Here Tokan Corner Want To Wish To All Muslim and All Traders " Selamat Hari Raya Aidil Fitri"
" Maaf Zahir Batin"
After showing a lack of direction throughout much of the session, stocks moved sharply higher in the latter part of the trading day on Wednesday. The markets extended the strong upward move seen in the previous session, regaining some ground following the substantial weakness seen in recent weeks.
The major averages all closed firmly in positive territory, near their best levels of the day. The Dow jumped 143.95 points or 1.3 percent to 11,320.71, the Nasdaq rose 21.63 points or 0.9 percent to 2,467.69 and the S&P 500 shot up 15.25 points or 1.3 percent to 1,177.60.
The strength in the markets may have been partly due to some upbeat economic data, with a report from the Commerce Department showing a much bigger than expected increase in durable goods orders in the month of July.
The report showed that durable goods orders came in at $201.5 billion, an increase of $7.7 billion or 4 percent from the previous month. Most economists had predicted a more modest 2 percent increase.
Additionally, June orders were revised upward to show a less steep, 1.3 percent decline compared to the 2.1 percent drop initially reported.
Paul Dales, Senior U.S. Economist at Capital Economics, said, "July's U.S. durables goods orders are certainly not as good as they look. Nonetheless, they still suggest that business investment growth may actually accelerate in the third quarter."
However, traders continued to express uncertainty about the next move by the Federal Reserve, looking ahead to Fed Chairman Ben Bernanke's speech at a conference in Jackson Hole, Wyoming, on Friday.
While Bernanke is not expected to announce any specific plans for the Fed, traders will be paying close attention to his remarks for any indications regarding the likelihood of further economic stimulus efforts from the central bank.
Meanwhile, traders largely shrugged off news that Moody's lowered its rating on Japanese government debt. Moody's cut the rating to Aa3 from Aa2, citing "weak" economic prospects that could hamper the government's ability to meet deficit reduction targets.
Sector News
Banking stocks saw considerable strength on the day, helping to lead the markets higher. The KBW Bank Index surged up by 3.3 percent, climbing further off the two-year closing low it set on Monday.
Bank of America (BAC) turned in one of the sector's best performances, jumping by 11 percent after ending the previous session at its worst closing level in well over two years.
Significant strength also emerged among housing stocks, as reflected by the 3.7 percent gain posted by the Philadelphia Housing Sector Index. Within the sector, Toll Brothers (TOL) rose by 4.6 percent after reporting better than expected third quarter earnings.
Defense and utilities stocks also showed strong upward moves, driving the Philadelphia Defense Sector Index and the Dow Jones Utilities Average up by 2.1 percent and 1.9 percent, respectively.
While most of the other major sectors also moved to the upside, gold stocks posted steep losses amid a sharp pullback by the price of the precious metal. The NYSE Arca Gold Bugs Index fell by 2.2 percent, as gold for December delivery plummeted $104 to $1,757.30 an ounce.
Other Markets
In overseas trading, stock markets came under pressure on Wednesday amid the news of the downgrade of Japan's credit rating. Japan's benchmark Nikkei 225 Index fell by 1.1 percent, while Hong Kong's Hang Seng Index dropped by 2.1 percent.
Meanwhile, the major European markets showed notable moves to the upside on the day. The U.K.'s FTSE 100 Index rose by 1.5 percent, the French CAC 40 Index advanced by 1.8 percent, and the German DAX Index surged up by 2.7 percent.
In the bond market, treasuries saw considerable weakness, pulling back further off their recent highs. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, rose by 12.3 basis points to 2.26 percent.
Looking Ahead
While the Labor Department's weekly jobless claims report may attract some attention on Thursday, trading activity may be somewhat subdued ahead of Bernanke's speech on Friday.
Get Ready To Start Engine Guys :)
Get Ready To Fly To The Moon ^_^
Emas jatuh lebih daripada 5%, jatuh di bawah $ 1,700
SAN FRANCISCO-Gold niaga hadapan turun lebih daripada 5% Rabu, perdagangan di bawah $ 1.700 auns dan melanjutkan kerugian untuk hari kedua sebagai pembetulan yang bermula selepas lima rekod dalam enam sesi tiba-tiba mendapat lebih curam.
Emas untuk penghantaran Disember GC1Z -5,45% susut $ 80,20, atau 4.3%, $ 1,781.10 auns pada divisi Comex New York Mercantile Exchange.
Kontrak jatuh $ 30,60 hari Selasa hingga akhir dari $ 1,861.30 auns. Gold terakhir mencecah rekod penyelesaian pada hari Isnin, apabila ia selesai dari $ 1,891.90 auns.
Pelabur ditempah keuntungan mereka selepas gagal untuk menakluk $ 1.900 auns, kata penganalisis. Baca blog post kira-kira 10 emas hari terburuk.
"Orang yang membuat banyak wang dengan cepat meninggalkan perdagangan untuk kembali pada titik yang lebih rendah," kata Matt Zeman, kepala peniaga dan strategis di Kingsview Kewangan di Chicago.
Pelabur memihak pelaburan dianggap lebih berisiko, dengan ekuiti yang lebih tinggi dan dolar yang lebih rendah menggoyahkan kepentingan emas, katanya.
Pasaran juga sibuk dengan bercakap tentang keperluan margin yang mungkin meningkat di Amerika Syarikat selepas Shanghai Gold Exchange menaikkan margin Selasa.
Pelabur bimbang CME Group Inc, ibu bapa Comex syarikat, boleh menyusul. CME menaikkan keperluan margin emas dua minggu lalu bertindak balas kepada turun naik meningkat di tengah-tengah kenaikan mendadak untuk diniagakan dalam beberapa minggu kebelakangan ini.
Emas telah mendapat kira-kira 25% daripada paras terendah dalam awal bulan Julai, dengan kebanyakan penganalisis meramalkan $ 2,000 auns dalam masa beberapa minggu dan bank-bank besar seperti Citigroup dan UBS untuk meningkatkan ramalan harga mereka.
"Langkah-langkah kecil dalam penghindaran risiko global dan seminggu yang lebih atau kurang tenang berikutan turun naik baru-baru ini (dengan beberapa peristiwa makro penting yang dijangka sehingga Jumaat) akhirnya mencetuskan beberapa menyegiempatkan buku sebagai pelabur bergegas untuk menetapkan keuntungan," kata penganalisis di VTB Modal dalam nota .
Harga boleh jatuh satu lagi $ 100 atau $ 200, Zeman Kingsview berkata. "Dalam jangka panjang, saya masih positif pada emas. Sikap tidak bertanggungjawab fiskal here to stay "dan kebimbangan inflasi telah menjalar sehingga, katanya.
Pasaran sedang menunggu untuk mendengar dari Pengerusi Rizab Persekutuan, Ben Bernanke, yang dijadual berucap pada perhimpunan yang terdiri daripada bank-bank pusat di Jackson Hole, Wyo., pada hari Jumaat.
Jangkaan Bernanke tidak akan mendedahkan lebih banyak rangsangan telah juga menyumbang kepada kejatuhan emas.
Pada perhimpunan tahun lalu, Bernanke mengumumkan pusingan kedua pelonggaran kuantitatif. Sebarang tanda-tanda program yang sama mungkin akan memberi manfaat kepada emas.
Terdahulu, Rabu, pelabur bergelut dengan Investors Service berita Moody memotong hutang kerajaan Jepun untuk AA3 dari Aa2 dengan unjuran stabil, memetik defisit yang besar di negara ini dan peningkatan terkumpul dalam hutang kerajaan sejak 2009.
Sementara itu, perak dikesan emas lebih rendah, dengan kontrak September SI1U -6,61% down $ 1.86, atau 4.4%, $ 40,43 auns.
Tembaga menongkah trend negatif. September kontrak logam HG1U 0,08% ditambah kurang dari 1 sen, atau 0.2%, $ 4 £.
Sila study djia chart semasa.
FBM KLCI traded lower at close
KUALA LUMPUR: The FBM KLCI and other stock markets in Asia slipped on Wednesday, as investors took in Moody's downgrade of its rating on Japanese government debt and shrugged off both a surge on Wall Street and fresh efforts by the Japanese government to prop up feeble economic growth.
In the news were CIMB Group Holdings Bhd, which announced record second quarter earnings and Axiata Group Bhd, which also saw its net profit rise in the similar quarter.
However, local airlines Malaysia Airlines (MAS) and AirAsia Bhd saw higher fuel cost eat into their second quarter operating numbers, with MAS posting a net loss of RM526.68mil while AirAsia posted a slight drop in its net profit at RM104.26mil.
Over in Singapore, its inflation accelerated to the fastest pace since January as transportation and housing cost increased. The consumer price index rose 5.4% last monthg from a year earlier, higher than the median survey of 5%.
Meanwhile the Federal Reserve chairman Ben Bernanke will be speaking at an annual gathering in Jackson Hole, Wyoming this Friday. Markets will be searching for something, anything, that indicates whether more stimulus is on the way.
A year ago during this same conference, Bernanke, described all the weapons the Fed had available to rescue the economy. Several months later, the Fed opened its arsenal and began a major asset-purchasing program intended to stimulate growth.
Over in the US, markets closed near session highs, with the Dow Jones posting its biggest gain in almost two weeks, despite a 5.8-magnitude earthquake in Virginia and after investors shrugged off a handful of disappointing economic news.
The Dow Jones Industrial Average added 2.97% or 322.11 points at 11176.76. Nasdaq Composite rose 4.29% or 100.68 points at 2446.06. Standard & Poor's 500 advanced 3.43% or 38.53 points at 1162.35.
On economic data front, new home sales dipped in July, to a five month low, falling nearly 1% to a seasonally adjusted annual rate of 298,000.
At 5pm, the FBM KLCI was down 13.22 points to 1,469.15. There were a total of 209 gainers and 528 losers with 294 stocks unchanged.
Tokyo's Nikkei 225 was down 1.07% to 8,639.61 and Hong Kong's Hang Seng Index was down 2.06% to 19,466.79.
Shanghai's A index was down 0.51% to 2,541.09 while Taiwan's Taiex Index was down 0.63% to 7,502.93.
Seoul's Kospi Index was down 1.23% to 1,754.78, with Singapore's Straits Times Index down 1.57% to 2,721.81.
Nymex crude oil was down $0.21 to US$85.23 per barrel.
Spot gold was up US$23.55 at US$1,852.18 per ounce.
The Ringgit was traded at 2.9785 to the Dollar
“Buy On Dip ( At Support Line) And Sell At resistance ( Upperline )” 
Share prices on Bursa Malaysia finished broadly lower following other regional markets, which also witnessed earlier gains wiped off in a knee-jerk reaction after Moody's cut Japan's credit rating.
At close, the FTSE Bursa Malaysia KLCI (FBM KLCI) dipped 13.22 points or 0.9 per cent to 1,469.15, way off the day's high of 1,487.27, which was spurred by overnight gains on Wall Street on speculation of a stimulus plan to boost the United States' faltering growth. The FBM KLCI had opened 2.78 points higher at 1,485.15.
"The market fell abruptly as investors realised that the downgrade will have a negative effect on rest of Asia, although it is not as bad as U.S.," Jupiter Securities head of research Pong Teng Siew told Bernama here, today.
Moody's Investors Service cited large budget deficits and a buildup of debt since the 2009 global recession to cut its rating on Japan's government debt by one notch to Aa3, which also signals weak growth prospects.
Standard & Poor’s had downgraded the U.S. credit rating to AA+ from AAA.
"The impact of the downgrade is that Tokyo can't give near zero interest rates on government bond but the advantage is that 95 per cent of the government bonds are purchased by the domestic market," he explained.
On the flip side, even the five per cent of external buyers will probably shun away from the market, which doesn't augur well for Tokyo, he said.
A weaker Japanese economy will curtail the world's third largest economy's import capability and that will affect exporting nations like Malaysia, said Pong.
Japan's Nikkei shed 1.07 per cent to 8,639.61, Hong Kong's Hang Seng Index dropped 2.06 per cent to 19,466.79, Singapore's Straits Times Index eased 1.66 per cent to 2719.90 and Taiwan’s Taiex was down 0.63 per cent to 7,502.93.
"With Japan's credit rating being cut, investors turned more pessimistic and we are off for another roller coaster ride," said an analyst.
Globally, stock markets are waiting for some hints from US Federal Reserve Chairman Ben S. Bernanke of a possible stimulus plan this Friday, he said.
However, for now the volatility is here to stay, he warned.
Today, Bursa Malaysia's Finance Index shed 77.82 points to 14,032.16, the Plantation Index dipped 8.11 points to 7,281.83 and the Industrial Index slipped 56.54 points to 2,694.92.
The FBM Emas Index declined 92.88 points to 10,045.23, the FBM70 Index dipped 105.75 points to 10,946.47 and the FBM Ace eased 33.73 points to 3,764.0.
Decliners outnumbered advancers by 528 to 209 while 924 counters were unchanged and 448 others untraded.
A total of 892.352 million shares worth RM1.857 billion were traded today, up from 875.521 million shares valued at RM1.762 billion traded on Tuesday. -- Bernama
Palm futures steadier on external boost
CRUDE palm oil (CPO) futures on Bursa Malaysia Derivatives closed higher yesterday on positive support from external markets.
A dealer said firmer soyaoil, soyabean and crude oil market had all pushed palm oil higher. He added that the market is likely to remain supportive until the Hari Raya Puasa.
However, another dealer said that most traders are still cautious over uncertainties in the global economy.
Spot month September gained RM36 to close at RM3,161 a tonne and October added RM48 to RM3,104. The benchmark month of November added RM46 to RM3,068 and December gained RM46 to RM3,054.
OIL
LONDON: Oil prices rose yesterday, boosted by better-than-expected manufacturing data in Germany and China and by uncertainty in Libya where government loyalists staged a fight back.
At 1206 GMT, Brent crude was up 31 cents (US$1.00 = RM2.97) to US$108.66 a barrel. US October crude was up US$1.06 to US$85.46, supported by expectations that US oil stockpiles released later in the session may drop.
But Brent — a benchmark measuring oil prices from Atlantic fields — continued to underperform US crude, equities and other commodities like copper, with expectations the Libyan conflict will come to a conclusion relatively soon, limiting gains.
RUBBER
THE Malaysian rubber market closed higher yesterday in line with the increased futures prices on the Tokyo Commodity Exchange (Tocom), dealers said.
A dealer said there was buying interest recorded but it was still very slow. “Buyers are waiting for prices to go lower,” he added.
At noon, the Malaysian Rubber Board’s official physical price for the SMR 20 was up 1 sen to 1,346.50 sen a kg while latex-in-bulk gained 2.5 sen to 861 sen a kg.
TIN
THE Kuala Lumpur Tin Market (KLTM) rose by US$150 to close at US$22,950 per tonne yeterday on active buying, dealers said.
"There was good demand from traders after prices went as low as US$22,800 yesterday," a dealer said.
On the LME, the tin price was unchanged at US$22,850 per tonne.
On the local front, offers stood at 40 tonnes with bids at 80 tonnes with Japanese, European and local traders accounting for yesterday trading.
Turnover was higher at 45 tonnes from the 40 tonnes on Monday.
The premium between the KLTM and LME widened to US$485 per tonne against US$335 per tonne on Monday. — Agencies
Follow the trend and get ready to short at 1506 above ^_^
PLS Note that the FKLI has breakout from Major Andrew
1st resistance is at 1506… can take que to short above it and while b4 that just ride the bulls )
2nd resistance is at 1526
“ Sell At Resistance “
KL bourse firmer on bargain-hunting
Kuala Lumpur: Shares on Bursa Malaysia ended firmer yesterday on bargain-hunting activities, with sentiments largely lifted by better-than-expected manufacturing activity data from China, which averted fears of a hard landing of the world's second largest economy.
The FTSE Bursa Malaysia KLCI rose 10.21 points or 0.69 per cent to 1,482.37. It had touched an intra-morning low of 1,469.66.
The outlook remained volatile given the persistent worries over a global recession and ongoing eurozone jitters, Hong Leong Investment Bank's head of research Low Yee Huap said.
There is a loss of confidence in the policymakers in the US where fiscal stimulus has been exhausted and monetary policy rates already at zero.
"As such, we expect investors to stay defensive or sidelined," he said.
Alternatively, he said, risk takers could adopt a short-term trading oriented approach to buy on sharp falls, and sell into any rebound.
"Investors remain worried about the outlook, especially with the local bourse going into a short trading week next week," said an analyst.
Bursa Malaysia's Finance Index jumped 87.52 points to 14,109.98, the Plantation Index rose 127.15 points to 7,289.94 and the Industrial Index improved 17.49 points to 2,751.46.
The FBM Emas Index climbed 64.14 points 10,138.11, the FBM70 Index was up 51.41 points to 11,052.22 and the FBM ACE added 13.7 points to 3,797.74.
Advancers outnumbered decliners by 488 to 274 while 256 counters were unchanged and 465 others untraded.
A total of 875.521 million shares worth RM1.762 billion were traded, up from 853.772 million shares valued at RM1.672 billion traded on Monday.
Sunway Bhd made a dismal performance on its debut, leading the top losers with its price dipping by 31 sen or 11.07 per cent to RM2.49. However, its warrants rose 30.5 sen to 31 sen and listed as top gainer.
Among the active counters, Malayan United Industries edged up 1 sen to 21 sen, Axiata was flat at RM4.98 and Astral added 4 sen to 19 sen.
As for heavyweights, Maybank climbed 6 sen to RM8.70, CIMB perked 2 sen to RM7.79, Sime Darby slipped 1 sen to RM8.80 and Tenaga lost 6 sen to RM5.43.
On Bursa Malaysia Derivatives, the FBM KLCI futures ended higher, backed by a firmer cash market.
August 2011 gained 9.5 points to 1,486.5, September 2011 jumped 10.5 points to 1,483, December 2011 increased 12 points to 1,480 and March 2012 improved 11.5 points to 1,478.5. - Bernama
Stocks showed a substantial upward move over the course of the trading day on Tuesday, adding to the modest gains posted in the previous session. The markets benefited from continued optimism that the Federal Reserve will take further steps to stimulate the economy.
The major averages saw further upside going into the close of trading, ending the session at their best levels of the day. The Dow jumped 322.11 points or 3 percent to 11,176.76, the Nasdaq surged up 100.68 points or 4.3 percent to 2,446.06 and the S&P 500 soared 38.53 points or 3.4 percent to 1,162.35.
While stocks saw some early strength on the heels of upbeat economic data from overseas, buying interest picked up in mid-morning trading following the release of a report from the Commerce Department showing an unexpected drop in U.S. new home sales.
The report added to recent concerns about the beleaguered housing marked but also added to speculation that the Fed may take additional action to boost the sluggish economy.
Fed officials will meet in Jackson Hole, Wyoming, this week for an annual conference, with Chairman Ben Bernanke due to deliver a closely watched speech on Friday.
Peter Boockvar, equity strategist at Miller Tabak, said, "With Bernanke speaking on Friday, there will be a lot of noise in the trading ahead of it as the 'do something,' 'do nothing' opinions square off."
The considerable strength on Wall Street may also have been due in part to a report from the Federal Deposit Insurance Corporation showing the first quarterly drop in the number of troubled banks in almost five years.
The FDIC said that the number of institutions on its "Problem List" fell to 865 in the second quarter from 888 in the first quarter. The decrease in the number of "problem" institutions in the second quarter marked the first drop since the third quarter of 2006.
Meanwhile, traders largely shrugged off news of a 5.9 magnitude earthquake in Virginia that shook much of Washington, D.C. and caused tremors as far away as New York City.
Stocks briefly moved to the downside on the heels of the news of the quake but moved back to the upside shortly afterward amid early indications that it did not cause major damage or injuries.
Sector News
Healthcare provider stocks showed a substantial move to the upside over the course of the trading day, driving the Morgan Stanley Healthcare Provider Index up by 6.6 percent. PharMerica (PMC) led the sector higher on news that Omnicare (OCR) has offered to acquire the pharmacy services provider.
PharMerica jumped by 27.1 percent after Omnicare offer to acquire the company for $15 per share in cash. The offer represented a 37 percent premium to PharMerica's closing price on Monday. However, PharMerica's board determined that the offer is not in the best interest of the company or its stockholders.
Considerable strength was also visible among semiconductor stocks, as reflected by the 5.2 percent gain posted by the Philadelphia Semiconductor Index. Nvidia (NVDA) turned one of the sector's best performances after Wells Fargo upgraded the graphics chip maker to Outperform.
Health insurance stocks also moved sharply higher on the day, with the Morgan Stanley Healthcare Payor Index surging up by 5 percent. Internet, oil service, and networking stocks also posted notable gains, moving higher along with most of the major sectors.
Meanwhile, gold stocks bucked the uptrend by the broader markets amid a pullback by the price of the precious metal. With gold for December delivery falling $30.60 to $1,861.30 an ounce, the NYSE Arca Gold Bugs Index dropped by 3.6 percent.
Other Markets
In overseas trading, stock markets across the Asia-Pacific region showed notable moves to the upside during trading on Tuesday. Japan's Nikkei 225 Index advanced by 1.2 percent, while Hong Kong's Hang Seng Index surged up by 2 percent.
The major European markets also ended the day firmly positive after seeing some late-day volatility. While the U.K.'s FTSE 100 Index rose by 0.7 percent, the French CAC 40 Index and the German DAX Index both climbed by 1.1 percent.
In the bond market, treasuries saw considerable volatility over the course of the day, eventually closing notably lower. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, rose by 4.9 basis points to 2.137 percent.
Looking Ahead
On Wednesday, traders are likely to keep an eye on a Commerce Department report on durable goods orders in the month of July. Economists expect the report to show that orders rose by 2.0 percent.
Crude palm oil moves up in futures trade on global cues
Crude palm oil moved up by Rs 3.20 to Rs 491.50 per 10 kg in futures trading today as speculators enlarged their positions amid a firming global trend.
The trading sentiment was bolstered as palm oil advanced in global markets.
Meanwhile, November contract gained 0.9% to $1,025 per metric tonne on the Malaysia Derivatives Exchange.
At the Multi Commodity Exchange, November contract moved up by Rs 3.20, or 0.66%, to Rs 491.50 per 10 kg with a business turnover of 27 lots.
August crude palm oil gained Rs 2, or 0.40%, to Rs 496.80 per 10 kg in 12 lots.
Market analysts said apart from a firming trend in overseas markets, a pick-up in spot market demand supported by the ongoing festive season pushed up crude palm oil futures prices.
CPO Variance :
Soyabean oil 0.5564
Metric Ton 2,204.62
CPO 3068
USD MYR Exchange Rate 2.966
CPO Variance 192.26
< 84 SELL
85 TO 94 NEUTRAL
> 95 BUY
Reference On Soy Bean Oil Price
BEARISH THREE OUTSIDE DOWN
Type: Reversal
Relevance: Bearish
Prior Trend: Bullish
Reliability: High
Confirmation: Suggested
No. of Sticks: 3
Definition:
The Bearish Three Outside Down Pattern is another name for the Confirmed Bearish Engulfing Pattern. The third day confirms the bearish trend reversal.
Recognition Criteria:
1. Market is characterized by uptrend.
2. We see a Bearish Engulfing Pattern in the first two days.
3. Then we see a black candlestick on the third day with a lower close than the second day.
Explanation:
The first two days forms a Bearish Engulfing Pattern, and the third day confirms the reversal suggested by the Bearish Engulfing Pattern since it is a black candlestick closing with a new low for the three days.
Important Factors:
The reliability of this pattern is very high, but still a confirmation in the form of a black candlestick with a lower close or a gap-down is suggested.
Crude Palm Oil At One-Week High On Soyoil, Export Demand
Crude palm oil futures on Malaysia’s derivative exchange rose to a one-week high Tuesday amid expectations for strong exports in August as external markets provided supportive cues.
Benchmark November CPO on the Bursa Malaysia Derivatives rose as much as 1.6% to MYR3,070 a metric ton, the benchmark's highest level since Aug. 15, and ended at MYR3,068 a ton, up 1.5% from Monday's settlement.
Some trade participants said tight prompt supplies of the cooking oil underpinned market.
"Production [of palm oil] is not coming in…while likely higher demand for the next two months may reduce stock levels," said a trading executive at a Kuala Lumpur-based foreign brokerage.
Planters said August production may slip 2% from July's level of 1.95 million tons, as workers go on holidays next week for the Eid ul-Fitr celebration at the end of the Islamic fasting month.
The market may rise toward the psychological level of MYR3,100/ton within the next few days as investors continue to cover short positions ahead of the holidays, said a commodities analyst in Jakarta.
But gains may be capped due to the higher margin requirements for palm oil contracts set by the BMD from Aug. 25 to manage volatility next week.
"The rise in margin rates may provide an excuse for some investors to book profits," said a commodities broker at a Kuala Lumpur-based brokerage.
The exchange raised margin rates for the spot month to MYR8,750 per contract from MYR7,250, Bursa Malaysia also raised non-spot margins to MYR8,500 from MYR7,000 for contracts that remain open at the close of business on Thursday.
In the cash market, refined palm olein for April/May/June changed hands at $1,087.50/ton and $1,092.50/ton, free-on-board Malaysian ports, said a physical market broker in Singapore.
Cash CPO for prompt shipment was offered MYR35 higher at MYR3,165/ton.
Traded volume on the BMD reached 21,871 lots, up from 11,900 Monday. One lot equals 25 tons.
Open interest was 127,134 contracts compared with 128,392 contracts Monday.
Malaysia Futures Trading FKLI 60 minute Chart By Tokan Corner :
As the chart based on Andrew Pitchfork show it does meet my expectation. The FKLI rally back to upperline of Major Andrew.
Slow Stoch still showing some bullish power energy l… the MACD showing on the some good view too .
The problems is the market has entered a sell signal at 1489 on previous week. And now being resisted by SMA 20. Our next resistance is at SMA 50 that is at 1489 / 1490 zone area.
As we can see on 60 minute chart, the Spot Market stopped at 1477 after being resisted by SMA 20 and it also has stop below the Upper Line Of Major Andrew. The market yesterday being in rally mode when DJIA Futures began it move around +140 point but in the end the DJIA only gain +37 on it indicies.
So beware for any uncertainty ok traders. Watchout for any sneak attack :p
Will the rally breakthrough from this downtrend?
Well i have asked this question last week and I still answering the same answer is “ NO”
As on chart the support on Major Andrew Pitchfork Upper line will be tear off by the “ Panic Selling Again” thus we need to watch 1483-1435 trade range ( midline range support).
P/S : TC has entered short at 75 on AUG and stuck now and as to hedging my losses I have long on Sept at 71.5 to minimize my losses it the dow was so bullish on last night. Now im hoping both of my entry can make money J
Remember to watch at midline of Major Andrew and Upper Line If there was any breakout !!!
Magic Word Is
“1. SELL AT RESISTANCE
2. BUY ON DIP AND J”
Read more my previous post :
· DJIA Commentary : Stocks Close Modestly Higher But Well Off Best Levels
· BURSA MALAYSIA FKLI FUTURES TRADING PIVOT FOR 23 AUG 2011
BURSA MALASIA FKLI FUTURES TRADING ON 60 MINUTE CHART ON ANDREW PITCHFORK REVIEW FOR 22 AUG 2011
FKLI MALAYSIA PIVOT FOR 23 AUG 2011
Malaysia Futures ( FKLI ) Suggestion Spot : (+/-) 3 point will vary.
Short Term Target : 1483 – (1453 to 1435 ) zone area but pls do check our “TS” in handy ^_^
Here is Tokan Pivot for tomorrow for a guide
For FKLI Buy/Long :
1st = 1427.5 ( 1ST BEST SPOT )
2nd = 1435.5 ( 2ND BEST SPOT )
3rd = 1443
4th = 1451
5th = 1458.5
6th = 1463
7th = 1467.5
For FKLI Sell/Short :
1st = 1520.5 ( 1ST BEST SPOT )
2nd = 1513 ( 2ND BEST SPOT )
3rd = 1505
4th = 1497.5
5th = 1489.5
6th = 1486.5
7th = 1483
Magic Word Is
“1. SELL AT RESISTANCE
2. BUY ON DIP AND J”
Read more my previous post :
· DJIA Commentary : Stocks Close Modestly Higher But Well Off Best Levels
· BURSA MALASIA FKLI FUTURES TRADING ON 60 MINUTE CHART ON ANDREW PITCHFORK REVIEW FOR 22 AUG 2011
After failing to sustain an initial upward move, stocks turned in a relatively lackluster performance over the course of the trading day on Monday. The markets experienced choppy trading after showing a notable move to the downside in recent weeks. The major averages eventually ended the session modestly higher but well off their best levels of the day. The Dow rose 37.00 points or 0.3 percent to 10,854.65, the Nasdaq climbed 3.54 points or 0.2 percent to 2,345.38 and the S&P 500 edged up 0.29 points or less than a tenth of a percent to 1,123.82. The initial strength on Wall Street was largely due to bargain hunting, with traders picking up stock at reduced levels following the recent weakness. Optimism about the possibility of further asset purchases by the Federal Reserve also generated some positive sentiment as Federal Reserve officials meet at the Kansas City Fed's annual conference in Jackson Hole, Wyoming. Buying interest waned not long after the open, however, as traders continued to express concerns about the debt crisis in Europe and the possibility of a double-dip recession in the U.S. Traders subsequently looked to cash in on the early strength, pulling the markets down well off their best levels of the day. Stocks moved roughly sideways for the remainder of the session, as traders seemed reluctant to make any significant moves. The lackluster performance seen over the course of the session may have reflected the lack of major U.S. economic data or corporate news. Later in the week, trading could be impacted by the release of closely watched reports on new home sales, durable goods orders, and weekly jobless claims. Traders are also likely to keep a close eye on Federal Reserve Chairman Ben Bernanke's speech on the economy at the conference in Wyoming. Sector News Despite the choppy trading, gold stocks posted particularly strong gains on the day, benefiting from another sharp increase by the price of gold. Reflecting the strength in the sector, the NYSE Arca Gold Bugs Index surged up by 4.1 percent to a four-month closing high. The strength among gold stocks came as gold for December delivery jumped by $39.70 to another new record closing high of $1,891.90 an ounce. Considerable strength was also visible among trucking stocks, as reflected by the 1.4 percent gain posted by the Dow Jones Trucking Index. With the gain, the index bounced off the nearly one-year closing low it set in the previous session. While computer hardware, defense, and semiconductor stocks also saw strength on the day, weakness among banking stocks partly offset the gains. The S&P Banks Index fell by 2.4 percent, hitting its worst closing level in over two years. Goldman Sachs (GS) helped to lead financial stocks lower going into the close after Reuters reported that Goldman CEO Lloyd Blankfein has hired Reid Weingarten, a high-profile Washington defense attorney. Shares of Goldman fell by 4.7 percent to a two-year low. Natural gas, healthcare provider, and oil service stocks also came under pressure, with the losses by oil service stocks coming despite a notable increase by the price of crude oil. Other Markets In overseas trading, stock markets across the Asia-Pacific region moved mostly lower over the course of the trading day on Monday. Japan's Nikkei 225 Index fell by 1 percent, while Australia's All Ordinaries Index dropped by 0.5 percent. Meanwhile, the major European markets turned in a mixed performance on the day. While the German DAX Index edged down by 0.1 percent, the U.K.'s FTSE 100 Index and the French CAC 40 Index both rose by 1.1 percent. In the bond market, treasuries saw modest weakness on the day but ended the session well off their worst levels. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, rose by 1.7 basis points to 2.088 percent. Gold futures extended their journey into uncharted territory today, as investors jumped in ahead of Fed Chairman Ben Bernanke's end-of-week speech. Some economists are expecting the central banker to unveil another round of stimulus measures, which bolstered the malleable metal's appeal as a hedge against inflation. Against this backdrop, December-dated gold futures finished $39.70, or 2.1%, higher at a new settlement record of $1,891.90 an ounce. Earlier in the session, the contract rallied to an all-time best of $1,895.00 an ounce. Levels to Watch in Trading: Dow Jones Industrial Average (DJIA – 10,854.65) - support at 10,500; resistance at 13,000 S&P 500 Index (SPX – 1,123.82) - support at 1,100; resistance at 1,400 Nasdaq Composite (COMP – 2,345.38) - support at 2,100; resistance at 2,900 
Malaysia Futures Trading FKLI 60 minute Chart By Tokan Corner :
As the chart based on Andrew Pitchfork show it does not meet my expectation. The FKLI rally back down lower on upperline of Major Andrew.
Slow Stoch still showing some bullish power energy left…but the MACD showing on the otherside. So beware for any uncertainty ok traders. Watchout for any sneak attack :p
Will the rally breakthrough from this downtrend?
Well i have asked this question last week and I still answering the same answer is “ NO”
On my thought our market will be in bad condition from Monday till this Thursday. Just my opinions and no offence ok guys ^_^
As on chart the support on Major Andrew Pitchfork Upper line will be tear off by the “ Panic Selling Again” thus we need to watch 1483-1435 trade range ( midline range support).
Remember to watch at midline of Major Andrew
Words for today is :
“BUY ON DIP SELL ON RESISTANCE” J
Read more previous post here :
· BURSA MALAYSIA FKLI FUTURES TRADING PIVOT FOR 22 AUG 2011
· DJIA Review On Next Monday : U.S. stocks to get no rest, remain volatile
· Three Black Crows Threats On The Markets
· DJIA Commentary : Wall Street Stocks Extend Weekly Losses, Led By HP
FKLI MALAYSIA PIVOT FOR 22 AUG 2011
Malaysia Futures ( FKLI ) Suggestion Spot : (+/-) 3 point will vary.
Short Term Target : 1482 – (1453 to 1435 ) zone area but pls do check our “TS” in handy ^_^
Here is Tokan Pivot for tomorrow for a guide
For FKLI Buy/Long :
1st = 1433.5 ( Maybe Best Spot Fot Tomorrow and pls read my chart as I stated range 1453- 1435)
2nd = 1440.5 ( 1ST BEST SPOT )
3rd = 1448 ( 2ND BEST SPOT )
4th = 1455.5
5th = 1462
6th = 1465.5
7th = 1468.5
For FKLI Sell/Short :
1st = 1520.5 ( 1ST BEST SPOT )
2nd = 1513 ( 2ND BEST SPOT )
3rd = 1506
4th = 1498.5
5th = 1491.5
6th = 1487
7th = 1483
Magic Word Is
“BUY ON DIP AND SELL AT RESISTANCE J”
Read more previous post here :
· DJIA Market Recap: DJIA Falls 419 Points on Worldwide Economic Woes
· BURSA MALASIA FKLI FUTURES TRADING ON 60 MINUTE CHART ON ANDREW PITCHFORK REVIEW FOR 18 AUG 2011
· BURSA MALAYSIA FKLI FUTURES TRADING PIVOT FOR 18 AUG 2011
· Volatile Movement Expected For Malaysian Stock Market
· BURSA MALAYSIA FKLI FUTURES TRADING PIVOT FOR 19 AUG 2011 ( Daily and Weekly Pivot )
· BURSA MALASIA FKLI FUTURES TRADING ON 60 MINUTE CHART ON ANDREW PITCHFORK REVIEW FOR 19 AUG 2011
