Fcpo wrap.....3100 tug of war...favor bears next week

Steady AM but weakness in PM on SO losses, near -1.5%, drag Fcpo under 3100 again b4 bouncing off this week’s strong support 3080 levels.

Sideways still but bears will have the upper hand next week after winning a tussle at 3100 this week. Can expect a move towards 3000 if 3080 breaks Monday .

Fkli wrap.. breakdw risk to 1500 if no debt deal

Another negative day as US extends its losing streak to five overnight. News of debt vote cancellation drag regional near -1% and Djfuts -80.

With no debt deal, mkt sentiment is unlikely to recover. A deal could spark some short term bounce b4 worries of possible dwgrade of US debt, even after a debt deal, takes centre stage.

Financials continue to drag fbm lower. Fkli Aug10 suffers big discount outlook on bearish tech outlook and weak external sentiment.

Fbm.fkli(jul) finish just above 100SMA. Below 1540 is fresh bearish tone, targeting 1500-1540 range. Next week, lower band is seen limited near 1517-20. Below 1555 is a sell mkt.

Morning start...fkli firm 1548-1550 fcpo weak 3090-3100

DJ -60, no debt vote yet, pushed back, wking to gain more votes. EU mixed, near flat.

US$ strong, commodity heavy tone. US 10-y bond's yield remains under 3% at 2.96%.

regional softer but quiet, near -0.5%. DJfuts -1.

fkli generally 45-55, bounce tone for the day, near 1550 in initial trades.

fcpo SO -1.3% on strong US$ n weak exports. 3100 support back in danger again but 3080 likely to hold again at the current SO rate. but dwward bias if under 3100.

Fcpo wrap...3100 support survives...sideways again

Sideways and keeping its +ve posture as 3100 support stays. Weak in early trades on equity spillover weakness but finish near day’s high on late buying activities after crossing back above 3100 in early PM trades. SO firmer in PM from -0.5% to flat in late Asian hours.


3080-3140 is a dead mkt. A breakout, earliest and hopefully next week, would dictate the next RM100-150 moves. North bet! to test 100SMA resistance.

Fkli wrap....near 1-mth low , danger next week

Asian equities bearish in AM amid DJ big losses overnight but recoup some losses in PM as EU shows little sign of panic to trade near flat in early Asian hours. Plus, Djfuts +40.

Fbm.fkli both sink deeper into –ve zone. Pressure is on as both are trading near 100SMA support, especially next week. 1540 seems safe this week but upside also limited till US debt plan is finalized.

Below 7SMA, breakdw risk is high in Aug for 1500-1540 play

Morning start...fkli weak 1550-52 fcpo soft 3120-30

DJ -200, EU -1%, Congress remained stalled on resolving the debt ceiling, and an economic report showed a significant slowdown in the U.S. manufacturing sector. But US$ stronger.

regional -1%. Djfuts +20. Commodity mostly lower on currency and economic slowdown play. CO -2%. GOLD remains aloft, near previous record high

fkli 50-55 initial trading amid its wide discount to fbm. but dw side risk towads 45-50 if fbm < 54.


Fcpo SO -0.3%. therefore no immediate follow through buy amid weak external. 3100-3130 range play, with dw risk towards 3080 if 3100 fails.

Fcpo wrap...sideways again but +ve bias now, slightly

Super tight range, directionless mkt. Positive stance as commodity stays firm on weaker US$.

Fcpo stuck at recent upper range but lack a breakout higher for 3150-3200 play. But as least it has return to +ve zone, albeit not far from the crossing line of 7SMA. Keeping fingers cross for a strong SO tonight.

A breach of 3140 tomorrow could see a dash towards 3200, aiming for weekly closing within 3160-80 range. Major sell signal seen under 3080

Fkli wrap....breakdw on sellstop under 53....

Fkli fails to regain 1560 following late selling in fbm on PCHEM leads. Like regional all mixed, near flat but fbm faces strong pressure and cautious sentiment take centre stage towards closing ahead of US vote of debt plan.

Double blows for fkli bulls. Fkli hit the low of 47.5, 1-mth low, on sellstop under 53 in the closing minutes. Mostly near 55-60 in PM.

EU near -0.5%. Djfuts +10 but all quiet.

77% fkli volumes from rollover activities.

Fbm.fkli remain in sideways tone, above recent lows and trying to cross above 7SMA resistance for the past 4 days…and not much luck yet for bulls! as US debt impasse continues… And fresh -ve if fbm< 54. targeting a move towards 30.

ETF to hedge against US debt default...if u r freaking out!!

NYSE

1) SPDR Gold Trust
2) Wisdom tree Dreyfuss commodity Currency fund
3) Powershare International corpoarate bond fund
4) Currencyshares Jap yen trust
5) Currencyshares SwissFranc trust

Morning start...fkli soft 1557-59 fcpo firm 3130-40

DJ -90 for a lack of debt progress. EU flat. US$ weaker Commodity mostly higher. But US bond stagnant., 10-y yield at 2.98% dw from 3%

regional -0.5% to -1%. DJfuts flat.

fkli about Tue's range but the lower band. 55-60 with dwward risk towads 50 if fbm <58.

fcpo SO +1% fcpo is seen back to recent resistance lvls, 3140-50 but a breakout is unlikely today. Above 3120 is +ve tone.

At a glance : US10-y bond yield % since 2008

3.5% to 4% = crisis level ? Last 3.02%

Fcpo wrap...sideways, no fresh -ve signal today

Another tight range trading day, with sideways tone again, 3120 here and there after regaining 3100 resistance mark. Commodity mostly higher in Asian, marginally, amid a weaker US$ in Asian.

Fcpo avoids fresh –ves after a 3-day of weak sentiment but at the same time it has yet to return to +ve zone.

3080-3140 is neutral play.

Fkli wrap....rebound but 60-toppish, eyes on Obama

Regional bourses reverse Mon losses in AM after a “better than expected” DJ/EU overnight. And extends gains by near 0.5% in PM after EU starts Tues flat and Djfuts stays +ve, +10.

Still, cautious amid US debt standoff but high hope for a solution on President Obama insistence that a deal is in the making. (US$ weak by all counts today, but US 10-y bill shows zero reaction so far)

Fbm fails to match regional’s pace and stuck near 1560-61, the immediate resistance lvl. Fkli strong bounce but yet to reverse its dwtrend outlook amid late selling activities

Morning start...fkli firm 1558-1560 fcpo firm 3090-3100

DK -80 as "projected" by Dj futs in late Asian hours. EU near- 0.5%, small moves despite US debt gridlock, with hopes for a solution by this week.

Everything seems flat but rebound mode, +0.2%++, from Mon's 1% selloff for a lack of big reaction to US debt pblm in US/EU overnight

fkli steady in initial trading, 55-60 but dwward bias tone till fbm regains 60. And fresh -ves if fbm <58. Chance for upper 60-65 if regional strong.

fcpo SO -0.2%. no upside incentives. Tech weakness after Mon's closing will weigh on mkt tone, below 3080 is fresh -ves. To reverse -ve sentiment, mkt must regain 3115-20 band.

Fcpo wrap...last week 's effort down the drain...

Weak equity and SO tone pull fcpo back into tech –ve territory. Instead of a breakout towards 3200, mkt is likely to struggle for upside momentum again.

3080-3120 is sideways. And lower range with fresh -ves if 3080 breaks tomorrow and –ve play for the week thereafter. Mkt must regains 3120 to bring back bulls.

Fkli wrap...last week's rebound course ends eruptly

Equity cautious amid US debt gridlock. All start near -1% and stay stagnant for most of the day.

Bad news for fkli bulls as both fbm.fkli dip back in –ve territory, failing to extend last week’s rebound mode. A fresh low tomorrow could well see a resumption of its dwtrend for 40-60 play in the coming days.

Below 1560 is bearish week.

Morning start...fkli weak 1560-62 fcpo weak 3110-20

No deal yet on US debt talks, despite efforts made over the weekend. DJ futs -100. Regional starts Mon on -ve tone, near -1%.

fkli 60-65 with risk of breakdw under 60 if fbm < 58.

Fcpo SO -1% , setback for bulls as mkt seen drifting bakc to sideways tone,3100-3140, Under 3120 is -ve tone.

Fcpo wrap....hello to 3200.....

Very tight range and in +ve territory, 3120-3150. Despite softer SO prices and stronger RM, Oct stays above 7SMA support line.

Fcpo seen ready to venture into a higher trading band, 3120-3250 next week. A strong breakout momentum is expected next week if fcpo clear 3150 next week.

Fkli wrap....ready to see 1580 strong resistance again....

Fkli tight range amid conflicting signals. External strong amid fresh bailout for Greece and hopeful of US raising its debt ceiling.

But fbm has “power” problem - TENAGA slumps almost 5% at one point, or about 4 fbm index points, amid a dismal earnings report.

Fkli stays premium but 70-toppish on fbm drag. While no upside today, both remain in a good posture for further upside/bounce towards 1575-80 for expiry b4 deciding the next move in Aug.

Above 1560 is up market. If this support is broken, mkt will trend lower around 1540-1560, resuming its dwtrend run.

Fcpo wrap...losses but no major setback yet....

No launching an attack at 3200 direction but busy defending, near 3130-40 amid a softer SO tone. However, mkt remains upward bias tone and maybe better chance to see 3200 next week.

Fkli wrap....stays sideways..breakout next week?

Cautious AM but firmer PM on report that EU has reached a deal for a fresh bailout for Greece. Regional recover some of AM losses but in a mostly range bound day, within -0.5% to +0.5%.

EU/DJfuts, however erase early gains after about 30mins into trading in PM and stay near flat line in late Asian hours. Banks up but telcos, like ERICSSON, tumble on weak earnings.

Fbm.fkli play defensive in AM – defending 60 b4 climbing higher in PM. Like yesterday, rebound mode, tight range and in neutral zone. And likely the same case tomorrow!

Above 60 is upward correction but strong resistance around 70 or 7SMA ahead of weekend. No major sell signal if mkt stays above 60.

Morning start,...fkli firm 1564-65 fcpo weak 3110-20

DJ -16, taking a breather after "best day of the year" yesterday. EU +1%. Strong 2Q earnings continue but debt issue supressing upside momentum.

regional flat, DJ futs +20. US$ weaker tone but commodity also weaker tone except gold. all near flat

fkli rebound tone continues, 60-70 range, likely the upper band a long as fbm > 60. But both fbm.fkli are likely to remain dwtrend, under 7SMA resistance.

fcpo SO -1% setback at start but likely to be well supported around 3100-10 after a breakout scenario.3100-3150

Fcpo wrap...fresh breakout...heading to 3200s

Some follow through buying after recapturing 3100 mark yesterday and manages to clear recent high resistance, above 3145, on late buying activites. It looks like upward bias tone and 3120-3230 for the rest of the week.

Above 3140 is new bullish momentum.

Fkli wrap....no fresh -ve signal but remains dwtrend

Strong earnings in tech sector, IBM APPLE, take centre stage after Obama says making progress in finding a solution on US debt. But, financial stocks in HS/SH remain under pressure.

EU +0.5%, DJ futs +20, positive but cautious till Obama says yes to debt plan, b4 Aug2 dateline.


Fbm.fkli on rebound tone, in 60-70 neutral range. Fkli may just consolidate around here this week b4 making fresh moves next week. Meantime, breakdw risk is higher till fbm regains 70 mark.

Fcpo wrap....setback for bulls, last week's effort wasted...

A +ve and firm start but a lack of fresh highs and SO sharp reversal, from +0.5% to -1%, in the second half of AM session turn bears into hero today. Tech breakdw under 3100-3110.

With no breakout higher, mkt is back to sideways range, albeit in bears favor again as 3100 support fails. It looks like a non-trending week again, 3010-3150. Below 3070 is bad news for bulls tomorrow.

Fkli wrap....tumbles on weak fbm and tech selloff

Fbm goes south from start, with a selloff in the first 15-mins of AM on CIMB MAYBANK, hitting the high of 1560s. Another round of selling in PM, hitting the low of 1560s, after EU opens -1%. Regional reverse AM stance of mixed tone to negative tone in PM, but within 0.5% range. Dj futs bearish all day from -50 to -90.

Fbm.fkli suffer tech breakdown scenario, fresh -ves, under 1570, but all the way to Jun’s low of 1536 this week ? Unlikely so bearish, a pause and tug of war near 1550-60 is more likely this week.

Below 1570 is dwtrend mkt.

Morning start...fkli firm 1577-1580 fcpo soft 3100-10

-DJ +40, on strong 2Q earnings but cautious looms amid lingering debt pblm. Gold at record highs. EU mixed.

-regional mixed, near flat. DJ futs -50. CO +2%

-fkli 75-83 with -ve bias if fbm < 80.

-Fcpo SO -0.5%, defending 3100 and likely to range bound 3080-3140

Fcpo wrap.....chance for a tech breakout higher

Weekend profit take pressure but fcpo keeps a +ve outlook for next week. Looking for a chance of breakout higher towards 3250 if 3150 resistance breaks. Above 7SMA or 3090-3100 is upward bias.

Fkli wrap.... holding but fbm weakness drag...

Fbm.fkli start on weak and cautious tone amid DJ overnight losses and S&P warning of US debt dwgrade. But like regional, off lows in PM as EU/DJfuts near flat in late Asian hours. Tight range, bears in control.

A closing under 1580 is bad news for bulls nezt week , meaning defensive play plus fear of a fresh leg dw towards 1560+ if 70 support is breached. Short term dwtrend till it regains 7SMA resistance.

Morning Start...fkli soft 1576-79 fcpo soft 3110-20

-DJ -50 , after Federal Reserve chairman Ben Bernanke backtracks and says that the central bank may not be as willing to move on further stimulus as previously thought.
-EU -1%
-commodtiy softer as US$ slips on Bernanke. CO -2.5%.

fkli 75-80 neutral but dwside risk greater today. Selling pressure if fbm < 77.

fcpo SO -1% 3110-20 start for 3090-3040 play. Sideways mkt but likely to maintain +ve stance, above 3090-3100 for next week

Fcpo wrap...likely to go bulls....next week

Strong grain prices give fcpo bulls the much needed short covering activities to push fcpo to a 2-week high. Another strong finish tomorrow, above 3100, would turn mkt higher in the coming week. 3100-3300. Tomorrow's upside seen limited near 3170, for 3100-3170 play. Above 3150 is bullish.

Commodity higher as US$ slip after Bernanke give hopes of more stimulus. Grains gain further on weather concern on corn crop

Fkli wrap....in and out of 80.....sideways

Fbm.fkli steady near 1580 all day - both in AM when regional falls,-1%, after Moody’s US$ warning and in PM when regional rebounds to finish flat, after EU reacts mildly, -0.5%, to Moody’s US$ warning. DJfuts also recovers from a -50 to +20 in late Asian hours.

Like yesterday, fkli performs better than fbm amid +ve bet on DJ tonight and fbm faces strong resistance at 80.

No major fresh tech signal if stuck within 75-85. Likely same scenario tomorrow.

Morning start...fkli firm 1581-84 fcpo strong 3100-10

-DJ/EU +0.5%, off high but +ve despite EU debt mess after Federal Reserve chairman Ben Bernanke reiterated that the central bank remains ready to provide additional stimulus.

-US$ weaker significantly, a boost for commodity. CO +0.5%. GOLD at record highs amid default fears. Grains jump on corn cues as scorching weather in the central U.S. crop belt, along with forecasts for more heat,raised concerns about the size of the U.S. corn crop

-regional -0.5% as export oriented mkt suffers from strong local currency. DJfuts -30.

-fkli cautious and limited upside 75-85 but mostly seen near 80 for 75-80 play. Negative tone if fbm <80.

-Fcpo SO +1.5% fcpo seen back above 3100 and looks set to challenge 2-week high of 3136. 3100-3150 +ve play. Above 3100 is bullish.

Fcpo wrap....back to bulls camp...barely

Still sideways play, zigzagging along the boarder line of bulls n bears camp in the past two days. A +ve day, sustaining above 3050 and matching SO gains, as commodity rebound after Italy-shock yesterday. Recent –ve commentary on cpo continue to weigh on prices

No clear clue on the next short term trend yet if stuck within 3000-3100. But +ve bias if above 3060 tomorrow, attacking 3100 again.

Fkli wrap..strong bounce but not a reversal yet

External rebound tone, regional +1%, EU +0.5% after a bad Tues. DJfuts +60. China strong 2Q GDP data, +9.5% provides a psychological support after digesting so many bad news on EU debts.

Fbm mostly cautious near 78-79 all day b4 closing near high, above 80, thanks to preclosing phase jump of 3p. Fkli, however, more +ve, staying just above 80 all day after a cautious start Late buying noted on strong DJfuts tone.

Rebound yes but yet to reverse recent downfall sentiment. Cautious till fbm regains 85. The fight continues, likely more sideways play for the week.

Morning start...fkli firm 1575-78 fcpo firm 3050+

-DJ -60, EU -1% both sharply off lows in early Asian hours.
-commodity rebounds mode as dollar retreats. CO +3%
-regional +0.5% DJ futs +20, relief buybacks.


fkli 75-85. Likely a +ve day with no fresh weekly lows expected but upside momentum will remain weak. Positive tone if fbm> 80.

fcpo SO +1% lucky bulls, fcpo seen heading resistance first, 3050, trying to reverse yesterday's negativeness, instead of critical support of 3000. Above 3030, positive.

Fcpo wrap...shifting back to bears camp...

Getting ready for another attempt at 3000 already ?

A tug of war near 3030-50 lvl, tight range, cautious tone after prices shifts back to –ve bias zone, under 50 . From testing 3100 resistance in the previous 2 days to a bit of defensive work today.

Not yet bearish but given externals scenario, it looks like a tough fight for the bulls. Commodity is likely to be pressured by EU debt jitters this week. Weak Euro, strong $, weak commodity

Fkli wrap..."spaghetti" sales pressure.....

Fbm.fkli suffer double blow - bearish external and weak tech outlook. EU debt jitters all day. Plus, further blow in PM after Moody raises red flags on Chinese firm. HS extends AM -1% to -3% in PM and SH -1% to -2%.

EU mostly -2%. Italy -4% in early Asian hours. DJfuts -100., off lows of -120. Euro skids -1.5% vs US$.

Fbm.fkli are short term tech sell targeting 60-65 range this week. Below 1580 is bearish

Morning start...fkli weak 77-80 fcpo flat 3070-80

-DJ -150 , twice as much compared to DJfuts in late Asian trading yesterday. EU -1% to -2%
-Italy fault, equity weak, dollar strong, commodity weaker, -0.5%.

fkli 75-85, already built-in discount would likely keep fkli near 80 first but a negative as fbm is seen taking 80-88 range.

fcpo SO flat and no moves. fcpo is waiting for a breakout of 3050-3100 range.

Fcpo wrap...no major selldw after MPOB...

MPOB out but not much price actions. Pressure, yes. Palm oil stocks above 2million tonnes, keeps fcpo under 3100 again.

Not a good start for bulls for a lack of followthrough above 3100 but 3050-3100 is still a positive band. Therefore, upward bias remains in a sideways band instead of a trending mkt.

Fkli wrap..sayonara 1600..tech bearish

False hopes when Fbm hits fresh year highs in the first 15mins. Fbm quickly retreats back to Fri’s “b4 sudden late buying” lvl near 88-90 and sideways around this band for the most of AM.

External extends AM losses in PM. HS -380, EU -1% on banks but fbm banking on tech support. But fkli plays safe, keeping a wide distance on late selling amid DJfuts -90.

Fkli turns tech negative - under 7SMA and 1-mth uptrend line. 1600 target is taking a backseat now, as mkt needs to recover fresh momentum and at the same time bulls will play defensive at 1580 critical support first, trying to maintain 80-00, If not so lucky, 1565-90 this week

At a glance : BMD's retail and foreign demography

kwailow up up up

retail dw dw dw

*** 2011 is up to May11

At a glance...Jun's MPOB..not too bearish

Stock top 2 million tonnes, 2.05m, but export see strong growth too.

In june, production +1%, export +13%, stock +7% from May

Morning start....fkli weak 1590-93 fcpo firm 3070-80

-DJ -60, EU -1% as US June job data dissappoints - barely higher than "much higher" expectations.
-commodity softer tone on stronger dollar amid on-going US debt-ceiling talks
-regional softer tone Mon, near -0.5%. Commodity weaker on stronger $, CO -2%. DJfuts -50.

fkli 90-00 again. ? Generally bullish if fbm>90 but given last week toppish outlok and a lack of bullish external, 1600 looks a tough nut to crack today. but dwside seen limited a mkt is trending higher

fcpo SO flat. fcpo will rely on internal momentum to stay in +ve zone , > 50. but crossing above 3100 may face strong resistance again.

Fcpo wrap..no more bearish..not yet bullish...3000-3100

Positive tone after a gap-up opening on SO strong gains, tracking a jump in corn prices on weather and weaker US$.

Fcpo faces strong resistance at 3100 and therefore tight range play, mostly 80-90. Importantly, it escapes 3000 breakdw this week and returns to neutral sideways range, 3000-3100, with better outlook for bulls and bears going back to drawing board.

Above 7SMA is +ve sentiment and no immediate breakdw fear

Fkli wrap...positioning for breakout, 1600-1630

Poor day, strong closing. Despite favorable externals, Fbm trades mostly in -ve zone and under 90 for the day in weak tone b4 a last 5-min recovery push it back up near 90. Then, it settles in +ve zone and day’s high following a 5p jump on preclosing phase. EPF boleh!!!How convenient!!!

Regional near +1%, DJfuts +10. EU +0.3%.

Like yesterday, fkli suffers from fbm spillover weakness but manages to recover back above 90 thanks to fbm “closing show”. Therefore, it remains bullish for next week. Above 7SMA , is 1600 breakout target.

Morning post-start...fkli strong 90-00 fcpo strong 3080-90

-DJ +90 , on better June retail sales and weekly job data
-EU near +1%
-commodity strong. CO +2%. Crude-oil prices had received a boost after two surprisingly strong reports on U.S. jobs that may signal stronger energy demand in the coming months. ...MW

fkli 90-00 +ve play, with possible kneejerk above 1600 if fbm > 95.

fcpo SO +2% fcpo +ve tone on tech buyback. 3050- 3100.

Fcpo wrap..1st +ve tech signal in five but...

A happy day for bulls after so many misery days but it requires a strong day tomorrow to shift internal sentiment from bearish to a consolidation play, targeting first major resistance of 3100-3150 first.

Above 3030 is short of fresh bears and plenty of short covering play next week.

Fkli wrap....90-00 but does not look like 1600 breakout Fri

External +ve tone but regional off highs in PM as cautious tone ahead of US retail sales data. EU +0.5% as EU governments slam rating agency. DJ futs +40. Fbm, however, gains stop near 95 and mostly 90-93 in sluggish trades.

Fkli also off highs on fbm weakness but strong defence work at 90 and yet to give up 1600 yet. Positive tone for the week closing seen. But maybe 90-00 play again as any attempt to break 1600 this week is likely to tempt profit take sale .

Storng staying power seen above 7SMA support tomorrow and ready for a breakout above 1600 next week.

Morning start...fkli firm 1590-93 fcpo firm 3030-40

DJ +50 after European Union officials challenged the main credit rating agencies. But GOLD +1%. EU -0.5%. Commodity firmer, +0.5%. Al ropund quiet ahead of US economic data. Retail sales on Thu n Jun employment data Fri.

8.40 : Regional flat, +0.3%. Dj futs +20. CO +0.5%.

Fkli 90-00 if fbm>90. bullish play likely

Fcpo SO +0.4% fcpo can escape a breakdw but will it find upside momentum ? quite unlikely. 3000-3050

Fcpo wrap....ready for breakdw under 3000..next week?

Another sruggle for fpco bulls amid a lack of SO gains. Fcpo remains stuck in recent lower ranges of 3000-3050 but getting closer ot the edge of descending triangle. A big move is imminent and likely a fresh led dw as mkt stuck under 3050.

Fkli wrap... fbm fresh year high..ready for 1600

Fbm at record high ahead of R% decision tomorrow and despite weaker regional , HS -0.5%, EU -0.5% DJfuts -30. Petronas related stocks lead.

A strong comeback after Tues scare, putting 1580-1600 range back in play. Attempt at 1600 likely by this week. Immediate support is raised to 85 from 80

Morning start...fkli firm 1580-83 fcpo soft 3030-40

DJ -12 , ending a 5-day big +650 winning streak. Cautious going forward ahead of Jun employment data Fri and retail data Thu. EU mostly lower, -0.5%. Gold strong on China concerns after report on Chinese bank non-performing loan prblm.

8.30 : DJfuts -10. Regional flat, mixed, no direction for the day yet. CO +1.5%

fkli 80-85 steady range first but trading range is likely lowered to 75-85 from 80-90 if fbm < 80. "How good is the defensive rather than how high" is the theme today.

Fcpo SO -0.5% , not giving fcpo bulls any help to reverse recent dwtrend tone. 3000-3050 stuck ? Under 3020 is bearish again.

Fcpo wrap....still above 3000 thanks to SO outlook

Fresh year low but off lows on late bounce on SO gains. Bears still dominant and are waiting for chance to push it under 3000 for a fresh leg dw.

Fcpo is bearish if it stuck inside the descending triangle formation

Fkli wrap.....1600 takes backseat, test support first ?

Quiet day all around - regional and commodity - amid a lack of US cues

Fbm not taking any chance, prefers to wait for US to justify a move towards 1600, meantime steady above 7SMA support, near 1580. US reopens Tues after a 5-day super +650p winning streak last week

Fkli drifts lower as 1600 seems off-limit today amid fbm cautious tone but also stays in tech +ve zone. Above 80 is still a bull mkt

Morning start...fkli firm 1583-85 fcpo firm 3060-70

DJ holiday on Mon. EU mixed, flat. Commodity firmer tone.

8.30 : Dfuts +20.regional flat to marginally+ve, +0.2%.

fkli likely defensive at 80 for 80-90 play. But under 1585 is cautious tone with dwside risk only if fbm < 80.

fcpo SO +0.3% another relief for bulls as fcpo will avoid an initial selling pressure and therefore gives bulls a chance to penetrate 7SMA resistance. 40-80 is neutral today. Bears rule if < 40.

Fcpo wrap... off highs...bear still in control

With SO taking a holiday break. fcpo starts the day on strong footing – maybe too strong. Kwailows selling pressure yet again, pull prices off highs in PM.

No major moves - reversal or breakdw . Without a fresh low under 3030 this week, no fresh bears and opportunity for bulls to create a reversal above the dwtrend line.

So far nothing is happening. Mkt remains in dwtrend mode. 30-70 is neutral play this week. With this range, danger of a breakdw towards 2850-3000 looms.

Fkli wrap...AM bulls suffer black eye...fbm profit taking in PM

Fbm trends lower in PM, back to the day’s mid point for a lack of EU gains, maybe. EU +0.1%. Regional steady in PM, off AM high but keeping most of AM gains, avg +1.5%

Fkli defensive play after dipping under 90 in early PM trades, triggering some sellstops under 90 n 86 along the way. Earlier in AM session, buystops noted at 90 n 93.

Technically, fbm.fkli remains in bullish zone despite an ugly looking candle today. Cautious but 1600 remains a target this week unless another ugly candle tomorrow.

Morning start...fkli strong 1590 fcpo firm 3030-60

DJ finished last week on buliish tone, 5-day winning streak +650, ahead of Jun employment data Fri and receding worries of a Greek default. EU +1% last Fri. Commodity flat and firmer tone.

8.30 :regional +1%. CO +0.5% Risk appetite up, gold dw, under 1500 mark, near 2-mth low.

fkli 1600 ? knee jerk yes, likely 85-95 range near 90. Likely to maintain bullish tone, above 80.

fcpo SO +0.3% . breakdw risk remains, if 30 does not hold. but seen starting on a firmer tone first.

Fcpo wrap.. ..ready to attack 3000 support

Bears seem ready for another assault next week after manage to cap bounce momentum under 3100. Bulls last defence at 3000 and looks vulnerable. A breach would create a fresh leg dw toward 2850. To reverse, mkt bearish tone, bulls must push it back above 3100 next week.

Fkli wrap...year highest P, year lowest Vol..fbm+4 jump

Fbm mostly under 80 b4 a 4p preclosing jump from 78 to 82.94 on mainly MISC, SIME, UMW, PPB. Fkli stuck at mid 80-85 range all day in thin trade –the lowest daily vol this year yet. Buy back to the high on closing amid fbm jump.


Regional/EU/DJfuts flat on the 1st day of July but taking +ve stance thanks to Jun’s ending momentum. Today also see a significantly weaker US$ vs others, meaning more risk taking tone in July ?

Strong support is raised to 75 next week but likely looking a new upper trading range of 1570-1600 in July

At a glance...BMD turnover...1H11 +48% from 1H10

BMD 2Q11 turnover -6% from 1Q11 but IH11 jump 48% vs. 1H10, thanks to mainly trading interest in FCPO, +67% and fkli +16%. Fcpo open interest at record lvl while fkli remains flat despite more interest from kwailow.

Fkli is now a "legal" product in US after US regulator or watchdog, CFTC, allows US citizens to trade FKLI.

Turnover : PERIOD/FKLI/FCPO/KLIBOR/BMD

At a glance...Jun performance and ytd %

Commodity largely lower on china demand slowdw fear. Fbm strong on election play ? Kwailow is malaysia-bullish. NK rebound from post-earthquake sell dw. Crude oil suffers from post-QE2 shock. Europe suprisingly steady despite default talk. DJ strong towards the end of June but still dw mtm.

Morning start...fkli strong 1583-85 fcpo weak 3050+

DJ +150, EU +1%, 4 -day strong winnning streak taking advantage on the latest positive developments out of Greece and +ve expectations ahead of 2Q earnings report.

8.30 :regional near +1%. Djfuts -1. Commodity mixed. CO +0.5%, the rest mostly lower, near -1%.

fkli ready to tackle 80s. 80-85 mostly and profit take sell above 85-90 ahead of the weekend. Bullish tone with fbm > 75.

fcpo SO -1.4% 3000 support in danger again. looks like a bear mkt today 3000-3080. 3000 likley to maintain as uspport today but breakdw risk increases next week if fcpo finishes under 3040.