16th December 2011, Friday

FBMKLCI

Strong Support – 1454 Level!

The immediate strong support level remains at 1454 level and this should be the strong support level for the remaining of the year. However, the immediate strong resistance level remains at 1487 level, followed by 1500 level. Thus, the index for the rest of the year is expected to hover within the above tight range.

FKLI

Range Trading Opportunity…

Nothing much that investor can do for this consolidation phase except to wait patiently until a clear direction is shown. However, investors can easily profit from this range trading as it given us a clear level of initiation with stop loss level more easily to be identified.

Investors can remain eyeing for this range (1450 – 1487 levels) and capturing the necessary profit for the above mentioned range trading.

Immediate support is seen at 1450 level and immediate resistance is seen at 1481 level.

FCPO

Starting of the Free Fall?

As mentioned, if the 3000 level not able to be supported, the FCPO might face with a free fall situation and trade within the next range of the Fibonacci (2700 – 3000 levels). Any rebound for today might serve as a good level to initiate short position with the stop loss level being placed around 3040 level.

Immediate support is seen at 2950 level and immediate resistance is seen at 3000 level, followed by 3040 level.

15th December 2011, Thursday

FBMKLCI

Slow Movement…

The KLCI is expected to resume its tight range trading of 1453 – 1487 levels for another week with the immediate strong support is seen at 1453 level (SMA 50 & Fibonacci level of 50%). Provided the above level is being taken over convincingly, else, the index will resume its boring trading session for the remaining of the year.

Immediate support is seen at 1453 level and immediate resistance is seen at 1464 level (SMA 100), followed by 1475 level.

FKLI

Lower Band of the Range…

The FKLI again will test the lower band of the range trading (1450 – 1490 levels), this will give a clearer indication for investors to initiate position, especially any level below 1450. It is worthwhile to give it a try for long position initiation with stop loss level being placed around 1442 level. I reiterate, risk averse investors should remain holding intraday position only. Immediate support is seen at 1459 level, followed by 1450 level and immediate resistance is seen at 1470 level, followed by 1481 level.

FCPO

Uptrend confirmed?

It is too early to answer the above question as the FCPO just took over the Fibonacci level of 23.6% yesterday. We shall have a confirmation by the end of the day. The FCPO might start another different range of trading (within 3000 – 3100 levels) for the remaining of the year. Thus, investors can initiate long position when the FCPO is trading near to 3000 level and initiate short position when the FCPO is trading near to the 3100 level.

Immediate support is seen at 3000 level, followed by 2980 level and immediate tough resistance is seen at 3100 level.

14th December 2011, Wednesday (MAS)

Announcement:-

1)      Both the Contract Specification for FKLI and FCPO (both languages – English & Mandarin) have been published on my blogspot under the “Futures” tab – item 1.

2)      For those who have attended the Learn the Correct Trading Technique Now’s class, an email has been sent to you for certain announcement, please drop me an email if you do not receive it.

3)      Starting next Monday (19^th December 2011), I will be on leave till 2012 and no market outlook will be published on daily basis. However, if there is severe movement in the market, I will cover the write up during the day itself. The daily market outlook will resume on 3^rd of January 2012 (Tuesday).

MAS

Last Done: RM1.31

Those investors who are having this stock can remain holding on to the stock with the stop loss level being set at recent low of RM1.23. Overall technical landscape remains weak as the trend heading towards south (shown by the moving average and the downtrend line).

Immediate support is seen at RM1.23, followed by RM1.15 and immediate resistance is seen at RM1.37 level, followed by RM1.40.

FKLI

Overall – Range Trading of 1490 to 1450 Levels…

Since mid of October till today, most of the time, the FKLI is trading within the above mentioned range and this should be the range for the remaining of the year. This range should serve as a good reference level for investors to initiate any fresh position (long when the FKLI is approaching 1450 level and short when the FKLI is approaching 1490 level with stop loss level being placed around the above support and resistance level).

Immediate support for the day is seen at 1459 level, followed by 1450 level and immediate resistance is seen at 1470 level, followed by 1475 level.

FCPO

Slow Movement…

The FCPO is expected to resume its tight range trading bias towards long position with stop loss being set around 2980 level. A clear direction yet to be shown, as such, investors (especially risk averse) should remain intraday trading.

Immediate support is seen at 2997 level, followed by 2980 level and immediate resistance is seen at 3020 level, followed by 3040 level.

13th December 2011, Tuesday

DJIA

Convincing Break?

The DJIA took over the SMA 200 since a week ago, however, is this a convincing break for the Dow? The answer is “no”. We can only safely say that the DJIA will need to break through 12300 level for a confirmed uptrend in the near future. Immediate support is seen at 11900 level and immediate resistance is seen at 12000 level.

We shall look at MAS stock tomorrow as requested by investors.

FKLI

Take a Chance!

Worthwhile for investors to take a chance to initiate long position, especially any level below 1450 level with cut loss point being set around 1442 level. However, risk averse investors should remain intraday trading. Immediate support is seen at 1459 level, followed by 1445 level and immediate resistance is seen at 1480 level.

FCPO

Starting of Another Round of Downward Trading?

We shall have a confirmation for the above question by the end of tomorrow. If the Fibonacci level of 23.6% (3040) is being taken over convincingly, the FCPO might head towards south and trade within 2700 to 3000 levels.
For risk taker investors, as this maybe the starting of the south side trading, so long as the 3000 level is not able to be supported, investors can initiate a short position with the stop loss level being placed around 3010 level.

Immediate support is seen at 2995 level (SMA 50), followed by 2950 level and immediate resistance is seen at 3020 level, followed by 3040 level.

12th December 2011, Weekly Market Outlook

Summary


For detail, please click here.

	Stock	Futures
		FKLI	FCPO
Today Strategy & Stock Pick	For Risk Taker Stock: -	Risk Taker: Take intraday or short term long position (range: 1450 – 1490) Risk Averse: Take intraday long position (range: 1550 – 1490).	Risk Taker: Remain intraday trading until a clear direction being shown. (Range: 3040 – 3130) Risk Averse: Remain intraday trading until a clear direction being shown. (Range: 3040 – 3130)
	For Risk Averse Stock: -
Stop Loss	-	Risk Taker: - Risk Averse: -	Risk Taker: - Risk Averse: -
Market Direction	KLCI: Range Trading.	Range trading.	Hovering around the SMA 30.
Support & Resistance level	KLCI: S1: 1453 S2: 1424 R1: 1467 R2: 1487	Support: S1: 1446; S2: 1430	Support: S1: 3040; S2: 3000
		Resistance: R1: 1458; R2: 1482	Resistance: R1: 3100; R2: 3130
Initial Margin	-	RM5000	RM6000

9th December 2011, Friday

Announcement:

For those who have registered for tomorrow class [Easy Way to Learn Stock & Futures (KL Session), last class for the year of 2011], please be punctual as the class as usual will start at 10am sharp.

FBMKLCI

1468 Able to be Supported?

Since SMA 30 & SMA 100 fall on the same level – 1468, this level should serve as an important support level, we shall closely monitor this level, especially for those who are trading in futures.

Immediate support is seen at 1468 level (SMA 30 & SMA 100), followed by 1453 level (Fibonacci level of 50%) and immediate resistance is seen at 1487 level (Fibonacci level of 61.8%).

FKLI

Hold on to your Short Position…

Overall technical landscape remains negative, especially if the SMA 20 (1459 level) is not able to be supported, investors can initiate further short position. For those who have initiated short position from 1500 level, you should take your first level of profit around 1460 level.

Immediate support is seen at 1463 level (SMA 30), followed by 1445 level (Fibonacci level of 50%) and immediate resistance is seen at 1481 level (Fibonacci level of 61.8%).

FCPO

Boring Session Resume…

The FCPO is expected to resume its boring session by hovering around the SMA 20 level and not much that investors can do except to trade on intraday or wait patiently for a clear direction before any new position can be initiated.

Immediate support is seen at 3081 level (SMA 30), followed by 3050 level and immediate resistance is seen at 3100 level, followed by 3132 level (SMA 20).

8th December 2011, Thursday (Dialog)

DIALOG

Last Done: RM2.43

This might not be the level to initiate a buy position for this stock yet as overall technical landscape remains neutral and the stock remains in consolidation phase. For initiating a buy position for this stock, the stock will need to take over RM2.46 level (Fibonacci level of 61.8%) convincingly coupled with the widening of the Bollinger upper and lower band, then the buying will be more convincing.

Immediate support is seen at RM2.40 level, followed by RM2.33 level and immediate resistance is seen at RM2.46, followed by RM2.50 level.

FKLI

Sideway Trading…

Further sideway trading is expected as investors are uncertain of the development in Europe countries. Trading range for the day is expected to be around 1490 – 1470 levels.

Immediate support is seen at 1482 level (Fibonacci level of 61.8%), followed by 1466 level (SMA 100) and immediate resistance is seen at 1490 level, followed by 1500 level.

FCPO

Hovering Around SMA 20…

The FCPO is expected to resume its tight range trading around the SMA 20 level (3129) before it can convincingly break through the SMA 20 level. Taking over the SMA 20 level convincingly should give investors the confidence to initiate long position.

Immediate support is seen at 3100 level, followed by 3075 level (SMA 30) and immediate resistance is seen at 3129 level (SMA 20), followed by 3150 level.

7th December 2011, Wednesday

FBMKLCI

1487 Level Becomes Tough Resistance at the Moment…

Since the index dropped below the 1487 level, the index is facing with higher risk that 1487 level might be the immediate tough resistance level to be taken over for the near future. If this level unable to be taken over, the index will not able to create a convincing uptrend as high is not getting higher. Investors can closely monitor this level.

Immediate support is seen at 1471 level and immediate resistance is seen at 1487 level. There are a lot of investors are asking about Dialog, I will cover this stock tomorrow.

FKLI

Short Position In Favor…

Although the FKLI might experience some rebound today as overnight Dow closed in positive territory, investors can still look into initiating short position on any rebound as overall trend remain weak, especially the tough resistance for cash is at 1487 & 1500 levels.

Immediate support is seen at 1467 level, followed by 1445 level and immediate resistance is seen at 1481 level, followed by 1500 level.

FCPO

Range Trading…

The FCPO might resume its tight trading range within 3040 level to 3100 level until the 3125 level (SMA 20) is being taken over convincingly by the FCPO. Investors can remain intraday trading, else looking into initiate long position if the FCPO dropped near to 3036 level (Fibonacci level of 23.6%).

Immediate support is seen at 3040 level, followed by 3000 level and immediate resistance is seen at 3100 level, followed by 3122 level.

6th December 2011, Tuesday

FBMKLCI

Immediate Task – Take Over 1500 Level!

The FBMKLCI still faced with tough resistance at 1500 level (SMA 200 & psychological level), the index will need to garner more buying power to break through this level, else, the chances for the index to suffer sharp retracement will be high. The immediate support is seen at 1487 level, followed by 1475 level and the immediate resistance is seen at 1500 level, followed by 1510 level.

FKLI

Opportunity to Initiate Short Position?

Can investors still initiate short position? The answer is “yes” for risk taker investors. At this level, short position will be more in favor compare to long position and risk taker investors can take a chance to initiate the short position, especially any level above 1500.

Immediate support is seen at 1480 level, followed by 1465 level and immediate resistance is seen at 1500 level, followed by 1510 level.

FCPO

Initiate Long Position?

The direction is clearer at the moment, as long as the FCPO is able to sustain above the SMA 20 (3122), the FCPO might head towards next resistance level of 3217. Investors can initiate long position with the stop loss level being place around 3100 level.

Immediate support is seen at 3100 level, followed by 3040 level and immediate resistance is seen at 3150 level, followed by 3217 level.

5th December 2011, Weekly Market Outlook

Announcement:

The information for this Saturday seminar session (Easy Way to Learn Stock & Futures) has been sent out last Friday to all participants who have registered with us previously. If you do not receive, please drop me an email. Confirmation need to be done asap as the class is fully taken up. Thanks.

Summary


Detail, please click here.

	Stock	Futures
		FKLI	FCPO
Today Strategy & Stock Pick	For Risk Taker Stock: -	Risk Taker: Refer to 1500 level. Risk Averse: Refer to 1500 level.	Risk Taker: Refer to 3040 level. Risk Averse: Refer to 3040 level.
	For Risk Averse Stock: -
Stop Loss	-	Risk Taker: Around 1510 Risk Averse: Around 1510	Risk Taker: - Risk Averse: -
Market Direction	KLCI: Positive, however, investors should take extra cautious.	Positive, however, investors should take extra cautious.	Hovering within 3100 to 3000 level.
Support & Resistance level	KLCI: S1: 1487 S2: 1474 R1: 1500 R2: 1510	Support: S1: 1481; S2: 1458	Support: S1: 3040; S2: 3000
		Resistance: R1: 1510; R2: 1520	Resistance: R1: 3114; R2: 3150
Initial Margin	-	RM5000	RM6000