14th December, Friday (Overall Market)

Announcement:

Please be informed that there will be no daily market outlook for the coming two weeks as I will be away for my vacation, however, stocks and futures’ research report/ market outlook from our company will remain available for your reference. You can re-access to this site starting 2^nd of January 2013. Wish you Merry Christmas & Happy New Year! Please do not forget to do your trading post mortem for the year of 2012 and set your target for 2013.

DJIA

Sustaining at Important Level – 13000!

13000 level – remains as a reliable support level as both the SMA 200 & psychological level located. As mentioned, so long as this level is able to be supported, more upside is expected with the tough resistance is seen at 13600 level only. We should see the DJIA to move towards the 13600 level, albeit in a slower pace.

For the upcoming two weeks, the immediate support is seen at 13000 level and the immediate resistance is seen at 13300 level, followed by 13500 level.

FKLI

Window Dressing to Set in during the Year End!

For the remaining of the year, the index is expected to trade within 1650 to 1680 levels. I am still in the view that there is a chance that the index will retest its historical high by the end of the month as year-end window dressing is expected to set in. Thus, any weakness should still serve as a good level to initiate long position. For the coming one week, we are expecting the index to hover around the 1650 to build the base before re-testing the historical high.

For the upcoming two weeks, the immediate support is seen at 1630 level, followed by 1610 level and the immediate resistance is seen at 1650 level, followed by 1680 level.

FCPO

Range of 2250 to 2450 Level!

For the coming two weeks, the FCPO is expected to hover around the 2250 to 2450 level. I am still in the view that current level should give us a chance to take a risk by initiating long position with stop loss level being set around 2200 and investors who have shorted the FCPO previously should consider to take your profit at current level! The 2215 level (recent low) remains a reliable support level, at least for now.

The immediate support is seen at 2215 level, followed by 2180 level and the immediate resistance is seen at 2350 level, followed by 2450 level.

Disclaimer:

The information herein was obtained or derived from the source that I believed are reliable. No liability can be accepted for any loss that may arise from the use of this report. All opinions and estimates included in this report constitute my judgment as of this date, not an invitation to buy and are subject to change without further notice.