Did you miss UMW?

We posted UMW on 24/8/10, please see the picture below

What about UMW on 30/8/10, please click on the picture below

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6 Reasons why our Market is rally

We have attended a seminar in KL during the weekend. He is a greatest financial and technical analyst. He listed out a few reasons why FBMKLCI is rally?

WHY OUR MARKET IS OUT PERFORM THE REST?
SIX REASONS WHY OUR MARKET IS RALLY?
WHAT SECTOR IS BULLISH?
WHAT SECTOR IS BEARISH?
HOW FAR WE CAN UP or DOWN?

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Anywhere we will open these contents to you which already posted on the VK member site if it really happen by end of this year or next year.

Technical Commentary 30/8/10

The links below is the FBMKLCI technical commentary from Straits Index (M) Sdn Bhd (Winchart). If you wish to subscript Winchart, please contact VK Technalysis Services. WE ARE THE AUTHORIZED REPRESENTATIVE FOR WINCHART (NORTH MALAYSIA)


胜图为以下报章提供
分析与股项个案研究
星洲日报、联合日报
光华日报及精明理财杂志

Please click the links below

富时综合指数 http://winchart2.dyndns.info/DailyAnalysis/2010/20100830.asp?ID=
English version will be publish later

The FKLI up 10 points but resisted by the upper trend line at 1425. For details please enter VK members site.

The FCPO up 27 points and considered as bullish biased. For details please enter VK members site.

Winchart package includes:
- Technical Analysis Software
- Technical Analysis Training
- Latest Company Financial Results
- Unlimited training
- Technical support
- Online Trainings
- Stock Case Studies
- Market analysis
- Many More.

Technical Commentary 27/08/10

The links below is the FBMKLCI technical commentary from Straits Index (M) Sdn Bhd (Winchart). If you wish to subscript Winchart, please contact VK Technalysis Services. WE ARE THE AUTHORIZED REPRESENTATIVE FOR WINCHART (NORTH MALAYSIA)

胜图为以下报章提供
分析与股项个案研究
星洲日报、联合日报
光华日报及精明理财杂志

Please click the links below

富时综合指数 http://winchart2.dyndns.info/DailyAnalysis/2010/20100827.asp?ID=

Composite Index http://winchart2.dyndns.info/DailyAnalysis/2010/20100827e.asp?ID=

The FKLI up by 4.5 points to close at 1414. It is still bullish now but be careful. If you wish to know long or short, please join as VK members. You may contact anyone of us to find out more details.

The FCPO continues rebound today, up 13 points, closed at 2543. The immediate resistance is 2560 and the support is 2489. If you wish to know long or short, please join as VK members. You may contact anyone of us to find out more details.

Winchart package includes:
- Technical Analysis Software
- Technical Analysis Training
- Latest Company Financial Results
- Unlimited training
- Technical support
- Online Trainings
- Stock Case Studies
- Market analysis
- Many More.

Technical Commentary 26/08/10

The links below is the FBMKLCI technical commentary from Straits Index (M) Sdn Bhd (Winchart). If you wish to subscript Winchart, please contact VK Technalysis Services. WE ARE THE AUTHORIZED REPRESENTATIVE FOR WINCHART (NORTH MALAYSIA)

胜图为以下报章提供

分析与股项个案研究
星洲日报、联合日报
光华日报及精明理财杂志

Please click the links below

富时综合指数  http://winchart2.dyndns.info/DailyAnalysis/2010/20100826.asp?ID=

Composite Index http://winchart2.dyndns.info/DailyAnalysis/2010/20100826e.asp?ID

The FKLI is up by 16 points to close at 1409.5. It is very bullish now but be careful. If you wish to know long or short, please join as VK members. You may contact anyone of us to find out more details.

The FCPO was having a technical rebound today, up 44 points, closed at 2530. The immediate resistance is 2535 and 2560. If you wish to know long or short, please join as VK members. You may contact anyone of us to find out more details.

Winchart package includes:

- Technical Analysis Software
- Technical Analysis Training
- Latest Company Financial Results
- Unlimited training
- Technical support
- Online Trainings
- Stock Case Studies
- Market analysis
- Many More.

Technical Commentary 25/08/10

Finally FBMKLCI closed –8.8 points at 1396.97 (-0.63%) and it also closed below 1400 psychological level. The profit taking is considered heavy today on the lower liners and we need to watch out for the market to crash any time from now.

The overall market’s sentiment is considered as bearish biased, as there were 186 up counters and 585 down counters with the market total traded volume increased –2.4% 873 MIL shares. The trading volume is above the 40 days.

All the indicators indicate FBMKLCI still bullish biased. The STC started to hook down at 84. The RSI hooks down to 71 and the MACD is flat due to the correction. The Bollinger10 also closed at 0% due to the CI correction. The next possible FBMKLCI resistance level is 1414, the larger ascending wedge’s upper trend line. Whereas the nearest possible supports level is the smaller ascending wedge's upper trend line and the 23.6% FR at 1368.

The FKLI is up by –5.5 points to close at 1393.5. It is still bullish but be careful. If you wish to know long or short, please join as VK members. You may contact anyone of us to find out more details.

The FCPO Loss –24 points, closed at 2486. It is very bearish now. If you wish to know long or short, please join as VK members. You may contact anyone of us to find out more details.

Technical Commentary 24/8/10

FBMKLCI continues to power into the 8th day lead by GENTING, AXIATA, MISC, and IOICORP and TANJONG. Although the CI was pushed up last minute at 1405.77 (+2.62, +0.19%) and sustains above1400 psychological but there are many stocks were under correction today. The profit taking is considered heavy on the lower liners and we need to watch out for the market to crash any time from now.

The overall market’s sentiment is considered as bearish biased, as there were 206 up counters and 585 down counters with the market total traded volume increased +11% 894 MIL shares. The trading volume is above the 40 days VMA but out of the top 10 volume counters, only AXIATA is green. The rest are RED, so it means that the correction is heavy on the 2nd and 3rd liners.

All the indicators indicate FBMKLCI is bullish biased. The STC still at 100%, which indicates CI components are over bought now. The RSI is at 79 and the MACD is hooking up, this indicates the CI is bullish biased. The next possible FBMKLCI resistance level is 1414, the larger ascending wedge’s upper trend line. Whereas the nearest possible supports level is 1350.

FKLI is down by -2.0 points to close at 1399. It is still bullish but be careful. If you wish to know long or short, please join as VK members. You may contact anyone of us to find out more details.

FCPO – Support level 2533 was broken, it is very bearish now. If you wish to know long or short, please join as VK members. You may contact anyone of us to find out more details.

Technical Commentary 23/8/10

FBMKLCI continues to rally into the 7th day lead by CIMB, PPB, PETDAG, GENTING and GENM. MAYBANK was surging strongly to RM8.40 in the morning but profit in the afternoon and its share’s price was retreated to 8.14 at the closing. Although the CI up +8.13 points at 1403.15 (+0.58%) and broke out 1400 psychological level during the closing but there are many stocks were under correction today. The buy rate was dropped to 35% near the closing, this means that there are many sellers are taking profit.

The overall market’s sentiment is considered as slightly bearish biased eventhough the CI up >8 points, as there were 291 up counters and 465 down counters with the market total traded volume decreased –3.5% 805 MIL shares. The trading volume is just at the 40 days VMA.

All the indicators indicate FBMKLCI is bullish biased. The STC still at 100%, which indicates CI components are over bought now. The RSI is at 78 and the MACD is hooking up, this indicates the CI is bullish biased. The next possible FBMKLCI resistance level is 1412, the bigger ascending wedge’s upper trend line. Whereas the nearest possible supports level is 1380 to 1370.

FKLI is up by +10.0 points to close at 1400. It is bullish biased like FBMKLCI.

FCPO temporary found a support at 2533, and it considers as sideway today.

Technical Commentary 20/8/10

FBMKLCI continues to rally into the 6th day and broke out of the ascending wedge with closing high of 1395.02, up +2.46, +0.28%. The CI seems to start a new up trend after it had broke out of the ascending wedge and the MACD was higher than the previous peak to avoid the formation of bearish divergence. The CI components like CIMB, MAYBANK, PLUS, HLFG, HLBANK and TENAGA were rotating to sustain FBMKLCI higher. Although the CI components are supported but there many lower liners, which ran, last few days were under T+3 and T+4 correction

The overall market’s sentiment is considered as slightly bearish biased, as there were 316 up counters and 394 down counters with the market total traded volume decreased -15% 834 MIL shares. The trading volume is slightly above 40 days.

All indicators indicate FBMKLCI is bullish biased. The STC hit 100%, which indicates CI components are over bought now. The RSI is at 76 level and the MACD had crossed the trigger line with rounded bottom histogram formation. The next possible FBMKLCI resistance level is 1400 psychological level whereas the nearest possible supports level is 1370.

FKLI is up by +1.0 point to close at 1390. Its direction is a bit uncertain right now because the CI components were under support rotationally but the overall market is consider as neutral.

FCPO corrects further due to Soya bean and Soya oil were under correction stage.

At the time of writing at 6:00 pm,
Europe bourses are down from -0.3% to -1.5%
Crude oil down –0.28% at $74.22
Soya bean down –0.57 % at $10.065
Soya Oil down –0.44% at $0.403
USD index up +0.39% at 82.86
The mini Dow Jones down -25 points at 10210
3rd month FCPO (Nov) closed at 2544 (-51 points)

Technical Commentary 19/8/10

FBMKLCI continues to rally into the 5th day and broke out of the ascending wedge with closing high of 1392.56, up +7.05, +0.51%. There are a few CI components like TM, CIMB, MAYBANK, PLUS, AMMB, PETDAG and TENAGA rotating to sustain FBMKLCI higher.

The overall market’s sentiment is considered as bullish biased; as there were 407 up counters and 321 down counters with the market total traded volume of 983 MIL shares (down –1.5%). The trading volume is still above 40 days VMA to keep the market warm. The observation of possible bearish divergence between the FBMKLCI and MACD is still vulnerable to take place thus far even though it broke out the ascending wedge resistance line.

All the indicators indicate FBMKLCI is bullish biased. The STC spikes up strongly and hit 100%. It indicates the CI components are over bought. The RSI is at 75 level and the MACD comes had crossed the trigger line with round bottom histogram formation had crossed the zero level. The next possible FBMKLCI resistance level is 1400 psychological level. Whereas the nearest possible supports level is 1370.

FKLI is up by +3.5 points to close at 1389. It also broke the ascending wedge but the candlestick had formed a doji star (evening star), which suggests a likely short-term correction. The observation of possible bearish divergence between the FKLCI and MACD is still vulnerable to take place thus far.

FCPO corrects further and losses –15 points at 2595 today but off its low of 2567.

At the time of writing at 7:30 pm,
Europe bourses rally ranging from +0.2% to +0.6%
Crude oil up +0.4% at $75.72
Soya bean up +0.39 % at $10.3475
Soya Oil up +0.27% at $0.4156
USD index down -0.14% at 82.22
The mini Dow Jones up +45 points at 10397
3rd month FCPO (Nov) closed at 2595 (-15 points)

Technical Commentary 18/8/10

FBMKLCI continues to rally into the 4th day with closing high of 1385.51, up 7.04, +0.51% (2 points during the last 15 minutes). The final push up activities only take place during the last 60 minutes. There are a few CI components like MAXIS, CIMB, SIME, MISC, AMMB, and UMW rotating to sustain FBMKLCI higher.

The overall market’s sentiment is considered as mixed, there are 334 up counters and 377 down counters with the market total traded volume of 998MIL shares (down -10.3%). The trading volume is still above 40 days VMA. But the overall market buy rate is not optimistic at 38% only. It indicates that more selling then buying activities. The observation of possible bearish divergence between the FBMKLCI and MACD is still vulnerable to take place thus far.

Most indicators indicate FBMKLCI is bullish biased. The STC spikes up strongly to hit 100%, RSI is at 75 level. The MACD comes very closed to cross the trigger line with round bottom histogram formation is almost crossing zero level . FBMKLCI breaks out of the resistance line of ascending wedge by 2 points to close at 1385. The next possible FBMKLCI resistance level by fibonacci extension 1389 and perhaps psychological level of 1400. Whereas the nearest possible support range is 1363 to 1370.

FKLI is marginally up by +1.5 points to closed at 1385.50. Comparing to the FBMKLCI, FKLCI still within the ascending wedge just on the resistance line of wedge. The observation of possible bearish divergence between the FKLCI and MACD is still vulnerable to take place thus far.

FCPO is still correcting further due to the lower export data (Aug’ 1-15) and also the Soya oil started to correct.

At the time of writing at 6:00 pm,
Europe bourses mixed ranging +0.8% to -0.6%
Crude oil down -0.79% at $75.17
Soya bean down -0.62% at $10.355
Soya Oil down -0.75% at $0.4128
USD index down -0.14% at 82.22
The mini Dow Jones up +2 points at 10360
3rd month FCPO (Nov) closed at 2610 (-36 points)

Technical Commentary 17/8/10

FBMKLCI continues to rally especially in the morning and it unexpectedly touching the upper trend just within 3 days. For no reason it went as high as 1381.41 (+10.83) before cooling down in the afternoon to close at 1378.47 (+7.89, +0.58%). Tomorrow is T+4 and we expect some correction on the heavy weighted CI components, however we also expect next batch of CI components will support the index so that they keep the market warm. Can the CI keep rally until 1400? We have no answer for you at this moment. We saw a possible of forming a bear divergence signal and this is under our radar screen.

The overall market’s sentiment is considered as bullish biased, there were 391 up counters and 367 down counters with the market total traded volume of 1.1 BIL shares (up 14.3%). The trading volume is very much above 40 days VMA and this is good continuation for the possible Elliot Wave 5.

Most indicators indicate FBMKLCI is bullish biased. The STC spikes up strongly to hit 100%, RSI passed 70 level; the momentum re-surfaces to above zero level. The MACD hook up again with histogram forming round bottom now. The next possible FBMKLCI resistance level is 1383 (the upper resistance line of the ascending wedge) and 1400 psychological level whereas the nearest possible support range is 1370 and the BMB10 around 1363.

FKLI is bullish, up 14.5 points breaking the previous closing peak 1374.5 and closed at 1384. The short term view is still bullish however we saw a possible of bearish divergence formation like what we mentioned on FBMKLCI.

FCPO is under correction due to the lower export data (Aug’ 1-15) and also the Soya oil started to correct.

At the time of writing at 6:00 pm,
Europe bourses rally about 0.8 to 1.3%
Crude oil up +1.2% at $76.14
Soya bean up +0.41% at $10.575
Soya Oil up +0.83% at $0.4242
USD index down -0.47% at 82.245
The mini Dow Jones up +47 points at 10320
3rd month FCPO (Nov) closed at 2646 (-32 points)

Technical Commentary 16/8/10

FBMKLCI continues the rebound with strength and volume. It finally closed marginally higher than previous peak at 1370.58 up by +10.43 (+0.77%). If we can maintain the same momentum, we expect it will further test the next levels like 1380 to 1400.

The overall market’s sentiment is considered as bullish biased, there were 405 up counters and 320 down counters with the market total traded volume of 973 MIL shares, that’s slightly decreased by -2%. The trading volume is very much above 40 days VMA and this is good continuation for the possible Elliot Wave 5.

Most indicators indicate FBMKLCI is bullish biased due to more gainers than the losers. The STC spikes up strongly to hit 100%, RSI almost at 70, momentum re-surfaces to above zero level. The MACD hook up again with histogram forming round bottom now. The next possible FBMKLCI resistance levels are 1373 and 1383 (the upper resistance line of the ascending wedge) whereas the nearest possible support range is 1363-1366 and dynamic ema14.

FKLI is bullish, up 8 points breaking the previous closing peak (1367) and closed at 1369.50. It may retest previous peak of 1374.5 then the upper resistance line of ascending wedge at 1376, and may be even higher toward 1380-1390 if FBMKLCI can maintain its momentum like today.

FCPO down by due to the Soya bean and Soya oil prices were retreated. The USD also retreated that causes commodity prices too.

At the time of writing at 6:01pm,
Europe bourses are down ranging –0.3% to -0.7%
Crude oil up 0.54% at $75.8
Soya bean down -0.26% at $10.4125
Soya Oil down -0.67% at $0.4285
USD index down -0.44% at 82.67
The mini Dow Jones down -10 points at 10256
Nov FCPO closed at 2678 (-12 points)
Dec FCPO closed at 2670 (-11 points)

FBMKLCI next possible direction

Below is my personal view on the FBMKLCI's direction base on the EW theory and the pattern formation. The next possible target likely between 1380 to 1390. Please donot believe me, it may or may not happen because any bad news around the world can change the direction quickly. Click the chart below for further details.

Technical Commentary 13/8/10

As I mentioned yesterday, technically the candlestick of FBMKLCI was below the Bollinger lower band and it formed a dragonfly’s shape. Potentially there will be a rebound today. Despite DJI down –58 points but our market and the Asian bourses were up. FBMKLCI rebounded strongly with high volume. If it can maintain the same momentum, we expect it will retest 1370 and even may test the next levels like 1380 to 1400. It closed unexpectedly above the BMB10 at 1360 (+10.82, +0.82%) despite the bad news in US are flying around.

The overall market’s sentiment is considered as bullish biased, as there were 502 up counters and 228 down counters with the market total traded volume increased +24.8% at 996 MIL shares. The trading volume is very much above 40 days VMA and this is good start of possible EW5.

Although most of the indicators indicate FBMKLCI is neutral today however it is considered as bullish biased due to the trading volume is surging with gainers more than the losers. The STC also rebounded from 31% to 63.55%, indicates the index is started to rebound strongly. The nearest possible resistance levels for FBMKLCI is the previous high 1370 whereas the nearest possible supports levels is the lower trend line at about 1349 and the FR 23.6% at 1340.

FKLI is bullish, up 15 points and stay above the BMB10, we had advised the investors to close the short position yesterday. Any correction is an opportunity to collect for long position. It may retest 1374.5 and even go higher if FBMKLCI can maintains its momentum like today.

FCPO rebounded strongly due to the Soya bean and Soya oil prices were rebounded. The USD was started to retreat and boost the commodities prices up..

At the time of writing,
Europe bourses are flat to –0.4%
Crude oil up 0.92% at $76.44
Soya bean up +0.88% at $10.375
Soya Oil up 1.86% at $0.4261
USD index down -0.23% at 82.58
The mini Dow Jones up 16 points at 10293
Oct FCPO close at 2718 (+45 points)
Nov FCPO closed at 2690 (+50 points)

Technical Commentary 12/8/10

Due to overnight DJI plunged –265, FBMKLCI open with gap down and went as low as 1342.07 (-10.84) before it rebounded to close at 1349.33 (-3.58, -0.26%). The support level 1340 (FR 23.6%) temporary provides a support for FBMKLCI. It rebounded in the afternoon session and manages to come back to stay above the lower trend line at 1346. Please refer to your Winchart for the lower trend line, which draw across from 27/5 to 6/7.

The overall market’s sentiment is considered as bearish biased, as there were 298 up counters and 383 down counters with the market total traded volume increased +3.7% at 798 MIL shares. The trading volume is above 40 days VMA.

All the indicators indicate FBMKLCI is bearish biased today. The candlestick of FBMKLCI had come out from the Bollinger10 lower band and it has a long shadow below (hammer). This indicates a possible technical rebound tomorrow. The nearest possible resistance levels for FBMKLCI is the BMB10 and the previous high 1370 whereas the nearest possible supports levels is the lower trend line at about 1346 and the FR 23.6%; 1340.

FKLI is bearish – Those shorted from higher points can maintain the short position, otherwise take profit and stay sideline 1st.

FCPO was rebounded in the morning but profit taking toward the late afternoon session due the USD was strengthen again. We expect the consolidation to be continued.

At the time of writing,
Europe bourses are flat
Crude oil down –0.96% at $77.27
Soya bean up +0.42% at $10.1975
Soya Oil down –0.19% at $0.423 (Consider as sideway)
USD index up +0.26% at 82.64 (stronger USD will affect FCPO to rally)
The mini Dow Jones down -8 points at 10329
Oct FCPO close at 2673 (-3 points)
Nov FCPO closed at 2640 (-16 points)

Technical Commentary 11/08/10

Finally FBMKLCI cannot beat the bears and closed below the BBMB10 at 1352.91 (-6.80, -0.5%). Luckily the lower trend line supported it at about 1350. Please refer to your Winchart. Right now it had dipped below the Bollinger10 Mid-band and its short-term view is bearish.
The overall market’s sentiment is considered as bearish biased, as there were 207 up counters and 464 down counters with the market total traded volume increased +14% at 769 MIL shares. The trading volume is above 40 days VMA.

All the indicators indicate FBMKLCI is bearish biased today. The nearest possible resistance levels for FBMKLCI is the previous high 1370 whereas the nearest possible supports levels is the lower trend line at about 1350 and the 23.6% FR 1340.

FKLI is bearish – Aggressive players may maintain short position.

CPO has a minor correction today but it rebounded slightly in the afternoon. We expect it will consolidate 1st before the start of the next trend (it can be up or down).

At the time of writing,
Oct FCPO +7.0, closed at 2677
Europe bourses typically dipped –1.5%
Crude oil down –0.76% at $79.64
Soya bean up +0.1% at $10.23
Soya Oil up +0.17% at $0.423 (Consider sideway)
USD index up +0.68% at 81.475 (stronger USD will affect FCPO to rally)
The mini Dow Jones up -107 points

Technical Commentary 10/8/10

Another consolidation day for FBMKLCI, it dipped below the BBMB10 but it manages to come back to close at the BBMB10 at 1359.71 (-0.95, -0.07%). The overall market’s sentiment is considered as bearish biased, as there were 255 up counters and 409 down counters with the market total traded volume decreased –3.3% at 675 MIL shares. The trading volume is below 40 days VMA now but it is still considered fine during market consolidation.

Some Tech stocks like Eng and Notion rebounded due to oversold however we still advice you to stay away from this sector. The rubbers stocks are rebounding but only a couple of steel stocks are running. The O&G sector still has no sign of rally soon. The China theme like XINQUAN, XDL, MSPORT, HUAAN, CSCSTEL are surging up. The rest of the sectors are either under correction or consolidation stage.

Most the indicators indicate FBMKLCI is consolidation to bearish biased today. The nearest possible resistance levels for FBMKLCI is the previous high 1370 whereas the nearest possible supports levels is the BBMB10 and the 23.6% FR 1340.

FKLI is bearish – Aggressive players may open short position.

As what I predicted yesterday, FCPO take a rest today. Once the correction is done; it may retest 2730 and even has a chance to break 2800 level.

At the time of writing,
Europe bourses dipped –0.5% to -1%.
Crude oil down -1.17% at $80.54 (-0.94)
Soya bean down -0.68% at $10.28 (-0.275 (-0.075)
Soya Oil down –0.28% at $0.4237 (good reason for FCPO correction)
USD index up +0.3% at 81.03 (stronger USD that will stop commodities to rally)
The mini Dow Jones down -72 points

Three Years on, Is the Financial Crisis Over?

Three years ago to the day, BNP Paribas, the French banking giant, suspended redemptions on three funds, marking the beginning of the credit crunch.

The collapse of the US subprime market and its knock-on effects of the mortgage-backed securities market began a series of crisis that have come close to bringing the global economy to its knees.

Three years later, it appears the world remains clouded by uncertainty. Unprecedented actions by central banks and governments across the world have averted a melt-down in the global economy but commentators say we are not out of the woods yet.

"The crisis will be over when bank lending returns to normal, equities rise and risks come down, this has not yet happened," Brendan Brown, head of research at Mitsubishi UFJ Securities, said.

"The major problem is that quantitative easing has been counter-productive. The central banks have stopped prices from falling. When prices fall, people buy but by shoring up asset prices the central bankers have stood in the way of recovery," he added

Source: CNBC/Yahoo Finance
Full Report:: http://finance.yahoo.com/news/Three-Years-on-Is-the-cnbc-870455495.html?x=0&.v=1&sec=topStories&pos=main&asset=&ccode=

馬幣走強衝擊出口公司盈利

今年至今為止，美元兌馬幣下跌8.1%，按年下跌10.0%；歐元兌馬幣匯率也跌15.3%，按年貶跌17.4%；英鎊兌馬幣匯率則跌9.0%及按年貶跌15.7%。

各主要貨幣兌馬幣走軟，預料將負面打擊出口商業績表現，特別是一時不能調整產品銷售價，如膠手套及半導體領域，雖然有關落後期限只是一兩季。

一些企業在海外子公司收入也受匯率衝擊，特別是有關子公司如何對營收貢獻大，影響也相對比較大。

這包括楊忠禮電力（YTLPWR, 6742, 主板基建計劃組）擁有英國的韋塞克斯水務公司；亞通（AXIATA, 6888, 主板貿服組）海外擁有子公司，以及科恩馬集團（KNM, 7164, 主板工業產品組）等。

Source: SinChew 大馬財經
Full details: http://biz.sinchew-i.com/node/37385?tid=5

Technical Commentary 09/8/10

Another consolidation day for FBMKLCI, it dipped below the BBMB10 but it manages to come back to close above the BBMB10 at 1360.66 (+0.21, +0.02%). The Bolliger10 Mid-band is supporting the CI right now.

The overall market’s sentiment is considered as bearish biased, as there were 293 up counters and 402 down counters with the market total traded volume decreased -19% at 699 MIL shares. The trading volume is slightly below 40 days VMA for the 1st time since 15/7/10.

Tech stocks continue to dip further, we advice you stay away from this sector. The rubber stocks are not doing better either but the steel counters may run again. Mudajya recover 12.5% after big dropped last week. The O&G sector still has no sign of rally soon. The plantation sector seems to move up after the spot’s month FCPO rally more RM2800 per ton. The rest of the sectors are either under correction or consolidation stage.

Most the indicators indicate FBMKLCI is consolidation to bearish biased today. The nearest possible resistance levels for FBMKLCI is the previous high 1370 whereas the nearest possible supports levels is the BBMB10 and the 23.6% FR 1340.

FKLI is uncertain, there is no certain trend at this stage.

Third month FCPO continues its strong rally today. We expect FCPO will take a rest any time soon before further rally toward 2800 level.

At the time of writing, Europe bourses rally > +1.2% to 1.5%.
Crude oil up +1.08% at $81.57
Soya bean up +0.87% at $10.425
Soya Oil up +1.76% at $0.4286 (strong rally that will help CPO to rally)
USD index up +0.05% at 80.64 (weak USD that will help the commodities to rally)
The mini Dow Jones up +31 points

Counter to Watch 10-Aug-2010:
LIONIND, XINQUAN









Resemble theme play list to monitor:

Metal & Steel:
LIONIND, CSCSTEL, PMETAL, MELEWAR, SSTEEL, ANNJOO, KINSTEL, PERWAJA;

China Group:
MSPORTS, XINQUAN, XDL, HUAAN;

FBMKLCI - Technical Commentary 6/08/10

FBMKLCI was lower by another -1.63 points to close at 1360.45 (-0.12%) and it manages to support at the BBMB10. If it drifts below the BBMB10 by next week, the outlook of the CI will turn bearish.

The overall market’s sentiment is considered as slightly bearish as there were 328 up counters and 367 down counters with the market total traded volume decreased -13% at 866 MIL shares. The trading volume is above 40 days VMA and it is sufficient to absorb any selling pressure.

Today’s FBMKLCI top 5 gaining components (CI gainers) are BAT, MMCCORP, MISC, HLBANK and KLK. The top 5 lagging components (CI losers) are PETDAG, GENTING, TANJONG, MAS and MAYBANK.

The primary and secondary indicators counters
FBMKLCI candlestick stays above the BB10’s mid-band with the BB10 contracted another -33% due the index is moving down and closed to the BBMB10. It considered as neutral to bearish biased. The RSI hooks down slightly above 70 and the MACD hooked down almost crossing the trigger line. This indicates the index is sideway to bearish biased. The STC hooks down below 70 levels but above 50, this indicates the index consolidation to bearish biased.

Supports and Resistances
Most the indicators indicate FBMKLCI is consolidation to bearish biased today. The nearest possible resistance levels for FBMKLCI is the previous high 1370 whereas the nearest possible supports levels is the BBMB10 and the 23.6% FR 1340.

Counter to Watch 6-Aug-2010

Possible break up counters details stated within charts:
HSL, PUNCAK

FBMKLCI - Technical Commentary 5/08/10

FBMKLCI closed flat again at 1362.08 (-0.66, -0.05%) however the lower liners are very active. It supported by the Bolliger10 Mid-Band as it fell close to it and rebounded from there.
The overall market’s sentiment is considered as mixed today as there were 362 up counters and 349 down counters with the market total traded volume increased by 22.5% to 993 MIL shares. The trading volume is above 40 days VMA and it is sufficient to absorb any selling pressure.

Today’s FBMKLCI top 5 gaining components (CI gainers) are BAT, MAS, GENTING, AXIATA and PPB. The top 5 lagging components (CI losers) are SIME, BJTOTO, PBBANK, MMCCORP and DIGI.

The primary and secondary indicators counters
FBMKLCI candlestick stays above the BB10’s mid-band with the BB10 contracted another -6% due the index closed –0.66 points today. It is still well position above the EMA 14/21/31 but it considers sideway. The RSI hooks up slightly but the MACD hooked down slightly, this indicates the index is consolidation. The STC hooks down and almost touching the 70 levels, this indicates the index still in the bullish zone although it was closing flat.

Supports and Resistances
Most the indicators indicate FBMKLCI is consolidation today. The nearest possible resistance levels for FBMKLCI is the previous high 1370 and the range from 1380 to 1390 whereas the nearest possible supports levels is the BMB10 and the 23.6% FR 1340. Please refer to the daily chart below.

FBMKLCI - Technical Commentary 4/08/10

FBMKLCI was traded sideway below yesterday’s closing points for the whole session. Although it pushed up during the closing level but it still closed negative at 1362.74 (-1.09, -0.08%). The Bollinger10 is contracted 6% due to consolidation today. Nevertheless the CI still above the BMB, the up-trend may not end yet unless it breaks below the BMB for the next few days.

The overall market’s sentiment is considered as slightly bearish today as there were 322 up counters and 363 down counters with the market total traded volume decreased -26% at 811 MIL shares. The trading volume is above 40 days VMA and it is sufficient to absorb any selling pressure.

Today’s FBMKLCI top 5 gaining components (CI gainers) are PATDAG, PPB, TANJONG, DIGI and HKBANK. The top 5 lagging components (CI losers) are GENTING, BAT, CIMB, AXIATA and PLUS.

The primary and secondary indicators
FBMKLCI candlestick stays above the BB10’s mid-band with the BB10 contracted -6% due the index closed –1.09 points today. It is still well position above the EMA 14/21/31 but it considers sideway. The RSI hooks down to 70 but the MACD was flat, this indicates the index is consolidation. The STC hooks down below 90% but still above, this indicates the index still considers as in the bullish zone.

Supports and Resistances
Most the indicators indicate FBMKLCI is consolidation today. The nearest possible resistance levels for FBMKLCI is the previous high 1370, 1380 and 1390 whereas the nearest possible supports levels is the BMB10 and the 23.6% FR 1340.

FBMKLCI - Technical Commentary 2/08/10

FBMKLCI opened with gap up and went as high as 1370.52 (+6.92) before profit taking activity took place. It was then traded sideway below yesterday closing points before closed flat at 1363.83 (+0.23, +0.02%). There are many 2nd and 3rd liners are heavy corrected today.

The overall market’s sentiment is considered as bearish today as there were 250 up counters and 479 down counters with the market total traded volume increased 14.7% at 1.1 BIL shares. The trading volume is above 40 days VMA and it is sufficient to absorb selling pressure. In another word the selling is heavy for certain counters (top volume today loss –31.37% with >200 million shares exchanged)

Today’s FBMKLCI top 5 gaining components (CI gainers) are BAT, PPBABK, PETDAG, PPB and AXIATA. The top 5 lagging components (CI losers) are GENTING, HLFG, DIGI, MAS and MMCCORP.

The primary and secondary indicators
FBMKLCI candlestick stays above the BB10’s mid-band with the BB10 contracted -4% due the index closed flat today. It is still well position above the EMA 14/21/31. This indicates the CI is bullish biased. The RSI is flat but the MACD line continues to hook up, this indicates the index is bullish biased. The STC continues to stay above 80%, this indicates the index still considers as bullish.

Supports and Resistances
Most the indicators indicate FBMKLCI is bullish biased although it traded sideway today. The next possible resistance range for FBMKLCI is 1380 to 1390 whereas the nearest possible supports levels is the BMB(10) and the 23.6% FR 1340. Please refer to the picture below.

Counters to Watch 3-Aug-10

Today mainly still the 2nd & 3rd liners are "poping". Mostly on the metal or steel theme and property theme that are performing.
















To watch themes:
Metal/Steel: Tatgiap, Annjoo & WB, Ssteel, Lionind, Lbalum, Cscteel, Perwaja;
Property: Sunway &WC, Pjdev, YNHprop, L&G, Mulpha;
Water: Jaks, Khsb, Puncak;
IT/Tech: Ebworx, Gpacket &WA, Oskvi;
Others: Ramunia, Petra, Knm, Yunkong, Dayang;

FBMKLCI - Technical Commentary 02/08/10

FBMKLCI opened with gap up of +3.31 points at 1364.23 however it started to cool down at 9:30am. Nevertheless it maintains bullish through out the session and closed at 1363.60 (+2.68, +0.20%), another new high for FBMKLCI. The candlestick formed a DOJI at the closing; this indicates the direction is unclear.

The overall market’s sentiment is considered as bullish today as there were 494 up counters and 280 down counters with the market total traded volume increased 5% at 963 MIL shares. The trading volume is above 40 days VMA and it is sufficient to keep the market “RED HOT”.

Today’s FBMKLCI top 5 gaining components (CI gainers) are TANJONG, GENM, PETGAS, CIMB and TM. The top 5 lagging components (CI losers) are RHBCAP, PETDAG, HLBANK, AMMB and PLUS.

The primary and secondary indicators
FBMKLCI candlestick stays above the BB10’s mid-band with the BB10 opened another 8% due the index up another 2.68 points. It is well position above the EMA 14/21/31. This indicates the CI is bullish biased. The RSI is flat but the MACD continues to hook up, this indicates the index is bullish biased. The STC continues to stay above 80% and hit 100%, this indicates the CI is bullish but also indicates the CI components are overbought.

Supports and Resistances
Most the indicators indicate FBMKLCI is bullish biased. The next possible resistance range for FBMKLCI is 1380 to 1390 whereas the nearest possible supports levels is 1350 near the BMB(10). If it further breaks down, the next support level will be 23.6% FR 1339. Please refer to the picture below.