Bursa Malaysia Derivatives

Happy Trading !!! Sayonara.

2011-08-29T12:58:00.002+08:00

Fkli wrap( final)....more upside... testing resistance first....

2011-08-29T12:51:00.004+08:00

Finally, some upward correction for a lack of selling in CIMB ( done with ?) ( selling due to bad NPL ? ) Fbm strong but slow climb, back by bullish externals, +1% to +2%. However, fbm dips almost 7p in the last 15 mins of trading, probably on force-selling activities.

It looks like 40-60 bounce-tone market first, testing dwtrend resistance lvl. No major selling signal if market remains above 30. Can the mkt reverse it dwtrend outlook, <1460, in Sep ? If 1430 breaks, 1400 is an easy target.

Fcpo wrap (final) .....a mild relief of bulls but dwward-bias continues

2011-08-29T12:31:00.005+08:00

No party for bears as strong grains on dry weather concerns push fcpo back above 3000 psychological mark.

Trend remains in favor of bears but no major fresh bearish signal if fcpo stays above 2900.

Fcpo wrap (2nd last edition)....going to test 2900 support

2011-08-26T18:00:00.005+08:00

Quiet day for commodity ahead of Fed meeting with fresh stimulus in the pipeline.

Fcpo downtrend tone continues and seen heading towards 2900 first to find for a bottom. And failure to defend 2900 would create fresh selling pressure towards 2800-2850 range. Negative till Fcpo regains 3000.

Fkli wrap (2nd last edition) ....no mercy...near year low....

2011-08-26T17:18:00.002+08:00

Bearish tone continues, no respite as selling in CIMB and AXIATA continue regardless of external conditions. Regional mixed tone, near flat, EU near -0.5%. DJfuts mostly positive at +20, off high +50 ahead of Ben meeting this weekend.

Tech cut loss, remains bearish and look eager to retest year low 1427, before any significant rebound. A break dw below the ascending triangle band will trigger fresh round of selling but seen bottoming out at 1400 for short term bounce. Upside target is lowered to 1460

Fcpo wrap...setting the stage for bearish run in Sep

2011-08-25T18:00:00.001+08:00

Bears goes into assault mode in PM after 3020 support breaks. Fcpo is ready for 2900 in the next two days, 2900-3000 lower ranges. But unlikely to create major breakdw moves before Raya.

Alternating between –ve and +ve bias lately but lacking the necessary follow through., therefore keeping mkt in sideways range for the past few weeks. Further weakness tomorrow could set the pace towards 2900 and a fresh leg dw towards 2800 in Sep

Fkli wrap...bearish follow through..thanks to CIMB

2011-08-25T17:16:00.001+08:00

CIMB and AXIATA…whatsup… heavy selling pressure after strong quaterly result. Tougher environment ahead ?, Raya sales ?, election funding ? Fundamental +ve, technically bearish.

Going against regional trend, fbm tumbles on selling pressure in PM, like yesterday. Regional near +1.5%. EU +0.5% Djf +30

Tech bearishness widens, with upside seen limited near 1480 and dwside risk towards 40 for the remaining Aug . Recent failed attempts to cross back above 1500 seem to indicate bearish tone in Sep, targeting 1400.

75% of Fkli vol from roll activities,

Fcpo wrap....boring and clueless.....

2011-08-24T18:07:00.001+08:00

A very ranging and quiet day. No upside follow through amid weaker external front and fcpo conveniently stuck in a neutral range. It remains upward bias, above 7SMA and 2-week uptrend line.

A breakout above 3080 could initiate a fresh upward move towards 3150. Above 3000 is upward bias tone this week

Fkli wrap.. bearish PM..cutloss selling

2011-08-24T17:17:00.001+08:00

Both fbm.fkli drop 20p in PM alone. Steady Djfut and EU in late Asian hours fail to inspire bounce. CIMB AXIATA and MISC the main culprits….cashing out ahead of Hari Raya ? HS also a major drag in PM, from -160 in AM to -420 for the day. Insurance companies weak on poorer result

Technically, fbm.fkli is back in bearish zone, a quick reversal from yesterday’s positive outlook. Further weakness tomorrow could set fresh dw trend towards 1420-30 and bye bye to 1500 in Aug.

Below 1470 is bearish .

Fcpo wrap....breakout above 3080 this week ?

2011-08-23T18:01:00.001+08:00

Back to recent upper range on follow through momentum after crossing back above 3000 yesterday. Commodity takes +ve tone on talk of China buying this week.

Attempting a breakout higher above 3080 again. Bullish if above 3040, targeting 1-mth high sideways range of 3080-3180.

Fkli wrap... heading for 1500....

2011-08-23T17:16:00.000+08:00

China manufacturing data in Aug, better than July, helps to lift equity sentiment and sparks bargain buying, with resources stocks leading the pack. +1.5% to +2% are the norms, with strong gains in PM after a cautious AM. EU +1.5%. DJfuts +150.

This raises the chance for more tech bounce as mkts seen bottoming out in the short term after today’s actions and ahead of Ben’s statement on Fri.,QE3 ??.

Fbm.fkli looking good to test 1510-20, before Hari Raya breaks. No major fresh sell signal for the rest of the mth if above 1470 and bullish if above 1480

Fcpo wrap....band-aid for bulls...

2011-08-22T18:02:00.002+08:00

Fcpo regains back above 3000 on stronger commodity tone across the board. A gap up opening helps to alleviate fears of a move towards 2900 and set the tone higher today in a quiet and tight range day.

But market has yet to offset recent –ve tone as fcpo continues in sideways tone. A closing above 3050 would chase away last week’s dark cloud. While fresh bears seen under 2990.

Fkli wrap...no fresh sell signal but fbm not so lucky

2011-08-22T17:16:00.003+08:00

Fbm bearish all day but regional produces clueless swing with early gains near +1% but turn cautious and dips to -1% ahead of lunch break. While a weaker start in PM, to -2%, mkts bounce sharply in late Asian hours following EU +1.5% and Djfuts +80.

Fbm off lows but remains deep in red due to –ve newspaper report over the weekend ? but fkli carry forward premium stance amid +ve externals.

Technically, fkli remains above breakdw lvl but not so with fbm. Unless fbm recovers back above 1480, fkli is in danger of following fbm shadow, targeting 30-80 trading range.

Fcpo wrap.. the calm"est" of all... -ve tone but no big trend

2011-08-19T18:02:00.004+08:00

Agri product remains calm, in negative bias tone amid external conditions. Safe haven commodity like GOLD, +4% heading towards $2000 mark. But speculative products like CO,tumbles -7%.

Fcpo ventures back to –ve zone again but not yet bearish as it remains above 2900. Dwward bias if under 3020. A breakdw below 2900 could see a big dw trend move towards 2750+.

Fkli wrap...breakdw fear towards 1430 next week...

2011-08-19T17:25:00.003+08:00

Regional extend losses in PM after EU runs red again, -2%. Djfuts dips towards -200 from -100 in AM, KOS -6% as car exporters hit hard on fear of US slowdown. HS -3%. SH only -1% despite DB dwgrading China eco growth outlook.

Fbm.fkli also suffer tech selling pressure, following a gap dw opening below 7SMA. A weak Mon , a violation of the upper horizontal line, would see a lower trading of 1430-1480. Both finish the week with dwward bias despite spending most of the week testing resistance mark.

Fcpo wrap...3000 survives another day....

2011-08-18T18:01:00.003+08:00

Another sideways day, -ve day amid a lack of gains in the commodity mkt plus weak equity tone. But, prices remain in recent 5-day familiar ranges

No fresh tech signal on daily basis. But with 7SMA support catching up, bulls must push for a strong closing tomorrow, at least above 3050. Otherwise, it looks like a dwward bias tone next week. Below 3020 is, negative tone tomorrow. If so, can 3000 hold ?

No major trend seen if mkt stuck within 2900-3080.

Fkli wrap....fighting for direction....upward tone remains

2011-08-18T17:19:00.002+08:00

Fbm turns +ve on preclosing 5p push. Already steady tone during the day despite weaker externals. Regional -0.5% AM and extends it losses to near -1.5% by late PM after EU posts -2% losses. Djfuts does –ve from start and scale lower all day, between -50 to -180.

Fbm dips under 1500 in PM but finds support at 97 b4 jumping back above 1500 in the preclosing phase. Fkli stays cautious but maintains tech positive outlook. Breakout range is narrowed to 1488-1500. In the mean time, upwards bias as > 7SMA. or 1480 in general.

Fcpo wrap..upside remains intact.. 3000 survives.

2011-08-17T18:02:00.000+08:00

Strong interest after a breakout above 3020 in PM, 4pm. . Tug of war begins as bulls try to clear 3050 hurdle, taking advantage of strong support at 3000 today. However, selling pressure seen near Tue’s high levels.

Neutral day but still a good news for bulls as 3000 remains a support despite Tue’s negative performance. Waiting for a breakout from 3000-3080 sideways range, an indication for the next short term moves.

Fkli wrap....scaling higher tomorrow

2011-08-17T17:30:00.000+08:00

Regional mixed in AM but weaker tone in PM after EU opens -1% amid fear of fresh tax on financials transactions. This drags HS off highs near +1% to flat b4 closing with +0.5% gains. Djfuts stays within 0 to -50 range today.

Fbm manages to keep its head above 1500 in a quiet day while fkli remains cautious but fends off yesterday’s bearish tone and stays in technically +ve zone. Both trade within Tue’s range.

A strong opening tomorrow could provide the impetus towards 1510+. Upward bias if fbm >1497.and above 7SMAs.

Fcpo wrap....down but not out yet, the bulls

2011-08-16T18:01:00.003+08:00

No breakout higher but instead stuck in neutral zone. A weak closing but not enough to harm bulls momentum yet. Mkt is back to sideways play, 3000-3100, with upward bias if > 3000 o new benchmark Nov11 contract, riding on recent upward thrust.

Fkli wrap.. bad day but still in bulls zone

2011-08-16T17:18:00.001+08:00

1500 toppish, first setback for bulls after 5-day of bound. But yet to make a major dent on the chart outlook. External cautious despite DJ +200 overnight. Tone gets weaker in PM after EU dips -1% on weaker Germany 2Q GDP, +0.1% vs est +2.7% . DJfuts at low of -100 in late Asian hours.

Fkli maintains wide discount at closing , no catching up like yesterday. Both fbm.fkli remain above immediate short term support, 7SMA. Therefore, upside target 1515-20 still intact.

Fcpo wrap......knocking on strong resisitance 3160+

2011-08-15T18:04:00.003+08:00

A runs towards short term resistance. A crossing above 3100 tomorrow is fresh bullish sign as mkt is likely to reach for the recent high near 3160+. Bullish if mkt stays above 3030

Fkli wrap....heading towards 1500-1515

2011-08-15T17:20:00.003+08:00

Equities strong bounce lead by HS, +400 to +650, DJ futs. +50 to +60 and Japan’s better-than-expected 2Q GDP from get go. Additional support with EU +1% in early Asian hours, extending Fri’s +3% rebound mode

Like the rest, fbm moves in a one-way direction, north and capping off with a 2p preclosing finale to fnish at day’s high. Fkli, a bit shaky in early trades b4 catching up in late trading, reducing its discount by half.

Technically, more bounce is expected towards short term resistance near 1515-20 this week. Positive outlook if mkt stays above 1480.

Morning srart...fkli firm 1483-85 fcpo firm 3030-40

2011-08-15T08:31:00.004+08:00

DJ +1% on Fri on strong economic data and earnings, Plus, France and Germany leaders are to meet to discuss debt pblm. EU rebounv 3% Fri.

Regional +1%. Djfuts +60. Commodity firmer tone, near +1%. US$ weaker except to Yen. US 10-y bond still see strong demand. Yield drop to 2.27% dw -3%,

Fkli bounce tone, weekly buy if a closing above 1480 today. Upside target 1490.

Fcpo SO +1%. 3000 is safe, giving bulls incentive to push fcpo towards 3050. Major target is 3075-80 , short term resistance,

Fcpo wrap..in position for more bounce ..

2011-08-12T18:03:00.002+08:00

Despite selling pressure at higher end, fcpo finds support from yesterday strong bounce momentum. A weak closing but it crosses back above 7SMA and likely more rebound next week, at least testing 3100.

Market is seen sideways if stuck within 2900-3100. with upward bias tone if above 2980

Fkli wrap..more bounce seen next week

2011-08-12T17:21:00.000+08:00

Equity cautious to the upside, playing out recent sharp losses.

Regional +ve in AM, +1% but off highs in PM to flat on EU weak first hour, -1%.

EU, however, turns +1% after 4pm. Djfus also recovers its losses of -150p but maintain near AM lvl -50 in late Asian hours.

Fbm stays in +ve zone, 1480-90 range in tight range day after 4 days of volatile trading. Fkli , however, seems “reluctant” and fails to make strong impression at 1480s. Wide discount in early PM b4 recouping some losses after EU +ve run

Next week, above 1480 is further bounce towards 1520 target. A closing under 1470 would reignite recent this week dwward momentum., targeting 1420.

For a thought...... whats next after steep losses...

2011-08-12T09:27:00.006+08:00

1987 - steep losses ( worst), double bottom 1-mth later, then upward consolidation for 7 mth.

2008 - steep losses (worse), fresh low 1-mth later n drift lower, bottoming 4-mth later, then strong bounce

2011 - steep losses (bad), 1987 or 2008 ? Either way, no major upside for the rest of 3Q.

Morning start...fkli strong 1480-83 fcpo strong 3000-20

2011-08-12T08:22:00.002+08:00

DJ +400 driven by a report showing jobless claims fell to a four-month low, and by Cisco Systems' better-than-expected guidance for the current quarter. EU +3% . Both recoup most of Wed losses.

Regional +0.5% a mute reaction as regional only mixed to -1% yesterday despite US/EU on Wed. DJ futs -30. Commodity higher. US$ mostly higher by +0.5%. CO +3%

Fkli can target 1491 ,Trading range is seen at 1480-1500 but likely to finish off high of 1500, if any, and settles near 1490,Mostly likely 80-90 range. Positive for the day as long as fbm > 72.

fcpo SO +2% looking good for 3000-3050 range , with further gain next week if it can finish above 3000 today. Above 2980 is positive tone today.

Fcpo wrap....targeting 7SMA resistance...

2011-08-11T18:04:00.004+08:00

Positive tone in AM and strong bounce in PM after EU opens with +3% gains. Technical momentum and short covering lift fcpo towards 3000.

Fcpo is seen attempting to break 7SMA resistance tomorrow. If successful, next target is 3050-60. Like fkli, it will likely end the week on rebound mode Above 2950, no longer see dwtrend momentum.

Fkli wrap....towards 1500 tomorrow

2011-08-11T17:22:00.000+08:00

Shaking off Europe dwgrade fears. Equities post strong bounce in PM after EU opens near +3%. Earlier, regional takes support from a strong DJfut near +150, to trade near -1% in AM, in cautious but no panic.

Fbm.fkli finish the day at top range but fail to cross into +ve territory. However more bounce is seen, towards 1500 tomorrow. Rebound tone if > 1460.

Fcpo wrap....2900 breakdw looms...

2011-08-10T18:01:00.002+08:00

Commodity recovers slightly on weaker US$ tone but overall sentiment remains bearish as fear of another US recession is still running high. Bears are cautious of another QE moves after Fed casts dwbeat outlook on US economy.

Fcpo take –ve stance after a gap up opening and the first 40 mins run up. A still high stocks data as of end of July, 1.99m toones/-3% from Jun, pull price lower in PM. No fresh year low either. Mostly 2940-60

Fkli wrap.....storm passes... picking up the pieces....

2011-08-10T17:19:00.004+08:00

Higher in AM session but off high tone in PM as mkts remain cautious for a lack of DJfuts +ve moves , -60 in late Asian hours. Plus EU only posts small gains near +1%.

Cautious sentiment is here to stay this week, do not expect a reversal move with sell on rebound capping upside this week. But still plenty of room for tech bounce. Mkt is seen iching higher towards 1500 or to consolidate around 1460-80 range.

At a glance...MPOB July....not much

2011-08-10T16:07:00.001+08:00

higher export momentum and off high stock fail to inspire FCPO PM session as weaker commodity tone on fear of US double dip recession takes centre stage

Morning start...fkli strong 1470-80 fcpo firm 2950+

2011-08-10T08:29:00.004+08:00

All reobund. DJ +400 despite Fed dw beat outloook on US economy. EU +2%. Commodity +2%. US$ weaker.

Regional +2%. GOLD remains at record lvl. CO +2%

Fkli firmer tone near 1480 in initial trades, with chance of seeing 1520. Dwside seen limited at 1450.

FCPO SO +1%. a relief for bulls but fcpo is unlikely to escape bears grip. Above 2935 is intra day +ve tone.

Fcpo wrap.. further weakness seen..

2011-08-09T18:08:00.003+08:00

Another day under 3000 means more bad news for bulls . Mkt is seen heading for 2850-2900 before bottoming out, this week.

Rebound tone in PM fail to clear 3000 mark and mostly stagnant near 2950 after that. Like yesterday, late selling activities - to be exact last 20 seconds today – pull fcpo to intra day low from 2950 to 2920

Below 3000 is super bearish.

Fkli wrap....ready for bounce this week..

2011-08-09T17:16:00.005+08:00

Another roller coaster ride, mkts dive in AM , with fbm.fkli -50p, KOS -10% HS -8%, DJfuts -200. Then strong rebound in early PM before EU opens following Djfuts +200 and KOS clsing with only -4% losses after lunch break. Fbm crawls back to Mon’s low, fkli briefly positive, HS only -3% at one point…..but

But selling activities resume after EU fails to inch higher, despite a firmer first 30-mins, and tumbles almost 5% in late Asian hours. HS reverses its rebound mode to finish the day -6%. Djfuts also give up gains to settle near -50 at 5.15pm. Fbm.fkli find support near 60-70 range after intra-day highs hit in early PM.

Positive candle on intra-day basis, “wanting to rebound” targeting 1510 short term dwtrend resistance, dw from 1530. No major fresh sell signal if >1450, aim for rebound for the rest of the week.

Morning start...fkli bearish 1460-65 fcpo weak 2970-80

2011-08-09T08:25:00.005+08:00

DJ -600 near 7%. EU -4 to 5%. Commodity slump except GOLD, +2%. CO -4%. US$ stronger though.

Regional dw near 4%. DJfuts -70.

fkli has to price in a far worst than expected losses in DJ. Another round of selloff with hit n run buy chance. 1450-1500. fbm.fki are likely to find support for the day near 1450 , with trades around 1450-80 but knee jerk sell stops towards 1420-30

Fcpo SO -1%. Tech bearish as under 3000 plus a selloff in equity tone, more bears play today. 2940-3000.

Fcpo wrrap...tech see fresh dwtrend 2850-3000

2011-08-08T18:06:00.000+08:00

Fresh leg dw on selling in last 30 mins after sideways within Fri’s range for most of the day. Negative tone amid weaker commodity tone and equity selloff.

Renewed bearish this week till mkt regains 3020. Till then it is a new short term dwtrend move towards 2850.

Fkli wrap......hit and run buy if > 1480

2011-08-08T17:17:00.003+08:00

Selloff after 1500 breaks and stay very bearish in AM b4 some recovery in PM, taking cue from a small -1% losses in EU. Regional and Djfuts also recover after EU opening. Both off 50% from lows but remain deep in negative.

Bearish but bounce is in the card if DJ does better than “-150’ tonight. Next major upside target is 1510 if a bounce mode.

Morning start...fkli weak 1520-25 fcpo weak 3020-30

2011-08-08T08:24:00.004+08:00

DJ +60 Fri on job data support and b4 S&P dwgraded US debt in late Fri.

First day after S&P dwgrade Regional -1% Dj futs -200/-2%. Weak US$ but commodity softer tone on recession and financials fear factor. CO -2%. GOLD at record high. US 10Y yeild -4%.

fkli kneejerk sell, finish the day off lows but remains in bears zone. 1510 again looks good as a support with initial trades near 1520 expected. Major fresh bears signal if both fbm.fkli break 1510.

fcpo SO -1% no incentives for upside follow through but critical support 3000 is likely to hold. Below 3020 is bearish tone

Fcpo wrap....fresh dwtrend next week ?

2011-08-05T18:01:00.003+08:00

Big cap dw opening but rebound mode after first 10 mins into trading. Upside limited on sell on rebound near the lower band of recent sideway range.

One step closer towards a fresh trend - dwtrend under 3000. Not the case yet but risk increases if fcpo continues to stuck under 3100 next week. Next target is 2850+.

Below 3000 is major sell signals as new trend indication after sideways for so long. Immediate resistance is lowered to 3080-3100

Fkli wrap...recovery mode in late PM but bearish trend

2011-08-05T17:16:00.002+08:00

Pricing in global double-dip recession ? or an extension of EU bond plbm as EU financials report 1H losses on Greek impairment.

Regional marginally off day’s low but remains deep in red, near -4%. EU -2% while DJfuts bounce off -150 lows at -50 in late Asian hours.

Fbm.fkli sharply off lows and finish near day highs. Both trade below 100 and 200 SMAs. Fresh bears next week if under 1510 targeting , 1480 year low lvls. Otherwise, mkts are poised to bounce first, targeting major resistance 1540.

Morning start...fkli bearish 1520-30 fcpo weak 3080+

2011-08-05T08:36:00.005+08:00

DJ plunges -500/-4% on economy slowdw fear. EU -4%

regional -4% Djfuts -11. Commodity takes a tumble too. CO -5%. GOLD -1%.

fkli mostly seen at 1520-30 range with risk of kneejerk towards 1510.

fcpo SO -2%, risk of breakdw under 3080, targeting 3000.

Fcpo wrap...16-day sideways....this time in bears favor

2011-08-04T18:02:00.002+08:00

Keeping its sideways tone but lower band amid weaker commodity mkts on fear of a new recession in US.

No breakout scenario, stuck within 3080-3140 range. This week bet of a breakout higher is over, with high risk of a bearish closing tomorrow, under 3100 if SO does not rebound tonight, risking a new leg dw under towards 3000-3080 next week

Fkli wrap.... sell on rebound tone...

2011-08-04T17:16:00.002+08:00

DJ overnight bounce and DJfuts +ve tone on QE3 talks fail to inspire regional sentiment. Regional steady in AM, near flat but back to –ve play in PM on HS leads, towards -1%. Generally, weak to mixed tone today.

EU firmer but near flat. DJ futs flat in late Asian hours, off AM highs, near +50.

Fbm.fkli fail to clear 1550 resistance in early attempt but also maintain above 1540 in PM despite weaker regional. It, therefore avoids fresh –ves signal but remains bearish. 1540 seems strong support this week and possible fresh leg dw next week if mkt does not regain 1550 resistance tomorrow.

Morning start...fkli firm 1545+ fcpo soft 3110-20

2011-08-04T08:25:00.003+08:00

DJ+30 , sharply off early lows near -170 on report of possible fresh stimulus, QE3. EU -2%.

Regional near flat. KOS -1%, already dw 5% this week so far ??. US$ weaker. Commodity softer tonn, near -1%.

fkli 1545-50 play, bounce tone if fbm > 45. But unlikely to reverse dwtrend tone.

fcpo SO -1% a setback of bulls as no encouragement for upside follow through to create a breakout higher. Back to defensive and sideways, 3100-3140. ......boring

Fcpo wrap..,15-day sideways but close to breakout higher

2011-08-03T18:01:00.000+08:00

Almost a breakout higher but not to be, probably due to weak equity sentiment or seriously waiting for MPOB stock data for July due on 10th. Hopefully not the latter as it will be a long wait….

Anyway, back to bullish play, above all short term SMAs and waiting for confirmation tomorrow with a taste of 3150-3200 range, if any.

Fkli wrap.....escapes 1540 breakdw but risk remains

2011-08-03T17:15:00.002+08:00

Equity tumbles in AM following DJ big drop, on a 8-day losing streak as fears of economy slowdw amid weak manufacturing and consumer spending wipe out debt deal feel good factor.

Regional near -2% in a swift drop, the first hour of trading and remains deep in red for the rest of AM . Steady in PM but no significant bound despite stronger Djfuts +60 in PM EU near -1% .

Fbm.fkli in better condition in PM, recovering from a fresh bears zone, under 1540. Fkli finishes near day’s high but remains in dwtrend zone, under 1550. No significant upside seen for the remaining week...sideways to breakdw.

Morning start...fkli weak 1543-45 fcpo firm 3130-40

2011-08-03T08:26:00.004+08:00

dJ -250, stocks plunged on Tuesday as fears about a weak U.S. economy were enflamed after investors got another disappointing economic report - this time on consumer spending

regional near -2%. Commodity mixed. CO -1%. Gold at record high. US$ strong, 10-y bond strong. demand, yield dw.

fkli 1540 is back in play, 40-50. Knee jerk under 40 yes, ttowards 36, but likely to finish the day within 40-45 range. Under 45 is bearish

fcpo SO +1% back to upper range but a breakout higher given equity lousy tone ?. US$ stronger by almost 1% against RM, a favor bias to the bulls. 3130-3160. Above 30 is bullish.

Fcpo wrap...another meaningless day...

2011-08-02T18:09:00.002+08:00

Same range as Mon, sideways again…14 days in a roll and counting….

So far, 3100 resilience this week but no strong upside momentum amid mixed commodity tone.

CO -3% on weak US manufacturing data and strong US$ against Euro in early Europe trading

Fkli wrap...setback for bulls but no major damage yet

2011-08-02T17:17:00.004+08:00

US debt deal done but weak US manufacturing data put a sudden brake to recent relief rally. Regional near -1% , mixed after 2-day of trading. Fbm struggles but steady, remains near Mon’s top range.

Fkli fares worse, amid weaker externals in PM sesison. Mostly under 50 after hitting sellstop under 50 in early PM session. But technically, a sideways day.

So, despite strong effort yesterday, the bulls are not out of the woods yet, > 40 safe but < 60 remains cautious. However, short term bounce tone remains intact, at least targeting 60-70 this week

Morning start...fkli soft 1553-56 fcpo soft 3110-20

2011-08-02T08:34:00.005+08:00

DJ -10, a weak manufacturing report quickly deflated that debt deal optimism -- leaving stocks little changed as investors await a House vote. EU -1%.

Regional near -1% amid weaker than expected DJ. Commodity mostly lower. US$ mixed. US 10-y bond demand remains strong. CO -2%

FKli still good for 50-60 but likely defensive start, in and out of 55 first. No fresh +ve if under 60 and dwward bias amid weak external.

Fcpo SO -0.2% strong Mon but no encouragement from SO today. Sideways, 3100-3140 range. -ve tone if under 3120 today.

Fcpo wrap...sideways, wait and watches.....

2011-08-01T18:02:00.002+08:00

Very tight range and upward bias in line with the rest of commodity mkts amid a weaker US$ and equity bullish tone.

Fcpo escapes a breakdw, under 3080 , by recapturing 3100 mark. But weak follow through and mkt remains in a 2-week comfort zone of 3080-3140. Back to upward bias after two days of –ve sentiment.

Fkli wrap....more bounce in the card if above 50

2011-08-01T17:18:00.003+08:00

Equities rebound on US debt deal news in early Asian hours. Regional/DJfuts trade mostly near +2% after the news but off highs in PM to finish near +1%. EU near +1%.

Fbm strong the first hour and stagnant near the high 56-58 for the rest of the day. Fkli takes discount stance in AM before catching up with fbm in PM. Both stuck near 7SMA resistance. But upside potential towards 70 this week if it sustains above 50.

At a galnce ...BMD mthly turnover and demography

2011-08-01T09:43:00.004+08:00

At a glance...July performance and ytd.....%

2011-08-01T09:17:00.004+08:00

Commodity generally bullish in July, except coffee ??., either a safe haven play and the effect of a weaker US$ amid the debt issue. Grains top the list on weather and weaker exports to China.
Equity takes the heat in the 2nd half of July amid a stalemate in debt talks.

Morning start..fkli firm 1544-48 fcpo soft 3080-3100

2011-08-01T08:32:00.005+08:00

DJ -90, worst week in a year as the wait for a debt deal continues. 10-y bond yield at 2.83% from 2.93%, still good demand for US bond.

But regional already staging a relief rally in early Mon as hopes grow, +1% to +1.5%. US$ weak but commodity mixed, flat

fkli with strong externals, fbm.fkli can target 55-56 resistance today. 45-55, upward bias tone likely on rebound mode as mkts convince of a debt deal by 2 Aug.

fcpo SO -.0.3%. No incentive for a clear direction. but +ve equity tone could push fcpo back up 3100 again. 3080-3120 is sideways play. Below 3080 is bearish.

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

2011-07-29T18:02:00.002+08:00

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

2011-07-29T17:19:00.003+08:00

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

2011-07-29T08:30:00.006+08:00

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

2011-07-28T18:00:00.000+08:00

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

2011-07-28T17:16:00.001+08:00

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

2011-07-28T08:29:00.004+08:00

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

2011-07-27T18:01:00.003+08:00

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....

2011-07-27T17:20:00.002+08:00

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!!

2011-07-27T09:57:00.004+08:00

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

2011-07-27T08:34:00.004+08:00

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

2011-07-26T18:38:00.001+08:00

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

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

2011-07-26T18:01:00.002+08:00

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

2011-07-26T17:15:00.001+08:00

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

2011-07-26T08:32:00.006+08:00

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...

2011-07-25T18:01:00.002+08:00

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

2011-07-25T17:17:00.005+08:00

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

2011-07-25T08:34:00.006+08:00

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.....

2011-07-22T17:57:00.002+08:00

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....

2011-07-22T17:16:00.002+08:00

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....

2011-07-21T18:01:00.002+08:00

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?

2011-07-21T17:16:00.003+08:00

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

2011-07-21T08:20:00.006+08:00

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

2011-07-20T18:02:00.003+08:00

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

2011-07-20T17:17:00.001+08:00

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...

2011-07-18T18:01:00.004+08:00

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

2011-07-18T17:20:00.003+08:00

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

2011-07-18T08:33:00.003+08:00

-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

2011-07-15T18:07:00.000+08:00

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...

2011-07-15T17:16:00.004+08:00

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

2011-07-15T08:40:00.003+08:00

-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

2011-07-14T18:02:00.002+08:00

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

2011-07-14T17:16:00.002+08:00

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

2011-07-14T08:32:00.005+08:00

-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

2011-07-13T18:01:00.002+08:00

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

2011-07-13T17:16:00.001+08:00

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+

2011-07-13T08:35:00.005+08:00

-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...

2011-07-12T18:02:00.005+08:00

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.....

2011-07-12T17:16:00.001+08:00

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

2011-07-12T08:30:00.004+08:00

-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...

2011-07-11T18:00:00.001+08:00

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

2011-07-11T17:16:00.004+08:00

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

2011-07-11T16:22:00.002+08:00

kwailow up up up

retail dw dw dw

*** 2011 is up to May11

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

2011-07-11T12:49:00.005+08:00

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

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