17th October 2011, Weekly Market Outlook

Summary

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	Stock	Futures
		FKLI	FCPO
Today Strategy & Stock Pick	For Risk Taker Stock: -	Risk Taker: Remain short position with stop loss level being set around 1455 level. Risk Averse: Remain intraday trading.	Risk Taker: Get ready for new market direction, especially if the 2920 level is being taken over convincingly. Risk Averse: -
	For Risk Averse Stock: -
Stop Loss	-	Risk Taker: Around 1455 level. Risk Averse: -	Risk Taker: - Risk Averse: -
Market Direction	KLCI: Uptrend	Uptrend, however, immediate tough resistance is seen at 1455 level.	Downtrend, however, turning signal is seen.
Support & Resistance level	KLCI: S1: 1420 S2: 1410 R1: 1455 R2: 1487	Support: S1: 1410; S2: 1400	Support: S1: 2750; S2: 2700
		Resistance: R1: 1455; R2: 1481	Resistance: R1: 2920; R2: 2945
Initial Margin	-	RM5000	RM6000
World News	The US government is running into USD1.3 trillion of budget deficit. US retail sales rise by 1.1% for the month of September. Wall Street protects resume.