5th September 2011, Monday – Weekly Market Outlook

Summary

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	Stock	Futures
		FKLI	FCPO
Today Strategy & Stock Pick	For Risk Taker Stock: Will not encourage stock accumulation at this down trend.	Risk Taker: Hold on to previous short position Risk Averse: Hold on to previous short position	Risk Taker: Hold on to previous long position Risk Averse: Remain sidelines until the triangle is being taken over.
	For Risk Averse Stock: Should remain sideline, follow overall market direction.
Stop Loss	Nil	Can move lower to 1490 – 1492.	Risk Taker: 2910 - 2900 Risk Averse: -
Market Direction	KLCI: Downtrend	Downtrend	Further sideway trading is expected until either direction is being taken out (at the triangle)
Support & Resistance level	KLCI: S1: 1450 S2: 1423 (recent low) R1: 1489 R2: 1500	Support: S1: 1450; S2: 1426	Support: S1: 3000; S2: 2910
		Resistance: R1: 1467; R2: 1492	Resistance: R1: 3055; R2: 3145
Initial Margin	-	RM5000	RM8500
World News	Jobless number remains the same at 9.4% in US. Crude oil closed sharply lower. US government sued banks over sales of risky investment.