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