ZLBT Chats

Friday, April 30, 2010

TECHNICAL ANALYSIS >> Composite Index 30/04/2010 / 综合指数 2010年 04月 30日

Composite Index 30/04/2010
As indicated by A, the Bollinger Bands expanded 30%, with the KLCI returning to above the Bollinger Middle Band, thus the immediate technical outlook has improved. The KLCI also tested the 1347.61 Automatic Fibonacci Retracement, and precisely resisted by the 1347.61 level. Therefore, resistance for the KLCI remains at 1347.61~1348.15 level while the support is at 1334 followed by 1318.53 Automatic FR.

Technically, if the Bollinger Bands should continue to expand, with the KLCI above the Bollinger Middle Band, the upside movement is expected to carry, until the Bollinger Bands should contract or the expansion rate should reduce.

As indicated by B, total market volume declined 1.1%, with volume remains below the 40-day VMA level. This suggests that the overall market participation is still low, and therefore, the market confidence in general is still weak. In short, this is not the most ideal bullish condition for the KLCI!

As circled at C, the Stochastic continued rising, while staying above 70%, and therefore, the short term bullish signal remains intact, until the Stochastic should break below 70%.

In conclusion, the immediate technical outlook has improved as the Bollinger Bands indicated a bullish biased signal, and the next target for the KLCI is at 1354 Automatic Fibonacci Retracement.

综合指数 2010年 04月 30日
如图所示,布林频带(Bollinger Bands)打开30%,由于富时综合指数已经处于布林中频带(Bollinger Middle Band)以上,所以综指开始上扬,并且上探1347.61点的费氏阻力线。如图中箭头A所示,综指精确的在1347.61点遇阻,所以综指当前的阻力水平仍然是1347.61~1348.15点的费氏线,支持水平则是1334点及1318.53点的费氏线。





Wall St Rebound Off Recent Slump

The Bulls Are Back; Dow Soars 122
Despite disappointing earnings from a pair of Dow components, stocks snapped out of their recent slump to rack up a solid day of gains. Exxon Mobil and Procter & Gamble both bucked the Dow's bullish bias after unveiling their quarterly reports, but traders took heart in a healthy round of economic data. The Labor Department noted weekly declines in both initial and continuing jobless claims, while reports out of Europe suggested that an aid package for Greece will be ready to go "in the next days," according to Olli Rehn, the European Union's commissioner for monetary and economic affairs. Rehn described the bailout as "a multi-annual program that will lead to major fiscal and also structural adjustment."
Meanwhile, upbeat quarterly earnings reports from corporations as diverse as Motorola, International Paper, Aetna, and Starwood Hotels & Resorts simply provided more fuel for the bulls.

The Dow Jones Industrial Average (DJIA – 11,167.32) wrapped up the day with a robust gain of 122 points, or 1.1%, as all but three of its 30 components closed higher. Exxon Mobil and Procter & Gamble swallowed the steepest losses, while Hewlett-Packard declined after announcing its intention to acquire Palm. Financial firms American Express and Bank of America led the 27 advancing equities.

Thanks to today's rally, the Dow reclaimed a foothold above its 10-day moving average. In total, the bluechips barometer reclaimed in 2 days 1.58% from a 1.90% slump on Tuesday. Performance wise, it wouldn't be much of a problem for the bulls to wipe out the deficit.

The S&P 500 Index (SPX – 1,206.78) tacked on 15.4 points, or 1.3%, and climbed back atop its own 10-day trendline. The SPX also ended above the 1,200 level for the first time since Monday. Finally, the Nasdaq Composite (COMP – 2,511.92) soared 40.2 points, or 1.6%, and settled on the north side of both its 10-day moving average and the 2,500 level.

Crude futures followed suit with the equities market today, moving solidly higher in the wake of well-received earnings and economic data. In particular, commodity traders were cheered by a weekly decline in unemployment claims, with hopes rising that a rebound in the jobs market will stoke increased fuel demand. Of course, Wednesday's unexpectedly bullish domestic inventories report certainly didn't hurt the upbeat mood in the oil patch. By the close, crude oil for June delivery was up $1.95, or 2.3%, to end at $85.17 per barrel.

Conversely, gold futures closed lower. The precious metal has recently capitalized on its status as a safe-haven alternative to stocks and currencies, but gold backpedaled as traders rediscovered their appetite for riskier assets. Gold for June delivery ended on a drop of $3, or 0.3%, at $1,168.80 per ounce.


Thursday, April 29, 2010

TECHNICAL ANALYSIS >> 综合指数 2010年04月29日 / Composite Index 29/04/2010

综合指数 2010年 04月 29日

如图所示,布林频带(Bollinger Bands)打开的幅度为0%,这表示综指继续维持在一个横摆巩固的格局,直到布林频带再度明显打开为止。综指目前回弹至布林中频带(Bollinger Middle Band)的水平,这表示综指接下来的走势仍然不明朗。




Composite Index 29/04/2010
As indicated by A, the FBM KLCI rebounded on Thursday, breaking above the 1334 level, and therefore, it has not formed a downtrend yet. Resistance for the KLCI remains at 1347.61 Fibonacci Retracement while the supports are at 1334 followed by 1318.53 Automatic Fibonacci Retracement.

As shown on the chart above, the Bollinger Bands expanded 0%, suggesting that the KLCI is basically still trendless; and at the moment, the KLCI is testing the Bollinger Middle Band, thus the market direction shall remain unclear.

As indicated by B, total market volume increased 8.1%, with volume getting closer to the 40-day VMA level. However, this is still not the ideal volume for a healthy uptrend. Without sufficient market participation, the market sentiment is likely to stay low.
As circled at C, the Stochastic returned to 70% level, re-entering the short term bullish territory. If the Stochastic could remain above 70% level, the market movement for the short term is expected to be on the positive side.

The KLCI rebounded and continued its sideways consolidation. Technically, the market direction is still unclear as the Bollinger Bands has not expanded. When the Bollinger Bands re-expands, the direction of the KLCI shall be determined by the relative position of the candles below or above the Bollinger Middle Band.

After Greek Moans Comes Spanish Groans .......

Dow Recaptures 11K; Contagion Fears Spread to Madrid
Wall Street mustered a tepid rebound from its worst day in almost three months on Wednesday as the Dow recaptured the 11000 level and the Nasdaq Composite inched higher even after another domino fell in Europe’s ongoing debt saga.

Stocks settled in the black today, as the Street opted for the glass-half-full approach. Early this morning, Standard & Poor's slashed its credit rating on Spain, predicting "a more protracted period of sluggish activity" than previously assumed. However, the latest sovereign-debt downgrade from across the pond was eventually overshadowed by a string of encouraging earnings reports -- led by Dow Chemical and the Federal Reserve's decision to maintain record-low interest rates. After a two-day meeting, the central bank vowed to hold its benchmark rate between zero and 0.25% for "an extended period" of time.

Meanwhile, banking stocks paced the advancing equities in afternoon trading, after Senate Republicans for the third time stalled a vote to debate on a financial regulation bill. Against this backdrop, the major market indexes pared a portion of Tuesday's deficit, with the Dow Jones Industrial Average (DJIA) reclaiming round-number support.

The Dow Jones Industrial Average (DJIA – 11,045.27) finished 53.28 points, or 0.5%, higher, as all but seven of its 30 components settled north of breakeven.

Bank of America and JPMorgan Chase led the 23 advancing blue chips, while Wal-Mart Stores paved the path into the red. While the Dow still has some ground to cover before erasing yesterday's single-session dip, the index reclaimed the support of both the 11,000 level and its 20-day trendline.

The markets remain focused on the crisis in Europe, but Wall Street was only briefly spooked by Standard & Poor's decision to downgrade Spain's credit ratings. S&P's downgrades of both Greece and Portugal on Tuesday triggered a 213-point plunge -- the Dow's worst day since early February.

"Quote : Madrid is famous for it's prized bullfights but in this case Spain could be the 800-pound gorilla in the room"

The S&P 500 Index (SPX – 1,191.36) also erased a portion of yesterday's losses, adding 7.65 points, or 0.65%. However, the broad-market barometer is still staring up at its own 20-day moving average, as well as the psychologically significant 1,200 level.
Finally, the Nasdaq Composite (COMP – 2,471.73) flirted with breakeven for most of the session, eventually eking out a slim gain of 0.26 point, or 0.01%. Limiting the tech-rich index's intraday pullbacks was the support of its 20-day moving average, which hasn't been breached on a daily closing basis since mid-February.

CRUDE OIL >>> Like the equities market, crude futures also received a lift from the Federal Reserve's decision to maintain rock-bottom interest rates. In addition, the Energy Information Administration said domestic gasoline inventories unexpectedly declined last week – despite accelerated refinery operations – pointing to recovering fuel demand. Against this backdrop, June-dated crude futures added 78 cents, or 1%, to settle at $83.22 per barrel.

GOLD >>> Gold futures also powered higher today, as Spain's ratings downgrade prompted a flight to safety among wary traders. What's more, the malleable metal ended in positive territory, despite the U.S. dollar's gains against the euro. Finishing in the black for the fourth straight session, gold for June delivery advanced $9.60, or 0.8%, to end at $1,171.80 an ounce – the loftiest closing price since early December 2009.

Wednesday, April 28, 2010

TECHNICAL ANALYSIS >> Composite Index 28/04/2010 / 综合指数 2010年 04月 28日

Composite Index 28/04/2010

The KLCI opened with a gap down on Wednesday, after the huge decline in major indices across the US and European markets. The KLCI opened at 1330.53 points, and had its intra-day low reaching 1324.34 points.

However, the KLCI managed to regaining some lost ground at the close, by losing only 6.55 points or 0.5%. Therefore, the KLCI has fallen below the 1334 level, and the 1334 is now serving as the immediate resistance level, while the support is at 1318.53 Automatic Fibonacci Retracement.

As indicated by A, the KLCI also broke below the Bollinger Middle Band, and the immediate technical outlook is now bearish biased. Fortunately, the Bollinger Bands only expanded 2%, suggesting that the downside volatility is not extreme. Nevertheless, if the Bollinger Bands should continue to expand with the KLCI below the Bollinger Middle Band, more downside movement is expected for the KLCI.

As indicated by B, total market volume fell and stay below the 40-day VMA level, suggesting that the overall market participation is relatively low, and therefore, without sufficient market participation, the KLCI is less likely to pickup any strength.

As indicated by C, the Stochastic fell below 70% level, ended the short term bullish signal. Technically, the Stochastic has to return to above 70% in order for the KLCI to resume its short term bullishness.

In conclusion, since the Bollinger Bands has not really started expanding, the direction for the KLCI remains unclear. Nevertheless, with the KLCI below the Bollinger Middle Band, the immediate technical outlook is still on the negative side.

综合指数 2010年 04月 28日


如图中箭头A所示,综指的下挫亦使到综指跌破了布林中频带(Bollinger Middle Band)的重要支持线,所幸的是布林频带(Bollinger Bands)只打开2%,所以综指还未算完全的进入跌势。无论如何,若综指未能在短期内重回布林中频带以上的水平,那在布林频带打开时,综指将会出现下跌的趋势。




EU Contagion Fears Bloodied The Street

Dow Back Below 11000 Pivotal;
First 200-points Plunge Since February

Stocks were absolutely hammered today, with traders panicking in the wake of debt downgrades for Greece and Portugal. Standard & Poor's slashed its rating on Greek government debt to junk status, announcing, "Greece's economic and fiscal prospects lead us to conclude that the sovereign's creditworthiness is no longer compatible with an investment-grade rating." S&P now maintains a "BB+" rating on Greek debt -- which, as The Wall Street Journal noted, is on par with its sovereign debt rating for Azerbaijian. Meanwhile, Portugal's debt was downgraded by two notches, with S&P maintaining a negative outlook on both countries.

While most equities plunged into the red out of the gate, Goldman Sachs Group (GS) was a notable outlier. Shares of the banking behemoth ticked higher today as accused trader Fabrice Tourre "categorically" denied any involvement in securities fraud before a Senate subcommittee.

"Quoting a Goldman e-mail: 'boy that Timberwolf was one [expletive] deal' ... You knew it was a [expletive] deal and that's what your e-mails show. How much of this [expletive] deal did you continue to sell to your clients?"

The Dow Jones Industrial Average (DJIA – 10,991.99) suffered a massive blow today, ending below 11,000 for the first time since April 9. The Dow also settled below its 20-day moving average, breaching this trendline for the first time in more than two months. The blue-chip barometer gave up 213 points today, or 1.9%, as all but two of its 30 components closed lower. Caterpillar and Alcoa paced the 28 decliners, while 3M Company bucked the bearish bias in the wake of well-received earnings, and Wal-Mart Stores finished flat.

The S&P 500 Index (SPX – 1,183.71) followed suit with a plunge of 28.3 points, or 2.3%, ending its five-day streak above the 1,200 level in the process. Like the Dow, the SPX ended on the south side of its 20-day moving average for the first time since Feb. 12.

Finally, the Nasdaq Composite (COMP – 2,471.47) tumbled below the 2,500 region, ending the day on a drop of 51.5 points, or 2%. However, the COMP one-upped its peers by finding support at its 20-day trendline.

Hope this is just another kneejerk reaction

Tuesday, April 27, 2010

Only Good FA Stocks Can be Winners? ZL's gonna kill that myth Once And For All

Company Profile : Mainland Resources Inc. (MNLU)
Mainland Resources, Inc. is an independent oil and gas exploration, development and production company formed in early 2008. The Company is developing the natural gas potential of leases in the northern Louisiana Haynesville Shale play and intends to immediately explore the potential for further extensions of the Haynesville shale in Mississippi .............

Read more about MNLU @Homepage >>> http://www.mainlandresources.com/

Mainland WHO? What's so great about this stock?

1. Negative P/E ( -10.62 )

2. Negative EPS ( -0.13 )


Agree 110% but but depending on HOW it is managed that provides the potential turn around. No? But bizmen being the bizmen they are seldom just lay down and die when the going gets tough and there are no better Oil & Gas professionals than the Americans. Love them or hate them, you just cannot ignore them especially when they have an ace up their sleeves.

And (ZL's biased opinion) no ACES comes better than >>>

MAINLAND RESOURCES Incorperated (MNLU) $1.32 last closed 26 April 2010.

Check out MNLU and keep it under favourites (US markets). Any asshole who can read a biz newspaper would know about the Goldman Sachs & CiTi Group plus nearly all the 30 Dow components. And ZL will put my money where my mouth is 99% of all these kampung "Wall St" investors never knew a stock named MNLU even exists.

Monitor this MNLU and get back to ZL in Q3 (now April or Q2) then each quarter until 2010 expires. Let ZL take you on a journey into the unknown what this MNLU can deliver in 1 year and 2 years. What you may see from this "losing money" company can possibly surprise you no ends ......

MNLU is ready to roll ...... HOUSTON are we clear to take-off???

Why ZL pick MNLU inspite of all the negativities and not even a BURSA stock?

hehehe >>> ZL having some FUNNY & MENTAL thoughts that not only solid fundamentals choices of stocks with good P/E and EPS can be a winner.

Let's wait and see later on whether ZL can make these FA freaks eat shiit or I'm gonna eat my own. You have the stomach to go all the way with ZL my funny & mental friends?

Scramble! Scramble! Yahoo! stock search PRONTO!!!

Malaysian stocks? TAK NAK ..... :D

We are on a NEUTRAL playing field

Goodluck2u & ME!!! :D

TECHNICAL ANALYSIS >> 综合指数 2010年 04月 27日 / Composite Index 27/04/2010

综合指数 2010年 04月 27日

如图所示,布林频带(Bollinger Bands)维持零打开的幅度,这表示综指当前的走势仍然是维持在横摆巩固中,直到布林频带明显的打开为止。接下来若布林频带打开时,综指能继续维持在布林中频带(Bollinger Middle Band)以上,那综指将有望形成一个上扬的格局,反之亦然。




Composite Index 27/04/2010
As indicated by A, the KLCI fell 0.35 points to close at 1339.72 points, while still consolidating in a narrow range. Support for the KLCI remains at 1334 and 1318.53 Automatic Fibonacci Retracement while the resistance are seen at 1347.61 followed by 1354 Fibonacci Retracement.

As shown on the chart above, the Bollinger Bands is still unchanged, suggesting that the KLCI is still in a consolidating phase, until the re-expansion of the Bollinger Bands.

If the Bollinger Bands should expand with the KLCI above the Bollinger Middle Band, it would be a bullish signal, otherwise, a bearish signal.

As indicated by B, total market volume increased 21.9% and breaking above the 40-day VMA level. However, part of the increased volume was from some selective counters with heavy selling such as KNM, and therefore, this could not full reflect the overall improvement of the market sentiment.

As circled at C, the Stochastic retreated slightly at 90%, but generally, with the Stochastic above 70% level, the KLCI short term movement is still in the bullish territory. If the Stochastic should break below 70% level, it would be a signal suggesting a beginning of a technical correction.

In conclusion, the Bollinger Bands is still contracting at the tight band width, suggesting that the KLCI is still preparing for a new movement, and the beginning of the new movement is about to take place. We shall monitor the re-expansion of the Bollinger Bands, and the relative position of the KLCI at the Bollinger Middle Band to determine the new direction.

Wall St Takes a Breather

Bulls Call Time Out Ahead of GS Date With Senate Subcommittee
It was an uneven day in the equities market, as traders weighed a solid round of corporate earnings against fresh mayhem in the financial sector. Dow member Caterpillar (CAT) provided a boost for the blue chips after raising its full-year earnings forecast, while home appliances heavyweight Whirlpool rallied to a new annual high in the wake of its quarterly report. However, Citigroup weighed on financial stocks as the U.S. Treasury began to unwind its stake in the bailed-out bank, and Goldman Sachs (GS) also slipped ahead of its date with a Senate subcommittee.
Elsewhere, ongoing concerns about the Greek debt crisis sent the dollar higher against the euro and yen, with many traders losing their taste for higher-risk assets. All three major market indexes rose to new 52-week highs today, but that didn't necessarily translate to a positive finish for stocks.

In fact, by the time the closing bell sounded, the Dow Jones Industrial Average (DJIA – 11,205.03) was barely able to keep its footing above the breakeven line. The Dow added just 0.75 point, or 0.01%, after rising to a new annual high of 11,258.01 earlier in the session. Thirteen of the 30 blue chips closed higher, led by Caterpillar, while financial firms Travelers Cos., JPMorgan Chase and Bank of America set the pace for the 16 decliners. Meanwhile, Kraft Foods finished flat. Despite a relative lack of conviction from the bulls, the Dow finished its second straight session above 11,200.

The S&P 500 Index (SPX – 1,212.05) didn't fare as well, with the index settling on a deficit of 5.23 points, or 0.4%. The SPX tapped a new 52-week peak of 1,219.80 earlier in the day, though, and is still perched above its 10-day moving average.

Finally, the Nasdaq Composite (COMP – 2,522.95) joined its peers by finding a new annual high of 2,535.28 in morning trading, but ended the day on a drop of 7.2 points, or 0.3%. However, the COMP maintained its position above the 2,520 region, which acted as resistance earlier this month.

Crude Turned Lower Checked By Rising Dollar

Oil turned lower today, with commodity traders taking their cues from a rise in the U.S. dollar. Additionally, the threat of oversupply continues to dog crude futures, with consensus expectations calling for another weekly increase in petroleum stockpiles. Following a round of robust economic data on the domestic front, traders also steeled themselves ahead of this week's policy announcement from the Federal Open Market Committee (FOMC); while the group is not expected to raise rates, the market will take a fine-toothed comb to the FOMC's language regarding future rate hikes. With these bearish catalysts at the forefront, crude oil ended the session on a deficit of 92 cents, or 1.1%, at $84.20 per barrel.


Monday, April 26, 2010

TECHNICAL ANALYSIS >> Composite Index 26/04/2010 / 综合指数 2010年 04月 26日

Composite Index 26/04/2010
As indicated by A, the FBM KLCI rose 3.29 points to close at 1340.07 points, and the support for the KLCI remains unchanged, at 1334 Automatic Fibonacci Retracement while the resistance is at 1347.61 followed by the 1354 Fibonacci Retracement.

As shown on the chart above, the Bollinger Bands expanded slightly, with the KLCI above the Bollinger Middle Band, thus the immediate technical outlook remains positive. If the Bollinger Bands should continue to expand, the bullish signal is likely to carry on.
As indicated by B, total market volume declined 2.2%, and volume remains below the 40-day VMA level. This suggests that the market sentiment as a whole is still weak, as investors confidence is relatively lower. Therefore, the KLCI does not have the most ideal bullish condition.

As circled at C, the Stochastic breaks above 70%, entering the short term bullish territory. If the Stochastic should should remain above 70%, the bullish short term movement of the KLCI shall carry on.

In conclusion, the KLCI is showing some signal of resuming its uptrend, but volume remains low. Nevertheless, if the Bollinger Bands should continue to expand, the bullish biased movement of the KLCI shall continue.

综合指数 2010年 04月 26日

如图所示,布林频带(Bollinger Bands)稍微打开,而综指则持续处于布林中频带(Bollinger Middle Band)以上,所以综指继续维持转强的格局,接下来只要布林频带进一步打开,那综指将有望确认形成新一轮的的涨势。




ZLBT Peeks At Goldman Sachs

Company Infos >>> Goldman Sachs (GS)
The Goldman Sachs Group, Inc. provides investment banking, securities, and investment management services primarily to corporations, financial institutions, governments, and high-net-worth individuals worldwide. It operates in three segments: Investment Banking, Trading and Principal Investments, and Asset Management and Securities Services. The Investment Banking segment provides financial advisory services, such as advisory assignments with respect to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and underwriting services, including public offerings and private placements of common and preferred stock, convertible and exchangeable securities, investment-grade debt, high-yield debt, sovereign and emerging market debt, municipal debt, bank loans, asset-backed securities, and real estate-related securities. The Trading and Principal Investments segment engages in market making, trading of, and investing in fixed income and equity products, currencies, commodities, and derivatives on these products. It also involves in specialist and market-making activities on equities and options exchanges; clearing client transactions on stock, options, and futures exchanges; and making principal investments directly and through funds that the company raises and manages. The Asset Management and Securities Services segment provides investment advisory and financial planning services, and investment products; and offers prime brokerage services, financing services, and securities lending services. As of November 24, 2006, the company operated offices in approximately 25 countries. The Goldman Sachs Group was founded in 1869 and is headquartered in New York, New York.

Value is a measure of a stock's current worth. Value is computed from forecasted earnings per share, forecasted earnings growth, profitability, interest, and inflation rates. Value increases when earnings, earnings growth rate and profitability increase, and when interest and inflation rates decrease. Value minded investors advocates the purchase of undervalued stocks. At some point in time, a stock's Price and Value always will converge. GS has a current Value of (SIT TIGHT!!!) $322.99 per share. Therefore, it is undervalued compared to its Price of $157.40 per share. Fundamentally it is an outright BUY but technically it is Buy at Support & Sell at Resistance >>> please refer to GS Chart.

RV (Relative Value):

RV is an indicator of long-term price appreciation potential. GS has an RV of 1.64, which is excellent on a scale of 0.00 to 2.00. This indicator is far superior to a simple comparison of Price and Value because it is computed from an analysis of projected price appreciation three years out, AAA Corporate Bond Rates, and risk. RV solves the riddle of whether it is preferable to buy High growth, High P/E stocks, or Low growth, Low P/E stocks. ZLBT favors the purchase of stocks with RV ratings above 1.00.

RS (Relative Safety):
RS is an indicator of risk. GS has an RS rating of 1.12, which is good on a scale of 0.00 to 2.00. RS is computed from an analysis of the consistency and predictability of a company's financial performance, debt to equity ratio, sales volume, business longevity, price volatility and other factors. A stock with an RS rating greater than 1.00 is safer and more predictable than the average stock in the database. ZLBT favors the purchase of stocks of companies with consistent, predictable financial performance.

Recommendation (REC):
GS has a Hold recommendation. REC reflects the cumulative effect of all the FA & TA softwares' parameters working together. These parameters are designed to help investors buy safe, undervalued stocks rising in price. They also help investors avoid or sell risky, overvalued stocks falling in price. ZLBT recommends that investors buy rated stocks prudently during rising markets.

This is only a 2 (Malaysian not US cents) sens view of the publisher.
Traders are advised to excercise discreetions and to consult their remisier for more details & infos


Tradings Ahead Next Week or Next Weak?

FBM KLCI >>> Week-on-week, the Composite Index climbed 4.01 points, or 0.3% to 1,336.78 last Friday, compared with 1,332.77 on April 16. Weekly turnover shrank slightly to 4.137 billion units valued at RM5.854bil, versus 4.807 billion shares worth RM7.281bil done a week ago.
Earlier in the week in a knee-jerk reaction to the fraud charges against Goldman Sachs and a steep pullback in overnight Dow, the FBM KLCI fell as much as 11.52 points before bouncing back slightly to trade range-bound amid bargain-hunting interest.
The weekend BN victory in Hulu Selangor should provide some impetus to hold off the bears. The market will prolong it's consolidations until the Daily Bollinger Bands starts expanding >>> with prices above Mid BB 1334 of course.
ZLBT outlook >>> Neutral with slight bullish bias.

FBMKLCI Futures >>> FKLI sharks are scaring the hell out of LONG holders with the Premium & Discount fluctuations. Recent dipping FKLI daily volume an indication of buyers' commitments.
ZLBT recommend a FKLI BUY on weakness with an eye to cutloss for any sign of the SMA 10 about to cross below SMA 30 which is a bearish signal.

BMD Crude Palm Oil Futures >>>
CPO picked up some steam last week on some short-covering activities. Both the MACD & Stoch emitted BUY signal but in bearish territories. Technically there is not much bullish TA to go on exuberated shopping until the MACD is closser to the Trigger Line or when the Stochastics move above the Neutral 50.
ZLBT outlook >>> Beware of bears in bull's mask. This could be an entrapment ala HORNY BEARS

Dow Jones Industrial Average >>>
The Wow! Jones Cracks 11,200 and extends rally to 8th weeks. Upward momentum remains intact despite Goldman and Greece fiascos.
Wall St ended the week with a shiny green APPLE for the bulls despite the historical tendencies of market weakness in the first week of a five-week expiration cycle, the S&P 500 Index (SPX) broke above the 1,200 level last week, as investors did not hesitate to move beyond the Securities and Exchange Commission's (SEC) fraud allegations against Goldman Sachs.

On Thursday morning, the U.S. market had its back up against the wall once again, as overseas markets sold off in response to renewed credit worries in Greece. The first 30 minutes of trading were met with selling, but from there a recovery ensued, and stocks closed higher on the day. Investors are focusing on earnings, which continue to beat expectations, despite concerns that earnings expectations were too high.

The Market Bends, But Doesn't Break
Any hiccups are quickly met with sideline money coming in to support stocks.
Wow! Jones is good to go >>> at least until the end of season earnings reports.
ZLBT will not speculate on any immediate reversals but stay alert for the inevitable.

The economic front is devoid of data on Monday. Caterpillar Inc. (CAT), Humana Inc. (HUM), Sohu.com Inc. (SOHU), Boston Scientific Corp. (BSX), and Texas Instruments Inc. (TXN) will release their earnings reports.
Tuesday offers up the Case/Shiller home price index for February and the April consumer confidence index. On the earnings front, 3M Company (MMM), DuPont (DD), Ford Motor Co. (F), Lexmark International Inc. (LXK), Newmont Mining Corp. (NEM), Office Depot Inc. (ODP), U.S. Steel Corp. (X), UAL Corp. (UAUA), Under Armour Inc. (UA), United Parcel Service Inc. (UPS), Broadcom Corp. (BRCM), Panera Bread Co. (PNRA), and RF Micro Devices Inc. (RFMD) are scheduled to release their quarterly reports.
On Wednesday, the usual report on weekly U.S. petroleum supplies will be overshadowed by a statement on monetary policy by the Federal Open Market Committee. Taking their turn in the earnings confessional are Barrick Gold Corp. (ABX), Comcast Corp. (CMCSA), Corning Inc. (GLW), Hecla Mining Co. (HL), Royal Caribbean Cruises Ltd. (RCL), The Allstate Corp. (ALL), Baidu Inc. (BIDU), First Solar Inc. (FSLR), Visa Inc. (V), and Xilinx Inc. (XLNX).
Thursday offers up the usual weekly initial jobless claims. Aetna Inc. (AET), Akeena Solar Inc. (AKNS), Colgate-Palmolive Co. (CL), ConocoPhillips (COP), Eastman Kodak Co. (EK), Exxon Mobil Corp. (XOM), Fortune Brands Inc. (FO), Kellogg Co. (K), Motorola Inc. (MOT), OfficeMax Inc. (OMX), Potash Corp. of Saskatchewan (POT), The Procter & Gamble Co. (PG), Chiquita Brands International Inc. (CQB), KLA-Tencor Corp. (KLAC), McAfee Inc. (MFE), and MEMC Electronic Materials Inc. (WFR) are scheduled to report earnings.
Friday closes the week with an advance look at first-quarter gross domestic product, the April Chicago business barometer and the April University of Michigan consumer sentiment index. Rounding out the week's earnings reports are Avon Products Inc. (AVP), Chevron Corp. (CVX), China Sunergy Co., Ltd. (CSUN), and Constellation Energy Group Inc. (CEG).

Happy Trading & Goodluck2all

Saturday, April 24, 2010


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The Dow toppled the 11,200 level for the first time since September 2008
What's more, the blue-chip barometer ended the week 1.7% ahead, marking its eighth straight weekly rise – a feat not accomplished since 2004.

The S&P 500 Index (SPX – 1,217.28) erased early losses, advancing 8.6 points, or 0.7%, to end at its highest price since September 2008.
For the week, the SPX powered 2.1% higher

The Nasdaq Composite (COMP – 2,530.15) shook off early earnings-related disappointment from Amazon.com, amongst others, advancing 11.1 points, or 0.4%, to end at its loftiest level since June 2008.
For the week, the NASDAQ tacked on a healthy 2%.

Commodities traders also cheered the upbeat housing data today, with crude futures finishing a see-saw session in the black. Reports that new home sales unexpectedly surged in March escalated investors' expectations for higher oil demand. By the close, crude oil for June delivery added $1.42, or 1.7%, to settle at $85.12 per barrel. For the week, the front-month contract advanced 0.5%.