 1200. Ringgit also strong, sign of foreign buying shares today ?

At a glance : mkts performance in Sep

At a glance.....monthly % chg in 2009

Above : commodities

Above : US & Europe bourses