Fcpo wrap... bears sellng at resistance...

Fcpo fails to cross above 7SMA resistance and instead does a reversal under 3100 again in late PM trades.

No major fresh sell signal yet but bears seen taking charge tomorrow. 3000-3100 range or keeping mkt within a descending triangle formation.

Under 3000 in July is likely to spark fresh leg dw towards 2850+.

at a glance : regional performance in June n ytd

Fkli wrap....ready for 1600 in July

Fbm hit fresh year high in PM session but unlikely to make big gains tomorrow ahead of weekend. But will remain bullish, >70 and potential fresh leg up towards 1600 in July.

Morning start...fkli firm 1575-76 fcpo firm 3110-20

DJ +70, EU near +2% on Greece's approval of austerity measures on Wednesday, which are meant keep the country from defaulting.

8.330 : regional flat, near +0.2%..probably already priced-in Greek factor yesterday. Commodity firmer tone on weaker US$ and stronger Euro as Greek buys time. CO 1.5%

fkli. 70-80 still but likely the upper band instead of lower one like yesterday. Looking good to finish the mth on bullish tone > 70, with fresh leg up seen next week.

Fcpo SO +0.5% ,upside tone, enough to keep fcpo above 3100 and spark buyback, testing resistance, uptrend line, if > 3080 today.

Fcpo wrap.. .sideways tone this next week

Fresh breakdown scenario is off this week. Consolidation mode first, flirting near 7SMA resistance but likely to stay under 1-mth old dwtrend line this week. Above 3080 is +ve and bounce mkt.

fkli wrap.....ready to renew year high tomorrow

Fbm steady above 70 but save a fresh year high mark tomorrow. Regional upbeat in early trade near +1% but off highs and flat on closing ahead of Greek vote tonight. But EU/DJfuts strong +1% n +20 respectively.

Tech bullish but likely under 80 tomorrow. Fkli looks good for 1570-1600 in July if it can sustain above 70 this week.

Morning start...fkli strong 1573-75 fcpo strong 3080+

Dj +140 EU +1% as investors cheered a report showing US home prices rose for the first time in nine months in April. Commodity strong tone on relief bounce,near. Gold flat , bond price dw.

8.30 : regional +1% Djfuts -10. CO +2%

fkli above 70, bullihs play but 80 ? 70-80....near 75. Strong support is raised to 65.

fcpo SO +1% 3060-3100 +ve stance. No major sell signal seen today.

Fcpo wrap...seen consolidating 3000-3100 till next week

Very sideways, no fresh lows, playing with yesterday last 30-sec’s “hole” around 40-70. Defensive tone remains. Bears ready to take a breather first ?

Further bounce seen for the week if mkt stays above 40, targeting strong resistance, 3100 but likely to remain a bear mkt this week. Major fresh leg dw under 3000 seems unlikely this week.

fkli wrap.. ready to test year high....again..sugar rush!

Fbm strong on CIMB all day and MSM feel good, +40%. Fbm only hit 70 on preclosing 2p jump. Tech breakout scenario, reversing recent toppish outlook. Unless external tumbles tonight, fbm is seen renewing year high of 1576+ by mth end.

Regional flat, off early highs. Still, cautious on Greek next development. EU +0.5% Djfuts mixed tone, -20 in late hours.

Fkli looking good for 60-80 after all this week. Upward bias tone if >65. Bullish if >70… but 1600 this week…..too much lah!!!

Fkli “thinly “ traded today. Less than 2000 lots in each mth. 90% from roll activities. Kwailow seems taking +ve stance as 1H11 ends, at least in SEA….maybe for the fact that long term chart outlook still uptrend

Morning start...fkli firm 1565-67 fcpo firm 3070-80

DJ +80 on tech stocks. EU +0.5%. Commodity rebound tone, +0.5%.

8.30: regional +1%. Djfuts +11.

Fkli 60-70 with mostly upper band. +ve if fbm>65. but unlikely to see fresh moves above 70 today.

Fcpo SO +1% back to 3050-3100 play. No major selling seen if > 3040. but remains a sell on strength mkt

Fcpo wrap...fresh bears under 3100

Lower on weaker SO and commodity tone amid a stronger US$ especially in the afternoon. CO almost dips under 90 and looks heading for year-low lvl near 84-85.

No panic selling under 3100, just sliding pattern with fresh tech bears. But late selling triggers sellstop under 70 in the closing min. From 3070 to 3038.

Trading range is seen at 3000-3100 in the next 2-3 days. Bearish if under 3100.

Fkli wrap....no fresh moves...steady ahead of MSM IPO

Fbm suffers only minor losses, EPF keeps mkt above 60 in early trades despite weaker external near- 0.5% ahead of MSM IPO tomorrow – a show to win over Felda voters ?

Fkli manages to maintain its premium after DJ futs and EU reverse into +ve zone. EU +0.5% Djfuts +20.

On fkli jun>july, long rolls dominates mkt today, pushing up July – surprisingly lopsided and quiet so far. Kwailow exiting for book closing ?

Technically, slightly –ve, toppish and testing 7SMA support. But bulls remain in contention if mkt remains above 60.

Morning start...fkli weak 1563+ fcpo weak 3110-20

8.30 : regional near- 1%. Dj futs -40. Commodity weaker tone, near -1% on CO.



Fkli 55-65, back to 1560s play, targeting 60-65 in early trades with fresh dwside towards 55 if fbm <60.



Fcpo SO -0.5% potentially bearish if 3100 does not hold up. Bears mkt if under 3120.

Fcpo wrap...3000 coming.....

Support at 3100 today on profit take buy but a violation of 3-bottom formation this week, under 3150, means more bad news for bulls next week.


Immediate dwward risk towards 3000 if 3100 breaks on Monday. At the same time, 3000 looks like a major pit stop for bounce for “this round of bears” from 3450. Unlikely to go all the way dw to 2800-2880 gap w/o some bounce first.

Fkli wrap... bullish-ready next week...1570-90

Lucky for fkli bears this week as fbm remains stagnant – no breakout above 70 but +ve above 60 - against strong externals. But, maybe no such luck next week

Despite fbm's drag, Fkli takes premium stance this week from discount stance in the previous week. And looks ready for fresh upper range next week, if both fbm.fkli do a breakout above 70 for 1570-90 play. Above 1563 is +ve and potentially 1600.

Regional finish on upbeat tone this week after a cautious start as Greece finally struck a deal with IMF….giving bulls a good weekend. Likely to see more relief rally next week w/o Greece default’s hangover, at least +ve mode till the first week of July. Thereafter, US 2Q11 earnings will take centre stage.

Morning start...fkli firm 1563-65 fcpo weak3120-30

DJ -60, off lows near -200 when reports said Greece had reached an agreement on austerity measures with the European Union and the IMF. EU -2%.

8.30 : Dfuts +40,. Regional +0.5%. Commodity lower. -1% to -1.5%.

Fkli about the same range as yesterday., 58-65. Firmer on latest EU development but do not expect fresh upside, >70.

Fcpo SO --0.7% , further bad news for bulls. Another fresh sell pressure first with buybacks near 3100, instead of 3140-50.

Fcpo wrap....fresh year low...more to go

Dwside risk increases to 3100-3150 ranges. However it should stay near 3150 on profit take buy at lower end ahead of the weekend but unlikely to reverse its dwtrend outlook. Below 3150 is bearish.

Bears are ready to whack it dw next week if no improvement on the external front, creating a move towards 3000.

Fkli wrap...no major moves...this vol and boring

Regional mostly mixed but quiet, -0.5%. Fbm cautious but firm, range bound . Fkli off high tone but remains in tech +ve territory.

EU near -1%. DJ futs -30.

While above 60 is +ve, 70+ seems unlikely this week with 60-70 seen tomorrow. However, dwside risk amid toppishness.

Mornng start...fkli soft 1560-63 fcpo weak 3160-70

Negative take on Ben but not bearish too. NO new news, recovery but slow. No QE3. DJ -0.5%.EU -0.2%. Commodity flat.


8.30 : Regional -0.5%, DJ futs -16. CO +1%.

Fkli trading range is lowered to 55-65 from 65-70. Most likely 60-65 wiht fbm seen at 60 support.

Fcpo SO -0.5% fair seen at 3170-80 but danger of kneejerk breakdw underv 3150. Below 3180 is bearish play.

Fcpo wrap.....ready for fresh year low

Fcpo trends lower in PM on softer commodity tone. SO dips minus from +0.2% in AM, Significantly, sell on strength activities limit fcpo gains in early trades, indicating bears resolution to keep the mkt dwtrend intact. A breakdw under 3200 adds to bulls problem.

Technically, 7SMA a tough nut to crack ..again. Are bears ready for a fresh assault ? Maybe not this week...but 3100-50 possible on kneejerk breakdw

Fkli wrap....fbm drags again...bulls say #$%^

Despite +ve external, fbm sluggish all day. Toppish in AM, dwtrend in PM, saving the best for last with a preclosing 5p jump on multiple GLCs from 61 to 67. The purpose - Just above May’s high.

No 70s for fkli, mostly 65-69, premium stance all day on +ve externals, except after fbm closing. Fkli remains near day’s lows. EPF must come out with something fresh to impress! To be fair, players remains cautious too, ahead of Ah Ben outlook on US economy.

Regional strong start but off highs ahead of Ben statement. EU/Dj futs flat.

Bulls must push for 70s tomorrow. Otherwise, back to 50-70 sideways tone for the rest of the month. A closing above 70 would likely raise trading range to 70-00…..next week.

Above 65, bullish tone.

Morning start..fkli firm 1568-70 fcpo firm 3220+

DJ +110, EU +1% to +2%, +ve ahead of Greece's vote of confidence, to be held by the Greek parliament after the U.S. markets close. The vote is expected to determine whether Papandreou's government has the strength to avoid a default and secure a rescue package.


8.30 : regional +1% DJ futs +20. Commodity flat.

Fkli, will fbm stagnant again, like in the past 2-day ? good chance to take on 65-75 today, just above May's highs. but 70 -75 seems kneejerk at least in AM session as fbm likely stuck near 66. If any more upside in PM after EU opens.

FCPO +SO +0.2% no big signal, fcpo is on its own again but above 3220 is +ve, for 3200-3250 play.

Fcpo wrap... no more 3150 breakdw ?...

Thin vol. Attempts at 7SMA but just fall short. Still, above 3200 is good news for bulls, expecting more moves to break resistance lvl.

A strong mkt tomorrow would likely to spark more gains for the rest of the week, targeting 3300 again as 3150 breakdw case takes a back seat.

Fkli wrap.....fkli upbeat but fbm drag

Fbm cautious ahead of Fed meeting or drag by MAA's limit dw ? Regional strong though, +1% EU near +1%, DJ futs +50.

Both fbm.fkli are nearing resistance or 70 but still short of a tech breakout, above May’s high to create fresh up trend. Above 50 is upward bias., targeting 50-80 range this week.

Morning start...fkli firm 1558-60 fcpo firm 3200-10

Better than expected, DJ +80/+0.5% after US says it believes that Greece's debt situation can be resolved with Europe's help, but "it does create a headwind." EU -0.5%. Strong EU, weak US$, therefore stronger commodity tone.

8.25 : regional +0.5% to +1%. CO +2.5%, also tech bounce of 90 mark.

Fkli ...steady on +ve tone. Like yesterday anticipating 55-65 range and knee jerk towards 70 if fbm does not falter n seen testing 66. Above 60 is bullish.

Fcpo SO +0.5% testing resistance but enough to sustain above 7SMA?. 3200-3250 No sell signal if > 3200.

Fcpo wrap...no fresh indication of a breakdw yet

Holding quite well, in-and out of 3200, tight range, mixed tone. No fresh signal today but mkt remains stuck in dwward bias zone – between year low support and 7SMA resistance. Risk of major breakdw looms, targeting 2800-2900 cap up.

FKli wrap...toppish but no bears yet...

Fbm sideways within Fri’s range , toppish stance from start n dips under 60 in PM. This takes some shine off fkli, doing 50-60 instead of 55-65. But upside tone remains.

Regional steady in AM and weaker in PM. Not much gains in AM despite DJ +50 gains overnight. Cautious on SH -1% on banks weakness. Further dwside in PM following EU -0.5% n DJfuts -80 losses.

Morning start...fkli firm 58-60 fcpo soft 3180-90

Positive signals over the weekend. DJ +50, EU +0.5%. But mkt remains volatile as search continues for more signs that the economy isn't heading toward another recessionCommodity flat to softer.

8.30 : regional near +0.5% Dj futs +60. CO -0.2%.

Fkli catching up with fbm, 58-60 for start. Trading range is raised to 55-65. Possible kneejerk towards 70 today. fbm is seen testing May's high, 66. Above 60 is bullish.

Fcpo SO -0.5% seen at dwward bias range 3150-3200. High risk of fresh year low if mkt stays under 3200.

Fcpo wrap.....bounce near year low support

Off lows on profit take buy in late PM. Fcpo dwtrend remains if under 7SMA But next week is tech neutral if mkt stuck at 3150-3200 with major selling seen if 3150 fails again. Otherwise, chance of double-bottom if external improves.

Double bottom or free fall next week ? If former, 3150-3300 and if latter 3000-3200 in the next 2 weeks. .

p/s CO -4%/93, under 95….. bad news for MAS again…as it would likely incur derivatives losses….nevertheless still paper loss. Since QE2, CO the proxy for cheap money play this year, moves from 75-112. So, risk of seeing 75 again after post-QE2.

Fkli wrap....EPF boleh! vs. Greece default this week

Fbm capping off the week on strong note, following a 5p jump in preclosing phase. Fbm mostly under 56-58 in PM on regional -1% losses vs -0.5% in AM. MAYBANK +0.22 preclosing gains push fbm to 63 from 58.

Back to May’s high level this week despite a weak external amid fear of Greece default and US recovery after post-QE2. Outside Malaysia, cautious ahead of US Fed meeting next week, Tues/Wed.

Fkli plays discount but remains in tech +ve area, if not bullish, thanks to fbm. Fbm looks eager to challenge year high, 76+ but EPF luck may run out next week and gains may short-lived if external weakness continues

Morning start...fkli firm 1550 fcpo frim 3200-10

A mixed bag overnight, DJ +50, EU stuck near -1%. Commodity l flat.

8.30 : Regional flat, firm. DJ futs +30. CO +0.5%

Fkli , likely 45-55. , steady near neutral 49-53,, upside bias if fbm >56. 50-55 if fbm 50-54.

Fcpo SO +0.1% firm on weekend profit take buy first, and sell on strength later. 3200-3240 if SO remains in +ve. If so and a fresh violation below 3190 later, if any, could see knee jerk sell.

Fcpo wrap...heading year low support, SO makes a moves,

Taking lower band hit in early week and briefly under 3200 in late PM on SO moves. SO weaker in PM, > -1%, making its first big move of more than 0.2% swing this week. Fcpo tech selling below 3200.

Resistance is lowered to 3250, for 3150-3250 range. Attempt at year low seen but 3150 looks good as a support this week.

Anything under 3150 next week however could spell disaster as risk of a fresh leg dw for 3000-3200 range if 3150 does not hold.

Fkli wrap....Fbm Malaysia boleh !

Despite regional weakness near -2%, fbm in its own world, unperturbed , above tech +ve zone, near 1550 all day b4 a 3p jump in preclosing phase to finish at day’s high. Fkli takes discount stance , both upside/dwside limited due to conflicting signals.

Technically, another sideways day.

Morning start...fkli weak 1544-47 fcpo soft 3250-60

DJ -180, EU -1%. News that European officials failed to reach an agreement on bailing out Greece "continues to drive fear and cues the overall downtrend in the market

8.30 : Regional -1%. DJ futs +4. Commodity mostly lower. CO tumbles -3.5%.

FKLI likely to see 40-50 play from 45-45 yesterday. Alternating from week's high to week's low, unlikely to see a fresh breakdown.

FCPO SO +0.1% , but cautious amid poor equity sentiment. 3240-3280 neutral start. Dwward risk, below 3240 is bearish, targeting 3200+

Fcpo wrap....tight range again....rebound + resistance

Sideways and +ve tone, continuation of Mon’s rebound tone amid a lack of SO moves this week yet. Above 3250 is positive but requires a breakout above 3300 to reverse last week bearish momentum.

Fkli wrap....recovery tone continues...40-60 sideways

Fbm derives strength from TENAGA PCHEM, contradicting regional softer tone on banks weakness. EU -0.5% on possible Moody downgrading of French banks. DJ futs -50.

Fbm.fkli also take advantage of tech +ve condition in PM after a closing above 50 in AM. Back to last week closing lvl.

Technically, still no major trend, sideways range. Alternating between +ve and bias only.

Morning start...fkli firm 1549-53 fcpo firm 3250-60

DJ +120/+%, following better-than-expected data on retail sales and inflation and Bernanke's call to Congress on the debt ceiling. EU +1%. Commodity mostly flat except CO, the "widest" one this mth yet, +1%

8.30 : regional flat , +0.2%, probably already priced in more than 50% of DJ gains yesterday.

Fkli with expectations of a higher mkt, both fbmfkli seen in sideways today, upper band 50-55.

FCPO SO seriously flat 0%. 3250-80 for a firmer start. but strong resistance amid a lack of SO moves. 3240-50 intra day support.

Fcpo wrap...limited upside

Not much, neutral range. Bounce tone but sell on strength pressure. 3250-80 neutral play. A dip under 50 tomorrow would likely see 3200-3250 trading range.

Fkli wrao...sideways...neutral range of 40-50

Regional mostly higher, near +1 %, on China strong industrial data in May. However, HS sluggish, bounce off lows to finish -0.1%.

Fbm.fkli sideways within 40-50 range, surviving a breakdw under 40 amid +ve externals. Despite DJ futs +80, not much upside in PM either as fbm continues to stuck under 50.

Morning start...fkli firm 1543-45 fcpo firm 3250-60

Everything flat...seems cautious ahead of Federal Reserve meeting next week to discuss monetary policy ...like QE3??


8.30 : regional +0.1%. DJ futs +10. Commodity softer tone. CO -1.5%.

Fkli firm around 45 but cautious, 40-50 with further dwside risk towards 36 if fbm seen taking 40-45 range.

Fcpo SO flat, 0%, tech bounce continues if mkt > 3250 for 3300 resistance. Otherwise, sideways in neutral range of 3220-3260

Fcpo wrap...strong bounce off 3200 support

A bounce off 3200 support in AM, triggers rebound mode, likely profit take buy, in PM on the back of recovering SO prices, from -0.5% to -0.1%.

Despite today’s bounce, sentiment remains –ve, but maybe no immediate danger of hitting 3150 and instead a re-visit to 7SMA resistance first. Next major fresh bears seen if 3200 fails agian.

Fkli wrap...sayonara to a 1-mth old uptrend

No panic despite DJ -200 loss Fri. Not only regional steady near -1% in AM but higher in PM.

Fbm weaker in PM despite regional off low tone, HS +0.5% from a low of -1% in AM. Last week big winner leads loser today, GENTING. EU +0.5%, DJ futs +20 fail to inspire last week’s bulls. Fkli drifts from 45-50 AM to 40-45 in PM

Tech weakness likely to pressure in coming days as mkts r now in –ve zone, under 50. Fbm ends its 1-mth old uptrend momentum and seen moving sideways first , 30-50. Fkli could shift to 20-40 if under 40 tomorrow.

Fcpo wrap..5-day losing streak...another RM100 to go

Steady in AM but another dive in PM after SO prices drop 1% during lunch break. Fcpo stuck at the lower band of Thu’s range, -ve amid a tech breakdw below 3300 yesterday.

Not good for bulls as mkt is seen heading toward year-low mark 3148 to confirm a strong support first before a technical bounce after this week bearish actions.

Below 7SMA is bearish. A breach of 3150 could ignite long term major bearish trend targeting 2800 in the 3Q ???…targeting 2800-2880 gap up in Oct10.

Fkli wrap....GLC buying time, keeping bulls alive....

Fbm snaps a 4-day losing streak despite regional weak tone again. Regional fails to sustain early gains after the released of China May’s exports data in late AM session.

Despite fbm strength, fkli cautious amid HS -130 DJ -30 and takes discount stance despite an early attempt at 60 in early trades.

While still sideways, bulls can take consolation that DJ could find some support at 12000 first following Thu’s rebound. If so again tonight, it would help fbm to launch higher after trying so hard to play defensive this week...go go EPF!

Above 50 is small-bull mkt Generally 45-55 breakout range.

Morning start...fkli firm 1555+ fcpo weak 3270-80

DJ +75 bounce from 6-day losing streak and oversold condition, taking cue from EU +1%. Commodity firmer tone.

8.30 : regional +1%. DJ futs +10. HS set to bounce off lows too after a 6-day losing streak. CO +1%

FKLi 50-60 play, slightly higher than the past 4-day near 45-55. Strong as long as fbm>50 but upside is unlikely to deviate from its 5 days ranges.

FCPO SO -0.5% defensive start but profit take buy seen around 3250+ or if mkt recaptures 3300 resistance 3250-3350 .

Fcpo wrap.. a huge RM100 sellstop drop..

One event sellstop under 3300, reaching all the way to 3213 in late PM session. Aug11 stuck under 3300 and mostly 3370-90 thereafter. Earlier, cautious but mostly in +ve territory for most the day.

Fresh tech –ves today, making fresh leg dw more likely next week but should stays near 3300 on profit take buy ahead of the weekend. Further weakness is likely to attract kwailow funds on a possible bearish closing under 200SMA.

Fkli wrap...45-55 today..and likely tomorrow too!

Like Wed, Tues, Mon fbm.fkli about the same range and a case of firm fbm vs. weak regional, lead by HS. Europe firmer by +0.5% but flat in late Asian hours. HS closed -50, off lows of -250. SH shed -50/-2% on concerns over bank capital adequacy.

Fbm stays +ves on GENTING, PCHEM strength and only dip into –ve zone following a 2p drop in preclosing phase. TENAGA, RHBCAP pressure in the last 30-mins.

Fkli doing premium on anticipations of a DJ bounce tonight, DJ futs +40.

The wait to see whether DJ can hold above 12,000 keeps mkt in sideways. 45-55 technically neutral

Morning start...fkli soft 1549-51 fcpo firm 3330+

DJ -20, on fear of economic slowdown. EU-1%, after reports that Moody's has determined the U.K.'s credit rating is at risk of being downgraded.


8.30 : regional -0.5%. NK pressure by strong yen under 80 against US$. CO jump almost 3% as US$ weaker against Euro.


Fkli possible 40-50 from 45-55. but fkli seen steady first till fbm dips under 50.



Fcpo SO +0.4% incentive to reverse a 3-day losing streak . Buy back activities first but upside seen limited around 50 and risk of a breakdw under 3300 remains today, targeting 3375-80 if any.

Fcpo wrap...here comes 3300...can hold this week ?

Slide continues.....3300 looks good support at least for this week but dwtrend likely to stay...

Fkli wrap...same range as Tue..not good for bulls

Despite a firmer fbm tone, fkli stuck in –ve zone amid poor external sentiment. First , HS near -1% performance AM, then EU -1% performance in PM. DJ futs tracks EU, at -50, from flat. Fbm derives strength from CIMB and GENTING.

Fkli takes the same range like yesterday, dipping under 50 in PM. Both fbm.fkli are seen sliding towards uptrend support line for the remaining week. Immediate resistance is lowered to 55.

Morning start...fkli firm 1553-55 fcpo soft 3340-50

DJ -20, no bounce despite high hopes amid a strong DJ futs in late Asian hours yesterday. EU also off highs near +0.5% to mostly +0.2% closing. All seems quiet after Fed discount QE3 actions. Commodity pressure by stronger US$ lately.

8.35 : DJ futs +20. regional flat. CO +0.5%

Fkli steady for the day but weaker DJ performance overnight is likely to spark profit take sell first amid a flurry of late buying yesterday. 50-55. Unless fbm > 55, trading range remains around 45-55.

FCPO SO -0.2% no breakdw seen but defensive play again. Unless SO turns +ve, risk of further pullback towards 3300-3350 play. Below 3350 is bearish. Immediate resistance is lowered to 3380.

Fcpo wrap....prressure by toppish outlook again...

AM closing at AM’s low, PM closing at PM’s low.

Weak AM on follow through but steady in PM, above 50, as SO recovers some losses. 3350 survives but weak tech outlook continues, risking towards 3300 this week if mkt stuck under 3400.

Fkli wrap..late buying but no reversal sign yet...

Fbm.fkli negative tone on regional losses but manages to sustain above 50 in early trades.

Fkli turns +ve and finishes near day’s high on late buying following stronger DJ futs , +50 and firmer Europe +0.5% in late Asian hours.

No fresh -ve signal today but mkt remains in bears territory, < 60.

Morning start...fkli soft 1550 fcpo soft 3370-80

DJ -60, nearing technical significant mark of 12000. If fails, especially on weekly basis, easily another 500p fall for the rest of the mth. Tech stocks weak., NASDAQ -1%. Weak commodity tone.

8.30 : regional near flat. KOS -0.5%, pricing in a 2-day of DJ fall. NK -0.1%. More dwside risk seen going forward for the day amid weaker DJ n commodity prices. CO -1%.

Fkli defensive to "mild"bearish play, risk of breaking 50 support, targeting 44-50 play from 50-60 range yesterday. -ve if < 55 and bearish if fbm < 50.

Fcpo SO -0.5% testing 3350 as fcpo seen remains under 3400. Sideways at lower band, unlikely to see major breakdw today. Under 3380 is -ve.

Fcpo wrap... seen sideways again this week...

A strong start but poor finish as weaker SO sentiment finally catches up after Europe mkts opens and tech selling under 3400.

Back under 3400 again, so likely sideways this week, 3300-3400. Dwward bias, targeting next immediate support of 3350. Bearish till fcpo regains 3420.

Fkli wrap...test uptrend support line week ?

Quiet as HS/SH/KOS/TWI closed for "dragon boat" or "bakchang" holidays and weak tone prevails on DJ losses. Fbm.fkli finish near intra-day low as Europe starts the week on softer tone, near -0.5%. DJ futs mostly –ve, near flat.

Risk of a pullback towards support line, 1530-40, is greater now and it would need a closing above 1560 for a continuation of last week +ve bias tone.

Morning start....fkli firm 1557-60 fcpo weak 3380-3400

DJ -100 on weak job data. Europe flat, recovering on another Greece bailout in the pipeline. Europe strong , US$ weak, commodity firmer.

8.20 : regional mixed, flat. Dj futs +20. CO +1%

Fkli firmer tone, 55-65 but unlikely to make fresh uptrend move today, cautious seen as DJ nearing another critical tech support lvl of 12000 after 5-week of losing streak

Fcpo SO -1% tough day for bulls, defending 3400 again amid recent toppish outlook. But mkt is seen supported above 3350+ critical support today.

Fcpo wrap...toppish again but remains uptrend

Thu’s momentum and SO gains today push fcpo to recent high b4 succumbing to late selling. CO prices dip under $100 mark in late Asian hours.

Already a consolation for bulls as mkt recaptures 3400 mark again this week. This put fcpo within May’s uptrend trajectory. Plus, above 7SMA near 3400.

3400-3450 tug of war for a breakout next week. Unless a breakout above 3470, -ve tone amid toppish outlook.

Fkli wrap...consolidating in early June....no fresh high yet

Internal momentum on financials continues to keep fbm steady. But limited upside amid a mixed regional tone and cautious ahead of US May’s job data out tonight. DJ futs -20 but Europe firmer, +0.5% on report that Greece will get fresh $$$.

While it fails to extend May's bullish ending tone, year-high target, near 80, remains intact if mkt stays above 55 next week. Otherwise mkt may drag back towards its uptrend support line, especially with a closing below 7SMA in early part of the week

Morning start...fkli firm 1557-58 fcpo firm 3410-20

No big moves with cautious tone overall. DJ -40, Europe -1%. Commodity firmer tone but flattish. 830 : regional firmer tone too, near +0.5%. Dj futs +4.

Fkli 1550 support looks solid for the week, chance to finish near 60-65 if fbm > 60. Above 55 is positive tone.

FCPO SO +0.5% tug of war remains near 3400 in AM. If can sustain above 3400, new upper range of 3400-3440 in PM. Support is raised to 3380.

Fcpo wrap...strong day, ending a 3-day of losses

Very strong day. No major dwward pressure as no panic in the equity mkt. Sideways at Wed’s lower band b4 taking 3370-3400 in PM.

Still mkt has yet to recapture recent upward trajectory band, therefore cautious and sideways play likely tomorrow, 3350-3440. No major bears if >3300.

Fkli wrap....strong recovery on internal momentuim

After all day in –ve territory, fbm turns +ve on closing following a 4p jump in the preclosing stage. Despite DJ big fall, fbm and regional only experience selling in the first hour, thereafter remains sideways in –ve zone. Europe -1% in early hours also fails to spark interest. Regional near -1.5%

Fkli turns technically +ve after regaining 50 mark again. Only opening sell pressure, the rest mostly scaling-higher tone and takes +ve zone in last mins.

Fbm.fkli seen sideways Fri ahead of the weekend with bulls having the upper hand as mkt give “respect” to 7SMA support today. Targeting a breakout higher next week, if > 60.

Morning start...fkli bearish 1548-50 fcpo weak 3330-50

DJ worst day of the year on weak private employment, manufacturing dataand Moody dwgrades of Greece's bond. DJ -300/-2%. EUrope -1%

Regional -2%. DJ futs -10. Commodity mostly lower except GOLD. CO -2.5%.

FKli testing 7SMA support near 45, risk of kneejerk towards 40. upper range of 40-50 band in early trading. Upside target is lowered to 50-55.

FCPO SO -0.4% spillover bearish equity tone will add pressure. Bearish if < 3350 but 3300 looks strong support with the current SO and RM lvl. 3300-3350 range

At a glance....May11 & ytd perfomance

Looking back, all small moves excpet for a few..like silver and crude oil. Mostly in -ve territory amid strong USS amid fear of Europe debt problem. A brand new mth but same old story. Eyes on CO...the double edge sword....+ve on demand play -ve on inflation play. What play ?