"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"

 

"....Your presentation was absolutely informative and I am looking forward to learn more from you. You had highlighted a few interesting points, for instance, the trade detail, who are the players in the market, technical charting and lots more. What is most exciting was how to utilize these information. At the end of the session, I was overwhelmed with information.

 

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.

You are welcomed to invite your friends who are interested to trade through Jupiter Online and avail themselves to our extremely low brokerage rates so that they too can profit from just one tick.  Bring them along.

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.

 

Technical Analysis Preview - Penang (09 May 2010)

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

 

This seminar will cover:-

·  What separates a winner from a loser in the stock market

·  How can a trader benefits from incorporating chart formation analysis in their trading

·  The easy way to identify important chart formations

·  What must you do upon seeing a bullish or a bearish chart formation

 

Seminar details:-

 

Date	9th May 2010 (Sunday)
Time	9.30am – 11.30am
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=3642 not later than 7^th April 2010 (Friday).

 

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

 

Master the Market Foundation Course (08 May 2010) in KL

CIMB are pleased to announce that there will be a FREE preview entitled “Master the Market Foundation Course” by Bill Wermine and Martin Wong, supportedby CIMB Investment Bank Berhad.

 

The profiles of the speakers are as follows:-

 

1.     Bill Wermine is a Fund Manager’s Representative with Phillip Capital Management Sdn. Bhd. He has worked as a Share Broker, Futures Broker and trader for a number of firms both in the US and in Malaysia. Bill holds a BA in Communication from the University of Maryland and is also the author of "How You Can Get Rich Swing Trading".

 

2.     Martin is a licensed Futures Broker with CIMB Futures. He is also private investor/trader. He holds a MBA (Dist.) from University of Bath, U.K & a B.Sc. (Upper 2nd Class) from Monash University, Australia. Martin is a registered CPE course leader with the Malaysian Securities Commission. Martin is the author of "Becoming Rich Fast: How You Can Invest Like the Very Rich".

 

Preview details:-

 

Date	8th May 2010 (Saturday)
Time	3.00pm - 5.30pm
Venue	CIMB Auditorium Ground Floor Bangunan CIMB Jalan Semantan Damansara Heights Kuala Lumpur
Fee	Normal Price : RM98   For i*Trade@CIMB customers: Free

 

For registration, please call 016 637 1508 / 03 4252 4149 not later than 6^th May 2010 (Thursday).

 

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

 

Exclusive Seminar - Outlook for the US & European Economy

Seminar Invitation

After the bailout packages by U.S and European central banks, what is the next move for U.S and Europe?   Phillip Futures is proud to have Mr John Carter, Managing Editor from Market News International (MNI), to share with us his outlook on US and Europe, and how these developments could affect Asia.

Date/Time Topic Speaker Venue/ Fees 5 May (Wed) 7.15pm – 9.00pm Trading the markets with Technical and Fundamental knowledge (Good for new traders)   Terence Lee Manager, Private Client Service RM20 Phillip Capital KL Office     8 May (Sat) 2.00pm – 4.00pm   The Outlook for the US and European Recoveries and Their Impact on Asia   §  Weak recovery in G-7 economies this year §  Sovereign debt risk rising §  US next victim of sovereign debt crisis?   John Carter, Managing Editor MNI RM100 Phillip Capital KL Office     Attend both (5 May & 8 May) seminars for RM100   6 May (Thur) 7.15pm – 9.15pm     The Outlook for the US and European Recoveries and Their Impact on Asia   §  Weak recovery in G-7 economies this year §  Sovereign debt risk rising §  US next victim of sovereign debt crisis?   John Carter, Managing Editor MNI   RM100 Hotel Novotel, KL City Centre Copper Room Level 2

Promotion: Bring a friend and enjoy special discounts! RSVP by 4 May to enjoy RM20 off registration fees!   Call 03-21621628 or email to phillipfutures@poems.com.my to reserve your seat now!