Fcpo wrap...selling at tech resistance lvl

SO gains preventing fresh downfall but upside faces strong tech resistance. Fcpo ends in -ve territory after a strong start. But, a retreating SO, off high, sparks selling in PM session.

Technically, -ve if under 3550 or 3500. Therefore 3400 support remains bears immediate target. Bulls need to push it back to sideways band of 3500-3700 next week.

Or fresh breakdw, under 3400. would lower fcpo trading range to 3250-3450 in early March

Fkli wrap...off lows but bearish stays ...

Fbm early selloff casts dark all day long. Fbm hit low in early 15 mins of trading on selling in CIMB after annoucing lower dividend

Prices bounce off lows, thereafter, on the back of stroger regional tone, HS +330. But recent big drop still haunts retail players. Mar11 takes big discount tone.

Above 1480 is +ve, aiming for more recovery, 1480-1500 range play. A breach of 1480 support tomorrow could lead to fresh trading range of 1450-1500 in early March.

Below 7SMA is bear market

Morning start...fkli soft 1486-90 fcpo strong 3580-3600

DJ +60, Eruope +1% clsing Fri fail to inspire Asian today as inflation fears dominate.

8.40 : DJ futs -30. Regional -0.5%. Commodity strong. GOLD +1%. CO +2%

FKLI
- 1480-1500 range again with dwward bias amid external weakness. Risk of a breakdw under 80 if fbm trades under 1490 today. But 1480 looks like a good support today.

FCPO
-SO +3%, a big relief for mkt bulls. First attempt to cross back above 7SMA. resistance. Knee jerk buy if >3600, targeting 3620-40. Bullish if above 3550

Fcpo wrap.....likely to test 7SMA resistance again

-rebound in AM, more short covering in PM after crossing 3500 resistance. A cautious start but eventually catching up with SO +1%.


-bearish if under 7SMA, 3450 is the next major support. A breach would likely send mkt towards 3250 next week. To the upside, trading buy if >3550, targeting 3550-3700 consolidation range

Fkli wrap....bulls standing on shaky ground

-strong externals fail to inspire fbm, still wounding from Thus’s selloff. HS +400, Europe +0.5%, DJ futs +40.

-Buying interest in Mar10 contract remains weak. Plus, Feb’s roll activites seem very lopsided….mostly short rolls. Kwailows turn bearish and/or bulls let Feb10 contract to expire.

-today’s bounce is meaningless for bulls as mkt remains under 1500. With fbm at lows, mkt is vulnerable to another selloff next week, if 1480 support fails, confirming 1450-1500 range play. Below 1500 is bearish.

Morning start..fkli firm 1490+ fcpo firm 3500+

DJ -30. Europe flat. Both perform better than Asian's expectations as CO slips back under 100 mark.

8.30
DJ futs +30. Regional +0.5% CO -3%, breaking its 4-day winning streak of +16%.

FKLI
-catching up following a better than expected externals. Rebound play but cautious till fbm opens, near 90 in early trades. Likely 1480-1500 consolidation range.

FCPO
SO +0.5% , giving a bulls some hope to prevent further damage but probably not enough to reverse its weekly bearish tone. Upside seen cap near 3550. Above 3450 is rebound play.

Fcpo wrap...bearish stays but looks overdone...this week

- big swing , two selldw , one under 3500 and another in PM under 3400. All despite SO trading +1% higher.

-tech sell dominant but players deem 3300-3400 overdone on the back of SO gains. More bounce seen if > 3500 but 3600 toppish tomorrow. Fresh bears if below 3400 tomorrow.

Fkli wrap...likely new dwtrend..... next week...

-major selloff in PM, as mkts tumble across the board after CO hit above US$100 in Asian. SH muted +0.5% but HS -300/-1% in PM after a flattish AM.. More selling after Europe opens near -1%. DJ futs -50

- externals big losses in PM cause selling that later trigger tech sell under 1500. Looking very bleak for bulls as it looks like 1450-1500 range next week.

-1500 looks toppish but still hope of 1480-1500 if no immediate breakdw at the opening tomorrow

Morning start...fkli soft 1510+ fcpo storng 355060

DJ -100 as crude oil hit $100 mark, Europe -1%

8.25 :
DJ futs +15. Regional -0.5%. Commodity strong tone. CO +3%. Gold back near year's high.

FKLI
-no immediate 1520 but defensive first. Current external weakness is also unlikely to create a selldw towards 1500. Likely range b4 HS opens is 1505-10. 1500-20 volatility

FCPO
-SO +2%. 3500 safe, rebound play,targeting 3560. Above 3560 is strong buystop lvl signal, targting 3600 again on profit take buy. No major tech resistance till mkt moves towards 7SMA.

Fcpo wrap...under 3600 very bearish.....

-after a huge big gap dw and cutloss activities in the first 15 mins, fcpo sideways all day , not even a meaningful bounce as fresh bears, under 3600, overpower profit take activities.

-I think we r looking at a new lower trading band of 3400-3600 in March if mkt stays under 3600 this week.

-for tomorrow, above 3500 is bounce hopeful but plenty of fresh bears are seen q-ing under 3500, targeting 3450-70 this week expected bottom

Fkli wrap.....holding sideways outlook...

-fear of a breakdw under 1500 did not materialize thanks to strong DJ futs since early AM. Regional, while minus, mostly steady with losses cap under 0.5% range.

-fbm ventures but misses +ve closing on a 3p selldw in preclosing stage on GENTING stocks.

-technically still 50:50 if stuck in 1500-20 range, perceives as sideways while trying to reverse its dwtrend outlook if above 1500.

Morning start....fkli weak 1503-05 fcpo bearish 3550+

DJ -180, about 50 point more losses than Asian expectation. Europe -0.5%, off Asian hours lows.

8.30
DJ futs +14. Regional steady, mixed, near flat line. Commodity tumbles, except CO, "popular uprisings pressured prices because they produced an uncertain future for theglobal economy and demand for commodities" . CO +0.5%

FKLI
-lower tone but built in discount would likely to limit fkli support near 1505 first. More selloff if fbm < 1510, targeting 1490. Upside target is lowered to 1510 from 1520

FPO
-SO -5%, knee jerk selling seen in fcpo opening trades. Fair seen near 3500 but fcpo is likely to see opening near 3550, taking trading range. Bearish if under 3600.

Fcpo wrap...fail to capitalise on CO surge...critical for bulls

-crudeoil gains fail to inspire lasting momentum as players deem Libya unrest as one off event, like Egypt. SO off highs, from +2% to +1%.

-no major moves today, rebound mode on profit take continues after a RM300 losting streak but equity weakness caps gains near 3700. mkt remains in –ve territory, under 7SMA .

Fkli wrap....back to dwtrend?...not yet

-Libya spoils bulls party, crude oil surge reinforce inflation fear play, like in late Jan.

-technically at immediate support but no breakdw today if above 1500. Below 1500 this week could resume Jan’s dwtrend mode, creating fresh move under 1500, targeting 1470+

-below 10 is bearish week

Mornigns tart..fkli weak 1515+ fcpo strong

Dj holiday, Europe -1%,. Commodoty surges on unrest in Libya/Bahrain.

8.35 :
DJ futs -100. Regional -1% on inflation fears. Commodity surges. CO +7%. GOLD back above 1400 on safe haven play.

FKLI
-defensive start, back to 1510 and mostly 1510-20 range seen in AM. Bearish if < 1510.

FCPO
SO +2%. Fcpo is seen back above 3700, targeting 3750 resistance. Bullish if above 3700.

Fcpo wrap...escape a breakdw but danger looms

-mostly lower tone but defensive all day but bulls avoided a fresh beakdw despite SO -1.6%, thanks to profit take buying following last week’s near RM300 selloff.


-but bulls position remains vulnerable if mkt stays under 3700

Fkli wrap...bullish closing... fbm wild swing

-fbm acts like HS today, wide swing in two directions

-after a scare in the first 30-mins of trading on suspected kwailow selling, fbm stages strong bounce in PM as banking stock reverse AM losses on suspected EPF buying.

-bullish closing on the first day of the week, looks like follow through towards lthe last short term resistance lvls, near 1540. Bullish if > immediate support, 1510, this week.

Morning start...fkli firm 1520+ fcpo weak 3640+

DJ strong weekly closing, steady churning higher. Europe mixed tone as inflation fears remain.

8:30
-DJ futs -12. Regional softer tone. Commodity mostly firmer, +1%.

FKLI
-making attempts to break 20. Above 17 is bullish, targeting 30. Otherwise 10-17 range play.

FCPO
-SO -1.5%. A sell off first b4 profit take buying kicks in. Below 3650 is bearish, targeting 3600-10 today. Immediate resistance 3700 today.

Fcpo wrap....bearish week and yet to recover...danger looms

-yesterday’s range, worries of breakdw still persists but profit take buying, on the back of strong SO gains, +2%, helps to cushion the dwside today. But, still no upside momentum ahead of weekend and tech weakness

-3650-3800 immediate neutral range and dwward-bias if below 3780. Buy-on-strength. A breakout above 3800 would see gap-closing moves, 3820-3920

-major breakdw if 3600 fails to hold, targeting 3450++ or 100 SMA

Fkli wrap..end of recovery...momentum for trading buy

-strong weekly closing, near major resistance lvl. Regional strong on banks and resources.

-1510-40 range next week if follow through on Mon breaks 1520 resistance, signifying a shift from recovery mode to trading buy mode target the next critical reversal resistance lvl of 1540

-a breach under 1510 could also signal a continuation of long term dwtrend, with last defence see at 1490.

Morning start...fkli firm 1505-07 fcpo strong 3800+

DJ +30, Europe marginally higher. All small moves.

8.30 : DJ futs -2. Regional flat, no moves. Commodity strong, +1% to +2%.

FKLI
-1500 seems safe today, with another attempt at 1510 first , cautious if fbm 1510 toppish again. Generally > 1505 is +ve.

FCPO
-SO +3%. FCPO is going crazy as bears run for cover. Huge two way swing this week. Fcpo seen returning near 3750-3800 band, with possible kneejerk towards 3850 if 3810-20 resistance breaks. Above 3770 is bullish tone.

Fcpo wrap...RM80 bounce in last 10 mins...more bounce

-major bounce after 5.50pm after mostly follow through pressure in AM and tech breakdw under 3700 in PM session when SO dips into –ve territory. But manage to recover most losses.

-late bounce today signifies mkt readiness to take profit and unlikely event to take out major support of 3610-20 this week. With more bounce towards 7SMA first.

Fkli wrap....at shrot term resistance ...next move ?

-while external a mixed bag, fbm steady above 1500 on lfollow through buying. Both upside limited by tech resistance.

-fkli see selling after fbm fails to close above 1510, taking discount stance after hitting 1510 in early trades

-rebound reaches the first short term resistance lvl, 7SMA. Expect a tough fight here upwards but expect at least one attempt at 1520, if fbm > 1505 . Can mkts finish with +ve tech outlook this week, > 1510 ? or profit take pressure ?

Morning start....fkli firm 1507-10 fcpo firm 3750+

DJ +60, Europe+1%, M&A and earnings drive stocks to fresh highs.

8:25

--DJ -2. REgional +0.6% to +1%. Commodity firmer tone. CO +0.5%

FKLI
-with fbm seen testing 1510-13 upside range, fkli will start on +ve tone, 1507-1510. Intra day +ve if > 1505, targeting bullish range of 1510-1520.

FCPO
-SO +0.2%, only small recovery. Danger of a breakdw under 3740, targeting 3700, looms in opening trades. Abive 3750, is bounce mode, targeting 3750-3780 neutral range.

Fcpo wrap....bulls hit hard with sudden plunge...

-a big opening gap dw and further tech sell under 3800 today. Selling pressure all day and not a single significant tech bounce as SO remains bearish in Asian hours.

-a sudden change of mkt outlook, from a possible bullish breakout above 4000 to testing 1-mth old lows.

-tech bearish if under 3815, targeting 3650 this week. Profit take buyback if fcpo regains 3815, if any, tageting 3890-90 this week

Fkli wrap....seen testing resistance this week...

-losses but defending quite well thanks to HS strong gains, +260. Bears territory but no fresh breakdw despite some tense moment in early AM trades. Mostly recovering tone after 10.30am and convincingly above 1500 in PM.

-consolidation range today and idea of more rebound if externals steady. Above 1490, is strong.

Morning start...fkli weak 1494-1500 fcpo bearish 3830-50

DJ -50 over 2-day. Europe mixed, near flat. Asian also mixed yesterday. China officially overtakes Japan as the 2nd biggest economy this week. It raises inflation concerns. Global mkts are accessing its implications

8.30
-DJ futs +4. Regional +0.5%. Commodity mostly lower. CO -1%. Grains tumble as traders took profits and worried global demand was easing due to high prices.

FKLI
-1500 support is up for defensive play again. Traing range 1490-1500 and -ve tone for a lack of follow through above 1505.

FCPO -SO -3%, nightmare for bulls, 4000's climb looks history this week. As mkt is seen testing support again, short term SMAs, if not the recent lower band, as fcpo is seen -ve closing today, under 3900.

Fcpo wrap.....no moves today...

-range trading, sideways within Fri’s range, probably no big moves ahead of holiday tomorrow

-Fri’s gains fail to translate to new a upside move today following weaker SO prices, -1%.

-bulls need to initiate a move higher on Wed as 7SMA support is catching up fast and to avoid 3950 toppish outlook. Failure to keep 7SMA as support could lure bears back into the mkt.

-below 3900 , immediate target is around 3820

Fkli wrap....relief for bulls...profit take ahead of holiday

-cautious start, strong recovery for most of the day after HS/SH post strong gains. Off highs on late selling activity on recent selldw jinx ahead of holiday tomorrow

-Europe +0.5%. .Dj futs +15 take cue from a strong Asian,

-bulls can relax a bit now but cannot cheer yet. While today’s bounce is stronger than expected, fbm.fkli remains in bears territory,under 7SMA or the dwtrend line

-further bounce is likely towards major resistance lvls, where bears are seen grouping. No major bears assault if mkt stays above 1480-90 lvl

Morning start....fkli firm 1492-94 fcpo weak 3910-20

DJ +40, Europe mostly higher as Mubarak stepped dw.

8.25 : DJ futs +10. Regional strong, +1%. Commodity mostly lower as Egypt-inspired gains eroded CO -1.7%.

FKLI
-strong external to reduce its discount, see attempts at 1500 again but still a sell-on-strength amid weak techncial outlook. Above 1490 is strong intra-day tone on profit take buy activities.

FCPO
-SO -1% . bulls have to go defensive first but sentiment is expected to stay +ve, > 3900, but 3950 looks toppish today unless SO recovers over the course of the day. Below 3930 is weak intra-day tone.

Fcpo wrap... hello 4000!! here it comes....

-seems getting ready to launch an attack at 4000 next week as 7SMA support tested and proven its resilience. So, ready for the next big move up. All well for bulls if fcpo stays above 3900

-Initial technical buy power, above 4000, will supersede valuation outlook in the short term basis but unless SO catches up fast, gains near 4100, will likely come under pressure towards the end of the week

Fkli wrap..danger of fresh major breakdw < 1480

-1500 history, new lower band trading seen, 1470-1510 next week. More dwside if fbm breaks 1480, targeting 1450. Maybe 1480 is this round profit take buy target. Buy on strength a safer bet. Any bounce, if any, seen limited near 1510+

-below 1500-10 is bearish. Both fbm.fkli also under long term 100SMA kwailow support lvl.

Morning start...fkli firm 1495-1500 fcpo soft 3900-3920

DJ -10, Europe mixed to flat. Lower but both perform better than expected.

8.30
DJ futs -30 . Regional flat. NK clsed for holiday. Commodity firmer tone. CO rebounds +1.5%

FKLI
-may reduce some discount to fbm but cautious tone will prevail. Eyes on fbm whther can sustain above 1500. If not another breakdw seen towards 1480+ is likely. Above 1500 is bounce mode, target 1515-17.

FCPO
-SO -0.5%, unlikely to deal a big blow to mkt bulls. Fcpo seen at the lower band of 3890-3950 +ve range.

Fcpo wrap....profit take but no breakdw

-profit take but enough bargains near 3900 to hold its head . Softer AM with more selling pressure in PM amid poor equity sentiment and lower MPOB stocks figure, -12% from the previous mth

-with weekend ahead, profit take pressure is expected to cap gains near 3950+ but mkt seen holding in +ve territory, above 3890-3900 or above 7SMA, for next week play.

Fkli wrap....major tech breakdw...under 100SMA

-prices tumble in PM on selling trigger by HS big losses of -400. Fbm ventures near 1500 causing some panic in fkli. DJ futs -40 , Europe -0.5% in late Asian hours.

-fkli also suffers from tech breakout twice today, under 1520 and 1500, compounding mkt bearish tone.

-maybe some rebound tomorrow due to the large discount but sell on rebound mkt as fbm seen under 1520. or till fkli regains 100 SMA, near 1507-10.

- Tech bearish if under 1510, targeting 1470+.

Morning start...fkli soft 1525+ fcpo strong 3950

DJ +6, Europe -0.5% . DJ winning streak continues but all small gains....hardly inspiring

8.20

DJ futs -10. Regional -0.5% Commodity mixed, quiet.

FKLI
-fbm seen at 1530-35 range. Fkli will play defensive but 1520 looks good support due to the built in discount. Upside seen lmited to intra day buy signals.

FCPO
-SO +0.5%. 3900-3950 upper range looks secure but a move towards 4000 ? Fair seen near 3950 at the current SO rate. Above 3900 bullish.

Fcpo wrap....small gains but huge bullish signal...

-a bullish breakout move above 3900, targeting 3900-4000. Big gains away from 3900 would not be an easy task as profit take sell above 3950 seen this week Staying above 3900 is good enough for technical bull.


-above 3900 is bull mkt. Mkt is likely to stay +ve if not bullish. Immediate support is raised to 3850 from 3800

Fkli wrap... . danger of trading sell back to 1500

-another disappointing day for mkt bulls. No much upside from get-go, drifts lower all day before a mild recovery towards the end of the day. Regional does not help either as sentiment turns worse in PM, near -1% amid fear of China rate hike.

-good news is 1520 remains as support but 1550's this week target looks slim especially if 1520 does not hold tomorrow. Fbm is –ve tone if under 40 as fear of a trading sell outlook.

Morning start...fkli strong 1535-38 fxpo firm 3900+

DJ +70, risk-incline trades continues, Europe +0.5%

8.30
-DJ futs +4. regional +0.5%. commodtiy firmer, near +0.5%. SH reopens today from CNY break and also after BOC had said in early Tues it would increase R%.

FKLI
-seriously staring at 40-50, a big setback if fbm fails to finish above 40 today. But fkli will start on cautious tone, near 40.

FCPO
-SO +0.5%, enough for a breakout above 3910 ? myabe not...but at least to see one attempt. Above 3890 is bullish.

Fcpo wrap....late bounce scare for bears...

-mostly –ve before late surge, almost RM50 in the last 10 mins on short covering especially after it turns back to +ve territory.

-good sign for bulls but maybe another day of tug-of-war at the higher end before convincingly sustain above 3900. Immediate support is raised to 3850 from 3800, targeting 3850-4000 range

-new major bullish breakout point is above 3915

Fkli wrap....short term profit take sell pressure again

-not an easy route but still strong potential to see 1540-50 ….maybe nearing weekend.

-fkli remains discount mode despite back above 1520 lvl. Partly, profit taking after a rebound from 1500 and technician likely to wait for a reversal first, above 1550. No major tech buy signals, with short term SMA in a horizontal formation

Morning start...fkli firm 1535+ fcpo weak 3850-60

-DJ +70, Europe +1% as merger news triumphs over lower resources stocks amid falling CO prices

8.30
-DJ futs -2. regional +0.5% . CO -1.5% as Egypt concerns take a back seat. GOLD +0.5%

FKLI
-catching up with fbm., 35-40 , as fbm is seen re-testing 40 again but cautious as lower CO could impact HS again. Immediate support is raised to 30 from 20. Bullish tone if > 35.

FCPO
-SO -1%. Can 3850 support hold? Below 3850,, pullback mode target 3810+ today. At best for bulls 3850-3890 range.

Fcpo wrap.....internal profit take tone ahead of expiry....

-looks like more consolidation first amid 3900 toppish outlook today. It looks like sell on strength tone but momentum is likely to pick up Thu onwards if fcpo still remains above 3850.

- must see a closing above 3900 to induce short term bulls buying. Below 3900 is short term trading sell.

Fkli wrap...not a dream start but in +ve teritory

-fkli players yet to turn +ve, just mirroring fbm moves but discount stance. Still, upside potential mkt this week but tough fight as price moves towards bears major defend zone


-above 20 is bull mkt but can they break 50…maybe not this week… but will not discount the possibility of a resumption of uptrend if a strong weekly closing

Morning start...fkli strong 1533-35 fcpo strong 3900-10

-slow but firmer tone across the board during CNY holidays.

-Pricing in, NK+1% on M&A talk in the steel industry, DJ +50, on earnings and lower unemployment data but cap by Egypt chaos and slow payroll data, Europe +1% . Commodity just a tad higher, off highs as stronger US$ amid good equity performance while foreign players shun US bond

8.15
-DJ futs -9. Regional strong. NK +1%. KOS +1.5%. CO -1%

FKLI
-incentive for follow through buying, targeting 40 to 50 as weekly target. Upward bias if fkli stays above 1520 this week.


FCPO
-SO +0.7%, Another chance to set fresh multi years record. 3950 looks toppish at the current SO lvl. Below 3890 today would set pullback towards 7SMA first after recent strong gains.

Fkli wrap....looking good to test 1540-50 major resistance

-bouncing tone continues . ready to give bears a real fight. Bears are seen defending near 40-50 band.

-above 1525 is +ve and becomes bullish if it can break above the dwtrend line.

-strong external, HS +430, +2% as bank and resources up. Locally, GENTING leads the leading pack today after last week dismal performance.

Fcpo wrap.....looking good to 3900-4000 range

-2 consecutive big gains , tech momentum bullish, staring at 4000. Above 3850 is bullish tone and probably 3800-4000 range after CNY, one notch higher from a 2-week consolidation range.

-breakout next week is above 3900. Below 3850 means a pullback towards 7SMA first

-technical buy will entice physical sell if forward mths and SO do not match the active mth moves.

Morning start...fkli strong 1520+ fcpo strong 3840-50

-DJ +50 and +150 over 2-day. Europe +2%. Strong US earnings plus +ve Europe economic data push Egypt concerns into the back seat ..as players unwind risk-adverse trades.

8.15 :
DJ futs -3. Regional higher. Regional generally +0.5% yesterday. NK +1% despite strong yen. Commodity firmer tone, CO +1%.

FKLI
-fbm seen taking 20-25 range, above 18 is upward-bias. Fkli seen 17-23 with +ve tone, maybe 30 if fbm can steady above 25.

FCPO
-sO +1.7%. fcpo is set to to test 3836 resistance but look topping around 3850 at the current SO's gains. Above 3800 is bullish, even 3900 today if kneejerk.

At a glance...Jan11 % performance.....

-super rubber , no wonder cup-lump rubber goes missing from small rubber estate. Forget about bio-fuel, where is bio-rubber ?