Malaysia Futures Options: July 2011

Wednesday, July 27, 2011

Bursa Malaysia FKLI Futures Trading Pivot Review For 28 July 2011

FKLI MALAYSIA PIVOT FOR 28 JULAI 2011

Malaysia Futures ( FKLI ) Suggestion Spot : (+/-) 2 point will vary.

Short Term Target : 1532-1522 “Buy On Dip “zone area but pls do check our “TS” in handy ^_^

Here is Tokan Pivot for tomorrow for a guide

For FKLI Buy/Long :

1st = 1532.5 ( BEST SPOT )

2nd = 1540 ( BEST SPOT )

3rd = 1543

4th = 1546

For FKLI Sell/Short :

1st = 1560

2nd = 1563

3rd = 1567

4^th = 1574.5

“BUY ON DIP” J

READ MORE PREVIOUS ARTICLE REGARDING TRADING OPINIONS ON 28 JULY 2011

Bursa Malaysia Review on KLSE FBM KLCI : Malaysian Stocks May Extend Losses

The Malaysian stock market turned right back to the downside again on Wednesday, one day after it had halted the two-day losing streak in which it had fallen more than 6 points or 0.4 percent. The Kuala Lumpur Composite Index finished just below the 1,560-point plateau, and now investors are bracing for continued weakness when the market kicks off trade on Thursday.

The global forecast for the Asian markets is broadly negative thanks to debt concerns in Europe and debt limit woes in the United States. Financials figure to see heavy selling pressure, as do the technology stocks. The European and U.S. markets finished sharply lower, and the Asian markets are expected to open in similar fashion.

The KLCI finished slightly lower on Wednesday as losses from the financial shares and industrial issues were offset by gains from the plantation stocks.

For the day, the index eased 3.60 points or 0.23 percent to finish at 1,558.17 after trading between 1,557.26 and 1,565. Volume was 1.05 billion shares worth 1.7 billion ringgit. There were 383 gainers and 320 decliners, with 343 stocks finishing unchanged.

Among the actives, Sarawak Consolidated, Petronas Gas, United Plantations, Axiata, Telekom, Kuala Lumpur Kepong and Kulim all finished higher, while Maybank, CIMB Group, Petronas Chemicals and Sime Darby all ended lower.

READ MORE PREVIOUS ARTICLE REGARDING TRADING OPINIONS ON 28 JULY 2011

Debt Limit Worries Lead To Sell-Off On Wall Street -Dow Jones Review

Stocks moved sharply lower over the course of the trading day on Wednesday, as traders expressed concerns about the impact of a default by the U.S. government amid indications that lawmakers in Washington continue to struggle to reach an agreement on raising the debt limit.

The major averages posted steep losses, ending the session near their worst levels of the day. The Dow fell 198.75 points or 1.6 percent to 12,302.55, the Nasdaq plummeted 75.17 points or 2.7 percent to 2,764.79 and the S&P 500 dropped 27.05 points or 2 percent to 1,304.89.

The sell-off on Wall Street came as traders worried about whether lawmakers will be able to reach an agreement in time to prevent a government default and allow the U.S. to maintain its AAA credit rating.

With the deadline to raise the debt ceiling and avoid a default less than a week away, Democrats and Republicans seem to be becoming more entrenched in their positions, raising concerns about whether they will be able to reach a compromise.

Most lawmakers agree that the debt limit should be raised, but there is an ongoing debate about the size of the increase and an accompanying budget deficit reduction.

Additional selling pressure was generated by the release of a report from the Commerce Department showing an unexpected drop in durable goods orders in the month of June, with the decrease largely due to a sharp drop in orders for transportation equipment.

The report showed that durable goods orders fell by 2.1 percent in June following a 1.9 percent increase in May. The steep drop in orders came as a surprise to economists, who had been expecting orders to increase by about 1.0 percent.

Excluding an 8.5 percent drop in orders for transportation equipment, durable goods orders edged up by 0.1 percent in June compared to a 0.7 percent increase in May.

Stocks saw further downside in late-day trading following the release of the Federal Reserve's Beige Book report, which noted that the pace of economic growth has moderated in many of the twelve Federal Reserve Districts.

While traders also reacted negatively to disappointing earnings news from companies such as Juniper Networks (JNPR), shares of Amazon (AMZN) bucked the downtrend after the online retailer reported better than expected second quarter earnings.

Amazon rose by 3.9 percent after reporting second quarter earnings that fell to $0.41 per share but came in above analyst estimates for $0.35 per share. The company also reported stronger than expected revenue growth and provided upbeat revenue guidance.

Dow Jones Review : DJIA Sinks, VIX Soars as Debt-Ceiling Deadline Looms Large

The Dow Jones Industrial Average (DJIA) spent a fourth straight session in the red today, after the Congressional Budget Office (CBO) fanned the debt-ceiling flames. Specifically, the CBO said budget proposals on both sides of the political aisle failed to live up to their cost-cutting projections, sending House Speaker John Boehner and Senate Majority Leader Harry Reid scrambling for the proverbial White-Out. Meanwhile, the latest round of domestic data only added insult to injury, after the Commerce Department reported a surprise drop in durable goods. The combination of a looming debt-ceiling deadline and an uninspiring economic report set the stage for another broad-market selling spree, and bolstered the CBOE Market Volatility Index (VIX - 22.98) -- or Wall Street's "fear barometer" -- to its best finish in four months.

The Dow Jones Industrial Average (DJIA – 12,302.55) once again settled near an intraday low, surrendering 198.8 points, or 1.6%, to mark its worst session since June 1. However, the index found an eleventh-hour foothold atop the 12,300 level -- home to its 40-day moving average. Among the Dow's components, a solid earnings showing helped Boeing (BA) to a 0.7% gain, while AT&T (T) eked out a fractional gain -- making it the only other blue chip to buck the trend. On the flip side, Caterpillar (CAT) and Cisco Systems (CSCO) paced the 28 declining equities, each swallowing a 3.7% loss by the close.

Meanwhile, the S&P 500 Index (SPX – 1,304.89) also steepened its losses as the session progressed, giving up 27.1 points, or 2%, by the time the dust settled. As such, the broad-market barometer ended south of its 10-day and 20-day moving averages for just the second time since late June. Finally, the Nasdaq Composite (COMP – 2,764.79) fared the worst of the three, backpedaling 75.2 points, or 2.7%, as poor earnings from Juniper Networks (JNPR) exacerbated the broad-market headwinds. As a result, the tech-rich COMP is now trading beneath its own 10-day and 20-day trendlines for the first time since June 24, and south of the 2,800 level for the first time since July 18.

Turning to equities in focus, sector peers Aetna (AET) and WellPoint (WLP) posted differing second-quarter results ... Panera Bread (PNRA) failed to meet same-store sales expectations ... Call holders took profits in the wake of Cardiome Pharma's (CRME) recent rally ... Post-earnings call volume revved higher on Ford Motor (F) ... Amazon.com (AMZN) reached a new multi-year high after an impressive quarterly report ... Starbucks (SBUX) scored an upgrade ahead of its third-quarter earnings release ... and today's Quote of the Day comes from Representative James Lankford (R-OK). With the debt-ceiling clock ticking, conservatives who once opposed House Speaker John Boehner's budget plan suggested they could change their minds. Why? As Lankford clearly explains.

READ MORE PREVIOUS ARTICLE REGARDING TRADING OPINIONS ON 28 JULY 2011

Bursa Malaysia KLSE FBM KLCI Review : KL bourse mixed after choppy trade

Share prices on Bursa Malaysia ended mixed yesterday with investor interest confined to selective sectors and stocks, dealers said.

The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) fell 3.6 points, or 0.23 per cent, to 1,558.17. It opened 0.18 point firmer at 1,561.95 and hovered between 1,557.26 and 1,565 in choppy trade.

Investors focused on selected blue chips such as Axiata, which gained 1 sen to RM5.14, Telekom added 8 sen to RM4.07, KLK rose 6 sen to RM21.74 and Kulim increased 17 sen to RM3.74.

Dealers said the market was concerned over progress in the plan to lift the US debt ceiling that has triggered a broad sell-off in risky assets worldwide.

Investors also took the cue from the negative US equity indexes which slipped between 0.1 per cent and 0.7 per cent on the back of news that there was still no breakthrough in the federal debt limit standoff.

The Finance Index fell 32.31 points to 14,744.99 and the Industrial Index lost 12.18 points to 2,859.67. The Plantation Index, however, rose 29.48 points to 7,749.79.

The FBM Emas Index decreased 3.8 points to 10,736.01, FBMT100 declined 5.13 points to 10,736.01 and the FBM ACE Index fell 5.78 points to 4,139.71.

Market breadth was positive with advancers leading decliners by 383 to 320 while 343 counters closed unchanged and 449 others untraded.

Actively-traded ICT services provider Prestariang, which debuted on the Main Market, closed at 74 sen, down 16 sen against its offer price of 90 sen.

Ingenuity Solutions-Wa was flat at 2.5 sen, KNM added 9 sen to RM1.99, Ingenuity Solutions fell half sen to 6.5 sen and Zelan gained 1 sen to 40 sen.

Among heavyweights, Maybank and CIMB fell 1 sen each to RM8.84 and RM8.39 respectively, Petronas Chemicals declined 9 sen to RM6.92 and Sime Darby decreased 2 sen to RM9.18.

Among top gainers, Sarawak Consolidated gained 30 sen to 65 sen, Petronas Gas and United Plantations rose 20 sen each to RM13.38 and RM20.20 respectively, SIG Gases added 17.5 sen to 99 sen and BIG Industries increased 17 sen to 39 sen.

Meanwhile, the FBM KLCI futures contracts on Bursa Malaysia Derivatives closed lower yesterday amid lack of buying interest, dealers said.

July 2011 and September 2011 declined 7 points each to settle at 1,552 and 1,552 respectively, while August 2011 fell 7.5 points to 1,551 and December 2011 decreased 5 points to 1,554. - Bernama

READ MORE PREVIOUS ARTICLE REGARDING TRADING OPINIONS ON 28 JULY 2011

U.S. stocks fall hard on debt debate, data CBO says Reid plan cuts deficit by $2.2 trillion over 10 years

U.S. stocks fall hard on debt debate, data CBO says Reid plan cuts deficit by $2.2 trillion over 10 years

NEW YORK (MarketWatch) — U.S. stocks were hammered Wednesday with no end in view to political sparring over raising the debt limit and economic data that only heightened uncertainty about the recovery.

“The debate in Washington is creating more and more uncertainty, and the longer it drags on is only going to enhance market anxieties and lead to more volatility,” said Mark Luschini, chief investment strategist at Janney Montgomery Scott. Read more on lawmakers’ latest plans to cut the deficit.

Extending losses into a fourth session, the Dow Jones Industrial Average DJIA -1.59% fell 198.75 points, or 1.6%, to 12,302.55. The rout is the worst for the blue-chip index since June 1.

The Standard & Poor’s 500 Index SPX -2.03% shed 27.05 points, or 2%, to 1,304.89, with technology and industrials the heaviest weights of the index’s 10 industry groups. All groups fell, “indicating investors are just hitting the sell button without distinguishing,” said Luschini.

The Nasdaq Composite Index COMP -2.65% fell 75.17 points, or 2.7%, to 2,764.79.

The selloff extended beyond stocks, to almost every major asset class except the U.S. dollar.

Treasury prices also fell after investors offered tepid demand as the government auctioned $35 billion in five-year notes, with yields on the benchmark 10-year Treasury note 10_YEAR +0.71% rising to 2.978%

Gold futures GC1Z +0.02% for December delivery fell $2 to end at $1,617.30 an ounce, retreating from a string of record closes for bullion, while crude-oil futures CL1U -0.23% slid $2.19 to $97.40 a barrel after government data showed a rise in inventory last week. Read more on gold futures and read more on oil futures.

The dollar index DXY 0.00% rose to 74.09 from 73.501, gaining ground as stocks sold off and as the euro slid.

For every stock that rose, more than nine fell on the New York Stock Exchange, where nearly 1.1 billion shares traded. Composite volume topped 4.6 billion.

Helping fuel worries about industrials firms, conglomerate Emerson Electric Co. EMR -0.99% warned on Wednesday of slowing economies in the U.S. and in Europe.

Investors did embrace the market debut of Dunkin’ Brands Group Inc. DNKN +47.32% , with shares of the initial public offering rising 53% to $28.97 a piece.

“News on the corporate profit front has been good, but the market is of the opinion that companies really have to surprise to the upside to get the benefit of the doubt,” Luschini said.

Wall Street’s nerves frayed as the deadlock over raising the debt limit showed few signs of abating in Washington, with a House vote on Speaker John Boehner’s plan to raise the debt ceiling and trim the deficit delayed at least a day.

Adding further fodder to the debate, the Congressional Budget Office said Senate Majority leader Harry Reid’s deficit-reduction plan would cut projected deficits by $2.2 trillion over 10 years, $500 billion less than the $2.7 trillion in future cuts estimated by the Nevada Democrat.

The CBO found a competing plan sponsored by Ohio Republican Boehner would cut the deficit by $850 billion over 10 years, $350 billion short of the $1.1 trillion he projected.

Tuesday, July 26, 2011

BURSA MALAYSIA FUTURES TRADING REVIEW 27 July 2nd Half and KL shares mixed at midday

Share prices on Bursa Malaysia ended mixed at the end of the morning session today, although Wall Street and most regional markets chalked up losses, dealers said.

At 12.30pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,561.87 or 0.01 per cent higher. It had opened 0.18 of point firmer at 1,561.95.

Dealers said investors remain concerned over progress on a plan to lift the US debt ceiling that has triggered a broad sell-off in risky assets.

In moderate trading, market breadth was negative with 291 losers against 297 gainers.

Volume stood at 539.88 million shares valued at RM716.71 million.

The Finance Index rose 9.5 points to 14,786.8, the Plantation Index rose 46.04 points to 7,766.35 and the Industrial Index declined 10.37 points to 2,861.48.

The FTSE Bursa Malaysia Emas Index rose 10.57 points to 10,750.38, the FTSE Bursa Malaysia Mid 70 Index advanced 54.159 points to 11,845.6 and the FTSE Bursa Malaysia Ace Index decreased 46.34 points to 4,099.15.

Among actives, newly-listed Prestariang fell 11.5 sen to 78.5 sen, Ingenuity Solutions-Wa was flat at 2.5 sen and KNM rose 17 sen to RM2.07.

For the heavyweights, Maybank fell two sen to RM8.83, CIMB gained one sen to RM8.41 and Petronas Chemicals declined four sen to RM6.97. -- Bernama

Here some updated 60 minute Andrew Pitchfork Chart For Fellow Traders Out There…Ok gtg good luck..hope this can be a refreshment for your trading review today.

Bursa_malaysia_fkli_futures_trading_60_minute_trading_andrew_pitchfork_chart_review_for_26_july_2011_2nd_half

READ MORE PREVIOUS ARTICLE REGARDING TRADING OPINIONS ON 27 JULY 2011

U.S. stock futures and U.S stock slump on debt-ceiling gridlock : Investors also await more corporate earnings reports

U.S. stocks decline on stalled debt efforts

Industrials sector is the hardest hit after 3M results disappoint

NEW YORK (MarketWatch) — U.S. stocks closed near session lows Tuesday as the extended standoff in Washington over hiking the debt ceiling went unresolved.

“Profits drive stock prices and profits are phenomenal, but it just seems that the private sector is in its own little oasis now,” Jack Ablin, chief investment officer at Harris Private Bank, said of Wall Street’s focus on what he called Washington‘s “ideological divide.“

NEW YORK (MarketWatch) — U.S. stocks closed near session lows Tuesday as the extended standoff in Washington over hiking the debt ceiling went unresolved.

“Profits drive stock prices and profits are phenomenal, but it just seems that the private sector is in its own little oasis now,” Jack Ablin, chief investment officer at Harris Private Bank, said of Wall Street’s focus on what he called Washington‘s “ideological divide.“

In its third straight losing session, the Dow industrials DJIA -0.73%   fell 91.50 points, or 0.7%, to 12,501.30, with 24 of its 30 components declining. Losses were led by 3M Co. MMM +0.36% , which fell 5.4%. The industrial giant said its quarterly results were dented by the disaster in Japan and declining demand for LCD televisions.

The S&P 500 Index SPX -0.41%   fell 5.49 points, or 0.4%, to 1,331.94, with industrials the hardest hit and technology up the most among its 10 industry groups.

Falling the most among the index’s components, AK Steel Holding Corp. AKS +0.39%   shares declined 17% after the company forecast a drop in third-quarter shipments due to higher costs for raw materials.

The Nasdaq Composite Index COMP -0.10%    shed gains by the close, edging down 2.84 points, or 0.1%, to 2,839.96.

Treasury prices gained as expectations that U.S. lawmakers would agree to hike the U.S. debt ceiling and avoid a default heightened investor demand at Tuesday’s auction of $35 billion in two-year notes. Yields on the 10-year note 10_YEAR +0.30% , which move inversely to prices, fell 4 basis points to 2.96%. Read more on bonds.

Taxing issues

Equities displayed little reaction to a combination of improved consumer confidence and slightly lighter new-home sales data, with the focus remaining on the political stalemate that had President Barack Obama calling for a compromise on hiking the debt ceiling, with an Aug. 2 deadline just a week away.

On Capitol Hill, Republicans and Democrats labored to round up votes for dual debt proposals to avoid a potential default.

“Each day they fail to come to an agreement is bringing in some nervous selling pressure. It’s very distracting for investors who don’t know how to position themselves,” said Marc Pado, U.S. market strategist at Cantor Fitzgerald.

“Earnings and the economy, that’s what I’d rather talk about, but we can’t focus on that with such an overwhelming negative out there,” he added.

For every one stock rising, two fell on the New York Stock Exchange, where 837.2 million shares traded by the closing bell.

On the New York Mercantile Exchange, gold futures GC1Q +0.17%    ended at a record $1,616.80 an ounce, while crude futures rose to finish at $99.59 a barrel

Caveat emptor !!!!

NEW YORK (MarketWatch) — U.S. stock futures dropped and gold hit a record on Monday after President Barack Obama and Congress failed to reach a debt-ceiling deal, hiking fears of a U.S. downgrade.

“This cannot go on forever. At some stage in the next two weeks, we will either have a default, a downgrade or a deal,” said David Kelly, chief market strategist at J.P. Morgan Funds, of the scenario that in the latest twist, has a divided Congress preparing rival budget plans.

Futures on the Dow Jones Industrial Average DJ1U -0.94%  fell 89 points, or 0.7%, at 12,532 and those on the Standard & Poor’s 500 stock index SP1U +0.03%  slumped 10.70 points to 1,330.3.

Nasdaq 100 futures ND1U -0.07%  shed 16.25 points to 2,411.75.

Gold futures for August deliveryGC1Q +0.18% hit a record $1,624.30 an ounce on the Comex division of the New York Mercantile Exchange. Read more on gold.

During the weekend, talks between Obama and Republicans in Congress failed to yield a plan to raise the U.S. debt ceiling. Read more on the U.S. debt stalemate.

“With the world’s largest economy now just eight days away from running out of money, once again we’re left looking at the unthinkable proposition that Washington is pushed to default on interest repayments and the whole concept of the risk-free rate of return is thrown into turmoil,” said Chris Weston, market analyst with IG Markets, in a note.

Adding to global concerns, ratings agency Moody’s Investors Service downgraded Greece’s sovereign debt by three notches, just days after euro-zone countries agreed to provide another debt-support package.

Markets in Asia as well as in Europe also slumped on concerns the global debt crisis will further hit growth and demand. Japan’s Nikkei JP:NIK +0.48%  ended 0.8% lower, while Hong Kong’s Hang Seng Index HK:HSI +1.25%  dropped 0.7%.

The Stoxx Europe 600 index XX:SXXP -0.44%  fell 0.3% in midday trading.

On the corporate front this week, Wall Street awaits more quarterly financial results including those from Texas Instruments Inc. TXN +0.32%  later on Monday. The firm, which lowered its sales and earnings outlooks in June, is expected to post earnings of 54 cents a share, on revenue of $3.44 billion, according to the average forecast of analysts surveyed by FactSet Research. Read more on Texas Instruments’ earnings.

Earlier, oil-field services company Baker Hughes Inc. BHI -0.10%  said second-quarter net profit more than tripled to $338 million, or 77 cents a share.

In the currency markets, the dollar index DXY +0.07% , which tracks the performance of the greenback against a basket of other major currencies, slipped to 74.112

White House threatens veto of Boehner debt bill

Hahaha……what a talk…sure use VETO power liao… Ellection is near Mr Kobama :p

WASHINGTON (MarketWatch) -- President Barack Obama's advisers would recommend that he veto a bill authored by House Speaker John Boehner to cut government spending and raise the debt ceiling in two stages, the White House said Tuesday. The House is expected to vote on the Republican bill on Wednesday. Senate Democrats have offered a competing proposal to cut spending and lift the debt ceiling. The Treasury Department says the debt ceiling needs to be raised before Aug. 2 or the government will begin defaulting on obligations.

FCPO MALAYSIA CRUDE PALM OIL FUTURES REVIEW FOR 27 JULY 2011

Well im not sure quite about this...well just lets we review FCPO chart that i have draw. What do u think about this?

Like people said " Picture tell 1000 meaning"

Andrew Pitchfork on 60 minute chart

Fcpo_60_minute_andrew_pitchfork_27_july_2011

Decending Triangle On Daily Chart

FCPO Pivot

Malaysia_fcpo_futures_trading_pivot_for_26_july_2011

Sorry no brief explanation can be given..dunno what to say. Anyways Good Luck on FCPO trade on 27 July 2011.

READ MORE PREVIOUS ARTICLE REGARDING TRADING ON FKLI AND FCPO OPINIONS ON 27 JULY 2011

Crude Palm Oil Rises On Tight Supply Prospects; US Debt Weighs

Crude palm oil futures on Malaysia’s derivatives exchange rose Tuesday tracking tight supply prospects for August, although concerns over weak global economic outlook and U.S. debt continue to keep many investors at bay.

Benchmark October CPO on the Bursa Malaysia Derivatives ended 0.6% higher at MYR3,119 a metric ton.

Although CBOT soyoil closed 0.9% lower Monday at 56.95 cents a pound, a consolidation in the range of 55.00-57.50 cents is under way before a breakout towards the 59c/lb level in coming sessions, a Mumbai-based analyst said.

December e-CBOT soyoil was trading 0.1% higher at 57.01c/lb at 1000 GMT, mostly due to firmer crude oil.

Malaysia’s June CPO output rose 0.7% from May to 1.75 million tons while June exports rose 12% to 1.58 million tons, Malaysian Palm Oil Board said July 11.

Palm oil production could dip in August as many workers will be away for the Ramadan fasting month, although exports will likely remain strong, supporting near-term prices, a Kuala Lumpur-based trader said.

Palm oil’s wide price discount to rival soyoil, now around $150/ton, will also encourage countries such as India and China as well as other price-sensitive buyers to increase palm oil purchases, he said.

India’s June palm oil imports rose over 30% to 738,000 tons, Rabobank said in a research report.

China’s June imports were 513,868 tons, the highest this year, Rabobank said.

The bank doesn’t expect a massive selloff in BMD Crude Palm Oil (CPO) “due to continued support from the CBOT soybean complex.”

It said the 2011-12 stocks-to-use ratio of global vegetable oils is expected to drop below 7%, for the first time in nearly 40 years.

However, prices will likely ease from an estimated average of MYR3,000/ton in the third quarter to MYR2,900 ton in the fourth quarter due to easing supplies, the bank forecast Monday.

The market expects fresh cues from a key CPO production and vegetable oils forecast by leading analyst Dorab Mistry at a symposium in Sydney Thursday.

In the cash market, refined palm olein for October, November, and December was traded at $1,105/ton, free on board Malaysian ports, a Singapore-based physical broker said.

Traded volume on the BMD fell to 12,932 lots from 27,685 lots Monday. One lot is equal to 25 tons.

Open interest in crude palm oil futures on the BMD reached 133,648 contracts compared with 133,671 contracts Monday.

Closing BMD Crude Palm Oil (CPO) futures prices in MYR/ton at 1030 GMT:   Month   Close  Previous  Change     High    Low Aug'11  3,117     3,097   Up 20    3,120  3,075 Sep'11  3,119     3,099   Up 20    3,125  3,096 Oct'11  3,119     3,100   Up 19    3,126  3,095 Nov'11  3,119     3,097   Up 22    3,125  3,094

-By Surabhi Sahu, Dow Jones Newswires; +65 6415 4086; surabhi.sahu@dowjones.com

(END) Dow Jones Newswires

July 26, 2011 06:53 ET (10:53 GMT)

READ MORE PREVIOUS ARTICLE REGARDING TRADING OPINIONS ON 27 JULY 2011

Bursa Malaysia Trading KLSE FBM KLCI 60 minute Chart Review For 27 July 2011

BURSA MALAYSIA FUTURES TRADING REVIEW FOR 27 JULY 2011

FKLI FUTURES MALAYSIA PIVOT FOR 27 JULAI 2011

FKLI FUTURES MALAYSIA PIVOT FOR 27 JULAI 2011

Malaysia Futures ( FKLI ) Suggestion Spot : (+/-) 2 point will vary.

Short Term Target : 1545-1550 (Buy on dip) zone area but pls do check our “TS” in handy ^_^

Here is Tokan Pivot for tomorrow for a guide

For FKLI Buy/Long :

1st = 1542.5 ( BEST SPOT )

2nd = 1548 ( BEST SPOT )

3rd = 1551

4th = 1554

For FKLI Sell/Short :

1st = 1564.5 ( BEST SPOT )

2nd = 1567.5 ( BEST SPOT )

3rd = 1570.5

4^th = 1575.5

5^th = 1581

P/S : TS IS TRAILING STOP. PLS MINIMIZE YOUR RISK WISELY

READ MORE PREVIOUS ARTICLE REGARDING TRADING OPINIONS ON 27 JULY 2011

Bursa Malaysia Trading KLSE FBM KLCI 60 minute Chart Review For 27 July 2011

BURSA MALAYSIA FUTURES TRADING REVIEW FOR 27 JULY 2011

BURSA MALAYSIA FUTURES TRADING REVIEW FOR 27 JULY 2011

Malaysia Futures Trading FKLI 60 minute Chart By Tokan Corner : As the chart and Andrew Pitchfork show. The FKLI has stopped above upperline of Andrew resistance line. Last Tuedays has opened in weak then rebounced based oversold technical rebounced. Now the market are bit curious regarding United State Debt Deal, thus it mean this week will be a crucial week. If the debt plans goes well the market will skyrocket and if not what we fear the “2 Dip Recession” will haunt us. So as an advise better close your position on next Friday if you cannot bear the risk. Lets watch “ Obama Vs Boehner”

Ok lets go back to the chart, any changes will show us some hints on tomorrow Wednesday. If the markets can broke above 1565 it might be a rally again to charge 1575+ -1580. If not get ready for a rollercoaster. :p ( 1550 – 1545 Buy On Dip )

If open at upper line go fo short and pls prepare your TS. Make it handy

Bursa Malaysia KLSE FBM KLCI Review : FBM KLCI slips below 1,560

THE FTSE Bursa Malaysia KLCI (FBM KLCI) slipped below the 1,560-point level yesterday as regional markets were pulled down by the debt impasse in Washington which may trigger the first-ever US debt default.

The key Bursa Malaysia barometer which opened 0.4 point better at 1,565.46 and hit a low of 1,558.51 before ending at 1,559.6 or 5.46 points easier compared with the close on Friday.

Affin Investment Bank's head of retail, Dr Nazri Khan, said that the US deadlock was temporary as the lawmakers eventually would come out with a last-minute consensus.

"Although the debt ceiling talks have no fresh direction or progress so far, market players are still hopeful there will be an agreement before August 2," he said. "On the local front, we lack catalysts and leads."

The Finance Index lost 73.52 points to 14,737.61 but the Industrial Index gained 0.15 points to 2,868.05 and the Plantation Index rose 22.81 points to 7,720.92.

The FTSE Bursa Malaysia Emas Index dropped 47.359 points to 10,719.07, the FTSE Bursa Malaysia Mid 70 Index decreased 79.396 points to 11,749.23 and the FTSE Bursa Malaysia ACE Index shed 50.75 points to 4,119.36.

Volume leader Ingenuity Solutions-WA slipped 1 sen to 3.5 sen. Ingenuity Solutions eased 1 sen to 7.5 sen, Wijaya Baru Global-WA earned 4 sen to 15.5 sen and Bumi Armada inched down 9 sen to RM4.08.

Debutante Hibiscus Petroleum was among the active counters, dropping 9.5 sen to 53 sen but its warrants rose 1 sen to 13.5 sen.

Among heavyweights, Maybank was unchanged at RM8.83, CIMB dipped 8 sen to RM8.45, Petronas Chemicals eased 3 sen to RM7.01 and Sime Darby dwindled 1 sen to RM9.19.

Market breadth was negative with losers outnumbering gainers 505 to 203 while 291 counters were unchanged, 500 untraded and 27 others suspended.

A total of 857.415 million shares valued at RM1.361 billion changed hands compared with 1.166 billion shares worth RM1.993 billion last Friday.

On Bursa Malaysia Derivatives, FBM KLCI futures contracts closed lower in line with the bearish cash market.

July 2011 dropped 10.5 points to 1,557, August 2011 slipped 12 points to 1,556, September 2011 lost 11 points to 1,557.5 and December 2011 dipped 11.5 points to 1,556.5.

Volume rose to 10,716 lots from 4,708 lots on Friday but open interest fell to 22,673 contracts from 22,719 previously. – Bernama

READ MORE PREVIOUS ARTICLE REGARDING TRADING OPINIONS ON 26 JULY 2011

Bursa Malaysia KLSE FBM KLCI Review :KL shares close higher

Share prices on Bursa Malaysia closed higher today on active buying of bluechips, particularly finance and plantation,

and in line with gains on regional markets, dealers said.

Gains in BAT and DRB Hicom pushed the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) to close higher by 2.17 points or 0.14 per cent to 1,561.77.

The index had opened 2.13 points easier at 1,557.47 and hovered between the 1,554.58 and 1,561.91 levels in moderate trading. BAT rose 30 sen to RM46.80 and DRB Hicom added 29 sen to RM2.24.

The stock market started out in negative territory due to selling pressure, continuing from where it left off on Monday, according to HwangDBS Vickers Research.

The market also took cue from the US market's overnight weak close, which saw its key equity indices dipping between 0.6 per cent and 0.7 per cent, it said in a research note.

However, the market posted moderate gains towards mid-day, tracking regional markets which edged higher after US President Barack Obama expressed confidence that the current stalemate over increasing the nation's debt ceiling can be resolved, a dealer said.

"It's a positive development and can make a huge impact on our stock market," the dealer added.

The Finance Index rose 39.689 points to 14,777.3, the Plantation Index fell 0.61 of a point to 7,720.31 and the Industrial Index added 3.8 points to 2,871.85.

The FBM Emas Index increased 20.739 points to 10,739.81 and the FBMT100 gained 19.6 points to 10,518.6 and the FBM Ace Index improved 26.13 points to 4,145.49.

The overall market breadth was positive with advancers leading decliners by 374 to 334 while 325 counters closed unchanged and 462 others untraded.

Volume rose to 1.04 billion shares valued at RM1.54 billion from the 810.53 million shares worth RM1.57 billion yesterday.

Actively-traded, Ingenuity Solutions-Warrant fell one to 2.5 sen, Hibiscus Petroleum-Warrant rose 3.5 sen to 17 sen, Jotech added half a sen to 15.5 sen and Axiata increased three sen to RM5.13.

Animal feed maker, Peterlabs Holdings, which made its debut on the Ace Market at half-a-sen premium over its offer price of 30 sen, declined six sen to 24 sen.

Among heavyweights, Maybank rose two sen to RM8.85, CIMB fell five sen to RM8.40, Petronas Chemicals was unchanged at RM7.01, Sime Darby added one sen to RM9.20 and Axiata increased three sen to RM5.13.

Among top gainers, Coastal Contracts Bhd-Wa rose 31 sen to 61.5 sen, Zecon Bhd-Wa added 30.5 sen to 44.5 sen, QSR Brands-Wa increased 22 sen to RM3.34 and Kwantas gained 19 sen to RM2.29.

Volume on the Main Market rose to 675.684 million shares valued at RM1.5 billion from the 605.085 million shares worth RM1.329 billion on Monday.

Turnover on the ACE Market increased to 289.89 million shares worth RM35.17 million from 186.364 million shares valued at RM18.554 million previously.

Warrants added to 76.05 million units valued at RM11.06 million from 61.623 million units worth RM10.612 million previously.

Consumer products accounted for 26.23 million shares traded on the Main Market, industrial products 164.02 million, construction 61.72 million, trade and services 192.53 million, technology 12.08 million, infrastructure 4.93 million, finance 49.95 million, hotels 355,300, properties 56.23 million, plantations 29.28 million, mining 50,000, REITs 5.85 million and closed/fund 102,500. – Bernama

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