Careful of Furious Bears! – FKLI 100705

For this week, without hesitation, we will remain our bearish bias towards the market and ready to allow risk averse client to initiate short position if the 1300 level is not able to be maintained for mid to long term trading. Overall market is weak with a lot of technical indicators pointing towards downward pressure.

The important support level of the Bollinger middle band, the MA 100 and the uptrend line seems to be convincingly being taken out. At this level, we are more keen to see whether the 1300 psychological level will be taken out to allow the furious bears to take charge. Failure for this level to being held will trigger a massive selling and major correction is expected to set in.

However, towards the end of the World Cup, market is expected to trade in range between 1295 – 1315 levels for this week. Risk taker investors can continue to initiate short position on strength, however, risk averse investors should only initiate short position if the 1300 level for both the cash and the futures is being taken out convincingly.

[Reminder: US market will be closed tonight in accordance with the celebration of Independence Day.]

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The information herein was obtained or derived from the source that we believed are reliable.No liability can be accepted for any loss that may arise from the use of this report.All opinions and estimates included in this report constitutes our judgement as of this date and are subject to change without notice.

Bears Dominated! – FKLI 100702

As per mentioned, breaking the 1320 level will send the FKLI to trade near to the 1300 level and now whether this 1300 level will able to hold or will be taken out as well is our next question to think of.
Failure for the 1300 level to hold will definitely allow the bears to win the battle and further weakness is expected. For cash, the cash need to hold above the current level of 1308 – MA100 or at least hold above the 1300 psychological level, failure for the above two levels to sustain will definitely send the index to trade even lower.

At this moment, we will firmly remain our bearish bias towards the market and those who have shorted the market should hold on to your position. The next level for short that we are looking at is – if the 1300 level is being taken out convincingly.
Support for the day is seen at 1300 – 1295 levels and the resistance is seen at 1310 level.

US MARKET

Further dropping… The US market resumed its downside trading and closed 41 points lower as US manufacturing and home sales indicated slower growth. The US market definitely will be in the weak market momentum so long the index remains below the MA 200 level.
[Reminder: US will release Unemployment Rate (Survey 9.8% Vs Prior 9.7%) and change in nonfarm payroll (Survey –130K Vs Prior 431K  later tonight.]

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The information herein was obtained or derived from the source that we believed are reliable.No liability can be accepted for any loss that may arise from the use of this report.All opinions and estimates included in this report constitutes our judgement as of this date and are subject to change without notice.

FKLI New Quarter 1st July

The CI ended down 0.4%, finishing the second quarter of the year 0.5% lower. Meanwhile on the FKLI new month July settle at 1303, 6 points discount against cash. Total volume transacted at 12669 from 16574 the previous day as most of the month end roll complete. Major Southeast Asian stock markets were mixed yesterday, a lackluster second quarter for most, amid concerns over funding conditions for European banks and the pace of the global recovery.
Regional market- Hong kong and Thailand market closed today.

There has been no panic selling in the market yesterday despite the sharp drop in Dow. Meanwhile, we have a bearish view on the fkli as its trading below the major SMA We still wait and see if the FKLI and maintain at the physiological support at 1300. To the upside, the 1325 pt-level is still the immediate resistance while next resistance is seen at the 1350 pt-level. The 1298-1303 pt-level is still the immediate support for the market

US MARKET
U.S. stocks staggered to the end of a dismal second quarter last night in another low volume session as investors found little reason to take on risk after conflicting economic data.   The Dow dropped 96.28 points (-0.98%) The S & P 500 Index slid 10.53 points (-1.01%), to 1,030.71. Nasdaq fell 25.94 points (-1.21%) to 2,109.24. For the second quarter, the Dow fell 10%, the S&P 500 lost 12% and the Nasdaq dropped 12% as worry about Europe's sovereign debt and the sustainability of the U.S. economic recovery caused investors to pull back from the most recent closing highs hit in late April

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The information herein was obtained or derived from the source that we believed are reliable.No liability can be accepted for any loss that may arise from the use of this report.All opinions and estimates included in this report constitutes our judgement as of this date and are subject to change without notice.

Bears Attacking! – FKLI 100630

Broke through the 1320 level will send the index to trade all the way down to 1305 – 1300 levels as per mentioned previously. With the overnight tumbled in the Dow, will the cash resume its drop today? In our view, as long as the 1320 level not manage to be regained immediately, the chances for the cash to face with free fall till the 1300 level is very high as the 1320 level is the important psychological support level. With the current level, the index is facing with high downside risk as the Bollinger middle band and the MA 50 & MA 100 levels maybe successfully taken out by the bears.

Next, will this round of drop be a major correction or minor correction? We are in the view that if the 1300 level being taken out convincingly, then the correction will be major as the index will have higher chances to drop below the 1250 level.
Risk taker investors can accumulate short position on strength for mid to long term trading. The support for the day is seen at 1310 – 1305 levels and the resistance is seen at 1325 level.

US MARKET

268 points of sharp dropped suffered by the Dow after the consumer confidence slump and the concern over the growth in China. With the nearly 300 points dropped, the bears are successfully taken over bulls' position and further slide in the index is expected. Technical outlook remained negative with the index trading way below the MA 200 level. The support is seen at 9800 level and the resistance is seen at 10000 level.
[Reminder: US will release Employment Change (Survey 60K Vs Prior 55K) later tonight.]

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The information herein was obtained or derived from the source that we believed are reliable.No liability can be accepted for any loss that may arise from the use of this report.All opinions and estimates included in this report constitutes our judgement as of this date and are subject to change without notice.

Resilient… – FKLI 100629

Overall market remained resilient with downside will be well supported towards the end of second quarter, however, market will continue its thin volume trading. For today, 7 points of premium towards the cash will keep the FKLI to havor around this level with immediate resistance is seen at 1335 – 1338 levels and the support is seen at 1328 – 1325 levels.

Overall technical landscape still in positive territory, albeit at the same time also facing with higher downside risk. Thus, investors can remain holding the long position but take opportunity for these two days to take profit and ready to sell into strength after the end of the month.

US MARKET
Another marginal weak market with the index closed lower of 5 points as crude oil prices and metal prices traded lower. Form technical perspective, the general outlook never change – bearish, with the index trading below the MA 200 and the Bollinger middle band. The immediate resistance is seen at 10195 level and the support is seen at 10080 level.
[Reminder: US will release Consumer Confidence (Survey 62.5 Vs Prior 63.3) later tonight.]

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The information herein was obtained or derived from the source that we believed are reliable.No liability can be accepted for any loss that may arise from the use of this report.All opinions and estimates included in this report constitutes our judgement as of this date and are subject to change without notice.

Firmer Week! – FKLI 100628

For this week, as long as the cash can break through the uptrend line, the downward pressure is expected to set in. The immediate important support level shall be seen at 1320 level, failure for this level to be held coupled with the uptrend line being taken out convincingly, the correction will confirm its appearance. In contrast, as long as the 1320 level manages to sustain, the index has higher chances to reach the 1350 level for the last round, at least until the end of this month.

Not much to expect for this week as well with the market expected to trade slightly higher with thin volume. Although the overall technical landscape looks weak and face with higher downside risk, we are in the view that the window dressing will set in for these few days and the index will only start to experience major correction end of the week or beginning of next week. The support for the week is seen at 1320 – 1310 levels and the resistance is seen at 1338 – 1345 levels.

For today, sideway trading with slight upside bias is expected with the immediate support is seen at the 1320 level. Intraday investors can still accumulate a small long position if the FKLI trades near to the 1320 level with stop loss between 5 – 7 points from the 1320 level. We remain our view that the current trading level will not be a level to initiate short position yet.


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The information herein was obtained or derived from the source that we believed are reliable.No liability can be accepted for any loss that may arise from the use of this report.All opinions and estimates included in this report constitutes our judgement as of this date and are subject to change without notice.

Fight between Bulls and Bears! – FKLI 100624

5 points higher after the pre-matching phase for the cash, pushing the FBMKLCI to close in positive territory on late bargain hunting and exclude our market from following the black closing in other regional and Europe markets. As per mentioned, at current level, the uptrend will remain intact albeit at a slower pace with the immediate tough resistance at the previous high of 1352 (futures) and 1350 (cash).

At this level, we will still remain our neutral view towards the market and will closely monitor the uptrend channel that build recently after the major correction. We will only revise our neutral call to bullish call for the cash if the previous high of 1350 is being taken out convincingly or from neutral to bearish call if the 1303 – 1300 levels being taken out convincingly.

The cash and futures may havor around the 1320 – 1345 levels for the coming week until the end of the second quarter. We are expecting some window dressing as well towards the end of second quarter. Thus, this is not a level that we will encourage investor to start accumulate selling position. Those who prefer holding long position can do so if the market trading near to the 1320 level but remembers to keep stop loss near to the 1315 level. Support for the day is seen at 1325 levels and the resistance is seen at 1335 – 1340 levels.

US MARKET

Overnight US market closed unchanged with the index being added 4 points only as the purchases of US new home sales fell. The index remains below the MA 200 level (10350) and this level need to be taken out as soon as possible to allow the uptrend in the US market to resume. As long as the index stuck below the MA 200 level, we will remain our bearish bias towards the market. The market is expected slow for tonight ahead of the GDP due to be announced tomorrow night. The support is seen at 10200 level and the resistance level will be at the MA 200 level.
[Reminder: US will release its Initial Jobless Claim (Survey 463K Vs Prior472K) later tonight.]

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The information herein was obtained or derived from the source that we believed are reliable.No liability can be accepted for any loss that may arise from the use of this report.All opinions and estimates included in this report constitutes our judgement as of this date and are subject to change without notice.

Temporary or Long Term Downside Trading? – FKLI 100623

7 points of premium towards the cash will send the FKLI to trade even lower for today after overnight triple digit losses suffered by the DJIA. Overnight tumbled in DJIA sending a weak signal ahead if the index still not manages to rebound above the MA 200 level for the coming few days.

Although at this moment, we will not change our neutral call to bearish call yet in view that our own technical still in place, however, we are still in the opinion that the FKLI will need to cover the gap of 1330 – 1320 before any further uptrend can be set in.

For mid to long term, we remain our bearish bias towards the market and for near term market, we will remain our neutral point of view until the uptrend channel being taken out. The support is seen at 1320 – 1315 levels and the resistance is seen at 1335 – 1340 levels.

US MARKET

Overnight US market skidded nearly 150 points after the home sales data unexpectedly dropped and closed at 10293 level. From technical point of view, the dropped is sending the DJIA to trade below the important support level of MA 200 level. Failure for the DJIA to regain above this level for the coming few days will indicate the bears will re-control the situation.
The next important support level will be the Bollinger middle band 10175 level and the resistance now will be at the MA 200 level.
[Reminder: US will release its New Home Sales (Survey 410K Vs Prior 504K) later tonight.]


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The information herein was obtained or derived from the source that we believed are reliable.No liability can be accepted for any loss that may arise from the use of this report.All opinions and estimates included in this report constitutes our judgement as of this date and are subject to change without notice.

Expected Pull Back… – FKLI 100622

We are expecting a pull back for our market as yesterday surged will be taken as overdone and overnight slight declined in the DJIA will also send the FKLI to trade lower for today. Besides, the 6 points premium gained yesterday by the FKLI may need to give back for today.

Yesterday gap opening will indicate the FKLI needs to tumble to close the gap before any further uptrend is expected. At current level, we are in the opinion that the market is not a clear market for investors to initiate a short position although we perceive the 1350 level is a strong resistance level for the cash market.

We will maintain our neutral view towards the near term market and maintain our bearish bias towards the mid to long term market. The support is seen at 1330 – 1325 levels and the resistance is seen at 1350 level.

US MARKET

The immediate tough resistance is seen at 10780 level, the highest level set on 14th May before the sharp dropped set in. Breaking through this level will only send a clear signal on the uptrend, failure for this level to be taken out will indicate the near term market may fall into further consolidation phase. The support is seen at 10340 level – MA 200, which is also a very important support level.
[Reminder: US will release its Existing Home Sales (Survey 6.12M Vs Prior 5.77M) later tonight.]


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The information herein was obtained or derived from the source that we believed are reliable.No liability can be accepted for any loss that may arise from the use of this report.All opinions and estimates included in this report constitutes our judgement as of this date and are subject to change without notice.

Do Bears Need to Give Way? – FKLI 100519

Just a quick recap of what had happened last week, especially last Friday. The band for the cash that we had been tracking thus far (1303 – 1308) has been successfully being taken out on the eleventh-hour and the cash closed even 5 points higher after the pre-matching phase. This broke through will indicate the short-term bullishness of the market as per mentioned previously.

The next question that most of us will ask is "Whether this upside trading will continue for the time being?" In our opinion, the chances are higher although the cash has been unsuccessfully taken out the 1350 level after three attempts. However, with the help of the world market, at the moment, the FBMKLCI is expected to resume its slight uptrend with the immediate resistance only seen at 1330 level albeit at a slower pace after recent two consecutive weeks of upside trading.

For short term, we will temporary change our bearish call to neutral until the end of the month but we will maintain our bearish call towards the mid to long-term call on the market. We perceive this round of rebound as technical rebound and the chances for it to break through the 1350 level are slim. Investors can take a quick and temporary long position and look to take profit above the 1330 level. This will not be a good level to initiate short position in view of the current unstoppable uptrend.
For today, the support is seen at 1315 – 1310 levels and the resistance is seen at 1325 – 1328 levels.


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The information herein was obtained or derived from the source that we believed are reliable.No liability can be accepted for any loss that may arise from the use of this report.All opinions and estimates included in this report constitutes our judgement as of this date and are subject to change without notice.

Take a Rest! – FKLI 100618

Yesterday, last hour short covering pushed the futures to close 9 points premium to cash will more or less put some pressure to the FKLI for today. Our market is still not a clear uptrend with the cash remains confine in the band of 1303 – 1308 levels. Successfully breaking the 1308 level will indicate the cash will at least reach 1320 level. Failure for this level to be taken out convincingly will trigger selling pressure in the market.

In our opinion, the FKLI will gradually move towards the 1320 level till the end of the month before any major correction will set in. Historically, stepping into the third quarter will be a slow quarter and investors will take this opportunity to liquidate their position after the end of this month.
For today, not much to expect as well as it will still be a lackluster trading day with the support is seen at 1305 level and the resistance is seen at 1315 – 1318 levels.

US MARKET
Overnight US market closed marginally higher of 24 points mainly contributed by rally in technology shares. Overall technical landscape remains unchanged with the immediate support is seen at the MA 200 level – 10330 and the resistance is seen at MA 100 level – 10540.


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The information herein was obtained or derived from the source that we believed are reliable.No liability can be accepted for any loss that may arise from the use of this report.All opinions and estimates included in this report constitutes our judgement as of this date and are subject to change without notice.

Quite Session Expected! – FKLI 100617

Yesterday, the cash retreated almost 10 points from its day high, closed at the day low and just closed within the band that we are looking at thus far. Like what we mentioned yesterday, the chances for the cash to break through the tough band is high but not necessary. The inability to sustain above the band that we are looking at, indicating the uptrend building is not confirmed.

For today, since overnight DJIA unchanged, we are expecting our FKLI market will be havoring within a very tight trading band with slight downside bias. For today, the support is seen at 1305 – 1300 levels and the resistance is seen at 1312 – 1315 levels.

US MARKET
Overnight US market closed marginally higher of 4 points as greenback strengthen against the euro and the housing starts data showed declined result. The DJIA currently is only marginally above the important support level of MA 200 – 10325. The DJIA will need to hold on to this support level to allow the index to resume its uptrend. Failure for the DJIA to hold above this level will send the US market to resume its downside trading.
[Reminder: US will release its CPI (Survey –0.2% Vs Prior -0.1%), Initial Jobless Claim (Survey 450K Vs Prior 456K) and Leading Indicator (Survey 0.4% Vs Prior 0.1%) later tonight.]

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The information herein was obtained or derived from the source that we believed are reliable.No liability can be accepted for any loss that may arise from the use of this report.All opinions and estimates included in this report constitutes our judgement as of this date and are subject to change without notice.

Cash to Break 1307 level? – FKLI 100616

Sudden slump down in the morning session triggered by stop till the low of 1269.5 point was proving that the illiquidity suffered in the market with the world cup taking the stage and in accordance with school holiday in Malaysia. A lot of the investors will start to ask whether our FKLI will retreat to that level again in the near future as this is normally happened previously. In our opinion, we will stick to our view -- if the FBMKLCI (cash) successfully taken out the 1303 – 1308 levels, short term traders should shift their trading strategy to temporary long.

Whether today the cash will successfully break through the above levels after overnight US market surged more than 200 points and even regained its posture above the MA 200 level? No one will know, we can just say, "chances are higher but not necessary". Risk averse investors should ready to cut if the above levels are being taken out convincingly.

For today, the support is seen at 1290 level and the resistance is seen at 1305 – 1310 levels.

US MARKET
Overnight DJIA just successfully broke through the MA 200, recovering from its correction phase. As long as the DJIA manages to sustain above this level tonight, the upwards trading is expected for the near term.
Yesterday, US market surged more than 200 points, +2.1% after the manufacturing gave the signal of the world economy recovering is expected to resume. The support is seen at 10320 level and the resistance is seen at 10500 level.
[Reminder:
1)      China, Hong Kong and Taiwan market will be closed for today in accordance with Dragon Boat and Tuen Ng Day celebration.
2)      US will release its PPI (Survey –0.5% Vs Prior -0.1%) and Housing Starts (Survey 648K Vs Prior 672K) later tonight.]

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The information herein was obtained or derived from the source that we believed are reliable.No liability can be accepted for any loss that may arise from the use of this report.All opinions and estimates included in this report constitutes our judgement as of this date and are subject to change without notice.

World Cup Fever! – FKLI 100615

Nothing much to mention with the current quite and calm markets that we are experiencing now, world cup fever superseded the financial market fever! Market without volatility is hard to trade, investors can only profit from the range trading.
For mid to long term trading, we will maintain our bearish call for futures so long as the 1303 of the cash market is not being taken out. The support for the day is seen at 1295 level and the resistance is seen at 1308 – 1310 levels.

US MARKET

Overnight US market gave back all the profit gained in the early session and closed in the negative territory after Greece being downgraded by Moody to non-investment grade (junk bond) and the inability to breakthrough the MA 200 important overhead resistance level.
Overall technical remain weak so long the MA 200 level is not being taken out convincingly. The support is seen at 10100 level and the resistance is seen at 10315 level.

[Reminder:
1) China market will close today in accordance with the celebration of Dragon Boat Day. 2) US will release its NAHB Housing Market Index (Survey 21 Vs Prior 22) later tonight.]

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The information herein was obtained or derived from the source that we believed are reliable.No liability can be accepted for any loss that may arise from the use of this report.All opinions and estimates included in this report constitutes our judgement as of this date and are subject to change without notice.

Lackluster Week Ahead… – FKLI 100614

For this week, we are expecting the market to trade sideway in accordance with school holiday and the start of world cup. No major upside or downside movement is expected, at least for this week.

Technically, both the indices (futures and cash) will need to convincingly break through the 1303 level (MA 100) to return to positive trading, failure for this level to be taken out convincingly, the indices will be defended strongly by the bears.

We will temporary maintain our bearish bias towards the market and remain that investors who have shorted the futures should exercise stop loss if the cash manages to break through the 1303 level convincingly. Although this round of uptrend (if the 1303 is being taken out convincingly) will be mild, targeted the most will be reaching the 1320 level only, those who are risk averse should not take this kind of risk and should only re-initiate short position if the 1320 level achieved.

On the other hand, for US market, the DJIA needs to regain its posture above the MA 200 level to resume its uptrend, failure for this level to be taken out, the US market will remain in negative territory. In our opinion, the US market will have some mild technical rebound for this week with immediate resistance is seen at the MA 200 level – 10315.

[Reminder: Australia and China's market is closed for today in accordance with the celebration of Queen's Birthday and Dragon Boat Day.]


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The information herein was obtained or derived from the source that we believed are reliable.No liability can be accepted for any loss that may arise from the use of this report.All opinions and estimates included in this report constitutes our judgement as of this date and are subject to change without notice.

Is Bull Back? – FKLI 100611

To answer the above question, is still early at this stage, but to us, at least not at the moment and the uptrend will be capped for now. Reasons as below:-
1)      Overall technical indicators remain weak at the moment with the US index still trading below the Bollinger middle band and the MA 200 level.
2)      The second quarter is about the end and historically third quarter is a slow and slightly weak market.
3)      World still clouded with negative fundamentals, especially the news on SEC is probing a second Goldman Sachs CDO in addition to the Abacus transaction.
4)      The start of World Cup.

We are expecting the FKLI to open higher and today's surge will also give the chance for the cash to close the gap set on 21st May 2010 (Please refer to yesterday report for more detail).

If the market is convincingly breaking through the 1303 level and able to sustain above this level, then for these 1 – 2 weeks, the bears may need to temporary give way for the bulls, failure for this level to be taken out will result in bears relaxing in handling this battle.
So what shall the investors do? For those who have initiated short position, you can still hold on to your short position and look at how the market perform for today first, but if your risk tolerance level is lower, do initiate stop loss above the 1303 level.
For today, the support is seen at 1285 level and the resistance is seen at 1303 – 1305 levels.

US MARKET
Overnight US market regained its posture above the 10,000 level with gains of 273 points, +2.76% on better commodities prices, gained in euro and economic data showed the accelerating growth. The index currently remain below the Bollinger middle band and the MA 200, failure for these two levels being taken out convincingly will result in the DJIA remains in negative territory.
[Reminder: US will release its Retail Sales (Survey 0.2% Vs Prior 0.4%) later tonight.]

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The information herein was obtained or derived from the source that we believed are reliable.No liability can be accepted for any loss that may arise from the use of this report.All opinions and estimates included in this report constitutes our judgement as of this date and are subject to change without notice.

Ahead of 10th Malaysia Plan – FKLI 100610

Morning session will be a slow session ahead of our PM's release of 10th Malaysia Plan and the market may experience some minor sell off near the end of the first session. The overall technical landscape does not change at the moment and still bias towards downside with thin volume expected throughout these two weeks.

In our view, the cash may slowly climb higher and close the gap set on 21st of May before it resumes its downside trading (please refer to the graph). No matter what, the cash overall technical landscape is similar to futures and downside trading is expected as well.
We will remain our bearish bias towards the market and hold to our call of Selling into Strength. Any level near to the 1300 level should remain as a good selling level. The support for the day is seen at 1280 – 1275 levels and the resistance is seen at 1293 – 1295 levels.

US MARKET
Overnight US market dropped more than 40 points as concern on BP's dividend cut to pay for the oil spill at the Gulf of Mexico. The overall technical indicators remain weak with the index trading below the important MA 200 level. We are in the view that the index has been stuck in this low level for quite some time, reducing the hope for the index to rebound above the MA 200 level in the near term.
[Reminder: US will release its Initial Jobless Claim (Survey 450K Vs Prior 453K) later tonight.]


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The information herein was obtained or derived from the source that we believed are reliable.No liability can be accepted for any loss that may arise from the use of this report.All opinions and estimates included in this report constitutes our judgement as of this date and are subject to change without notice.

Chances to Short… – FKLI 100609

Today, the FKLI will move very near to the 1300 level in tandem with overnight surged in DJIA and the expected announcement of the 10th Malaysia Plan tomorrow, this will give a good opportunity for investor to initiate short position in tandem with our short call initiated for the week. Monday itself did not give much an opportunity to investors to initiate their short position as the gap opening was discounted too large a level from what we are looking at – short near to the 1300 level.

We are firmly remained our downside bias call towards the market with the immediate support seen at MA 200 level – 1271. FKLI currently still maintain below the Bollinger middle band (please refer to the graph attached), indicating the bearishness of the market not yet come to an end.
For today, the support is seen at 1280 – 1276 levels and the resistance is seen at 1288, followed by 1293 level.

US MARKET

Overnight US stock market traded higher in accordance with the stronger commodities prices. Technically, the overall landscape did not change much as the index still trading way below the MA 200 level. We remain our bearish bias towards the market and reminded the investors that the World Cup will start this Friday, which is only another 2 days to go.
[Reminder: US will release its CPI (Survey 0.1% Vs Prior 0.1%) later tonight.]

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The information herein was obtained or derived from the source that we believed are reliable.No liability can be accepted for any loss that may arise from the use of this report.All opinions and estimates included in this report constitutes our judgement as of this date and are subject to change without notice.

Bears Seem Very Relax! – FKLI 100608

FKLI Market Outlook:

A lot of investors started to believe that our market seem to re-enjoy the decoupling that we used to enjoy about a month ago as yesterday market rebounded from its day low of 1272, same went to cash as the FBMKLCI closed 8 points higher from its day low.

However, in our view, our market will only have mild support and will not have what we have before – decoupling from the world financial market. The mild support comes from the expectation of the announcement on the 10th Malaysia Plan two days after. To us, this is a very small piece of fundamental news and will not have much impact towards our market in this current strong world influences environment. We will strongly advise investors not to hold long position overnight, provided it reaches certain important and strong support.

We are firmly bias towards the downside in accordance with the technical and fundamental reasons stated in our weekly report yesterday. Overnight further dropped in the DJIA was pushing the index further below the MA 200 level, indicating the CONFIRMED bears market ahead.

We are not expecting the world bourses to recover within this week ahead of the start of the World Cup. Market will remain towards downside with thin trading volume. For today, the support is seen at 1270 – 1265 levels. Slightly stronger support only is seen at 1252 level. Investors need to be more cautious (especially those holding the long position) if the FKLI is not able to support above the MA 200 level – 1271. This round of break below this level will confirm the MA 200 being convincingly breakthrough and further major correction is expected.

US MARKET
Overnight US market closed another triple digit losses, resumed its downside momentum. From technical points of view, yesterday dropped is sending the DJIA further below the MA 200, more unlikely to regain its posture above the MA 200, strongly indicating the confirm bearish market for mid to long term. (Please refer to the page 2 on the attached report for the chart).


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The information herein was obtained or derived from the source that we believed are reliable.No liability can be accepted for any loss that may arise from the use of this report.All opinions and estimates included in this report constitutes our judgement as of this date and are subject to change without notice.

FKLI Bull is back? Or Bear Trap?

FKLI June futures contracts closed strong at closed yesterday in line with the higher cash and regional market. Spot month June gain 20.5 while July +19.5 points. Premium widen to 6 pts from 3 pts previous day. 

On the cash market, KLCI jumped 18.42, 1.44% across-the-board gains. The uptrend was largely due to the overnight gain in the US market, which received a boost from better housing and car sales. In addition, the strong regional market (STI +2.42%, N225 +3.25% and Kospi +1.93%) provides the much needed optimism. 

Among the top gainer sector is plantation +74.72, 1.41% and finance +152.91, and 1.41%.  Nevertheless, the volume traded not so convincing before any trend could be confirmed at this juncture.
 
Technically, the fkli managed to penetrate the psychological 1300 resistance level. Closing above the psychological 1300 level resistance, and with both FKLI and KLCI closed above the 200SMA could be one signal that the recent minor correction is over.  In another positive sign, the fkli MACD turned positive after turning bearish in mid-May. If the cash mange and stay above the 1300 player possibly will start feeling confident that the cash has bottomed out.  Fkli are set a cautious open today after US market offer little direction and fkli may open lower as basis will narrow unless the cash climb above the 1300 level. The next resistance level for cash will be psychological resistance and 1305 for fkli. Immediate support revise higher to 1290-1285 while resistance at 1310.
 US Market

U.S. stocks rose last night, led by a late-day surge in technology shares as investors geared up for a strong unemployment report today. Volume was light ahead of Friday's non-farm payrolls report, which is expected to show the economy added 513,000 jobs in May. The Dow Jones up 5.74 points, or 0.06%, to end at 10,255.28. The Nasdaq rose 21.96 points, or 0.96%, to 2,303.03  
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The information herein was obtained or derived from the source that we believed are reliable.No liability can be accepted for any loss that may arise from the use of this report.All opinions and estimates included in this report constitutes our judgement as of this date and are subject to change without notice.

FKLI Change From Bear to Bull or Just A Technical Rebound?

KLCI down 0.54% or 6.95pts to closed at 1276.02 with thin volume (585 million). On the fkli June closed at 1278 or up 6.5 pts. 0.51%. The basis fluctuates wildly; it's been trading at 10 points discount the previous day and closed at 3 points premium yesterday. Total volume transacted stood at 8913 from 9996 on Tuesday. Players on sidelines due to lack of fresh leads and we expect the fkli to be choppy today with basis fluctuate between premium and discount similar to last few day movement.
 
KLCI and FKLI display great effort determination by maintaining above the 200SMA line, 1270 for KLCI and 1268 for FKLI.  We continue to expect the fkli to be trapped in range today with positive bias. For now the fkli needs to overcome the huddle of resistances at 1288-1300 for the bulls to regain control. However. anticipated selling interest to emerge at higher level as  sharp premium seems attractive.  Market likely to confine in the 1275-1290 ranges for today.  For the record, the fkli stuck in the 1270-1285 ranges since beginning of this week. Support is seen at 1275, while resistance at 1293-1300.

 US Market
 U.S. stocks rallied last night as investors rushed back into beaten down stocks, led by energy, which bore the brunt of the sell off a day earlier. The Dow was up 225.52 points, or 2.25%, at 10,249.54. The Nasdaq was up 58.74 points, or 2.64%, at 2,281.07. Dow was also encourage by U.S data showing pending sales of previously owned homes increased to 6 months high in April.
  
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The information herein was obtained or derived from the source that we believed are reliable.No liability can be accepted for any loss that may arise from the use of this report.All opinions and estimates included in this report constitutes our judgement as of this date and are subject to change without notice.

FKLI Outlook by AmFuture - 02 Jun 2010

KLCI closed down 0.16% or -2.04 pts to settle 1282.97 in line with weaker regional market. Regional market fell (HSI index  –1.36%, STI –1.35% and Nikkei –0.58%) as lower Chinese manufacturing growth and the prospect of higher interest rates in India spurred concern that the global economic recovery may slow. Losses from properties (-1.48%) and technologies (-2.01%) sector contribute the major losses. On fkli, new month June plunge 15.5 pts or 1.2% to closed at 1274.5, 10 points discount from 3 points premium the day before.

Expect the fkli to be choppy today and increased in volatility with basis fluctuate between premium and discount. For the record, the 10 pts discount most widen in 13 months. Players should maintain a sell-into-strength strategy. With regional market still susceptible to negative news many players still have doubts about the strength of the global recovery.  We anticipated listless performance in fkli and likely to continue for the rest of this weeks.  Based on yesterday performance and Dow overnight, we believe many players have more doubts about the strength of the global recovery for now. We lower our support to 1260 while resistance lower to 1292.
 US Market

U.S. stocks fell last night as energy shares slid after the latest failed attempt to halt the oil spill in the Gulf of Mexico clouded future prospects for energy company profits. U.S. government said it would start a criminal probe into the oil spill in the Gulf of Mexico, where another bid to stem the leak failed. The Dow dropped 112.61 points, or 1.11%, to 10,024.02. The S & P 500 Index dropped 18.70 points, or 1.72%, to 1,070.71. The Nasdaq dropped 34.71 points, or 1.54%, to 2,222.33.

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The information herein was obtained or derived from the source that we believed are reliable.No liability can be accepted for any loss that may arise from the use of this report.All opinions and estimates included in this report constitutes our judgement as of this date and are subject to change without notice.

FKLI Outlook by AmFuture - 01 Jun 2010

KLCI closed 15.85 or 1.25% points to settle at 1,285.01 after opening 7.27 points firmer. The gained largely by Finance (+133.16, +1.17% and Plantation (+88.96, 1.49%). On the fkli, the May expired at 1284, while June settle at 1288, 3 points premium against cash. Total volume transacted total 19955 contracts as month end roll over contribute roughly 62% of the volume.

Despite yesterday and last Thursday gains we advise clients more cautious at current juncture.  The current jittery in the market likely to continue for a while and is susceptible to negative news. Moreover, we think the basis largely result from short cover in the fkli the past 2 days. Cash gains 37 pts in the last two trading days. We anticipated some selling interest to emerge at the higher level and premium seems attractive. We continue to expect the fkli to be choppy today and increased in volatility. 

Players should maintain a sell-into-strength strategy. We not convince on the uptrend unless the new spot month June fkli manage to stay above the 14SMA at 1,303 points level. We maintain our immediate resistance level at 1292-1303 while support at 1270-1260

"How Far Will Gold Prices Go From Here?" Seminar

                        In the recent economic backdrop- the state of Euro and US Dollar, impact of US Fed Debt, impact of interest rate trends, impact of increasing demand from India and China and the west have slow down the global economy. However, gold prices may on the bullish trend. Come and hear from our speaker to discuss the bullish fundamentals that will push  gold prices higher over the next few years.

 

                        Phillip Futures is proudly present " How Far Will Gold Prices Go From Here?" seminar by Mr. Jeffrey Nichols managing director of American Precious Metals Advisors (ASMA) he provides expert analysis of the economics of precious metal markets and offers strategic consulting and market research services to a wide range of corporate and government clients. Jeff has an unusual depth and breadth of knowledge and experience. He has worked with mining companies on financing and investor relations, served as a director of public corporations and nonprofit associations, managed a mining related mutual fund, and advised institutional investors, industry associations, national mints, central banks, jewelry manufacturers and precious metals investment dealers.

 

Date:              2^nd June 2010, Wednesday

Time:             7.00 p.m. – 9.00 p.m.

Venue:           Phillip Futures Sdn Bhd

                                                                                                B-2-6, Block B, Level 2, Unit 6,

                                                                                                Megan Avenue II

                                                                                                12, Jalan Yap Kwan Seng

                                                                                                50450 Kuala Lumpur

 

 

           

                        For registration, please call us at 603-2162 1268 with your full name, contact number and email address. Seats are limited!

                       

 

FKLI Outlook by AmFuture - 27 May 2010

KLCI fall for 9th straight session down 0.19% at 1248.94. The KLCI rose as high as up 10.14 points in early trade at one stage, backed by bargain hunting activities mainly in key blue chips. Asian markets end higher with Nikkei rising 0.66% or 62.77 points to 9,522.66, Kospi gaining 1.36% or 21.29 points to close at 1,582.12 and the HSI ending 210.95 points higher at 19,196.45. Meanwhile on the fkli, the May contacts gains 12 pts to settle at 1253, 5 points premium against cash and expired next week Monday.  Total volume closed to 20,000 contracts largely contributes by the month end roll over activities.
 
KLCI has series breakdowns since last week. Violation of the 200SMA, and despite the regional market rebounded, the KLCI still close lower reflecting how fragile and bearish the market is. We expect the fkli to open lower and the basis narrow and become discount. Asian stocks at time of writing make a shaky start, as fresh fears over the stability of the euro zone sparked a wave of selling on Wall Street. The immediate technical support outlook for fkli  is the1220 pt-level, To the upside resistance, the 200SMA lies at the 1268 pt-level. Bursa Malaysia will be closed tommorrow for Wesak Holiday
 

 US Market

 U.S. stocks and the euro pared deep losses to end mostly flat last night as investors had second thoughts that a festering euro zone banking crisis will spread worldwide and strangle a reviving economy.  A late-day rally pulled the benchmark S&P 500 into positive territory minutes before the closing bell and wiped out most of the session's losses for the Dow, which closed above the key barrier of 10,000.   The Dow closed down 22.82 points, or 0.23%, at 10,043.75. The Nasdaq Composite Index fell 2.60 points, or 0.12%, at 2,210.95

FKLI Outlook by AmFuture - 26 May 2010

KLCI extended their losses yesterday on continuous selling mainly in plantation (-109 or 1.82%)and Korea over the sinking of a warship. Other Asian is bad too with Nikkei falling 298 (3.06%) its lowest finish almost 6 months. Kospi ended down 44.10 points (2.75%), while Hang Seng Index dropped 682 (3.47%).
The technical landscape of fkli deteriorated tremendously last five days. It violated the key 200 SMA support for cash and fkli. With the violation of the 1268, we shifting our near-term outlook to bearish. 

Overall, sentiment remain in the near term was likely to drive extended volatility in the market with the fkli possibly attempting to consolidate after the sharp losses over the past week. The small losses in Dow last night can provide some respite from the carnage. Anyway, we think the current support line would only provide temporary support for the market following the anxiety in global market. Maintain selling on strength. Immediate resistance lies at the 1270 levels, followed by the 1280.

US Market

U.S. stocks and the euro pared deep losses to end mostly flat last night as investors had second thoughts that a festering euro zone banking crisis will spread worldwide and strangle a reviving economy.  A late-day rally pulled the benchmark S&P 500 into positive territory minutes before the closing bell and wiped out most of the session's losses for the Dow, which closed above the key barrier of 10,000.   The Dow closed down 22.82 points, or 0.23%, at 10,043.75. The Nasdaq Composite Index fell 2.60 points, or 0.12%, at 2,210.95
  

FKLI Outlook by AmFuture - 25 May 2010

KLCI Index fell for a seventh day, losing 12.04 pts, or 0.9%, to close 1,273.69, its lowest close since Feb. 25 as Sime Darby the country's second-biggest company by market value, tumbled on concerns that it may have to write off more losses at its energy division. On the fkli, the May contracts tumble 14.5 points to settle at 1372, a points discount.

The outlook is no good. As the fkli spot month fast approaching the 200SMA support at 1264. We do not advise players to buy at the moment due to external factor  providing all the risk. Admits doubts about the strength of the global economy recovery and European struggle to contain the region debt crisis as well as the correction in Dow, KLCI is likely to see more correction ahead. Cross-below the 200 SMA will pull more losses ahead. However, the selling a bit overdone at the moment could lead to a slight rebound in the near term but we recommend selling on any rebound. Immediate support revise lower to 1265-1250 while resistance at 1288-1295

US MARKET

U.S. stocks slid on Monday after Spain's bailout of a small bank raised concern about Europe's financial system, boosting safe-haven demand for gold and U.S. Treasuries. Stocks had a volatile session, with the Dow and the S&P 500 sinking more than 1% in the final trading minutes. In Europe, however, stocks snapped a three-day losing streak as rising mining shares offset declines in bank stocks.   The Dow ended down 126.82 points, or 1.24%, at 10,066.57 while The Nasdaq Composite Index slid 15.49 points, or 0.69%, to 2,213.55

FKLI Outlook by AmFuture - 24 May 2010

FBM KLCI extended its losses n Friday in line with weaker regional market on concern over the economic situation in Europe. Cash market fell by 18.43 pts or 1.4% to close at 1285.73 off its low at 1280.63. Week on week the KLCI down 53 pts or 4%.  Meanwhile on the FKLI, May drop 17pts to settle at 1286.5 while Jun dwindle 18.5 pts to settle at 1284. Total volume transacted higher to 14,686 contracts, largely contribute by the end months roll over activities.

For this week  we anticipated the market will be dominate by roll over activities. The May contracts will expire in 4 days as this Friday Bursa Malaysia closed for Wesak Holiday. Technically, the market is grossly oversold and the market may stage a technical rebound. Nevertheless but we do not expect a strong rebound as concern and anxiety over Europe will have negative impact on the market. Immediate resistance peg at 300 and 1310 while immediate support lowers to 1277 and 1260.

FKLI Outlook by AmFuture - 21 May 2010

Ahead of the weekend, certain important points that we hope to mention today to wrap up the week and also to prepare investors for next coming weeks. As per mentioned in yesterday report, if both the FKLI and Cash did not recoup the losses suffered the day before, we are ready to revise the call from cautious to bearish.

Wednesday broke through already shown the weakness that the market is going to suffer going forward, however, as mentioned in our report yesterday, this will give more opportunity for us as the market started to trade with a direction – DOWNWARD! Please re-read our yesterday report on the reasons why we are strongly in the view that this may be the beginning of the major correction.

Overall technical looks weak with:-
1)    Today, the MA 100 level (1303) will be taken out convincingly for both the cash and the FKLI.

2)    The psychological support level of 1300 will also being taken out.

3)    The continuous widening in the Bollinger upper and lower band with the index is trading below the middle band.

For the near to mid term trading, the only strategy that investors should look at is to initiate Short position on any rebound. We are in the view that the indices will even retrace towards the MA 200 level which indicating the confirmed bearish phase. The support for today is seen at 1285 – 1280 levels.

FKLI Outlook by AmFuture - 20 May 2010

A lot of players in the market have the perception that the sell down yesterday was caused by the technical failure faced by Bursa in the first half to update the FBMKLCI index point. However, in our opinion, no matter what, this is the fact and we need to accept that the FKLI already convincingly broke the 1320 downside support level and the band that we have been looking at thus far.

For us, we will revise our positive view towards the near term market to cautious and is ready to revise our call further to negative call if today market still not manage to recover from yesterday sharp dropped. However, we are now more bias towards negative outlook for the reasons below:-

1)    We have been reiterating about the 1320 – 1350 band nearly a month and in our view, this level is considered being taken out convincingly and this will trigger more selling in the market.

2)    Since mid of last month, we have been maintaining our call that the uptrend is remained intact at least until the end of this month/ before the world cup. However, as per today, we have only about a week to go, this will not attract fresh investors to accumulate shares at the moment.

3)    This is the first time our market followed in tandem the sharp decline in the world indices and the decoupling phase that we are enjoying for the past three weeks has ended yesterday – this also represent the technical outlook will be the important reference rather than the fundamental from now onwards.

4)    This is the sharpest decline that we are having for this year and with the Bollinger upper and lower band have started to widen, the overall technical outlook remained very weak with the immediate support is seen at the MA 100 level of 1303 level.

No matter what, yesterday broke through the trading band of 1320 will incur more trading opportunity with clear direction expected in the near term, rather than we are being trapped in the tight range trading and boring trading session.

Investors need to get ready that this round of retracement may be the beginning of the major correction. Any rebound today should serve as an opportunity for those who has long the market to cut their position. Support for today is seen at 1300 – 1296 levels and the resistance is seen at 1315 level.

FKLI Outlook by AmFuture - 19 May 2010

We are expecting the market to open a gap down of 5 – 8 points in accordance with the triple digit lost in the US market last night and the further dropped in the Dow futures at the point of writing. The important support for the cash and futures at 1328 level may not able to hold at the opening, however, investors can closely monitor on the intraday development and taking this opportunity to take a long position if the cash manage to recoup the losses during the day and regain its status above the 1328 level.

In our view, for risk averse investors, any level today near/ below 1320 level should serve as a good level to initiate a long position. Reason for doing this --- We are still in the view that the 1320 level for both the cash and futures will able to hold the market, thus with limited downside and more upside, investors should find it worthwhile to take this chances. However, we reiterate:-

1)    Setting stop loss point is very important and we are suggesting the stop loss level should be around the 1316 – 1313 levels.

2)    For risk averse investors, capturing on intraday trading will be wise and try not to carry position overnight in view of the current volatile world markets.
Support for today is seen at 1325 – 1320 levels and the resistance is seen at 1335 level.

FKLI Outlook by AmFuture - 18 May 2010

The FKLI rebounded strongly from the 1328 level (for both the cash and FKLI) even with the regional markets tumbled yesterday. This is indicating investors are still looking for opportunity to buy the shares and the resilient in our market will remain, at least for the month.

However, as long as the trading band of 1320 – 1350 levels is not being taken out convincingly, the FKLI will trap in the tight range trading and investors can in fact take this opportunity to do some short term trading. From technical point of view, although the FKLI is trading below the Bollinger middle band, with the narrowing in upper and lower band, this will keep the FKLI away from experiencing sharp drop and with the slight positive in the overnight US market, we are expecting the FKLI will regain its posture above the Bollinger middle band (1336 level).

As per our weekly report stated, we are in the view that the 1328 level should serve as a good support level and any drop near to/ below this level should give an opportunity for investors to accumulate long position. However, we reiterate that for any position initiated, regardless is long or short, investors should not take too large a position as the market is directionless with range trading opportunity is available only.

The support for today is seen at 1329 level (MA 50) and the resistance is seen at 1340 level. We believe that the FKLI will close the gap set yesterday and trade above the 1336 level. Besides, the cash if able to regain its posture above the MA 30 level of 1337, this will help the cash to resume its near term uptrend momentum.

FKLI Outlook by AmFuture - 17 May

For this week, provided the FKLI can successfully break through the band of 1320 – 1350 levels, if not, the FKLI will still being trapped in the range trading of these 30 points. From technical point of view, the immediate support for the cash is at 1338 level (Bollinger middle band), followed by 1328 (MA 50) while the FKLI immediate support is at 1336 (Bollinger middle band), followed by 1328 (MA 50) as well.

We will remain our positive bias towards the current market for this week and for those who have initiated the short position (as per our call on last Thursday) near to the 1350 level should take profit on any retracement these few days, especially if the FKLI unable to successfully break through the 1328 level. This is in line with what we planned - to only take marginal profit on this round of short position.
Currently, the 1328 level should serve as a good support for both the FKLI and cash, thus, investors can initiate long position if the market trades near to/ below this level. For this week, the trading strategy will be to accumulate long position on any downward pressure, especially any level below the 1325 and set the stop loss within the 1320 – 1316 levels.

For today, the FKLI may open marginally lower in accordance with last Friday triple digit lost, however, the gap is expected not sharp in view of the recent strong buying interest. The support for today is seen at 1335 – 1330 levels and the resistance is seen at 1340 – 1343 levels.
[Reminder: US will release its NAHB Housing Market Index (Survey 20 Vs 19) later tonight.]

FKLI Market Outlook by AmFuture

Although overnight US market dropped more than triple digit, we are not expecting our market to experience the same sharp drop, in fact, we may even manage to secure some points to finish in positive territory after our GDP recorded a double digit growth for the first quarter, better than expected. However, the only concern is whether the Sime’s scandal will give some impact to the index, we will closely monitor for today.

Furthermore, the 5 points of discount to cash will also give the support to the FKLI. Our positive bias towards the market is remained but the index will still trap in the tight trading band of 1320 – 1350 level. Investors can fully utilize this opportunity to take either side position for short term trading. The support is seen at 1338 – 1335 levels and the resistance is seen at 1345 – 1348 levels.

Future Market Seminar by Philip Future (JB)

Philip Future are pleased to invite you to attend our Free seminar.

The below is our detail of seminar:

 

 

Date	Time	Venue	Topic	Speaker
14/5/2010 ( Friday)	7.00pm- 9.00pm	JB Investor Center	赚钱投资靠分析	Master Chong
22/5/2010 ( Saturday)	10.00am- 1.00pm	New York Hotel, Johor Bahru	・         Introduction of Phillip Futures And Poems Professional ・         Price Outlook On Commodities: Gold, Crude Oil, Rubber, Coffee And Others ・         Technical Trading In KLCI Index Futures	・        Peter Soon   ・        Avtar Sandu   ・        Wong Kon How

 

・         Refreshment provided

 

To sign up for our seminars, please call 03-21621628 ( Kuala Lumpur) or 07-3525999 ( Johor Branch) or email phillipfutures@poems.com.my ( Kuala Lumpur) orPhillip_jb@poems.com.my ( Johor Branch)

 

Technical Analysis Preview in Penang (16 May 2010)

CIMB are pleased to announce that there will be a FREE preview on Technical Analysis Training Programorganised by ChartNexus Pte Ltd and supported by CIMB Investment Bank Berhad in Penang.

 

This seminar will cover:-

 

·  Understand the fundamentals of a working Trading Strategy

·  Learn how to use these MACD Indicator & MACD Histogram to identify the strength of the momentum, continuation of an up-trend & point of reversal and breakout

·  Acquire the knowledge to trade in up, down or sideway market

 

Seminar details:-

 

Date	16th May 2010 (Sunday)
Time	1.00pm – 3.00pm
Venue	Gurney Hotel Function Hall 1 18 Persiaran Gurney 10250 Georgetown Penang

 

Don’t miss this preview to learn more about the investment opportunities in the current market trend.

 

Please register at http://chartnexus.com/events/details.php?eid=3649 not later than 14^th May 2010 (Friday).

 

*Registration is on a first-come-first-serve basis.

 

Invitation to FREE Training Course in Penang (15 May 2010) by Jupiter Online

Jupiter Online have received requests from clients in Penang asking us to conduct training in Penang. As such, we are pleased to bring to you our training session called “Making Sense of The Numbers” to enable you to learn how to make full use of the powerful features found in Jupiter Online as well as some trading strategies to make you a better investor/trader.

Details of the training course are as follows:

Date:          Saturday, 15 May 2010

Time:         9.00 am to 1 pm

Venue:      East & West Room, Level 2

Northam All Suites, Penang

  

Information on the Training Course. 

This training session entitled “Making Sens(e) of the Numbers” is aimed at showing participants how to make use of the available information to profit from the market. With Jupiter Online, you can profit from just one tick. Hence, every sen increase in price is extra money in your pocket.

Amongst the topics that will be discussed are:

·         How to Use Jupiter Online to Assess Market Sentiments and Information

·         How To Identify Stocks & Create Watch List

·         How to Time Your Purchases

·         How to Determine Supply and Demand

·         How to Create Your Portfolio

·         How to do Online Trading

·         Trading to Win – A proven technical trading strategy

 

In this training session, we will show you where to look for important information before you enter into a trade. More importantly, we will show you how to interpret the numbers so that you can make a more informed trading decision.

 

What a participant said about "Making Sens(e) of the Numbers"

 

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I have to admit that the entire trading approach is incredibly powerful. The step-by-step guideline makes the whole trading process so much easier and fun. Although I am yet to fully understand and to utilize the key takeaways from your session but surely it will make more sense as I proceed further. On the other hand, I have been spreading a word or two among my trader friends about Jupiter Online. Hope this little effort helps to grow Jupiter's client database. All in all, I was very pleased that I made a right decision to attend your session. Thanks very much for your effort."

  

REGISTER NOW.  Limited Seats.

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Please call Ms Julie Chee at 03-20341888 Ext 1949 or customer service at 03-20709800  or send an email to servicecenter@jssb.com.my  to book your seat(s) today.

Wishing you success in life, and a rewarding experience in trading online with us.