Tuesday, March 01, 2011

Fkli wrap...strong bounce...back to bulls court

-strong external in PM. DJ futs +70. While flattish in AM, regional catches up with DJ futs with a +0.5% gains. Europe +1% on strong manufacturing data.

-GENTING, +0.27, lead fbm surges above 1500. Kwailow buying after selling blue chip in weeks ?...RM very strong.

-A big relief for mkt bulls as 1480 breakdw fear is alleviated somehow as mkt is likely to shift to +ve sideways tone but unlikely to reverse it dwtrend tone this week.

-with 1480 as confirmed support, after 3 attempts, tech focus now is towards hitting the upper band of 1480-1520. Above 1490, upward bias this week.

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