Tuesday, March 30, 2010

20100330 1715 FKLI futures closes down...

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20100330 1149 FKLI futures 5 min chart, stops triggered below 1320..

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Monday, March 29, 2010

20100329 1621 Classic fcpo futures downmove on 1mn.

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20100329 0953 FKLI 5 min chart

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Saturday, March 27, 2010



20100327 If you put $ to work on TM (Telekom Malaysia) in Nov 2009, now the benefits are reaped. It was an unexciting stock, big cap (buy as much as you want) and index component... At that time TM was given the commission to come out with the Hhigh Speed Broadband in the Budget 2009. This week saw the launch of TM's Unifi HSBB offering.

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Bursa stocks in play.... selectively.

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Update on the NDX breakout.... HSI index has completed its inverted H&S pattern I guess...

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Friday, March 26, 2010


20100326 1715 FKLi futures closes at the day high again.

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20100326 1227 Fcpo futures 1 min chart for the morning session...

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Thursday, March 25, 2010

20100325 1756 Fcpo 1 min chart for the afternoon...

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20100325 1715 You might be able to make out that FKLI futures close at 1317.50 the day high, a result of the usual hanky panky at the end of the day.

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20100325 1220 5 min FKLI futures chart update. HSI futures gap down and stop running selling, drags down regional indices..

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20100325 0928 FKLI futures 5 min chart, stay on the right side of the trendline break....

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Wednesday, March 24, 2010

20100324 1755 Into the closing auction, the state of play on fcpo futures...

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20100324 1626 1 min Fcpo futures chart, watch the trendline...

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Tuesday, March 23, 2010



20100323 Malayan Banking Bhd, breakout from the bull flag on the daily... Oh and how about the chart for Measat for the past few days.

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20100323 1715 FKLI futures 5 min chart, ends the day at the high.

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Najib Leaves For Hong Kong To Attend Asian Investment Conference

In his speech, I wonder what 'liberalisation' measures will be announced? The internalization of the ringgit maybe? Now THAT would make foreign investors sit up and notice Malaysia. Fingers cressed....

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20100323 0945 FKLI futures 5 min chart.... One of the foreign brokers upgraded Malaysia today:

"MALAYSIA'S stock market was upgraded at BNP Paribas SA, which said banks, plantation and construction companies will outperform in the next nine months.

The market was raised to "overweight" from "underweight," BNP said in a report today.

"Heightened regional volatility has prompted portfolio money to flow into defensive sectors and markets such as Malaysia," BNP said"

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Monday, March 22, 2010

20100322 1705 Coming up to closing auction for FKLI futures, momentum shifts to downisde a couple of bars ago...

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20100322 1224 FKLI and FCPO futures 1 min chart... uptrend for the morning session.

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20100322 1057 5 min FKLI fuutres chart...

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Sunday, March 21, 2010

ATIC Stockpicking for 2010 by Pong Teng Siew (Jupiter Securities0

Well, the most informative talk at ATIC was Mr Pong Teng Siew's on 'Stockpicking in 2010'.

The gist of the talk:
1 The stockmarket, according to the economic metrics that Jupiter follows are still pointing to the bull market being intact. Measures like M1/nominal GDP, M1 growth, still point to juice still left in the bull.
2 Historically, 4 periods in the past where the US economy went into recession, the subsequent recovery in the US economy has seen a 3 to 4 year secular bull market emerge. We are about 1 year into this phase for the stock market.
3 The market will be in a range, index wise but there will be thematic sector plays, basically rotation.
4 Sectors to outperform: healthcare (Faber, KPJ, rubber glove manufacturers (Supermax, lateexx), consumer related (HAIO, Tan Chong, Zhulian, Daibochi, Cocoland, Yee Lee), technology (Unisem, GUH, Notion V Tech, but watch the book/bill ratio, sell when it exceeds 1.2 for semiconductor stocks), geographic ie Sarawak (CMSB, HSL, Naim)
5 Secotrs to underperform, GLCs (POS, MRCB, UEMLand, Airport), plantations (Sime Darby, KLK, IOIcorp but Genting Plantions are worth considering), Steel (Masteel, Choo Bee, Kinsteel, Line Industries) Property and construction.(exception is Paramount Corp)

Oh and there was the inevitable hard sell on trading online with Jupiter Securities. Commission minimum RM10, 0.1% for RM10K to RM50K value traded and 0.05% for RM50,000 above. If sign up at ATIC, then 1 month commission free trade.

Omar Marican at the keynote address highlighted the CME strategic relationship with Bursamalaysia Derivatives... but the mention is only on USD CPO futures contract, how about the FKLI futures, will it be available on the whole globex network, and cross trading: emini S&P500, mini Dow, Soybeans, Live cattle or FX futures etc all of which are A1++ contracts traded on CME. Will Malaysian brokers have access to trade these products? On USD CPO this is a commodity traded in FX currency (USD), will BNM clamp down on it, just as they are doing this clamping down on fx trading? These are questions that many asked, no answers yet, but watch this space.

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Friday, March 19, 2010

Last minute I decided I will be visiting the ATIC 2010 this weekend. Hopefully it is informative.

Go here to get free access to this event hosted by Nextview.

Venue: KL Convention Centre
Date: Mar 20-21

ATIC Highlights:

* ASEAN Exchanges Cross-Border Investment

* Panel Discussions on Global Economies and Markets

* Over 50 Investment Educational Talks

* Over 50 Exhibitors

* Master Trading Workshop Series for Beginner, Intermediate and Advanced Level

* Investment Clinic

* Investor Relations Showcase

* Property Investment Showcase

* Public Listed Companies Corporate Briefings

* Unit Trust Products

* Financial Planning Talks

20100319 1610 FKLI futures ww pattern is almost complete....

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20100319 1514 Another stop is triggered on fcpo futures. FKLI futures has made its technical rebound.

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20100319 1150 If you believe the ww pattern, then price might go back up!

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20100319 1101 FKLI futures 30 min chart.... WW support failed. But if you zoom out and look at the chart from a larger perspective, which side is stronger, the bulls or bears?

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20100319 0937 Coming up to hsi futures open, looking like a ww on the 1 mi FKLI futures.

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Thursday, March 18, 2010

20100318 1758 Classic sell down on 1 min Fcpo futures...

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20100318 1715 FKLI futures breaks the triangle and closes near the low.

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20100318 1224 The ellipse area shows a 'stop run', the syndicates seem to know the orders location... But some nice movement nonetheless.



Go here to get free access to this event hosted by Nextview.

Venue: KL Convention Centre
Date: Mar 20-21

ATIC Highlights:

* ASEAN Exchanges Cross-Border Investment

* Panel Discussions on Global Economies and Markets

* Over 50 Investment Educational Talks

* Over 50 Exhibitors

* Master Trading Workshop Series for Beginner, Intermediate and Advanced Level

* Investment Clinic

* Investor Relations Showcase

* Property Investment Showcase

* Public Listed Companies Corporate Briefings

* Unit Trust Products

* Financial Planning Talks

20100318 0958 FKLI futures 30 min chart, trapped in consolidation until the breakout...

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NQ futures breakout has followed through to this level, a move of >50 index points. HSI futures daily has likewise followed through on the inverted H&S breakout. You only need a couple of these types of trades a month....

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Wednesday, March 17, 2010



20100317 1715 FKLI futures 30 min chart... Compare and contrast to the HSI and MSCI Singapore indices.... Draw what ever conclusion you want, but I been told that the FBM KLCI (and FKLI futures) are 'pariah'.

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"There is the plain fool who does the wrong thing at all times anywhere, but there is the Wall Street fool who thinks he must trade all the time."J Livermore Manchester City FCl Crude Palm Oil

fcpo.blogspot.com

THE END OF AN ERA

From Dragons and Bulls by Stanley Kroll
Intro and Foreword
The Importance of an Investment Strategy
5 The Art of War, by Sun Tau (circa 506 BC) and The Art of Trading Success (circa AD 1994)
That's the way you want to bet/a>
Long-term v Short term trading
Technicals v Fundamentals
Perception v Reality
Part 1: Winners and Losers
Part 2: Winners and Losers
Sun Tzu: The Art of War
Those who tell don't know, those who know don't tell
Why there is no such thing as a "bad market"
The Secret to Trading Success
The Experts, do they know better?
Risk control and money management
Good advice
The 'good bets' business by Larry Hite
Don't lose your shirt
Ed Sykota's secret trend trading system