Fcpo wrap.. steady but fail to cross back above 2600

Fcpo seems influnce by yest’s –ve energy, hardly take notice of soyoil gains. Maybe a lack of interest ahead mth end or cautious over weak export estimates. Overall, quiet, tight range. This mth, Fcpo up 6%

breakout strategy away from 2580-2600 range on Monday. In the meantime, downward-bias mkt.

Fkli wrap... late setback for fkli on fbm selling

-crazy fbm. Very strong all day long, on few particular stocks namely AXIATA, plantations, providing few good factor for the mkt..like what CIMB did yesterday. Then fbm plunge 6point in the preclosing stage..wtf!!! on selling in SIME, YTL, RHB cap etc..

-by then, FEB already expired near 1276. But Mar got hit badly, making a move from 70 to daily low of 65. MAr10 traded mostly near 68-70 lvl.

-a setback for bulls towards the end, but can take consoldation that fbm finishes above 1270, still. Unless big -ve external factor, the mkt is likely to pick up some losses on Monday and continues it upward move. However, new bulls should only get it if fbm breaks above 1273++ or take a buy stance if MAR10 is above 1265.

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Morning gossip...fkli strong fcpo strong

DJ +90/+1% as Federal Reserve Chairman Ben Bernanke again pledged to keep interest rates low for the foreseeable future, reassuring investors worried about the outlook. Europe up +0.5%

8.15 : DJ futs -5. Regional up +0.5%. Dollar lower on Fed pledge to keep R% low. Therefore, commodities jump

Fkli : can both fbm.fkli finish above 1270 in Feb? with encouraging exernal today, the only concern is profit take. Hopefully not. Looking at 66-73 range, with upward-bias tone. Feb seen starting within 70-75 range.

Fcpo : SO near 2%, recover yest losses and posting mild gains. The fate of commodity also in the hand of Feb so far this year. May is back to 2620++ for start, up about RM30 to RM40 with the current soyoil lvl. However, its unlikley to breakaway from the recent resistance. Just neutralising yest -ve.

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Fcpo wrap...below 2600 on technical selling

-despite holding well in AM session, selling pressure pile up in PM as soyoil extends its losses from 1% to 1.5%. With upside limited, players were also concern over 1-25th export estimates. -

-Technical selling push benchmark May10 below 2600 in the last 20mins of trading, exaggerated by thin vol.

-technically, a sell-bias mkt as long as May10 stays under 2620+. but losses are seen limited within short-term SMAs lvls as fpco is seen more likely to consolidate than a downtrend mkt.

Fkli wrap....solid thanks to CIMB

Fbm take out 1270 resistance when u least expect. Financials stock up on feel good factor from CIMB. Regional mostly lower, except SH. DJ futs and Europe flat.

-despitee early cautiouness, fkli eventually reaches 1270 after fbm sustains above 1270 for a long time despite profit taking activities. Sharply higher from it early trading lvl on DJ overnight losses. fkli see support at 1270, thanks to short-roll activities, just like yesterday. Kwailow more incline to hold short postion.

-technically, still making attempt to reversal short-term trend to bullish. Breaking free from 1270! Immediate support is raised to 60 from 50.

Morning gossip...fkli soft fcpo soft

DJ -100/-1% after a key measure of consumer confidence plunged, reflecting investors' growing pessimism about the strength of the economic recovery. Europe -1%.

8.15 : DJ futs -14. NK -1.7% Kos -1% Commodities -1%

Fkli - instead of follow through, a retreat pressure will start off the mkt on US worse-than-expected closing level. Feb10 seen stuck at the lower range of 60-65 again.

Fcpo - SO -1% May10 is seen extending dwside towards 2600 support form 2620. 2600 is likely to hold as supprot today. 2600-2640 range for a start.

Fcpo wrap...fail to clear 2650..small dent

-fcpo taking chance at 1-mth high in early PM session but retreats on profit take selling. Maybe the surge was too fast, RM30 move in the first 30 mins of PM trading, and soyoil failing to catch up.

-May10 mostly at 2630-2640 comfort range. Trading vol up slightly from the previous day.

-support is raised to 2600-2620 ranges. A break above 2650 iagain s considered strong buy signal.

Fkli wrap...ready to fly? ..1270-1300 ?

-fkli hit day’s high in perclosing-phase, 1270 up 1.5p from last done price, as players takes premium stance first anticipating stronger DJ tonight

-recover from early losses but finding the same resistance lvl. Fkli more upbeat than fbm thanks to HS performance.( -250 to +250 in AM session) Later, Europe start on +ve tone, +0.5%. DJ futs +30. Fbm did not move much, steady near the recent upper range, just waiting for better incentives to cross 1270.

-rolls take centre stage today , providing 80% of mkt total vol.

-chart remains +ve-bias and the Q remains the same, can mkts cross above 1270 for a fresh run up in the coming days or in early Mar.

Morning gossip...fkli firm fcpo firm

DJ -18. Europe ends winning streak, dw -0.5%.

8.30 : DJ futs +1. Regional flat to -0.5% lower. commodities weaker tone, -0.5%.

Fkli - seen stuck within 60-70 range. do not expect much move today, firm above 7SMA.

Fcpo - probably same range as yesterday 2600-2640. Aboev 2600 is upward-bias mkt. SO -0.3%

Fcpo wrap...back above 2600 but slow...

-Is fkli snatching fcpo players ? Vol very thin.

-fcpo reverse a 2-day pullback with the help of external factors. Internally, mkt does not seem to care much for most of the day. Maybe players were disappointed with weak export estimates( -8% for 1-25th feb) Mkt saw light buying interest again after 5.30 pm to push it back above 2630.

-May10 is back to its recent highs and looks good for a move towards 2700 or even 2800. the current momentum is supported above 7SMA. So, stay bullish with this premise.

Fkli wrap...crazy for 10mins, dull for the rest of the day

-60-64 and 70-88 ranges are “ghost” range, not really traded on continuous basis but rather a one off thing. Orders believed to be stop were triggered above 60, shooting to 1288 high mins after opening. Thereafter, stagnant within 65-70. Earlier, Fkli opened higher to narrow gap near 58++ after a calmer DJ's reaction over Fed’s move unlikely its Asian counterparts on Fri.

-overall strong tone today on stronger commodities prices. CO +3%

-reaching 1270 resistance, a breakout above this lvl could propel mkt towards 1300 in the near term. While no bullish yet, the mkt is set to trade with upward-bias tone

Morning gossip...fkli firm fcpo firm

Last Friday : DJ +9. Europe up half percentage point. Unlike Asian, muted reaction on Fed's actions. This week data : focus on new home sales Wed and existing home sales Fri.

8.10 : Dj futs +20. Regional up almost 2%, recouping Fri's losses. NK +234. Commodities up +1% to 2%.


Fkli is seen narrowing its dis over fbm, staying firm within 53-57. Strogn upside depends on whether fbm can break above 60 resistance.

Fcpo- +ve commodity tone is likely to push Fcpo back above 2600 after 2-day of rebound. SO +1%. May10 is seen stuck at the recent upper range of 2600-2630 with the current SO lvl.

Fcpo wrap...consolidation mode going forward

-fcpo made attempt to the upside in late PM trading after stagnating for a long time that found support at 2580 . May10 revisit 2600 after 5pm probably on intra-day players but gains were shortlived as soyoil maintains -1% losses.

-after 2-day of pullback, the current uptrend momentum came to an end, shifting to pullback mode first before making the next uptrend move again – if can break above
2630. Downward risk is 2500-2550 band the lower band of the expected consolidatidative phase.

Fkli wrap...small wound only...fbm steady

-engaging –ve tone on Fed-hike but fbm very resilient all day long on GLCs. Fkli also off lows after 4.30 pm as European mkts have “calmer” reaction. HS clsd near the day lows, -520 almost -3%. However , both European and DJ futs off lows in late Asian hours. Europe flat from -1% DJ futs -50 from -90.

-fkli feb10 recapture 1250 support on discount play after fbm closing. It survives 7SMA support, avoiding strong technical sell signal for another day. Still, negative-bias till it crosses above the dwtrend line or 1260 stop.

Morning gossip...fkli firm fcpo weak

Overnight : DJ +80 ending higher for the third-straight session, as investors continued to dig back in after a month long retreat that left the Dow and other major indexes at three-month lows...CNN .Europe near +1%, 4-day winning streak.

This morning at 8.20 : However, DJ futs giving up gains, -70, reacting to Federal Reserve raising the discount rate , the emergency rate it charges banks seeking loans, by a quarter-percentage point, to 0.75% after the close. The Fed said the move reflects improvements in the economy.

Regional softer tone, near -0.2%. Comoodities mixed. Gold recovering after early selling on IMF move to sell its gold. CO up +2%.

Fkli - Dj futures knee jerk reaction ? Ignoring Fed statement that eco is improving!!Nevertheless with the offsetting effect, fkli is seen stuck again but expected to take on a firmer tone but no 1260 shows, 50-58 range.

Fcpo - SO trading -1% currently, extending its pullback mode to 2-day. time for Fcpo to close 2580-2600 gap and re-test 7SMA support. Downside risk mkt today, towards 2550++ if 2580 breaks.

Fcpo wrap....at low amid pre-closing phase selling..

-near record low vol .Seriously, never seen fcpo so stagnant before, especially in the PM session, just like RM5 range, hovering near 2510++. May10 finished at low amid selling in pre-closing causing a RM9 pullback.

- Softer tone, amid SO -1%, on light profit take but “sense” of recent strong run still keeping sellers at the sidelines. May10 did not come close to major support/resistance lvl –therefore boring within 2600-2630.

-above 7SMA is bullish but cautious as mkt is due for a pullback towards 2550++ after a run of almost RM250. Below 2630, negative-bias amid a lack of fresh +ve technical incentives.

Fkli wrap...profit taking day..no big damage yet

AM all quiet, weak externals in PM but fbm resilient, not wanting to give up 60 yet despite profit take pressure after 4-day of 25p gains. Fkli of course played cautious and steady near 50++ at a wide discount b4 a pre-closing phase push of 2p. Quiet day, thin vol, near record low this year.

-HS flat in AM, weaker in PM, -110. DJ futs also minus -30. While Europe marginally lower., -0.1%

-no more steep uptrend momentum but not yet a sell mkt, just shifting to consolidation phase ( horizontal lines range) – trading within a cluster of SMAs while anticipating the next big move. A strong sell if and only if 7SMA breaks. Position-buy lvl is lowered to 1258 stop.

Morning gossip..fkli firm fcpo soft

DJ +40 as investors considered a better-than-expected housing report, a mixed forecast from the Federal Reserve and some upbeat company news. ..CNN .Europe near +1%, 3-day winning streak.

8.15 : DJ futs -2 Regional flat, +0.1%. Commodities taking a breather after strong gians yesterday, -0.5%. Gold flat. CO -0.5%

Fkli- another attempt at 60 resistance ? 55-67 range but cautious the upside on profit take unless fbm re-visit 60 and stready within 60-65 range. feb is seen staying near 58-61 first.

Fcpo - SO -0.5% .May probably takign the same range of 2580-2630 but this time near 2600. Fresh buy signal is when May breaks 2630 resistance.

Fcpo wrap...another bullish performance

-Strong run continues as bullish externals after the long weekend supersede profit take activities . Benchmark, May10, trend above 2600 for the first time since Jan 8. .

-with the mkt above the uptrend line and 7SMA, bullish tone prevails. Immediate support is raised to 2600.

Fkli wrap...strong but off highs on profit take

Strong from onset on regional gains but profit-take at closing stage. Quiet, thin vol but roaring start taking from overnight DJ, then HS +260, Europe +0.5% and DJ +30 gains. Fbm dips below 1260 at pre-closing phase, causing late selling activities in Fkli.

Fbm.fkli maintain its steep climb since hitting the low of 1220++, closing a 2 week gap. While halting at 1260 today, a good chance for a shot at mini-top resistance near 1270, the upper red-horizontal line. A trade above 1260 is considered fresh bullish signal as this would put the mkt back above 100SMA since Feb 4

As long as the mkt stays above 1250, +ve tone prevails and if above the steep uptrend line, mkt is bullish. Support is raised to 1250 from 1240++.

Morning gossip..fkli strong fcpo strong

DJ +170 as better-than-expected quarterly results from Merck and Barclays reassured investors, and the weaker dollar boosted commodity prices and shares...CNN.

During CNY : Net over holiday is DJ +125 and Europe +2%. Commodities strong, Gold +2% CO +4%.

DJ futs +7. Regional up +1%. NK +130 after a -70 drop Monday.

Fkli : strong bullish external factor, time to rebound after pre-CNY selling that caused a big discount to fbm. Seen near 1250++ for start, with upside potential towards at 57. Immediate support is raised to 44.5 or 50.

Fcpo : is seen attacking 2600 again. SO +2%. A break above 2600 is considered bullish. May10 is likely to trade within 2580-2630 range.

Fcpo wrap...strong late bounce..keeping +ve tone

-strong recovery after a poor start on weaker soyoil. Price mostly stready near 2560++ before a surge of buying interest appear in the last 5 mins of trading phase.

-this week, +RM60 stuck within 2550-2600 after a gap up (2523-2542) on Mon. Awaits the next direction.

-technically, +ve , as manage to secure above the uptrend support line but it requires immediate follow through to re-start the current uptrend move. Otherwise the mkt will shift into a consolidation phase of 2500-2600. .Immediate support remains at 2550.

Fkli wrap..profit take selling ahead of holiday..wide discount

-holiday mood, very ligh vol. Despite positive external, fkli remains weak today for a lack of buyer due to long holidays. Profit take pressure in late trading. Wide discount, will catch up with fbm after CNY. Fbm firm above 1250 today and up 5 point on weekly basis

-technically, a mild setback today but not major negative event, still at positive territory, above 7SMA. Next strong buy signal is when fkli crosses above 1252. Immediate support is raised to 1240. Below, back to trading sell but within a consolidation phase.

Morning gossip...fkli strong fcpo weak

DJ +105, after the European Union's promise to help debt-ridden Greece eased worries that a default might hurt global markets..CNN. Europe mixed, flat.

8.20 : DJ futs +5. Regional quiet, except NK+100, catching up after closing for holiday yesterday. Commodties strong, Gold +2%, CO +1%

Fkli - firm 44-57 range, seen stuck within 50-53 first due to it premium b4 fbm opens. Upside potential seen at 57 only if fbm breaks 53. Firm tone if fbm above 47.

Fcpo - soyoil lower, retreats after 4-day of gains. -1%. therefore, no breakout scenario and FCPO Apr is likely to stuck within 2550-2600 again but this time at the lower band. Opening about RM10 lower.

Fcpo wrap....breakout but lack shine on profit take

- a breakout but not much steam, tracking a 1% strong run in the commodities. Internally, still cautious, especially this week, a lot of profit taking activities at the higher end. The mkt stays within an uptrend trajectory but individually, mostly black candle this week. .

-Apr10, the outgoing benchmark, came near to 2600 before profit take set in thereafter. Still. very much a buy mkt but after today it needsto take out 2600 first before fresh buying interest appears. otherwise, the mkt is due for a pullback towards 2500. The mkt is on a 8-day-RM135 wining streak.

-immediate suport is raised to 2570 from 2550. Above 2570 is buy mkt..maybe 2570-2600 range play tomorrow b4 CNY.

Fkli wrap....end of dwtrend ? now attacking SMAs ..

-while a bit slow and cautious in early trade, fbm.fkli catches up after 4 pm on Europe gains of 1%. Earlier, regional maintained a strong tone. HS/Kos near +2%.

-fkli was thinly traded, extending its bounce….only to stop at critical resistance lvl. Discount to fbm till preclosing stage. fkli jumped 3p during the final stage to finish at the high of 1252.

-Technically, the first bullish sign – above 7SMA since the selldown from 1310. While the battle is not over yet, a chance of a follow through tomorrow should tickle bears’ nerve. Looks like gap-closing event first.

Morning gossip...fkli strong fcpo strong

DJ -20 on Fed chairman Ben Bernanke's plan for eventually withdrawing some of the trillions of dollars used to bolster the nation's financial system.Europe +0.5%

8.05 : DJ futs +12. Regional firm start, near +0.5%. Commodities extend gains, +1%. CO +1.5%. Gold +0.5%.

Fkli - first stuck near 40-45, can reach for 50 if fbm breaks 48. Support seen at 40.

Fcpo-external factors strong. SO +1%. Fcpo is on track for 8-day winning streak. looking at 2550-2600 again.

Fcpo wrap...another meaningless day...

-fcpo like Mon and Tues, very tight range, looks toppish at 2570 but yet not much downside, support at 2450. Almost like no trading so far this week.

-today, positive MPOB data offset soyoil weaker tone in the afternoon…both almost flat from the previous day. FCPO manage to keep it at the top end today on late buying activities, believed short covering and not mkt moving news

-engage breakout strategy , 2550-2570. Likely to be 2570 breakout.

Fkli wrap..strong bounce...aiming to close 51-60 gap?

-4-day losing streak ends and strong bounce too, especially fbm. Both fbm.fkli recover 1/3 of losses. Fkli stays cautious all day....playing catching up with fbm.

-more upside as bulls are ready to fight off with bears at major resistance that would dictate mkt next moves afer CNY. It looks like a 40-60 trading range in the coming days. Immediate support is raised to 33 from 27. Above this lvl, bulls taking charge even though still a dwtrend mkt, indicates by the dwtrend line or 7SMA ( pink )