ZL's Bursa Themes

Technical Analysis : 富时大马综合指数 2012-02-27 FBMKLCI 27 Feb 2012

noreply@blogger.com (Zhuge Liang) — Mon, 27 Feb 2012 12:31:00 +0000

富时大马综合指数
2012-02-27

如图所示，富时大马综合指数一度上扬至1565.87点的全日最高（一度上扬7.1点），惟套投资者继续套利的缘故，使得综指未能继续上扬，按日只能微扬0.27点一1559.04点挂收。不过，如图中箭头A所示，14、21、31天综合加权移动平均线（Exponential Moving Average – EMA）依然是综指当前的动态支持线。综指阻力维持在1567点及1600点的心理阻力水平.

如图中箭头B所示，马股总成交量3.12%，而成交量也未能达到40天的成交量平均线（VMA）的水平。这表示马股当前的交投未能达到“足够”的水平。无论如何，由于综指继续处于盘整格局，因此成交量偏低也是正常的。

如图中箭头C所示，随机指标（Stochastic）继续在50%水平左右徘徊，这表示综指短期还是处于横摆的盘整格局中，暂时未有明确的方向。

一般来说，当指数或个股处于横摆盘整格局时若成交量减少的话，表示市场未有强大的卖压，可以说是一个健康的盘整。当然，涨势能否持续下去，关键仍然在于综指能否继续获得动态支持线的扶持。无论如何，综指目前还是未有任何转弱的特征, 因此技术
望仍然保持正面。

FBM KLCI
27 Feb 2012
As shown on the chart above, the FBMKLCI had its intraday reaching 1567.87 points, gaining up to 7.1 points. But at the end, the KLCI only managed to close 0.27 of a point higher at 1559.04 points. As indicated by A, the 14, 21, 31 EMA is still the dynamic support to the KLCI while the resistance stays at 1567 followed by 1600.

As indicated by B, total market volume fell 3.12%, with volume now below the 40-day Volume Moving Average. Generally, with volume below the 40-day Volume Moving Average, it suggests that the market participation is relatively quiet.

As indicated by C, the Stochastic stays around 50%, in the short-term neutral region. This suggests that the KLCI short-term is consolidating in a sideways manner.

In conclusion, when an index or an individual counter is consolidating with lower volume, it is generally suggesting a healthy consolidation, for the selling pressure is not extreme. Nevertheless, the important factor to whether the KLCI could sustain its uptrend is still at the dynamic support. For now, we don't see any reversal signs, and therefore, the technical outlook for the KLCI remains positive.

HAPPY TRENDING

WALL STREET : Dow Failed To Sustain Above 13K, Again.

noreply@blogger.com (Zhuge Liang) — Sat, 25 Feb 2012 03:42:00 +0000

SPX & Nasdaq closes at highest since June 2008

Crude Oil tops $109 a barrel

U.S. stocks were little moved today, as the busy-but-abbreviated week -- which included a Greek bailout deal, a slew of corporate earnings, and a surge in crude oil prices -- came to an end. On the economic front, Wall Street sifted through a stronger-than-expected consumer sentiment index reading and a hot-and-cold home sales report. Meanwhile, well-received quarterly reports from the likes of Salesforce.com (CRM) and OmniVision Technologies (OVTI) helped lure some buyers off the sidelines, but today's new nine-month peak for crude -- prompted by familiar supply concerns -- leveled things out a bit, pulling the major market indexes back toward breakeven as the session wrapped up. Against this backdrop, however, both the Dow Jones Industrial Average (DJIA) and Nasdaq Composite (COMP) were able to tag new highs.

The Dow Jones Industrial Average (DJIA – 12,982.95) touched the 13,013.82 level early in the session -- its loftiest price since May 2008 -- but ultimately ended the day down 1.7 points, or 0.01%. Among the Dow's 30 components, 16 finished lower, led by a 1.8% decline for Bank of America (BAC). American Express (AXP) paced the bullish minority with a 1.3% gain. For the week, the blue-chip barometer inched up 0.3%.

The S&P 500 Index (SPX – 1,365.74) added 2.3 points, or 0.2%, to close at its highest level since June 2008. For the week, the broad-market barometer turned in a 0.3% increase.

The tech-rich Nasdaq Composite (COMP – 2,963.75) ended the day up 6.8 points, or 0.2%, and finished the week with a 0.4% trek into positive territory. Near midday, the COMP hit the 2,970.88 level -- its highest point since December 2000.

HAPPY TRENDING

Middle Bollinger Bands Rangebound Stocks x 30 For Your Perusal

noreply@blogger.com (Zhuge Liang) — Fri, 24 Feb 2012 01:29:00 +0000

*Note: To qualify in this list below, the first sorting criteria is stock price must have just climbed or stayed ABOVE the middle Bollinger Band, followed by a second criteria that trading volume for the day must be significantly strong. This is a good watch list for momentum traders looking for short-term BUY ideas, as they are laggards with good upside potential towards the upper Bollinger band or higher to TAKE PROFIT/SELL.
Caveat: Some stocks may continue to stay range bound and trade sideways, hence traders should refer to their respective charts to spot accumulation (volume growth) or breakout patterns.

DISCLAIMER

The information contained herein was obtained from sources believed to be reliable. However, we do not guarantee the accuracy and completeness of the report. Opinions expressed herein are subject to change without notice. This report is for information purposes only and should not be construed as an invitation, offer or solicitation to purchase or sell any futures product referred to herein. The Author may from time to time has an interest or position in the futures products or stocks mentioned. There is a risk of loss in trading stocks,futures & derivatives like products.

Technical Analysis : FBMKLCI 23/02/2012 富时大马综合指数 2012-02-23

noreply@blogger.com (Zhuge Liang) — Fri, 24 Feb 2012 00:46:00 +0000

FBM KLCI 23 Feb 2012

On Thursday, the KLCI continue its consolidation, losing another 3.86 points or 0.25% to close at 1556.66 points. As indicated by A, the KLCI is set to test the 14, 21, 31 EMA dynamic support while the immediate resistance remains at 1567 followed by 1600.

As indicated by B, total market volume fell 12.5%, but since the market overall is in a consolidation mood, a lower volume is usually quite normal. Meanwhile, profit taking activities is still strong, with 689 losers over 217 winner.

As indicated by C, the Stochastic is still falling after breaking below 70%. This suggests that the KLCI is having its short-term technical correction. If the Stochastic should break below 30%, it would be a signal suggesting a short-term bearish movement for the KLCI.

In conclusion, despite the consolidation, the uptrend of the KLCI is still intact, as the 14, 21, 31 EMA dynamic support is still supporting the KLCI. Also, the KLCI has not shown any sign of lower-highs, and therefore, we don't see any signs of a bearish reversal yet.

富时大马综合指数 2012-02-23

富时大马综合指数周四进一步的下跌，按日失守3.86点或0.25%，以1556.66点挂收。如图中箭头A所示，综指目前正要试探14、21、31天综合加权移动平均线（Exponential Moving Average – EMA）的动态支持线，而阻力依然维持在1567点及1600点的水平。

如图中箭头B所示，马股总成交量周四减少12.52%，但是由于综指处于盘整格局中，因此成交量减少也是很正常的。另外，马股周四的套利活动的“味道”还是很浓郁，全日下跌股项高达689只，而上升股项只有217只，对比超过3以1。这再次的暗示了马股处于盘整的格局中。

如图中箭头C所示，随机指标（Stochastic）自跌破70%水平后，周四继续的下滑并跌破50%水平。这确认了综指短期技术调整的讯号。接下来若随机指标跌破30%水平的话，那便是综指短期进入偏弱格局的讯号。

总的来说，综指继续处于盘整格局中，惟涨势依然未受到破坏。这是因为综指继续获得14、21、31天EMA动态支持线的扶持，同时也还未有形成较低峰（Lower-highs）的特征，也就是综指转势的先兆。

祝你好运

FKLI @12.45pm 23 Feb 2012

noreply@blogger.com (Zhuge Liang) — Thu, 23 Feb 2012 06:29:00 +0000

Bears May Dominate After Lunch Break

But Resilient Bulls Won't Surrender Easily

ZL expecting some stubborn resistance. Any further dip in weakness will invite bargain hunters.

GOODLUCK2ALL

Learn Trading Multi Time Frame Analysis

noreply@blogger.com (Zhuge Liang) — Tue, 21 Feb 2012 02:14:00 +0000

Learn Trading Multi Time Frame Analysis
Multi time frame analysis is a very important aspect of technical analysis. When indicators show the same trend direction over multiple time frames, it generally suggests a higher probability of trend continuation. Alternative settings obviously shows opposite convictions but only for a shortened period.

In the field of time frame analysis, some argue that larger time frames will dominate smaller ones, while others say that smaller time frames harmonize, and will overcome larger time frames. ZLthink that this is a rich field for exploration, but the only conclusion that we have made is that alignment between time frames tend to enhance a signal’s potential. And this is a more important conclusion, then the former debate.

Let’s look at the FBM KLCI daily chart as of yesterday 20 Feb 2012. We begin with the daily timeframe chart:

A change in indicator parameters can alter a trend readings dramatically.

Clearly the FBMKLCI is bullish, with a great setup looking to resume after some consolidation as denoted by the alternative MACD 6,12,6 parameters. While the daily chart is bullish, a trader should find out how the longer time frames are doing. Perhaps there is an oncoming train/trend that we are walking into? We want to make sure the larger time frames paint a similar story.

Let’s look at the FBM KLCI weekly chart as of yesterday 20 Feb 2012 :

Well, it looks like a bullish set up as well. OK, maybe the FBMKLCI weekly chart is not mega bullish in outlook but do you spot any sell signals or reversal pattern anywhere? I can't .....

There is therefore multi time frame alignment when we compare the daily and weekly charts, increasing the trader’s bullish conviction.

Assume the daily chart is bearish (for the moment in a bearish retracement), but the weekly chart is in a non-bear trend retracement (if any), we will be very wary of a bullish trend resumption and may not want to hold convictions on to a bearish daily trade for long. Some traders may wish to wait for multi time frame alignment for a higher probability trade.

What can we expect in the coming weeks?

With that in mind, the weekly chart also warns of a minor retracement soon, since Price is also running into resistance at 1566. 2 failed attempts to take out 1566 Resistance give creedence some measures of consolidation is expected.

HAPPY TRENDING

WALL STREET : Greek Hopes Nudge Dow Towards 13K

noreply@blogger.com (Zhuge Liang) — Sat, 18 Feb 2012 03:31:00 +0000

DJIA At Highest Level Since May 2008

After yesterday's decisive march into the black, U.S. stocks closed with mixed results today, as Wall Street adopted a wait-and-see attitude heading into the long holiday weekend. That's because the Greek debt drama could be put to rest as early as Monday, when euro-zone finance ministers will meet in Brussels to discuss the possible bailout. But if only it were that easy... ahead of that Eurogroup summit, tensions are heightened between Greek officials and German Finance Minister Wolfgang Schaeuble, keeping alive the all-too-familiar risk that economic relief for Greece could be delayed. On the domestic front, January's consumer price index and the Conference Board's index of leading indicators couldn't divert much attention from the news brewing abroad. Against this backdrop, however, both the Dow Jones Industrial Average (DJIA) and the Nasdaq Composite (COMP) tagged new multi-year highs.

The Dow Jones Industrial Average (DJIA – 12,949.87) charged as high as 12,967.92 -- its highest price since May 20, 2008 -- in the last hour of trading, but pared its gain to 45.79 points, or 0.35%. Among the Dow's 30 components, Alcoa (AA) and Hewlett-Packard (HPQ) led the 11 stragglers, giving up 1.3% and 1%, respectively. On the flip side, Intel (INTC) paced the bullish majority, adding 2%.

For the week, the blue-chip barometer gain a healthy 1.16%.

The S&P 500 Index (SPX – 1,361.23) ended near its session high of 1,363.40, inching up 3.2 points, or 0.2%. Finally, the Nasdaq Composite (COMP – 2,951.78) fared the worst of its peers, dropping 8.1 points, or 0.3%. In early trading, the tech-rich benchmark touched the 2,962.78 mark -- its highest level since Dec. 13, 2000. For the week, the SPX gained 1.4%, while the COMP rose 1.7%.

HAPPY TRADING

Technical Outlook >>> FKLI 17 Feb 2012

noreply@blogger.com (Zhuge Liang) — Fri, 17 Feb 2012 00:45:00 +0000

FKLI Technicals
Futures settled at 1547, down .87 percent. FKLI Spot opened with a gap-down, right on the cusp of the lower band of this weeks range, thus encouraging investors to apply selling pressure in early trade before futures prices consolidated near its closing price.

The bears control of the days trading was demonstrated by the formation of a long black candle. MACD is now on the path of bearish convergence. As such, support and resistance levels pegged at 1546 and 1563 respectively.

Trade Strategy

Aggressive trade may short with a stop on above 1563.0

Technical Analysis : 富时大马综合指数 2012-02-16 FBM KLCI

noreply@blogger.com (Zhuge Liang) — Thu, 16 Feb 2012 12:39:00 +0000

富时大马综合指数
2012-02-16
富时大马综合指数（综指）周四继续下调，按日下跌10.81点或0.69%，以1550.49点挂收。如图中箭头A所示，综指接下来正要试探1530-1540点的支持水平及14、21、31天综合加权移动平均线（Exponential Moving Average – EMA）的动态支持线。

如图箭头B所示，马股总成交量周四减少5.38%，但是还是能达到40天的成交量平均线(VMA)的水平以上。这表示马股当前的交投还是属于活跃的。

如图中箭头C所示，随着综指下调，随机指标（Stochastic）在周四也继续下跌。接下来若随机指标跌破70%水平的话，那综指短期强势的讯号将告一段落。若随机指标随后继续下跌并跌破30%水平的话，那便是综指短期进入弱势格局的讯号。

马股周四套利活动明显增加，全日下跌股项高达668只而上升股项则是239只。虽然综指回软，但是以技术而言，综指当前的涨势仍然还未受到破坏，而目前只是处于技术调整的阶段而已。只要综指还是能在14、21、31天EMA动态支持线上获得扶持的话，那综指的技术展望将还是处于正面的。

FBM KLCI 16 Feb 2012

On Thursday, the KLCI fell 10.81 points or 0.69%, to close at 1550.49 points. As indicated by A, the KLCI is about to test the 1530 – 1540 support, as well as the 14, 21, 31 EMA dynamic support.

As indicated by B, total market volume fell 5.38%, but still above the 40-day volume moving average. This suggests that the market overall is still actively participated.

As indicated by C, the Stochastic is still falling, and if the Stochastic should fall below the 70%, it would mark an end to the short term bullish signal. If the Stochastic should continue to fall and break below 30%, it would be a short-term bearish signal for the KLCI.

The market was in heavy profit taking mood on Thursday, with 668 losers over 239 winners. However, despite the falling of the KLCI, the uptrend of the KLCI remains intact. As long as the KLCI is still staying above the 14, 21, 31 EMA dynamic support, the technical outlook shall remains positive.

GOODLUCK2U

OVERBOUGHT STOCKS >>> 14-days RSI 75+ >>> For Your Perusal

noreply@blogger.com (Zhuge Liang) — Thu, 16 Feb 2012 00:40:00 +0000

The list below is compiled on the 15 Feb 2012

A reading of 14-RSI 75 and above only is chosen for list

DISCLAIMER

Dow Backpedal on FOMC Minutes, Greek Bailout Delay

noreply@blogger.com (Zhuge Liang) — Wed, 15 Feb 2012 23:48:00 +0000

The DJIA fell nearly 100 points

Nasdaq backed away from a multi-year peak

Following yesterday's flat finish, U.S. stocks were pointed higher ahead of the bell, thanks to signs of progress on the Greek bailout deal. Also, traders responded favorably to China's pledge to support the cash-strapped euro zone. However, reports that Eurogroup officials may postpone additional aid for Greece until after that country's April elections amplified concerns of a potential default. Back home, a few well-received economic reports -- including a stronger-than-predicted rise in the NAHB housing market index, and a positive reading on New York factory activity -- provided little respite from the increasingly downbeat mood on Wall Street. Plus, the final hours of trading were clouded by the release of the minutes from the Federal Open Market Committee's (FOMC) January meeting. The transcript showed that very few members support a third round of quantitative easing, dashing some traders' stimulus hopes. Against this backdrop, the major market indexes closed decidedly lower.

The Dow Jones Industrial Average (DJIA – 12,780.95) fell as low as 12,753.62, but pared its decline to settle 97.33 points, or 0.76%, lower. Among the Dow's 30 components, Bank of America (BAC) led the 25 losing equities with a loss of 2.5%, pressured by a downgrade to "market perform" at Bernstein. Meanwhile, Travelers (TRV) paced the five winners with a gain of 0.2%.

Worst Day Of 2012
Wednesday's selloff {-97.33 points) was the steepest for the Dow since it lost 140 points, or 1.14%, on December 28. The blue chips had closed higher in five of the prior six sessions and appeared to be within striking distance of the 13000 level.

The S&P 500 Index (SPX – 1,343.23) surrendered 7.27 points, or 0.54%, after touching an intraday nadir of 1,340.80. Similarly, the Nasdaq Composite (COMP – 2,915.83) gave back 16 points, or 0.55%, after the tech-heavy benchmark reached a new multi-year high of 2,958.19, earlier in the session.

HAPPY TRADING

CPO Futures Preview 15 Feb 2012

noreply@blogger.com (Zhuge Liang) — Wed, 15 Feb 2012 02:52:00 +0000

Fundamental
Palm oil prices rose on Tuesday, on the back of the rally in US soybeans as investors worried about the adverse weather conditions in South America affecting crop yields. In addition, the weakening of the Ringgit against the dollar spurred demand for the tropical oil.

Overnight crude oil fell, tracking weaker retail sales figures in the US, as well as fresh concerns on Europe over a potential downgrade of its triple-A ratings for France, Britain and Austria. On the other hand, US soyoil rose to a near four-month high yesterday, due to production concerns in Brazil and signs of fresh US export demand. Expect futures to trade range bound with upwards bias today as lingering European issues may counter the adverse weather conditions in South America.

Overnight Leads
US soybean futures end mostly higher, with old crop contracts rallying to nearly four-month highs.
Soybean futures rose for the third consecutive trading day, fueled by worries about hot, dry
conditions in southern Brazil leading to lower crop yields, analysts say.

Technicals
Futures closed at 3205.0, up 2.36 percent. Futures managed to settle above psychological level of 3200 depicted by a long white candle as strong buying interest seen throughout the day. A sustained break above this level would likely see futures head towards testing 3240. The MACD reaffirmed the bullish outlook as it crossed its 8-day moving average on a bullish divergence. As such, support and resistance can be pegged at 3185 and 3240 respectively.

Strategy : Aggressive trade may long with a stop on below 3185.

HAPPY TRADING

Technical Analysis : 富时大马综合指数 2012-02-13 FBMKLCI 13/02/2012

noreply@blogger.com (Zhuge Liang) — Mon, 13 Feb 2012 12:53:00 +0000

富时大马综合指数 2012-02-13

如图中箭头A所示，富时大马综合指数（综指）周一在窄幅中波动，按日微扬1.16点或0.07%，以1562.82点挂收。综指当前支持水平除了是14、21、31天综合加权移动平均线（Exponential Moving Average – EMA）动态支持线以外，就是1530-1540点的水平。

如图中箭头B所示，马股总成交量周一减少20.67%，不过成交量依然能处于40天的成交量平均线(VMA)以上。这表示马股整体上的交投还是属于活跃的。以技术而言，若综指（或马股整体上）进入横摆调整时成交量减少的话，那通常表示是一个健康的盘整格局。

如图中C圈所示，随即指标（Stochastic）还是处于70%水平以上，这是综指短期强势区域的讯号，表示综指短期走势还是偏强的。

总得来说，综指涨势至今依然是完整的，而只要综指还是能获得14、21、31天EMA动态支持线的扶持，那综指当前的技术展望也还是处于正面的。综指接下来的阻力水平落在1600点的整数点。

FBM KLCI 13 Feb 2012
As indicated by A, the KLCI was traded in narrow range on Monday, gaining 1.16 point or 0.07%, to close at 1562.82 points. Meanwhile, other than the 14, 21, 31 EMA dynamic support, support for the KLCI is at 1530 – 1540.

As indicated by B, total market volume fell 20.67%, but volume remains above 40-day volume moving average, and this suggests that the market overall is still actively participated. Generally, if volume should reduce during a consolidation of the KLCI, it suggests a healthy correction or consolidation.

As circled at C, the Stochastic remains above 70%, in the short term bullish territory. This suggests that the short term movement of the KLCI is still positive.

In short, the utprend of the KLCI remains intact, and provided that the KLCI is still supported by the 14, 21, 31 EMA dynamic support, the technical outlook is also positive. Next resistance for the KLCI is at 1600.

HAPPY TRADING

CPO >>> A 3200 Possibility

noreply@blogger.com (Zhuge Liang) — Mon, 13 Feb 2012 02:40:00 +0000

CPO 55 / 45 Advantage For Bulls

Support : 3120

Resistance : 3170

Target : 3170 / 3200

HAPPY TRADING

GE 13 Theme Play >>> LIONCOR 3581 ... a strong BN sponsor.

noreply@blogger.com (Zhuge Liang) — Mon, 13 Feb 2012 01:20:00 +0000

LIONCOR (3581) is one of many LION GROUP and MCA linked stocks. 3581 is randomly selected due to it's high volume capacity.

From past records, the LION GROUP had always remained the last speculative & agressive stocks as far as general election theme play comes around.

ZL suspect there won't be much break of tradition as far as 3581 is concern this time around. If 3581 shows volume spike & gains, you can be confident GE related rumours will be blowing in the wind >>> stronger than normal.

HAPPY TRADING

FKLI DAILY PREVIEW February 13, 2012

noreply@blogger.com (Zhuge Liang) — Mon, 13 Feb 2012 01:00:00 +0000

Preview
Expect futures to trade under pressure today as overnight Dow Jones and S&P recorded losses after the Greece bailout agreement suffered a setback, facing opposition by Greek lawmakers.

In addition, investors were expecting a slowdown after recent strong equity rally. On the local front, the FBM KLCI ended at 1561.66, down 0.23 percent. Bargain buy was apparent after index opened lower, pushing index to day’s high of 1564.66. However, profit takers controlled the trending for the rest of the day. Energy, plantation and gaming stocks were the leading losers for the day, shown by TNB, IOI and Genting stocks. Market sentiment remained negative, as futures now trade at a discount of 8.66 points.

Technicals
Futures ended the day at 1553.0, down 0.35 percent. Futures trading was depicted in the formation of a short black candle, a reversal of fortune after a five-session streak of bullish outlook. As prices maintain its position above the psychological level of 1550, MACD is likely to continue its bullish momentum, crossing over its 9-day moving average. Technically speaking, investors may stay indecisive as contrasting outlook were derived from the indicators. As such, support and resistance can be pegged at 1533 and 1568 respectively.

Strategy

Aggressive trade may short with a stop on below 1568.

GOODLUCK

30 x Middle Bollinger Range Bound Stocks 4ur Perusal

noreply@blogger.com (Zhuge Liang) — Fri, 10 Feb 2012 02:03:00 +0000

*Note: To qualify in this list above, the first sorting criteria is stock price must have just climbed or stayed ABOVE the middle Bollinger Band, followed by a second criteria that trading volume for the day must be significantly strong. This is a good watch list for momentum traders looking for short-term BUY ideas, as they are laggards with good upside potential towards the upper Bollinger band or higher to TAKE PROFIT/SELL.

Caveat: Some stocks may continue to stay range bound and trade sideways, hence traders should refer to their respective charts to spot accumulation (volume growth) or breakout patterns.

DISCLAIMER

The information contained herein was obtained from sources believed to be reliable. However, we do not guarantee the accuracy and completeness of the report. Opinions expressed herein are subject to change without notice. This report is for information purposes only and should not be construed as an invitation, offer or solicitation to purchase or sell any futures product referred to herein. The Author may from time to time has an interest or position in the futures products or stocks mentioned. There is a risk of loss in trading stocks,futures & derivatives like products.

HAPPY TRADING

Technical Analysis : 富时大马综合指数 09/02/2012 FBMKLCI 09/02/2012

noreply@blogger.com (Zhuge Liang) — Thu, 09 Feb 2012 12:47:00 +0000

富时大马综合指数 09/02/2012

富时大马综合指数（综指）自上扬突破1540点阻力水平后周四更上一层楼，按日上扬12.14点或0.78%以1565.32点挂收。如图中箭头A所示，14、21、31天综合加权移动平均线（Exponential Moving Average – EMA）继续为综指上扬的动态支持线。综指阻力水平落在1600点，也就是马股有史以来的最高峰。

如图中箭头B所示，马股总成交量减少24.47%，但是依然能维持在40天的成交量平均线（VMA）以上。这表示马股当前整体上的交投还算是活跃的。而一般来说，若成交量能稳站于40天的成交量平均线以上，将有助于为马股正在改善的投资气氛保温。

如图中箭头C所示，随机指标（Stochastic）已经达到100%水平，这表示综指短期走势强劲，但是却开始有出现超买（Over-bought）的现象。无论如何，只要随机指标能继续维持在70%水平以上，那综指短期还是处于偏强的走势中。

总的来说，综指涨势至今依然是完整的。虽然综指短期走势稍微开始进入超买现象，而若综指接下来出现轻微的调整，也是很正常的。关键在于综指调整后必须继续获得14、21、31天EMA动态支持线的扶持，届时涨势才有望延续下去。

FBM KLCI 09 Feb 2012

After breaking above 1540, the KLCI continue its rally on Thursday, gaining another 12.14 points or 0.78%, to close at 1565.32 points. As indicated by A, the 14, 21, 31 EMA is still serving as the dynamic support to the KLCI and the KLCI next resistance is at 1600, which is the all time high of the KLCI.

As indicated by B, total market volume fell 24.47%, but still above the 40-day volume moving average. This suggests that the market overall is still actively participated, and generally, with volume above the 40-day volume moving average, it is likely to sustain the improving market sentiment.

As indicated by C, the Stochastic is now touching 100%, which suggests that the short term movement of the KLCI is indeed bullish, but also started to be over-bought. Nevertheless, as long as the Stochastic is still above 70%, the short term movement of the KLCI is still positive.

In conclusion, the uptrend of the KLCI is still intact, but short term movement is now beginning to be over-heated. It is normal for the KLCI to have some minor correction or consolidation after a few days of rally, and provided that the KLCI is still above the rising 14, 21, 31 EMA after the possible correction, the technical outlook is still on the positive side.

HAPPY TRADING

Another Peek Into Next Week

noreply@blogger.com (Zhuge Liang) — Sat, 04 Feb 2012 05:16:00 +0000

FBM KLCI Looks Formidable

But DJIA Is Due For Correction

Can anyone imagine how the DJIA WEEKLY Elliot Wave Chart looks like now?

Clue >>> Wave 5 is almost in completion (hehehe)

Catalyst wise FBMKLCI still have the GE 13 factor looking forward.

What does DJIA looks at next?

Earning reports are finishing. Euro zone rescue plan?

That, my friends, had been factored in.

HAPPY WEEKEND

Tight Range Predicted For Malaysia Stock Market 03 Feb 2012

noreply@blogger.com (Zhuge Liang) — Fri, 03 Feb 2012 00:46:00 +0000

Rangebound Trading Ahead Of Extended WeekendThe Malaysian stock market has finished higher now in back-to-back sessions, collecting almost 25 points or 1.6 percent in the process. The Kuala Lumpur Composite Index settled just above the 1,535-point plateau, and now analysts are forecasting little movement for the market at the opening of trade on Friday.

The global forecast for the Asian markets is mixed with a tough of upside ahead of key payroll data from the United States later in the day. Comments from the Federal Reserve add to the desire to remain on the sidelines. Airlines and gold stocks may move higher, along with oil and networking companies. The European markets finished higher and the U.S. bourses were mixed but little changed, and the Asian markets are expected to split the difference.

The KLCI finished sharply higher on Thursday following gains from the financial shares, industrial issues and plantation stocks.

For the day, the index jumped 15.80 points or 1.03 percent to finish at 1,537.09 after trading between 1,526.57 and 1,540.89. Volume was 2.58 billion shares worth 2.87 billion ringgit. There were 643 gainers and 286 decliners, with 298 stocks finishing unchanged.

Among the gainers, Hartalega Holdings, United Plantations, Petronas Dagangan, Maybank, Sime Darby, Petronas Chemicals and CIMB Group all finished higher.

The lead from Wall Street offers little guidance as stocks were lackluster on Thursday ahead of Friday's closely watched monthly jobs report, eventually ending the day mixed. Economists are expecting employment to increase by about 150,000 jobs in January, while the unemployment rate is expected to remain unchanged at 8.5 percent.

As a result, traders largely shrugged off the Labor Department's weekly jobless claims report, which showed that claims fell by more than anticipated in the week ended January 28. Jobless claims dipped to 367,000 from the previous week's revised figure of 379,000. Economists had expected claims to edge down to 370,000 from the 377,000 originally reported for the previous week.

A separate report from the Labor Department showed a slightly smaller than expected increase in labor productivity in the fourth quarter. At the same time, the report showed a bigger than expected increase in unit labor costs.

In addition, Federal Reserve Chairman Ben Bernanke told the House Budget Committee that the U.S. economy is on the mend but is not yet ready to stand on its own two feet without help from the Fed.

"Over the past two and a half years, the U.S. economy has been gradually recovering from the recent deep recession," Bernanke said in prepared testimony. "While conditions have certainly improved over this period, the pace of the recovery has been frustratingly slow, particularly from the perspective of the millions of workers who remain unemployed or underemployed."

Among individual stocks, shares of Qualcomm (QCOM) rose by 2 percent after the wireless chip maker reported better than expected first quarter results. The company also issued healthy second quarter and full year guidance. Allstate (ALL) also turned in a strong performance after the insurance company reported fourth quarter operating income that exceeded estimates, as catastrophe losses declined.

The major averages closed on opposite sides of the unchanged line, with the Dow posting a modest loss. While the Dow edged down 11.05 points or 0.1 percent to 12,705.41, the NASDAQ rose 11.41 points or 0.4 percent to 2,859.68 and the S&P 500 inched up 1.45 points or 0.1 percent to 1,325.54. Despite the mixed performance on the day, the tech-heavy NASDAQ extended a recent upward
move, reaching its best closing level in almost seven months.

HAPPY TRADING

WALL STREET : Stocks Rally on Solid Domestic Data

noreply@blogger.com (Zhuge Liang) — Thu, 02 Feb 2012 00:00:00 +0000

Hot Start To February
The DJIA and SPX gained 0.7% and 0.9%, respectively, while the COMP added 1.2%
Fresh off their impressive January gains, U.S. stocks jumped higher in early trading today, and maintained their positive momentum throughout the session. Traders were abuzz even before the markets opened, as a couple of well-received manufacturing reports from the euro zone -- along with persistent rumors that Facebook may soon file an IPO -- sparked the bullish flames.

As the day carried on, Wall Street also applauded an in-line payrolls report from ADP, and a steeper-than-predicted climb in construction spending. As the first session of February came to a close, all three major market indexes finished with solid gains, with the Nasdaq Composite (COMP) leading the way with a 1.2% jump.

The Dow Jones Industrial Average (DJIA – 12,716.46) rallied as high as 12,784.62 in early trading, before paring its lead and finishing with a healthy gain of 83.55 points, or 0.7%. Among the Dow's 30 components, McDonald's (MCD) led the three laggards, giving up 0.7%. Conversely, Bank of America (BAC) paced the bullish majority by tacking on 3.2%.

The S&P 500 Index (SPX – 1,324.08) touched an intraday acme of 1,330.52, but cut its gain to 11.7 points, or 0.9%, by the time the dust settled. The rally was quite broad on the day. In fact, 33 companies listed on the broad S&P 500 hit 52-week highs.

Finally, the Nasdaq Composite (COMP – 2,848.27) fared the best of its peers today, adding 34.4 points, or 1.2%. Earlier, the tech-rich index peaked at 2,855.73. Today marked the COMP's highest close since July 22.

QUOTES OF THE DAY

"Overall, today's data confirmed the message in the flash reports that the manufacturing sector in the euro area [stabilized] in January."

"The numbers aren't horrible, the trend continues that the news is OK."

“The movement in the market today has a lot to do with positive manufacturing data from overseas and fact that [the] U.S. is still growing.”

“The market is overdue for a pullback or correction. A clear break of 1,300 on the S&P 500 confirmed by a break of trend line support on the NYSE advancers/decliners would get the ball rolling.”

“While January is important, it is only one of a dozen months, so it too should not tell the future.”

HAPPY TRADING

Dow Weekly Bearish Divergence 01 Feb 2012

noreply@blogger.com (Zhuge Liang) — Wed, 01 Feb 2012 01:58:00 +0000

DJIA Weekly Shows Correction Due

Dow Jones Industrial Average is already in a primary up-trend, having completed a higher trough late last year, and is now testing the 2011 high of 12800. Retracement to 12300 and the rising trendline is likely. Respect would confirm the new up-trend, but a large bearish divergence on 13-week Twiggs Money Flow warns of failure and a cross below zero would indicate reversal to a primary down-trend.

INEVITABLE

Technical Analysis : FBMKLCI 31/01/2012 综合指数 2012-01-31

noreply@blogger.com (Zhuge Liang) — Tue, 31 Jan 2012 13:16:00 +0000

FBM KLCI 31 Jan 2012

The KLCI had its intra-day low reaching 1509.49 points, but started to rebound after the session break, ended 7.74 points or 0.51% high to close at 1521.29 points. As indicated by A, the 14, 21, 31 EMA is still serving as the dynamic support to the KLCI while the resistance remains unchanged at 1530.

As indicated by B, total market volume fell 22.74%, with volume still above the 40-day volume moving average. This suggests that the market is relatively active, and if volume should continue to stay above the 40-day volume moving average, while the KLCI is still supported by the 14, 21, 31 EMA, the market sentiment overall is likely to remain positive.

As indicated by C, the Stochastic rebounded on Tuesday, leaving the short term bearish region. At the moment, the Stochastic %K is at 66.07%, which is the neutral region, with some positive bias. If the Stochastic could break above 70%, it would be entering the short term bullish territory.

In conclusion, the technical outlook remains positive for the KLCI but since the KLCI is still capped under the 1530 resistance, the upside room is still limited. In short, the KLCI is consolidating in a sideways manner while its uptrend is still intact. For now, no sign of bearish reversal yet.

综合指数 2012-01-31

富时大马综合指数（综指）周二一度下跌至1509.49点的全日最低，惟在午盘后开始回弹，最后并以1521.29点挂收，按日上扬7.74点或0.51%。如图中箭头A所示，综指依然获得14、21、31天EMA动态支持线的扶持，因此当前的技术展望仍然处于正面。综指阻力水平保持在1530点。

如图中箭头B所示，马股总成交量周二减少22.74%，但是依然处于40天的成交量平均线（VMA）以上。这表示马股当前的交投还是属于活跃的。若接下来成交量能维持在40天的成交量平均线以上，再配合综指继续获得14、21、31天EMA的扶持，那综指涨势有望维持下去。

如图中箭头C所示，随机指标（Stochastic）周二反弹，避开了短期弱势格局。目前的随机指标处于66.07%的水平，是综指短期中和的区域。接下来若随机指标能再次上扬突破70%水平，那综指有望重返短期强势格局。

总的来说，综指继续获得14、21、31天EMA动态支持线的扶持，因此当前的技术展望还是处于正面的。不过综指始终未能突破1530点的水平，因此上扬空间还是有限。简单来说，综指当前处于涨势中的横摆盘整格局，暂时未有转弱的迹象。

HAPPY TRADING

A Peek Into The Week Ahead >>> On A Canter

noreply@blogger.com (Zhuge Liang) — Sat, 28 Jan 2012 05:07:00 +0000

Wall Street Week Ahead :

Key Jobs Report, Earnings & Data

ANALYSTS QUOTES

“The big news the last couple of weeks is the program they launched over in Europe, the lending facility to the banking system, seems to be working. The market seems unrattled.”

“This earnings season hasn’t been nearly as robust as the last couple; there’s a bias toward companies beating versus missing, which is reflecting a slow-growing economy.”

“We’ve had such a good run, one of the strongest we’ve had in a long time from the start of the year, so we’re overdue.”

“There are a lot of bullish surveys, which is usually a clear sign that things are going to correct.”

“The program they launched over in Europe, the lending facility to the banking system, seems to be working, with yields on Spain and Italy’s sovereign debt making substantial moves in the right direction.”

“We all know it’s just a matter of getting everyone lined up in terms of getting private investors to take a haircut, and here domestically, things have been headed in the right direction.”

On negotiations of the Greece debt fiasco ..... "Important understandings were reached on legal and technical issues."

BSKL To Maintain Strong Risk Appetite

Market expected to trend higher next week along with other regional markets

VIEWS & OPINIONS

"We view the dovish statement from the US Federal Reserve (that interest rates would remain exceptionally low until at least late 2014) was a positive surprise for investors."

"Trading volume at the local bourse over the week was fairly heavy considering it being a holiday-shortened week, with many investors expected to return on Monday, the market is expected to be buoyant."

"The water dragon may rear it's head next week."

"We expect the Europeans to open the possibility of huge asset purchases to boost the global economy. Going forward, we believe the local equity market will maintain strong risk appetite, with commodities and emerging market currencies seeing strong demand."

"The local market would continue to be influenced by external events significantly despite local fundamentals remaining strong and speculative play ahead of the 13th general election."

HAPPY WEEKEND & GONG XI FA CAI

DJIA, SPX Surrender Early Gains on Disappointing Data

noreply@blogger.com (Zhuge Liang) — Thu, 26 Jan 2012 22:30:00 +0000

Nevertheless, the blue-chip barometer maintained a perch atop 12,700

U.S. stocks spent time on both sides of the breakeven line today, as Wall Street weighed hot-and-cold earnings and economic reports. Initially, stronger-than-expected quarterly reports from Caterpillar (CAT) and 3M Company (MMM) bolstered the blue chips, while Netflix (NFLX) lured buyers to the Internet sector. Furthermore, a bigger-than-expected jump in durable-goods orders also helped the bulls maintain the reins in early trading.

However, a hefty quarterly loss from AT&T (T) tempered the Street's earnings enthusiasm, while a lackluster report on new-home sales and a rise in weekly jobless claims eventually tipped the scales in the bears' favor.

Against this backdrop, stocks whittled their gains as the session progressed, with all three major market indexes in the red by the closing bell.

The Dow Jones Industrial Average (DJIA – 12,734.63) peaked at 12,841.95 in early trading, but eventually finished 22.3 points, or 0.2%, lower. Nevertheless, the 12,700 level stepped up to provide support. Among the index's 30 components, Caterpillar and 3M paced the six advancing equities, notching earnings-related gains of 2.1% and 1.3%, respectively. Meanwhile, AT&T led the bearish majority, surrendering 2.5%, while Cisco Systems (CSCO) finished flat.

The S&P 500 Index (SPX – 1,318.45) traded as high as 1,333.47 before performing an about-face, giving up 7.6 points, or 0.6%, when all was said and done.

Finally, the Nasdaq Composite (COMP – 2,805.28) jumped to 2,834.30 right out of the gate, but backpedaled to a loss of 13 points, or 0.5%, by the time the dust settled. Like the Dow, however, the tech-rich COMP found round-number support in afternoon trading, maintaining its perch atop the 2,800 level.

HAPPY TRADING