FKLI regain support at 1238

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Tuesday 13 Oct 2009 15:03:05


Ahead of the Curve.
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US Market
Overbought Levels of Markets May Make Traders Wary
The major index futures are pointing to a marginally higher opening on Tuesday. Even as stocks showed some tiredness following continued upward momentum, positive earnings optimism is keeping sentiment upbeat. The rally in the commodity prices is continuing, reflecting the lingering hopes that all may well that ends well. That said, the overbought levels of the markets, which is achieved without adequate support of fundamentals, faces the risk of a pullback. Traders could also focus on the Fed speeches scheduled for the day.
U.S. stocks, which opened Monday’s trading higher and rose sharply in early trading on earnings optimism, surrendered their early gains gradually over the course of session. After dipping below the unchanged line in late afternoon trading, the Dow Industrials and the S&P 500 Index recovered to close modestly higher, while the Nasdaq Composite remained just below the flat line. The absence of any major catalysts lead to some indecision in the markets, pushing some traders to the sidelines, and consequently, volume was light.

FKLI shifted to a lower gear, asia region still maintain positive charge

FKLI morning profit taking

Resistance 1255/1260

still positive charging... before re election

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fkli chart -DJIA futures +79 950am

FCPO chart, price resume on track - time to plant some tree ?

support 2060/2030 resistance 2100/2160

HSI Chart resume on track - phase 3 reconstruction ?

but vol....wise... it seem not easy for a speedy bull charge...

FKLI + tongkat ali

FKLI chart -

HSI 20396 break 60days support at 20415, STI 2594 also break 60 days support 2625, FKLI 1205 remain above 50 days support, 1185 and 60 days support 1170

fcpo chart otc, having a overloading stress test

may be the order for cpo might dropped.... ???? ..

resistance 1222 1230 support 1200 1184

Friday brings the week's biggest economic report: The monthly jobs report from the government. Employers are expected to have cut 175,000 jobs from their payrolls in September after cutting 216,000 in August.In addition to jobs data, factory orders are reported at 10 a.m. The U.S. stock market started the fourth quarter on a sour note. The S&P 500 fell 2.6% Thursday to 1,030. The Dow Jones Industrial Average fell more than 203 points after a bigger-than-expected rise in weekly jobless claims and a weaker-than-expected reading on manufacturing sparked worries about the pace of the economic recovery.Traders have been closely watching the market's technicals lately, and especially since last Wednesday, when major indices put in an "outside reversal" on the day of the Fed meeting. An outside reversal is when the market sets a new high but closes at the low of the day. Scott Redler, a technical strategist with T3live.com, said Thursday's market showed more signs of technical weakness. A short-term uptrend of 1042 in the S&P was broken, adding pressure to the market. "This is another breach of what the trend has been," he said. He said the outside reversal last week was a sign to take profits.

FKLI chart of the day

remain in semi weak trend R1 1216 R2 1222 //S1 1200n S2 1180

shall we kiss 50 days SMA next mth? 1179

FKLI 2009/09/29

resistance 1215/1222 support 1200/1186,
very expensive holiday yesterday, missed all the mega show hand

FKLI tight range...zzzzzz..

support 1215/1196/1184, resistance 1223/1230/1260

vol...sleepy

roll over period.... not much chance for day trader... better go holiday....

Friday brings government reports on new home sales and durable goods orders, as well as the University of Michigan's September consumer sentiment indexStocks fell for a second day Thursday after the Federal Reserve announced plans to start unwinding some stimulus measures and a report showed existing-home sales fell last month.The Dow Jones industrial average dropped 41.11 points to 9,707.44. The Standard & Poor's 500 Index fell 10.09 points to 1,050.78.In the short term, "there's not a whole lot of bad news that could derail equities," said Robert Siewert, portfolio manager at Glenmede. "But the rally since March has been the sharpest since the 1930s and it's not surprising to see occasional pullbacks."However, Siewert said that longer term, there are a lot of headwinds that could challenge stocks, with 2010 likely a tougher year for equities. He cited challenges including the eventual rising of taxes, the labor market weakness, the still-tight credit market and the struggle of a consumer that chooses to save at the expense of personal spending.

FKLI RSI divergence buy, in a weaken trend, resistance 1222, support 1215

waiting for break up or break down....... china seem to resume on track

上证指数, shanghai index chart

fail to break up the 3100 resistance 60D , and fail to maintain above the 120D support 2868, so if tomorrow still unable to regain support by closing above 120D, the next target might be the 360D support 2600 and 2450 level of 240D, a more relax and healty economy growth n recovery....slow n easy, sure and steady....

fkli profit taking before closing

The Federal Reserve concludes its two-day policy meeting Wednesday, with an announcement expected at around 2:15 p.m. ET. With no change expected in interest rates, investors probably will focus on the bank's assessment of the economic outlook, particularly after Chairman Ben Bernanke said last week that the recession was "technically" over, but the labour market still has a long way to go.Also Wednesday, Treasury Secretary Timothy Geithner is set to testify before the House Financial Services committee on regulatory reform, starting at around 9:30 a.m. ET.Stocks advanced Tuesday as the two-year Treasury auction was met with strong demand and the dollar retreated. The Dow Jones industrial average gained 51.01 points to end at 9,829.87. The S&P 500 has risen 58.4 percent since hitting a 12-year closing low on March 9.Among financials, Citigroup (C) shares jumped 5 percent to $4.65 following news that Singapore wealth fund GIC has cut its stake in the U.S. banking company in half.Bank of America (BAC) rose 2.1 percent to $17.61 after Rochdale Securities analyst Richard Bove raised his price target on the stock, citing the bank's strengthened financial condition.But insurer American International Group (AIG) bucked the positive trend, falling 5.4 percent to $45.80 amid speculation it was planning to sell shares in a secondary offering. The stock had climbed as much as 12.4 percent to an intraday high of $54.39 before a late-afternoon reversal.On the technology front, Google Inc (GOOG) was a particular standout, hitting an intraday high of $501.99 -- its highest level since August 2008. Google's stock ended up 0.4 percent at $499.06 on Nasdaq.

footing remain firm

LONDON, Sept 23 (Reuters) - European stock index futures pointed to a mixed start for equities on Wednesday ahead of the U.S. Federal Reserve's rate decision.