20110531 So much for the Sell in May and go away, FKLI futures punches through resistance and settles at 1562.5-1563 area.

Germany is now going nuclear free by 2022, and to increase share of renewable energy to 50% of it's energy need. How? Malaysia going to destroy its environment with its high and mighty nuclear plant.

Swansea 4-2 Reading

What a match, 3-0 half time lead by Swansea. Then a fightback by reading in the 2nd half getting the score to 3-2, they then hit the post and had a shot blocked in the six yard box which could have levelled the score. Unfortunately a rash challenge led to the penalty that took Swansea into the EPL, joining Norwich and QPR next season.

20110531 FKLI 30 min, bounces off the support level.... very near the resistance level now.

20110531 Tenaga Nasional gaps up on opening...

Now we kow why the market pundits, experts and insider traders were so earish o the Msian market. They know way in advance of the 7% hike in electricity tariff by Tenaga Nasional..... Definition of Insider Trading.

20110530 1752 FCPO wwave is almost at the 3410 target....

20110530 The upside breakout failed, now resistance established. FKLI trades and bounces off support....

20110530 FCPO futures 30 min Targeting 3410?

UPDATE It's 3:57 pm, nothing is happening to the market, hoiday mood, as London Nd NY are on holidays today.

20110530 FKLI futures 30 min, on upside breakout... bear in mind today is a London holiday and US Memorial Day holiday.

Winning streak

Novak Djokovic's winning streak on the ATP Tour eoncinues to 41 consecutive, as he won v France's Gesquet at the French Open last night. As in trading all streaks come to an end sometime, question is when?

2011 League Championship playoff Final

Swansea City will face off against Radding in what is described as the richest game in football. Adam Federici's Reading will be playing to gain promotion via the 3rd place in the EPL next season, worth 50 million pounds. Football fans, it is not about just Man U, Man U, etc.....

20110530 FKLI futures 30 min, forming a trading range?

From Malasian Finance blog, some stocks to watch posted on Thursday 26 May 2011.

UEM Land, MAA, K Fima, Century Software

But there was a problem with market breadth on Friday trading, many counters went negative due to the KM fiasco.... Can the market go up?

Barcelona FC 3-1 Manchester Uited

A dominant display by rampant Barcelona team sees them lift the Champions League trophy, their 3rd title in 5 years. Too good, too skillful one touch football.... Messi, Villa and Pedro the scorers, while Rooey's goal was a token consolation

Champions League Final

This weekend Man U v Barcelona at Wembley, the stars will be out in force. Go Man U.

20110527 IOICORP dialy. Will the H&S buy lead to a breakout? Stops below 5.20...

20110527 FKLI futures 30 min, seems to be on runaway mode....

20110526 FKLI futures 30 min closes above resistance levels, off to the races?

20110526 FCPO 5 min, just had to post this pattern..

20110526 30 min crude oi futures. Notice how it rises after the govt decided not to raise R95 petrol price.

20110526 FKLI futures 30 min hits the downward sloing downtrendline and backs off....

20110525 FKLI futures has been on uptrend for a while now, FCPO uptrend in past hour or so, at least in timeframe.

Leave emotion out of trading

Had a chatbox chat with somebody going by the name PJ Trader, who sort of boasted this morning he traded 18 times, 100% winners. I assume it was in cpo futures. Looks like serotonin hormone built up and euphoria starting to set in. Euphoria is the trader's greatest enemy. What happens is that usually there is brashness and overconfidence starts impacting on discipline and the profit from the trades usually will disappear in the next trade, if not the next 2 to 3 trades. Well, he did say "Siok la, make 100% winners" So it is important to maintain discipline at all times in day trading. Oh, and "don't count your profits before the day ends." (see The Losers Guide)

20110525 1528 breaks led to some stops being triggered on FKLI futures... Meanwhile FCPO is trapped around 3380, longs and shorts fighting it out, making their broker rich, stupid!

20110525 FKLI futures 30 min resistance level 1528...

News, Fundamentals, opinions basically bullshit

3 weeks ago, the Goldman sachs recommended to sell commodities, now the Goldman Sachs recommends to buy. As Tom Cruise in Top Gun says: "It's bullshit", which is exactly what fundamental data, expert opinions are when it comes to trading. Price action is key. Oh and btw, there are many experts been bearish for many weeks on the klci, yet it still is within the trading range....

20110524 Tenaga Nasional, bucking the trend? The insiders as usual, have the inside track on impending electricty tariff hikes...

20110524 FCPO futures, only reached 2388, partway to the target of 2395.

20110523 FKLI futures closes near lows....

20110523 FCPO 5 min, for those long from the 50s, targeting 2395.

20110523 FKLI futures below the 1532.50....

Emmo's Blackburn Rovers emphatically beat Wolves 3-2 to stay in the EPL. When the dust settled, the teams relegated teams are West Ham, Birmingham and Blackpool.

Relegation Sunday, as Brett Emerton's Blackburn Rovers, Birmingham City, Woverhampton Wanders and Wigan Athletic crap it out to see who will join West Ham United in the Championship next season.

20110520 FKLI futures 30 min, still trapped in the 1532 and 1543.5 area. FCPO futures 30 min, broken out of the congestion and on uptrend...

20110520 FCPO futures 30 min, the trend is coming along.... Markets change, but human nature always remains. There will always be those who want to sell into the uptrend.

Linkedin listing

Linkedin listed yesterday with 109% gain on the US market. Now we know why the Nasdaq was supported...

20110520 FKLI futures 30 min, resistance at 1544, regionals not showing strength, it's Friday, so will it break upwards?

20110519 Just to complete the picture on the NQ.