finally a happy hari raya

support at 1200 and 1193 level, resistance had moved to the 1260 level

heavy pressure.....when apporach 1200

long time no see....

All U.S. financial markets will be closed on Monday for the Labor Day holiday.The week is fairly light on economic reports, with readings on the trade gap, initial weekly jobless claims and preliminary September consumer sentiment.Also expected are data on the U.S. international trade balance and the Federal Reserve's Beige Book covering anecdotal evidence of economic conditions

mild profit taking in the morning

super poowerful HKEX 10 min shoot up near 400 point

trigger all seller stop loss order....cutting 20,000 resistance like paper

shortist blast off .......

The non-farm payrolls report from the Labor Department is due before the start of trading Friday. A Reuters Survey of 81 economists forecast employers cut 225,000 jobs last month, the smallest cut since August 2008. The survey also shows the unemployment rate edging up to 9.5 percent from 9.4 percent.A better than expected report takes stocks higher and a worse than expected report sends them lower.However, We have seen a growing trend in the market where stocks don’t move on good news. "The market now seems to be reacting negatively to positive news, and that's a change that has to be noted," counsels Carl Birkelbach, of Birkelbach Investment Securities in Chicago. There was some late-day buying on Thursday which suggests people on the Street think unemployment could surprise to the upside. Also on Friday, Treasury Secretary Timothy Geithner meets with the G-20 Finance ministers in London.Trading volume is likely to be light and markets could be particularly volatile ahead of the three-day Labor Day holiday.

profit taking day ?

testing resistance

soft landing critical support 1136, resistance 1173

Two readings on the labor market are due Wednesday in the lead up to Friday's big August jobs report.Payroll services firm ADP is expected to report that employers in the private-sector cut 246,000 jobs from their payrolls in August after cutting 371,000 in July. Additionally, Challenger, Gray & Christmas, an outplacement firm, will report on the number of announced job cuts in August. A July reading on factory orders is also due in the morning from the Commerce Department. Other reports include the minutes from the last Federal Reserve policy meeting, the weekly crude oil inventories report and the July reading on factory orders.Stocks started September, a typically bad month for the market, with a sharp selloff amid worries about more bank failures and the fact that the market may have gotten ahead of the recovery. The DJIA lost 185.68, or 2 percent, to close at 9,310.60 yesterday.Citigroup ($4.54 -$0.46)lost 9.2 percent, bringing its two-day total decline to 13 percent. AIG ($36.00 -$9.33) tumbled another 21 percent today after more than tripling in August.
Ladies and Gentalment, we will landing shortly, thank you for flying with FKLI, we wish you had a pleasant flight, hope to serve you again soon.

market tunning weak

SSE shanghai heading for 200 days support ?

will china mkt sentiment lead us to test the nearest 50 days support of klse sgx hkex ? what is the plan ?

bird eyeview

Reports are due Friday on July personal income and spending from the Commerce Department and August consumer sentiment from the University of Michigan.Consumer sentiment, reported at 9:55 am New York time, follows on a better than expected consumer confidence report earlier this week. Personal income is released at 8:30 am. Stocks rose Thursday, with the Dow extending its winning streak to eight straight sessions in a thinly-traded advance fueled by bank shares and Boeing. Dell was higher in late trading Thursday, after its quarterly profits and sales beat expectations. Shares gained 6.5% in extended-hours trading.The stocks that dominated trading volume in an otherwise dull market are Citigroup ($5.05 up 0.42), Fannie May ($1.92 up 0.07), Freddie Mac ($2.24 up 0.21) and AIG ($47.84 up 10.15). The Dow finished up 37 points at 9,580 Thursday, and the S&P was up 2 at 1,030.

fkli chart also show well defend ...but still under power. see how after 4 pm

powerful sg

Home prices and consumer confidence are on the menu Tuesday.Tuesday's focus will be the S&P/Case-Shiller home price index, issued at 9 a.m. and consumer confidence, released at 10 a.m. Investors are also watching the Treasury's auction of $42 billion 2-year notes at 1 p.m.Stocks Monday started the day higher, but ended the session mixed and virtually unchanged. The Dow was up 3 at 9509, and the S&P 500 was down 0.56 at 1025.57. Traders Monday were watching unusual trading activity in several financial stocks, Fannie Mae, Freddie Mac and Citigroup. All three were up on heavy volume and accounted for about 21 percent of the total NYSE volume. Some traders attributed the moves to a momentum trade. Fannie was more than 40 percent higher, while Freddie was more than 18 percent higher. Tim Smalls of Execution LLC said the lack of players in the stock market will keep things quiet.

SSE 上证指数 chart shanghai, stay firm defend

fkli weak morning due to shanghai

TOKYO (Kyodo)--Tokyo stocks fell Tuesday morning as investors sold to lock in profits after a strong rally a day earlier, but selling was capped as markets awaited the results of an upcoming election in Japan.

sp500 regain some ground

Thursday's focus will be on the U.S. weekly jobless claims data at 8:30 a.m. Other data includes leading indicators and the Philadelphia Fed survey, both reported at 10 a.m. Fed officials and others should begin to gather Thursday ahead of the Kansas City Fed's annual symposium in Jackson Hole, Wyo. Fed Chairman Ben Bernanke speaks to that group Friday morning, but traders are watching for comments from other attendees to trickle out ahead of time.Stocks fought back Thursday against a soft opening, shaking off a slide in China's equity market, as investors responded favourably to a surprising drop in crude oil stockpiles that might suggest an improving demand outlook.The Dow was up 61 points or 0.7 percent to 9279, while the S&P 500 rose 6 points to 996. Higher oil prices are seen as a double-edged sword for stocks because they boost oil profit earnings and represent stronger growth, but they also can cut into consumption, depress an already weakened consumer and pressure corporate profit margins.

S&P500 rebound remain capped

fkli enter into correction mode ?

FKLI RSI divergence

mixed mkt with support

The U.S. market followed world equities markets lower MondayAsian markets reacted to Friday's weak U.S. consumer sentiment data, and the Chinese market, already down sharply last week, dipped 5.8 percent Monday.The Dow finished Monday off 186, or 2 percent at 9135. The combined 262 points lost since Friday gave the Dow its worst two-day performance since June 16. The S&P 500 erased 24, or 2.4 percent to 979. Stocks have now given up all of their August gains and are trading at levels last seen July 29. Traders point to 950 as a key area for the S&P, which could serve as a floor for the market, at least temporarily. They also say the volume is light because there is a real lack of players on Wall Street, due to summer vacations.For Tuesday, traders expect Wall Street to take its directional cue from overseas markets. There are producer prices inflation data and housing starts at 8:30 a.m. Several retailers report earnings, representing a diverse cross section of the retail landscape. Ahead of the bell, there's home improvement giant Home Depot, discounter Target. Computer maker Hewlett Packard reports after the bell.

heavy battle... for tech rebound

rebound no good

might rebound...

chart error
DJ MARKET TALK:China Shares May Rebound After Recent Sharp Falls (2009/08/18 09:11AM)

0111 GMT [Dow Jones] While a medium-term downtrend intact, China shares could rebound today after Shanghai Composite slides 17.3% in past 9 sessions, analysts say, including yesterday''s 5.8% fall to 2870.63. Qian Qimin at Shenyin Wanguo Securities says "experience tells us a technical rebound always follows such an unexpected sharp decline. Since the index has tumbled several days on end, investors shouldn''t be much perturbed and blindly sell their positions at present." But adds "we remain bearish about the market on a medium-term horizon and believe the correction will last several months." Support pegged at 2800. Other analysts tip brokerages such as Citic Securities (600030.SH), Haitong Securities (600837.SH) may be in focus as expected strong debut by Everbright Securities (601788.SH) will likely spur buying interest in sector. Shenzhen Index last ends down 6.6% at 955.87.(RWY)

slow.........ly

Today's markets will watch monthly retail sales for July and Walmart's quarterly earnings. Thursday also brings the weekly jobless claims report from the Labour Department and readings on July import and export prices and June business inventories.Retail sales, reported at 8:30 am New York time, will continue to show a consumer under pressure but could be slightly better than last month's number. Economists forecast that July sales will be up 0.7 percent after rising 0.6% in June.Discounter Walmart reports earnings before the opening bell and is expected to show flat results of 86 cents per share.Accounting rule maker FASB holds a board meeting Thursday that is getting a lot of attention for its potential impact on banks. FASB is expected to consider a proposal to have financial instruments carried on balance sheets at fair value. There is no immediate action expected on this proposal, but if it results in modification of the mark-to-market rule it could impact bank earnings.The Fed, in its post-FOMC statement Wednesday, said the economy is leveling out and said it would keep its Fed funds rate near zero, as expected. The Dow added 120 points, or 1.3 percent at 9361. The S&P 500 recovered 11 points, or 1.1 percent, to close at 1005.

s1 80 s2 70 r1 90 r2 00