FCPO wrap....bull gain upper edge..on tech outlook

Fcpo very strong Fri on tech buying and feel good factor amid bullish equities tone. CO rose almost 5% in past 2 days on oil spills in Gulf of Mexico but SO very “reluctant” this whole week. Fcpo ahead of SO this week in big way too after Fri. Discount to soyoil at its narrowest this year yet.

While short of any trend, above 2550 is tech bullish, seen eyeing 2550-2600. Above 2520 is upward-bias. Generally, still waiting for a new trend instead of 2450-2550 or 2500-2600 consolidating range.

FKLi wrap...catching up with Fbm's new year's high tone

Fbm really did fkli bulls proud today. Tech +ve crossing and strong follow through in PM, hitting fresh year high. Regional also strong on DJ/Europe overnight gains. Financials and energy stocks strong.

Fbm saw strong momentum above 40, dragging a reluctant fkli along. Fbm +10p for the week.

Mkt is back to recent highs again, so another attempt to breakout of 50 is expected. If so, mkt is likely to make a fresh trend, after pausing for a month, towards 1370 first . Maybe 1330-1400 range in coming weeks. But first must cross above 50 and chances are good. Fbm must get further boost from 1Q earnings report. Uptrend if above 31SMA ( green line)

Morning start ..fkli strong 35-40 fcpo firm 2530-2540

DJ +122, as investors reacted to a rise in Exxon Mobil earnings and brushed off concerns about European debt problems. Europe +1% after a 2-day losing streak.

8.15 DJ futs -14. Regional +1%. Commodity mostly higher on CO +2% lead. GOLD stagnant after hitting year high on Europe's debt pblm.

fkli : another boost for follow through today to park near 40 resistance, if fbm does not dissapoint again. Above 35, is a buy mkt.

fcpo : SO +0.2%. Fcpo is probably stuck within the same range as Thu but with more upward bais tone or even retest 2550. Above 2520 is buy mkt.

Fcpo wrap...bulls still hanging on....

Fcpo remained pressure by soyoil losses despite tech +ves since earlier part of the week. Still showing sign of light bargain at immediate support lvl. Good two way fight. But where to find upside momentum ? unless SO ends its 3-day losing streak.

No clear trend yet but below 2550 is dwward bias.

Fkli wrap....firmer but very cautious...

Fbm very steady today on DJ gains, while regional moved in and out flat line and finished mixed following Europe 2-day losses.

Europe provided some relief for mkt bulls with a +0.5% rebound in early Thu trades. Fkli managed to secure 30 support from start, without much trouble, but at the same time lacking upside momentum…mostly 33++, especially in PM

With today, fkli manages to reduce some of Wed’s negative-ness but trend remains dwward-bias if below 1340. But attempt is seen to break this resistance lvl,

Morning start..fkli firm 30-35 fcpo soft 2520-40

DJ +53. after the Federal Reserve said that economic activity is picking up, and that it will hold a key short-term interest rate steady for an extended period of time,that offset Europe -1% actions.


8.10 : DJ futs +7. Regional flat, weighing between DJ gains and Europe losses. NK clsd for holidays. Commodity mostly higher, recouping "overdone" losees. CO +2%. GOLD flat.

fkli : it looks like a firm tone, 30-35 again with intra-day buy start. mkt is unlikely to make neww moves, trap within yest's range, tryign to hold above 30.

fcpo : SO -1%. Another test for fcpo bulls after holding well near 2550s for the past 2-day amid weaker external. While dwward-bias seen, losses are likely to lmited near the mid range of 2500-2550.

Fcpo wrap....still +ve bias...no effect today

Surprisingly quiet, calm, resilient, probably sitting at sidelines watching the rout in equity or still hangover from yesterday’s roller coaster ride. However –ve tone for commodity mkt on fears that Europe’s mess would put a brake on economic recovery and therefore cut demand for commodity. SO and FCPO shed 1%. CO very sh$$%y

No harm done to fcpo tech outlook today, exactly the same as yesterday. Upward-bias for > SMAs and new fresh buy if above 50. But looks like 30-80 play for the remaining week.

Fkli wrap...danger of seeing 1300....

Everywhere is red today except GOLD as the Greece crisis took to a new height after S&P dwgraded its bond rating to junk status....yield 20%! crazy! Regional -2% except SH, marginally lower. HS/NK -300.

Fbm/fkli saw big selling in the first hour, followed by a quick rebound back to 30 from lows 20, and stayed intra-buy, 30-35 for most of the day. However, selling in fkli reemerged after Europe extends losses in early trading by another 1%, dragging Dj futs along from +20 to -20. Fbm did not respond.

Technically, a sell bias but not too sure of a short term dw trend yet. Maybe so if mkt stays soft tomorrow, then a new 1300-1330 trading range in the coming days. At mom, Fbm tech outlook is not all that bad, still above 31 SMA or 1330.

Morning start fkli bearish 30-35 fcpo weak 2520-30

DJ -200 after Standard & Poors cut Greece's debt rating to junk and lowered Portugal's debt rating, raising fears that a euro zone debt crisis could slow the global economic recovery. Europe -3%

8.20 : DJ futs +10. Regional slump more than 2 %. NK -300/-2.6% Kos -2%. Commodity taking hit too, 1% to 2%.

fkli : another big stumbling block, really a defensive play. Support seen at 28 but will likely to remain -ve for the day for position trades. Intra-day bargain buy only.

fcpo : SO -1%. maybe more resilient than equity but -ve bias if < 2550., targeting 2500 again. Upside remotely possible.

FCPo wrap....roller coaster ride but back to square one

Quiet AM but crazy PM. Prices shot up almost RM30 probably on tech buying after a cross above 50 again in the PM. Steady for 2 hours near 60-70 at the high b4 late selling pull it back almost RM30 and hit new intra low.

Selling was probably based on premium valuation with SO, which was at the low end of $70 per tonne , the "premium-est" in more than a year and a significant drop in CO in late Asian hours.

Whiel still at the mid range and failing to improve furtehr today, technically still +ve, if > 2520. A cross above 2560, again, is considered bullish.

Fkli wrap..still no 40 yet.....back to square one

mkt staying at support lvl in a day of external -ves, discouraging fbm's follow through. Like yest's fbm push back higher in late trading and today's 40 was also a one off thing. Regional weak after strong Mon as a lack of DJ gains, pressured commodity and property stocks, yest's winners.

fkli, defensive play at immediate support lvl, with a test at 40 every now and then. But fbm 40-toppish remains a drag. Above 37, is +ve but needs to crash above 42 to call it a bull mkt. Below 37, means 30-37 range.

Morning start...fkli flat40-43 fcpo steady 2540-2560

DJ +1, cautious start for the week, highs on earnings but off high on financials with the Fed indicating a move toward withdrawing some of the support for big banks it put in place during the height of the financial crisis and ahead of Goldman senate hearing Tues. But, Europe +0.5%.

8.15 : DJ futs +3. Regional near -0.3%. Commodity flat to softer tone. CO -1%. GOLD unchged, at 1-week high.

Fkli : probably back to yest's range, 40-45 as fbm is likley to struggle again at 40. Maybe, Europe's gains could limit the dwside but upside unlikely till regional performs. Above 40, intra-day buy. otherwise dwside risk within 36-40 range.

fcpo : SO -0.5%, impacted by CO -1%. Will marginally affect follow through activities but dwside seen limited too. 2540-2560. Above 2540 is a buy mkt.

FCPO wrap...aiming for upper band of 2500-2600

3 days of strong gains and this could be the ONE, the next big trend. Strong SO helped follow through with tech buying along the way...especially above 50. Significantly, mkt is above all short term SMAs for the first time since a breakdw from 2600 lvl.

With 2500 tested, the mkt is seen testing 2600, 1-month high lvl. Above 2550, is bullish.

Fkli wrap...should be higher but not too bad either

Fbm hit 40 twice today – near opening and preclosing settlement. All day long , sluggish near 37-38 despite strong +ve externals, 1% to 2% and stronger RM. Underperformed but one step closer of making the next rally, probably in May. Fbm components looks dead without EPF buying… no market makers.

Fkli saw selling after an upbeat start amid fbm’s toppish outlook and stayed cautious all day. But returned to its AM’s high in late trading after 4.50 pm.

Technically, one small step towards the upper band, and hopefully a breakout, 1350-1400, instead of 1530-1550 tiring, uninspiring range.

Morning start..fkli strong 42-47, fcpo firm 2530-2550

DJ +69 on 8 weeks wining streak as strong earnings offset fears of Europe default fears. This week major events are Fed 2-day meeting, result and statement on economy latest on Wed adn 1QGDP readings on Fri. Europe +1% last Fri.

8.30 DJ futs -1 Regional storng, Kops +1% NK 180/+1.7%. Commodity mostly higher. CO +1.7%. GOd +0.5%.

fkli : good chance to re-test 50 once fbm cross above 40 mark. trading range is seen at 42-50. Fbm is expected to reach and steady above 40.

fcpo : SO +0.1%. follow through will hold the mkt within 2530-2550 . Fresh tech buying is seen if Jul09 breaks 2550. Above 30 is +ve bias.

Fcpo wrap...dwtrend came to a halt...sideways again

After 4 day of trading at bears’ range, mkt rebounded sharply Fri on the back of SO 1% gains. Upside was pushed further by tech buying above 2500. With this, the mkt is back to its 6-week range, putting the expected 2400 target at backseat.

But still do early to assume a fresh uptrend till the mkt as least regains 2550 if not 2600. Otherwise, another #$%^ sideways scenario….

Above 2520 is a buy mkt.

Fkli wrap...bulls plan still intact...good chance

Bloody quiet, especially afternoon. Outperformed the regional, mostly -0.5% to -1% on late buying, following Europe performance, +0.6% and DJ futs reversing some losses , from -30 to -4. both mkt is still fighting against 40-great wall of Malaysia”

Mkt ends the week on strong note despite Mon’d sharp drop. Fkli is back near 40s lvl, wanting to take the mkt to new higher lvl IF fbm permits –meaning a convincing cross above 40.., as this would the signal the beginning for next rally, 1350-1400.

Morning start.... fkli steady 40+-, fcpo firm 2480-90

DJ +9, recovered from low, with commodity and financial shares erasing losses after concerns were reignited Thursday after an EU report suggested that Greece's 2009 deficit was bigger than the government reported...CNN. But Europe dw -1%.

8.20 : DJ futs -9. Regional softer tone. NK -50/-0.5%. Kos -0.2%. Commodity looks quiet and mixed. CO +0.5% GOLD -1%.

fkli : for a lack of DJ gains, fkli is seen in and out of 40 first, waiting to see if fbm will make a move to break 40. As long as fbm > 35, fkli likely to maintain it premium, near 38.

fcpo :SO -0.2%. fcpo is pegged at 2480-2500. Upside potential is raised to 2515 if >2490. Below 2480 is intra day sell tone.

Fcpo wrap...not leg down.. 4 days of identical range

One day up one day down. Not so much this week after Mon’s big drop. Price ranging within 2450-2500. Activities tend to occur in PM, late PM only.

While dw trend, mkt fail to create fresh leg down yet…with 2500 still work as a strong magnet. Above 2470, is "recovery" mode or upside bias.

Fkli wrap...ready to fly....again! ..pls EPF..let it fly!!

Late buying pushed mkt higher, impressed with DJ reversal, from -20 to +10 and Europe slow climb but +0.5%. Regional -1%.

After a weaker start, fkli recovered 40 in great style, when you least expected it Cant really say the same for fbm...stagnant, coma, dead, near 43-44 b4 a 3p jump in the perclosing stage.

Fkli is ready for 40-50 +ve range trading….as a springboard for the next rally. Strong gains seen if fbm crosses above 40. Otherwise, fkli may have trouble 40 as support….again! Hopefully fbm can find a cure for its 40-jinx soon.

Morning gossip...fkli weak 30+, fcpo weak 2450-2470

DJ almost flat yest. DJ +7. as differing profit reports from Apple and Yahoo weighed on the tech sector Europe -1%

8.20 : DJ -19. Regional taking cur form Europe. NK -170/1.5% . Kos -0.7%. Commodirt weaker tone. GOLD flat. CO -1%.

fkli : pressure from regional seen. fkli seen at 30-35 and could dip to 25-30 range if fbm breaks 30.

fcpo : SO -0.6%. what looks like a weak commodity day., fcpo is danger of anothr leg down if below 70. But first 2450-2470 -ve bias range with the current SO rate.

FCPO wrap....more comfortable for bears...

Firm start on tech follow through, weak finishing for catching “down” with SO. Activities remain within Tue’s ranges.

Bears can take relief as 2500 remains as resistance, with the help from SO -0.5% performance all day long. Fcpo saw selling in PM after ONE attempt at 2500 at 3.51 pm failed.

Locking in 2450-2500, hopefully to see fresh range of 2400-2450 following the recent dwtrend move. Below 2500 is a bear mkt.

Fkli wrap....taking breather..profit take instead

After a strong bound yesterday, mkt turned sluggish today and extended losses in PM after 40-toppish outlook. Fbm failed to make it above 40 when regional was strong, dragging fkli dw in PM. Fkli was thinly traded. Fbm took further 2p dips in preclosing stage to finish at teh day's low.

Technically, both found the 40-jinx again, just like last week. 40-50 remains elusive, engaging the mkt in a sideways tone. But still upward bias, >30.

Morning start....fkli strong 40+ fcpo 2470-80

DJ +25 , A surge in energy prices and better-than-expected profit reports from Goldman Sachs and others helped stocks ..CNN. Europe strong, +1%

8.20 DJ futs +1. Regional +1%. Commodity mixed to strong. CO +2% Gold +0.5%

fkli : Mon's sell signal well a be a false one in mkts regains 40s mark, with focus turning to breaking this mth resistance lvl..near 50. mkt seen steady within 37-40 first but very likely taking 40-45 range.

fcpo : SO is trading -0.7%. This would hamper followthrough activities and put fcpo back to 2470-2480. Therefore, probably a range play within 2450-2500

Fpco wrap...strong bounce also...but still downtrend

With SO leading a hand, fcpo managed to reverse some of Mon’s losses, revisited 2500 resistance on late buying activities. While short of a new fresh leg dw, the mkt remains bearish till it can regain 2500-2510 resistance lvl.

Immediate support is raised to 70 from 50. Above 90, is intra-day buy tomorrow.

FKli wrap...veery strong bounce..back to square one

Instead of follow through sell, mkt did a strong reversal, totally erased Mon’s losses. A strong day for equities, regional+1%, Europe +0.5%. Mkt rebounded sooner, bigger than expected after DJ posted gains on Mon.

Fbm was mostly at 1333 b4 a 2p reclosing push while fkli stuck in +ve range of 30-35 b4 reaching for new high after fbm closing. Both quiet.

While still sideways, bulls prevented a fresh leg down and keeping the mkt in a neutral range. Instead of fresh bear trend, the mkt is back to “tug of war” range..last week range.

Above 40 would put bulls in better position again. Immediate support is raised to 30 from 25.

Morning start...fkli firm 1326++ fcpo firm 2470++

DJ +70 , seesawed through the afternoon as enthusiasm about Citigroup's strong profit report vied with the fallout from Goldman Sachs. Europe -0.3%.

8.20 : Dj ftus Regional +0.5%. Commodity quiet, flat, recovery tone. CO +1% GOLD unchanged.


fkli : a lifeline for bull. expect cautious tone to prevail but taking the upper range of 20-30. fkli is starting near 26, taking 24-31 intra day +ve range.

fcpo. SO flat, unchanged. Jul10 is seen taking 2450-2500 with downward bias tone if < 2470, with risk of another leg dw if 2455 fails to hold.

Fcpo wrap...fresh bear trend emerges...

After 24-day, the FCPO say goodbye to range bound play and initiated a fresh dw trend targeting 2400. Commodity suffered big losses today, led by CO -4% followed by SO -2%.

Goldman Sach's fraud charge, one of the largest commodity brokers and China's cooling measures hit commodity mkts.

Technically, under 2500 is bearish, with immediate dwside targeeting 2400. Trading range is lowered from 2500-2600 to 2400-2500.

Fkli wrap...potentially moving towards 1300...

Another big red day. Regional tumbled 2% to 5% on GOLDMAN SACHS. HS ( -2%) and SH (-5%) took further hit on property stocks. Fbm.fki selling was limited to AM session but steady in PM with regional extending losses. Europe small losses also helped, -0.4%. Dj futs within -30 to -40 today.

Technically, not good for bulls….a breach from recent uptrend tone, heading for sideways if not short term dw-trend. Trading sell game range of 1300-1335. For position, buy on strength, like above 30. Immediate resistance is lowered to 25.