At a glance...BMD vol and OI

BMD total vol up +13% in Oct at 526k lot, the fourth highest mth this year.

Morning start...fkli firm 1505-10 fcpo strong 3070-85

DJ and Europe flat on the last day of a strong Oct....awaiting Fed QE details Tue/Wed, Oct job data Fri.

8.30 : DJ futs +50 but regional mixed, NK -0.5% on strong yen KOS +0.3%. Commodity mostly higher, +0.5% on weak US$.

fkli : strong expectation to test fresh high, 1510+. Immediate resistance is raised to 1505, followed by 1500.

fcpo : SO +1%, enough to put fcpo back to last week's high mark, reinforcing a 3050-3010 trading range. But a breakout above 3100 ?. Above 3085 is fresh bullish tone.

At a glance : Nov10 perfomance

Fcpo wrap...+56 this week...eye 3100-3200 next week

Stagnant day, holding above immediate support lvl despite SO 2% losses. Player takes sidelines stance, prefer to wait for a brand new week, a brand new month.

Technically, fcpo uptrend remains intact but must cross above at least 3070 to bring in fresh momentum next week, for a new higher band of 3100-3200. Immediate support is 3050, followed by 3000.

At a glance : Nov10 mthly/ytd % chg... fbm hero

above credit crisis lvl.

SH strong bounce in Nov10..catching up with little tigers.

Malaysia topping the chart in comparison with mature mkts. But, laggard, if compares to emerging eco...like Thai, Indo, Filipina....all ytd near double of fbm gains

Fkli wrap.. +11.5 this week...internally bullish ..1540+

Strong reversal in PM on fbm sudden rise after 3.45pm on CIMB GENTING lead, while external remains pretty much the same –ve tone but off lows. Europe/Dj futs also minus but near flat line.

Fbm adds around 4p in the preclosing phase to finish at high and above 1500.


Despite so much “negativity” AM and early PM session, a strong rebound put bulls back into control and perform another run next week. So, if market can break 1510, a new trading range will likely to emerge, 1500-1550 generally.

Above 1500 is bullish.

Morning start...fkli firm 150-03 fcpo soft 3060-70

DJ -12 still sideways ahead of GDP data today and Fed meeting next week. Europe +0.5%

8.25 : DJ futs -3. Regional takes -ve tone. NK -1% KOS -0.5%. Commodity also quiet, -ve, within -0.5%

fkli : like Thu, fkli seen steady first till fbm opens. but looks like profit take day, with support seen near 1495+. upside seen stuck within 1500-10 range.

fcpo SO -0.5%. maybe no attempt at 3100 but likely to float above 3050 too. profit take and new moves next week. Below 3080 is sell tone.

Fcpo wrap..back to bullish gear...3100 top this week

A slow start but eventually tracks SO big gains in PM session. Fcpo sentiment turns +ve again after a reversal of early weakness and a climb back above 3050 on fresh buying interest betting on the next round of uptrend.

Fcpo is likely to secure a strong closing, above 3050, this week to ensure a strong start tone in Nov. To the upside , profit take is likely to limit strong gains above 3100 tomorrow.

Fkli wrap...another +ve step..finish above 1500

Quiet and all the same, within Wed’s range. Fbm still struggle to get above 1500 without strong external. GENITNGs in profit taking mode. Fkli survives on external feel good sentiment as DJ futs points to a +ve mkt tonight. Europe +0.8%.

A strong finish tomorrow would seal a new higher trading range, 1510-1540, in early Nov. Immediate support is raised to 1500 while trend support remains near 1490+.

Morning start...fkli firm 1497-99 fcpo strong 3050-60

DJ -40, with technology shares posting small gains, as investors lowered their expectations for an aggressive move by the Federal Reserve to stimulate the economy. Europe -1%.

8.15 : DJ futs 0. Regional softer, -0.3%. Commodity mixed. CO +0.5% GOLD -1%

fkli : DJ/europe losses kind of priced in yesterday. fkli seen steady at +ve zone first, >96.5, but unlikely to break above 1500 till fbm shows some strength, > 1500. Till then still a dwward bias risk targeting 1491-92. Strong external needed to sustain makt at 1500-1510 range amid profit take pressure.

fcpo : SO +1.3% currently, putting fcpo back to 3060-70 range. fcpo seen opening above 3050, reversing Wed's -ve tone and could encourage an attempt at 3100. Above 3040 is the end of recent pullback tone.

Fcpo wrap...reaches support lvl..time for bounce?

No choice but to go defensive as weak SO prices extends Tue’s weak sentiment. Pofit take continues but bargains help to protect fcpo from taking out 7SMA support line.

Downside resilience is a good sign for fcpo bulls and would seek any chance to resume the mkt current uptrend after 2-day of pullback, once fcpo is back above 3050. Immediate support is raised to 3020.

Fkli wrap...neither convicing nor big setback

Could have been above 1500 if not for HS sharp losses on China moves to limit capital flow. Fbm.fkli, already off high in AM session, stays defensive again in PM as SH tracks HS losses and Europe -1% losses. But no real damage. fkli in-and-out of 1500.

Trading range is raised to 1490-1510 for the rest of the week. Fbm.fkli looking good to reach record high mark next week if can sustain above 1500 by end of this week. Weekend and mth –end profit take interest are likely to limit fkli gains in the next to days.

Morning start...fkli firm 1497-00 fcpo firm 3060-80

DJ +3, Europe small gains...no moves ahead of US 32 GDP Fri.

8.30 : DJ futs +20. Regional within +0.5% postive tone. commodity flat, steady despite strong dollar.

fkli : likely to test 1500 but will have to wait for fbm opens. Bullish tone if > 1495.

fcpo : SO +1%. this would lift fcpo back to its high near 3080, with 050-60 looks good as support targeting 3100.

Fcpo wrap....correction but uptrend remains..

Pullback tone from get go amid SO weakness and minor tech breakdw in afternoon session, under 42. Commodity all quiet today after a sprint yesterday.

Trading sell, if under 3070, and bargain seen near 7SMA. Uptrend momentum remains intact, therefore, shorts must quick to reverse if fcpo > 84

Fkli wrap...year highest closing...1500-36 coming

Weak AM and surprisingly strong in PM, reversing early –ve tone and manages “parking” near respective resistance lvl. Fkli re-take premium stance in late PM on fbm’s strength, plantations, GENTING strong despite softer regional-0.3%, Europe -0.8%, Dj futs -13.

Fkli is taking overnight-bet of a breakout above 1500 unless external deteriorate sharply as fbm looks “promising” – white candle and best closing since hitting year high.

76% of Oct10 contract vol is derived from the rolls.

So, tomorrow is the start of 1500-1540 range…? Immediate support is raised to 1490

Morning start...fkl firm 1493-96 fcpo soft 3060-70

DJ +30, Stocks climbed to 6-month highs Monday after a report on housing sales came in much better than expected..CNN. Europe flat, +0.1%.

8.30: sentiment seems mixed. Dj futs +1. Regional flat but softer stance. Commodity also softer after sharp gain yesterday. CO -0.5%. GOLD steady, 1341.

fkli : firm tone again, near 1495 till fbm >1493. a breakout above 1500 ?...still remains a question mark.

fcpo : SO -0.5%. Fcpo seen testing Mon's low, near 3050. Dwward-bias if < 3070, pullback risk targeting 3000.

Fcpo wrap..fresh bull run....near 3100 already.

Another big gap up, as commodity jump on the back of weaker dollar ahead of Fed QE2 next mth. Or maybe China buying.

Fcpo outperforms SO on fresh tech buy after surging above last week’s high. Immediate support is raised to 3050, targeting 3050-3100 first till 7SMA catches up.

Fkli wrap.... z z z z z

GENTING drags fbm, fbm drags fkli. Fri’s repeat. But both fbm.fkli see better support today on plantation stocks and HS (+100) /DJ(+60) futs strong gains throughout the day. But surprising, fbm upisde is so limited today.

Fkli so quiet....trading interest trns to Fcpo. 1490-1500 …how to trade-lah?

Technically, neutral , maybe a slight improvement as above 1490 . Fkli toppish near 1500 while Fbm topish near 1495. A waiting game….like waiting for KTM train…always surprise you.

Morning start...fkli firm 1487-91 fcpo firm 3000-10

DJ -14 fri but ends the week on gains, supported by earnings and anticipation of Fed QE2 in Nov. Probably the same themes this week. Market seen supported if not higher ahead of 3Q GDP data on Friday, mid term election Nov2 after G20 says global economy is recovering.

8.25 : Dj futs +20. Regional +0.5%. Commodity quiet but firm GOLD +1%, CO +2%.


fkli : defensive again ? fkli is likely to just hang round till fbm cues on a breakout from 1488-91 range. Below 1488 is -ve. And fkli needs to clear 94 resistance to reverse last week poor finish.


fcpo : SO +0.1%. enough to offset newspaper report over the weekend on rising production ? fcpo is generally bullihs if > 3000 but must cross 3010-20 range to initiate fresh bulls. While dwisde risk is seen at 2960 if 2990 fails to hold today.

Fcpo wrap...+77 this week ...ripe for 3000-3100

Range bound but +ve tone, near 3000 as bargains offset profit take activities. First closing above 3000 since 31st July 2008.

Fcpo maintains a strong posture, targeting 3000-3100 next week. Next week major fresh breakout lvl is 3021. To maintain its uptrend, fcpo must stays above 2950-80 support band early next week.

Fkli wrap...+5.5 this week.. but toppish, cautious still

Not only fbm.fkli fail to make an impression at 1500, both also struggle at support level. Toppish in AM on GENTING, weaker in PM after Europe produces a -0.5% performance, dragging both DJ ( -10) and HS ( -131) into –ve again.

Fkli very thin vol, no incentives to test 1500 amid weak fbm tone after the first 15 mins. Profit takes continues.

Fbm.fkli finish the week with gains but tech outlook is not so comforting – no momentum or “desire” to maintain a strong “feel” targeting record high lvl yet. A sideways condition…1470-1500 jinx ?. ..no action next week ??? Likely so if mkts opens lower on Monday. ..bad for biz!

While still at the upper band, trading sell, if below 1495, till a crossing and closing above 1500.

Morning start..fkli firm 1495-98 fcpo weak 2980-90

DJ +40, as investors balanced strong earnings with building speculation that the Fed's next round of asset-buying won't be as dramatic as anticipated. ..CNN. Europe +0.5%

8.25 : DJ futs +5. Regional off to +ve start, +0.5%. Commodity lower on stronger dollar. GOLD -1% CO -1.5%.

fkli :90-00 range. enough to sustain a breakout above 1500? maybe not but parking near 1500. nevertheless, above 1495 is bullish stance today, 95-00 range. Fkli will wait for fbm to catch up b4 making a move. Fbm is only bullish if above 96.

fcpo : SO -0.5%. no danger of a selloff but probablty reinforcing 3000 toppish outlook this week. Below 2984 is -ve tone, targeting 2950+. A reversal is seen if fcpo crosses back above 3010.

Fcpo wrap...first visit to 3000 ...futile

A day after speeding ahead of SO, fcpo see profit take today at critical resistance lvl near 3000, keeping in line with SO gains so far this week – around +1%. Yesterday, fcpo rose sharply on tech buy on the back of positive m-t-m export estimates., +5% in the first 25 days this mth.

After a strong opening and making one attempt at 3020, fcpo stays in defensive for most of the day. Near 3000 in AM and mostly 2990-2998 trading range in PM.

Toppish tone if under 3000, pointing to some pullback first – towards 7 SMA – before comfortably engaging 3000-3100 range. Immediate support is seen at 2970.

Fkli wrap....one small fragile step to 1500...

Mixed day, no strong one way bet and cautious among major equity mkts….maybe concerns over currency impact ahead of G20 finance minister meeting , starting tomorrow in the land of kimchi.

Fbm.fkli see promising start but kind of anti climax feeling at the end of the day…..weak daily candle. Fbm off highs but keep its head above 90 on CIMB GENTING gains in PM.

Fkli fails to touch 1500 on profit take pressure…strong theme this week, but remains steady above 1490. Maybe more sustainable and higher trading band if above 1500 next week.

Bullihs tone remains intact if > 1490.

Morning start...fkli firm 1490-93 fcpo strong 3010-20

DJ +130, no major news. Airline stocks received a boost following Boeing's upbeat earnings, but financial shares lagged on mixed reports from big banks...CNN. Europe +0.5%.

8.25 : DJ futs -6. Regional takes cautious to softer stance, flat to -0.2%. Commodity strong. CO +2.5%. GOLD flat, still profit take pressure.

fkli : will wait for fbm near 90 and re-test 1500 once fbm > 1490. Above 1488 is +ve tone. Fbm is tech bullish if > 95.

fcpo: SO +1.6%. fcpo is to start above 3000 at the current SO gains. 3000-3020 for initial trades and if 3000 hold, fcpo is looking at 3000-3050 band. Support is raised 2980 from 2950.

Fcpo wrap...super bull..surprisingly

Slow and softer tone in AM but Fcpo climbs to year-high in PM. SO price reverse early losses, from -1% to flat.. Sentiment, somehow, regains strength after breaking 2930 mark, and all the way towards 3000. A big move today after almost 7-day of range trading.

After today’s breakout, a resumption of recent uptrend is expected but could top near 3000-50 first this week. Support is raised towards 2930-40 range and if these lvl maintains, fcpo is likely to venture into 3000-3200 week ahead.

Fkli wrap....360 degree turn....hello 1500..again

After early setback on fear of China rate hike impact, fbm,fkli stage a strong rebound in PM session to finish near flat line. Regional also recoup losses, HS -200 off lows of -400. SH even crosses back above 3000 mark after dipping as low as -2%.

In late Asian trading hours, Europe softer tone but stabilizing while DJ futs also steady in +ve side, +10.

A good day for bulls Despite an early fear of a breakdw, instead, strong rebound and like yesterday., getting ready for 1500…round 2. Supported but upward momentum requires external encouragement.

Morning start...fkli weak 1482-1485 fcpo weak 2900-05

DJ -165 , amid reports that a group of bondholders are trying to force Bank of America to repurchase bad mortgages. Investors also weighed a surprise rate hike by the Chinese government, ...CNN. Europe near -1%.


8.25 DJ futs -30. Regional between -1% to -2%. Commodity slumps on improved US$. CO -4% GOLD -3%. Focus on China opening at 9.30am after a surprise rate hikes. -ve in short run but +ve in long run.

fkli : back to 1480. no 1500 today, but seen maintaining its sideways stance and holding above 1480 immediate support today.

fcpo : SO -2%. tug-of-war at 2900 is expected but -ve tone if , 2920. 2880-2930 trading range with lower band bias.

Fcpo wrap...back above 2900...

Like fkli, fcpo also escape a breakdw scnerio but sentiment still wounding from Mon’s effect. Upside limited especially in PM. Despite SO advance, fcpo only stuck at the mid range of 2900-2950 trading band. Cautious ahead of ITS/SGS exports estimates tomorrow? Very tiny trading range this week…whatsup!

Technically, still sideways tone at the mercy of external factors, like SO. But within 2900-2950 is good news for bulls. Critical support seen at 2877.

Fkli wrap...a big relief for bulls....hello 1500 ( again)

A slow start but Fkli comes alive in PM session, the most upbeat tone, relatively to fbm, since hitting 1500. Fbm mixed, steady but stuck at –ve bias zone while fkli made strong reversal, discounting yesterday’s move and staring at 1500 again.

Confidence grows as hours go by…wonder why ? maybe buybacks as mkt near resistance lvls.

Regional mostly higher on SH ( +1.6%) and HS ( +1.3%) cues, DJ futs off lows, flat. Europe fails to provide a clear direction sense.

Fbm.fkli escape a follow through breakdw scenario, 50-70 range, thanks to US financials earnings report. But immediate breakout above 1500? Unlikely. It seems like a sideways mkt this week. Maybe in the final week if still remains within 1490-1500 range.

Morning start...fkli firm 1480-82 fcpo strong 2900-10

DJ +80, no storm like Asian yesterday, financials reverse losses on strong earnings from JP Morgan , Citi. Europe +0.5%. But, safe haven bond also up.

8.15 : Dj futs -20. Regional +ve but looks slow. NK and KOS +0.1%. Commodity strong. CO +2.5%. GOLD +1%.

fkli : -ve expectations near -80 in late Asian tradin hours but DJ +80. fkli is seen at 1480 first, targeting 80-86 range if fbm > 80. While dwside risk remains, fbm is seen steady within 80-90 range.

fcpo : SO +1%. Fcpo seen returning back above 2900 but sentiment is likely to be cautious and unlikely to break 2930 resistance today. Above 2880 will avoid major selling interest.

Fcpo wrap..from range bound to trading sell

Fcpo suffers an opening gap-dw under 2900 following SO sharp drop, near -2%. However, it manages to reduce some losses but sentiment remains toppish all day long, with strong selling interest above 2900 today.

Fcpo Jan10 finds support at 7SMA but dwward-bias if <2900, targeting the previous gap-up 2808-2877 hole. Bulls will have an equal chance if fpco near 2930 tomorrow.

Fkli wrap....under 2 short term tech support ...

Only Karambunai benefited from Budget, +30%

Equtiy and commodity broadly lower amid weak regional performance as concern over US banks mortgages practice continues and stronger US$ Regional trends lower in PM. SH and NK erase gains, tracking HS -300/-1% fall.

Fbm trend lower after the first 15 min spike. MAYBANK early loser, while GENTING, TENAGA fumble in PM . Fkli has no chance to shine today amid strong –ve internal from get-go

Fbm.fkli break a 2-mth uptrend line, with further dwward bias risk towards 50 if 70-80 support range fails to hold. Mkt needs to recapture 1490 to reverse recent –ve breath and 1500 to generate fresh momentum towards record high mark.

Fcpo wrap....+170 this week...whats next ?

Despite SO strong gains, fcpo fails to take heed, probably due to weak exports estimates for the 1st half of Oct, -10% m-t-m. according to SGS and profit take ahead of weekend after posting strong gains thanks to Monday’s gap up.

Fcpo finds support at 2900 and hovers within 2900-2950 range for most of the week. Above 2900 is bullish and aiming for 3000 next week, if 2950 resistance is taken out. On the other hand, a breach of 2900 could initiate “cap-closing” selling incentives.

Fkli wrap...+5.5 this week...just wish a better closing

Another profit taking day. Initial selling in banking stocks pull fbm towards 80 in AM, but bounce mode for most of the day. Fbm.fkli mostly stagnant near the mid point in a very quiet PM session.

From 1490-1500 yesterday to 1480-90 today but fkli manages to sustain back above 7SMA support line, barely. But wishing for a closing above 92. Uptrend remains intact but 1475-1500 is a sideways range, -ve tone if < 1490-92. And risk of a pullback towards 1450 if 1475-80 support breaks.

While still above uptrend line, Fbm must regain at least 1496 to reverse its trading sell outlook. Otherwise, “testing-support” mode.