Monday, November 01, 2010

Fkli wrap... good start in Nov...but retail cautious..



Strong mkt but not much fireworks…all quiet. Fbm sluggish in between opening and closing trades, mostly at lower band b4 the preclosing “Malaysia boleh” push, 2p. Fkli misses the upside potential but takes premium stance amid regional strong gains on China booming manufacturing data. Europe strong start in Now, +1%. DJ futs +70, extends early gains.


Establishing a trend targeting the upper band of 1500-50 range. Bullish if above 1510 and more upside towards 1520 first before some kind of mild pullback. To record high ? …maybe not this week … as fbm seems “slow climb”

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