positve momentum tb continue ?

Stocks: Up On Wall St. Rally, Firm Yen Weighs
TOKYO (Kyodo)--Tokyo stocks opened higher Thursday, tracking Wall Street's rally overnight to recover the previous day's losses, though the upside was weighed down by jitters over a stronger yen relative to the U.S. dollar.

absorbing some profit taking...

Supplied by advfn.com


Tuesday 08 Sep 2009 14:55:41
US Market
Commodity Price Rally May Spur Buying Interest
The major U.S. index futures are pointing to a higher opening on Tuesday, with the optimism that characterized trading in Asia and Europe likely to pervade into the U.S. markets, which are opening after Monday’s public holiday. Commodity prices are once again on a roll, with gold breaching the $1000-an-ounce mark, with the optimism reflecting expectations of a recovery in demand and in turn an economic revival. Trading volume may remain thin, as traders return to their desk after ‘Labor Day.’
The return of M&A activity point to corporate America’s faith in growth and therefore may serve as a positive catalyst. That said, a lack of any major economic and corporate news could lead to some indecision in the session even as traders harbor hopes of a turnaround.
The major U.S. averages broke a 2-week winning streak in the week ended September 4th, as fears that the recent gains may have been overdone kept sentiment subdued in the markets throughout the week. Last Monday, economic worries dampened the mood of traders, as the major averages closed with moderate losses. Notwithstanding the support provided by some economic data, stocks fell sharply on Tuesday, with the major averages all ending down about 1%, dragged down by weakness in the financial space.
On Wednesday, stocks closed modestly lower amid some degree of volatility, as traders digested a few economic readings that essentially came in below expectations. Supported by a smaller than expected drop in retail sales reported by the nation’s retailers, the major averages closed higher on Thursday after seesawing through much of the session. After showing some apprehension in Friday’s early trading, as traders reacted to a mixed employment report, the major averages advanced sharply and ended higher, as the shrinking job losses became the focus of traders.
For the week, the Dow Industrials and the S&P 500 Index lost 1.08% and 1.22%, respectively, while the Nasdaq Composite ended down 0.49%.
Among the sector indexes, the Philadelphia Housing Sector Index and the KBW Bank Index fell over 4.5% each for the week, while the NYSE Arca Securities Broker/Dealer Index lost 2.35%. The Dow Jones Utility Average, the NYSE Arca Oil Index, the Philadelphia Oil Service Index and the S&P Retail Index declined over 1% each. On the other hand, the NYSE Arca Gold Bugs Index climbed 12.14% and the Dow Jones Transportation Average rose to 1.06%.

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.