Tuesday, January 04, 2011

Fkli wrap....new uptrend range 1560-70 this week...


-SIME, IOI give the initial charge, banks follow suit in PM, pushing to new heights. Post new year or pre CNY rally....just like 2008…but hopefully ends well too!

-external strong. SH starts 2011 with +1.6%, HS +200. But , Europe/dj futs flat and quiet. FTSE starts 2011 +80 in early trades, catching up with Mon’s mood.

-Fkli early cautiousness but eventually takes heed of fbm bullish tone after 9.30pm. All the way up since then . Profit take mode every 10p gains, it seems. Both Fkli/FBM in uncharted space.

-tech breakout, from uptrend to “steeper uptrend”, raising lower band from 1510 to 1530.

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