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.