BURSA MALAYSIA >>> Niaga hadapan Indeks Komposit (FKLI)

FKLI Naik Bersama Kadar Asas FBM KLCI

Kontrak niaga hadapan Indeks Komposit FTSE Bursa Malaysia Kuala Lumpur (FBM KLCI) di Bursa Malaysia Derivatives ditutup lebih tinggi hari ini sejajar dengan pasaran tunai yang lebih kukuh, kata peniaga.

Pada penutup, Mei naik 5.0 mata kepada 1,284.0 dan Jun meningkat 9.5.mata kepada 1,288.0.
September bertambah 10.0 mata kepada 1,287.0 dan Disember 2010 meningkat 8.0 mata kepada 1,286.0.
Jumlah dagangan bagaimanapun menyusut kepada 19,955 lot daripada 28,212 lot Khamis lepas sementara minat terbuka merosot kepada 27,538 kontrak daripada 27,950 kontrak sebelum ini.
Kadar asas FBM KLCI di pasaran tunai naik 15.85 mata untuk ditutup pada 1,285.01.

ZLBT >>> An Eye On FKLI Weekly

Pitching For A Good Week Ahead

ZLBT's FKLI June Remains Unfazed .........

BUY ON WEAKNESS / SUPPORT

Cutloss 1260.0

HAPPY TRADING & Goodluck2all

The Dow Bears The Pain Of Spain

DJIA Suffers Worst May Performance in 70 Years

News out of Spain helped propel U.S. stocks higher on Thursday, as traders cheered the government's approval of new austerity measures. However, the jubilation was short-lived -- bright and early this morning, Fitch Ratings slashed Spain's long-term foreign and local currency issuer default ratings to "AA+" from "AAA." In a note accompanying the downgrade, Fitch pointed to "Spain's unemployment rate, the legacy of its construction boom, and its high level of indebtedness" as near-term concerns, and also cited "the risk that economic growth will fall short of the government's projections." With this negative note effectively negating any newfound confidence in the euro zone's economy, stocks finished the month of May with a resounding thud. Meanwhile, on the home front, disappointing reports on consumer spending and Chicago-area business activity only served to exacerbate the bleak mood. In fact, the Dow Jones Industrial Average tumbled 7.9% for the month, marking its worst May performance since 1940.

By the close, the Dow Jones Industrial Average (DJIA – 10,136.63) was sitting on a deficit of 122.4 points, or 1.2%. Only three of the Dow's 30 components muscled higher today: Coca-Cola (KO), Merck (MRK), and Procter & Gamble (PG). Meanwhile, Walt Disney (DIS) and Bank of America (BAC) paced the 27 decliners.

The S&P 500 Index (SPX – 1,089.41) didn't fare much better, ending the day on a dip of 13.7 points, or 1.2%. The SPX quickly surrendered its footing above its 10-day moving average, and mimicked the Dow by breaching its 10-month trendline for the first time since May 2009.

Finally, the Nasdaq Composite (COMP – 2,257.04) outperformed both its peers. The tech-rich index shed 20.6 points today, or 0.9%, but it's still positioned above both its 10-day and 10-month moving averages.

The Dow shed just 0.6% for the week, but couldn't erase its monthly loss of nearly 8%. Following weeks of turbulent trading, the Dow suffered a monthly finish below its 10-month moving average for the first time since June 2009.

The SPX gained 0.2% for the week, but gave up 8.2% for the month.

The COMP wrapped up the week on a gain of 1.3%, but swallowed a monthly drop of 8.3%.

Crude futures fell in sympathy with stocks today, as Fitch's downgrade of Spain put a damper on Wall Street's appetite for risk. As traders fled stocks and oil in favor of safe-haven investments, crude quickly erased its early gains.

However, July-dated crude wrapped up the session on a relatively modest loss of 58 cents, or 0.8%, at $73.97 per barrel.

The front-month contract added 5.6% for the week, but persistent macroeconomic concerns helped push black gold to its steepest monthly drop since December 2008, ending the month of May on a deficit of 14.1%.

ZLBT Wishes All Visitors

HAPPY WEEKEND

FBMKLCI : Weekly Technical Analysis, 27/05/2010 / 每周技术分析 2010年05月27日

FBMKLCI Weekly Market Analysis
THE FTSE Bursa Malaysia Composite Index (FBM KLCI) staged a technical rebound on Thursday after three days of technical pullback over the week. It continued to stay below its psychological resistance of 1,300 when it closed at 1,269.16 points on Thursday.

For the week ended on the 27th of May, 2010, the KLCI loss a total of 16.57 points or 1.3%, with a weekly high of 1282.96 and a weekly low of 1243.86 points, total volume was 3,397,054,800 shares, downed 9.6%.

Main Chart
After breaking below the L2 line of the Ascending Wedge, the KLCI fell heavily, and broke below the 200-day Moving Average line. As indicated by A, the KLCI rebounded on Thursday, and now the KLCI is testing the 200-day Moving Average line. If the KLCI should return to above the 200-day MA, it could avoid entering the bear market. Otherwise, with the KLCI staying below 200-day MA, the risk of entering a bear market is relatively high.

Volume
As indicated by B, total market volume was slightly higher, with volume touching the 40-day VMA level, suggesting some improvement in market participation. However, volume has to maintain above the 40-day VMA level in order to sustain the KLCI rebound. Or else, there won't be sufficient inflow of fresh capital to offset the selling pressure.

Bollinger Bands
After expanded for 6 days, the Bollinger Bands contracted for the first time on Thursday, suggesting that the KLCI might take pause from the down fall. However, with the KLCI still below the Bollinger Middle Band, the immediate technical outlook for the KLCI is still on the bearish side, and the Bollinger Middle Band would also serve as a dynamic resistance for the KLCI.

MACD
Despite the MACD histogram is ticking slightly higher, while showing a chance of a Rounding Bottom formation, the MACD line remains below the signal line, suggesting that the current movement of the KLCI is still bearish dominant.

RSI
Despite the strong rebound on Thursday, the RSI remained below 30%, thus showing that the mid term strength of the KLCI is still weak.

Stochastic
After staying below 10% level, the Stochastic rebounded, but it has not broken above 30%, thus the short term bearish signal is still in place. Generally, the Stochastic has to break above 30% level, in order to break away from the short term bearish territory.

In a Nut Shell
The KLCI is now testing the 200-day MA, which is a generally a divider between a bear and a bull market. If the KLCI should failed to break above the 200-day MA, the risk of entering a bear market is still relatively high.

FBMKLCI 每周技术分析
富时综合指数上周以最高点1282.96点开市，综指全周最低水平是1243.86点，综指上周以1269.16点闭市，按周下跌16.57点或1.3%，全周总成交量为33亿9705万4800股，按周减少9.6%.

主要指标－图形
自综指跌破了L2的趋势线后，综指跌势犹若兵败如山倒，综指节节下跌，并跌破了200天的移动平均线（MA），所以综指不但有进一步转弱的风险，而且也有步入熊市的风险，因为200天MA是熊市及牛市的分水岭。无论如何，在上周四综指出现技术回弹，综指回弹至200天MA的水平（参考箭头A），所以接下来若综指能继续上扬，并且企稳于200天MA以上，那综指将有望避开进入熊市的窘境。

布林频带
布林频带（Bollinger Band）上周继续打开，而综指亦始终处于布林中频带（Bollinger Middle Band）以下，所以综指上周继续下跌。所幸的是布林频带上周四开始收窄，所以这引发了综指回弹，一般上综指回弹的第一目标是布林中频带，这也将是综指的动态阻力水平。

技术指标
成交量
如图中箭头B所示，马股的成交量上周成功的增加至40天的成交量移动平均线（VMA），这显示有投资者选择趁低吸购以及进行短线交易，所以市场交投仍然活跃，若成交量能继续保持在40天平均值，那市场的承接力量将能增加，这将有助于吸纳连续涌现的卖压，使到综指不至于进一步转弱。

平均乖离
平均乖离（MACD）的振荡指标（Histogram）上周继续在零轴以下下滑，所以综指的短期走势亦继续走低，无论如何，在上周四，振荡指标第一次出现收短的情形，这显示振荡指标有形成圆底（Rounding Bottom）的迹象。一般上，若振荡指标出现圆底，这意味着综指的短期走势有止跌回弹的可能。

胜图强弱指标
胜图强弱指标（RSI）上周维持在30%的水平，这显示综指的中期走势继续的处于下跌的格局，以技术而言，综指的转强走势将继续趋软，直到胜图强弱指标上扬突破30%为止。

随机指标
随机指标（Stochastic）上周一度跌破10%的水平，这使到综指的短期走势出现超卖的格局，所以综指在周四出现技术回弹，无论如何，目前综指只算是纯技术反弹，直到随机指标能上扬突破30%为止。

总结
综指上周跌破了200天MA的熊市及牛市分水岭，这使到综指的中长期走势有形成熊市的迹象，无论如何，综指在上周四回弹，综指精确的回到200天MA。接下来若综指能突破并且维持在200天MA以上，再加上布林频带收窄，那综指将有望止跌转强，避开形成熊市及进一步下跌。

Wall St >>> Bulls Hammered The Bears

China Helped But It Was Thor That Hammered Out The Bottom
Concerns about European debt played a large part in the stock market's recent swoon, so it was only fitting that the catalysts for today's relief rally should come from overseas. Apparently all China needed to do to bring the bulls out of their month long hibernation was issue a statement.


Soothed by China shooting down reports it is contemplating unloading its eurozone bonds, the Dow surged 284.54 points and recaptured the 10000 mark on Thursday, rallying around a huge rebound for the beaten-down European currency.

Meanwhile, a beleaguered member of that all-important economic region also boosted sentiment, with Spain's parliament approving an $18 billion package of austerity measures by a single vote. These critical developments in the global economy were a much-needed shot in the arm for bulls on the home front -- and a weekly decline in U.S. jobless claims didn't hurt Wall Street's mood, either. As a result, stocks recovered from their recent beat-down to roar emphatically higher.

By the time the dust settled, the Dow Jones Industrial Average (DJIA – 10,258.99) had reclaimed the 10,000 level -- and then some. The blue-chip barometer surged 284.54 points, or 2.85%, as 29 of its 30 components climbed the charts. Johnson & Johnson was the sole laggard, while American Express, Intel, and Alcoa racked the biggest gains.

However, the Dow's intraday progress was halted near its descending 10-day moving average, which hasn't been surmounted since May 12.

The S&P 500 Index (SPX – 1,103.06) also barreled higher, tacking on 35 points, or 3.3%. In the process, the SPX reclaimed not only its 10-day moving average, but also the round-number 1,100 neighborhood.

Finally, the Nasdaq Composite (COMP – 2,277.68) gained 81.8 points, or 3.7%, to notch the day's biggest percent gain. Like the SPX, the COMP topped off a stellar session by reclaiming a perch above its 10-day trendline. Meanwhile, the CBOE Market Volatility Index (VIX – 29.68) was the day's big loser, dropping 15.3% to end below 30 for the first time since May 13.

CRUDE OIL

Crude futures bolted higher in step with the equities market today, as a renewed appetite for risk swept over Wall Street. Positive economic developments at home and abroad helped to stoke demand for black gold, with the U.S. dollar trading lower against the euro after China's vote of confidence in the common currency. Traders also kept an eye on forecasts for a brutal hurricane season in the Atlantic, which could impact energy production and supplies. Against this bullish backdrop, crude oil for July delivery added $3.04, or 4.3%, to finish at $74.55 per barrel.

GOLD

On the other hand, gold futures ended a three-session winning streak today. The precious metal turned lower as investors gravitated toward higher-risk assets, leaving the popular safe-haven commodity to swallow a modest loss. Gold for June delivery ended the day on a drop of $1.50, or 0.1%, at $1,211.90 per ounce. Meanwhile, the more actively traded August contract gave up 90 cents, or 0.1%, to finish at $1,214.40 per ounce.

Go Son Of Odin >>> Go Go Go!!!

You are my man

Supplementary Link Below :

http://zlbursatheme.blogspot.com/2010/05/thor-will-hammer-out-wall-st-bottom.html

http://zlbursatheme.blogspot.com/2010/05/dow-hammering-out-bottom-this-could-be.html

Thor Will Hammer Out A Wall St Bottom

Thor >>> Son Of Odin God Of Thunder

I am the God Thor
I am the War God;
The Thunderer!
Here in my Northland,
My fastness, my fortress,
Reign I forever!
Here amid the heavens,
Rule I the nations!
This is my Hammer;
Mjolnir the Mighty!
I come in my Chariot of fire,
Rolling in the thunder
The blows of my Hammer;
Ring in the earthquakes!
Giants and socerers
Cannot withstand mighty Mjolnir;
Vanquish thy fear,
For Thor is here!

Viking Mythology
"Thor took the hammer up and swung it around his head. As he did so he uttered a great cry. And the eyes of the Dwellers in Asgard lightened up when they saw Thor with the hammer Mjolnir in his hands: their eyes lightened up and from their lips came the cry: 'This is a wonder, a wonder indeed! With this hammer in his hand none can withstand Thor, our Champion. No greater thing has ever come into Asgard than the hammer Mjolnir."

Thor’s best known tool is his mighty war hammer, Mjolnir. Mjolnir is the weapon wielded by Thor to protect Asgard and Wall Street (hahaha!). In Thor’s hands, Mjolnir IS the lightning and thunder that gives the bears nightmares. Thor is the mightiest of all the Gods, his might is further enhanced by his girdle of strength, Megingjard. Thor gets around the 9 worlds either walking, or in his chariot pulled by his two goats, Tanngniostr and Tanngrisnr.

Watchout Wall St Bears

Thor's Hammer already appear in the chart

You horny bears will feel the Power of Mjolnir tonight

(hahaha! ZL loves folklore)

FKLI >>> The Homing Pigeon Flies Home

Bullish Homing Pigeon

What Does Bullish Homing Pigeon Mean?

A trend indicated by a large candlestick followed by a much smaller candlestick whose body is located within the vertical range of the larger candle's body. In both candlesticks, the stock price has to have closed down from the opening price. This pattern may indicate that there is a weakening of the current downward trend.
If a bullish homing pigeon trend is seen in a chart it may be a good for traders to exit short positions and begin to enter into long positions. The worse the downward movement in the stock, the more likely a closing of a short position should be taken by a trader.

U think ZL can do these charts & article in 15 mins???

You must be seriously joking :D :D

TECHNICAL ANALYSIS : 综合指数 2010年 05月 26日/ Composite Index 26/05/2010

综合指数 2010年 05月 26日
富时综合指数一度回弹并上扬10.14点或0.81%，突破了1254点的费氏阻力线，惟在短线投资者套利及一些投资者止损的卖压下，综指闭市反而下跌1.19点，以1248.94点闭市，重新跌破1254点的费氏线（参考箭头A），所以1254点继续成为综指的阻力水平，支持水平则依然落在1224点的费氏线。

如图所示，综指目前仍然处于200天移动平均线（MA）以下，这显示综指目前长期走势仍然趋软，直到综指重新回到200天MA上为止。以技术而言，若综指不能短期内回弹至200天MA以上，那综指将有步入熊市的风险。

如图中箭头B所示，马股成交量稍微减少1.2%，这使到成交量仍然维持在40天成交量移动平均线（VMA）以上，这是显示市场交投仍然活跃，若成交量能继续保持在40天平均值，那市场的承接力量将能增加，这将有助于吸纳连续涌现的卖压，使到综指不至于进一步转弱。

如图中箭头C所示，随机指标（Stochastic）继续低于10%，这是综指短期走势继续超卖的迹象，当然超卖接超卖是典型的熊市状态，所以若随机指标未能上扬突破30%，那综指的后市将继续看低一线。

综指已经第二的交易日低于在1267.55点的200天的移动平均线，若综指继续维持目前的趋势，那综指将越来越接近确认步入熊市的格局。总的来说，虽然综指仍然受到外围因素的影响，不过若综指能回弹至200天MA以上，这将有助于综指避开长期的熊市。

Composite Index 26/05/2010
Despite opening higher on Wednesday, the KLCI failed to sustain its early gain as investors were rushing to cash out their positions, as a result, the KLCI loss 1.19 points, to close at 1248.94 points, breaking below the 1254 level again, as indicated by A. Therefore, 1254 is now the resistance again while the support is at 1224 Automatic Fibonacci Retracement.

As shown on the chart above, the KLCI remains below 200-day MA, which suggesting that the KLCI long term movement is getting weaker, while moving towards a bear market.

As indicated by B, total market volume declined 1.2%, while still above the 40-day VMA level. This suggests that the bargain buying is still active. If the KLCI should rebound with volume above the 40-day VMA level, it would help lift the market sentiment a little.

As indicated by C, the Stochastic remains below 10%, suggesting that the short term movement of the KLCI is indeed weak. Until the Stochastic could break above 30%, the short term movement of the KLCI remains in place.

In conclusion, the KLCI is now below the 200-day MA for 2 days, and if the KLCI should fail to return to above 200-day MA, the risk of entering a bear market is higher.

The Dow Bottoming With A Hammer? This could be it......

Dow To Continue Hammering Out A Bottom

Not only did the market bulls defend the 2010 lows during Tuesday's plunge, but the late-session rally pushed the Dow Jones Industrial Average (DJIA) back above the 10,000 mark. What's more, with DJIA futures trading roughly 54 points above fair value at time of writing, it appears that the rally may spill over into the open this morning. If the buying mood catches on, traders should keep an eye out for potential short-term resistance in the 10,200 region.

Defination >>> The Hammer
The Bullish Hammer Pattern is a significant candlestick that occurs at the bottom of a trend or during a downtrend and it is called a hammer since it is hammering out a bottom. The Bullish Hammer Pattern is a single candlestick pattern and it has a strong similarity to the Bullish Dragonfly Doji Pattern. In the case of Bullish Dragonfly Doji Pattern, the opening and closing prices are identical whereas the Bullish Hammer Pattern has a small real body at the upper end of the trading range.

Recognition Criteria:

1. The market is characterized by a prevailing downtrend.
2. Then we see a small real body at the upper end of the trading range. Color of this body is not important.
3. We would like to see the lower shadow at least twice as long as the real body.
4. There is no (or almost no) upper shadow.

Explanation:
The overall direction of the market is bearish, characterized by a downtrend. Then the market opens with a sharp sell off implying the continuation of the downtrend. However, prices suddenly turn upwards, the sell-off is quickly abated and bullish sentiment continues during the day with a closing price at or near to its high for the day which causes the long lower shadow. Apparently the market fails to continue in the selling side. This observation reduces the previous bearish sentiment causing the short traders to feel increasingly uneasier with their bearish positions.

Important Factors:

If the hammer is characterized by a close above the open thus causing a white body, the situation looks even better for the bulls.

The Bullish Dragonfly Doji pattern is generally considered more bullish than the Bullish Hammer Pattern and a higher reliability is ascribed to this Doji than the Bullish Hammer Pattern.

The reliability of Bullish Hammer Pattern is only average as it requires confirmation of the implied trend reversal by a white candlestick, a large gap up or a higher close on the next trading day.

Thor Will Hammer The Bears!

Who's THOR?

To Find Out

Stay Tune To ZLBT :D

TECHNICAL ANALYSIS : Composite Index 25/05/2010 / 综合指数 2010年05月25日

Composite Index 25/05/2010
As shown on the chart above, the KLCI breaks below the 200-day Moving Average line, suggesting that the KLCI is entering a bearish market. The KLCI fell 23.56 points to close at 1250.13 points. As indicated by A, the KLCI also break below 1254 Automatic Fibonacci Retracement, and therefore, this is the current resistance for the KLCI while the next support is seen at 1224 Automatic Fibonacci Retracement.

The Bollinger Bands expanded 31%, with the KLCI remains below the Bollinger Middle Band, thus the technical outlook remains bearish biased. Generally, the bearish biased technical outlook shall carry on until the Bollinger Bands should contract.

As indicated by B, total market volume increased 42%, despite the KLCI is falling, this suggests some bargain buying, but sellers are selling at lower price, thus implying some increased of selling pressure, thus further dampen the KLCI sentiment.

As indicated by C, the Stochastic breaks below 10%, suggesting that the KLCI short term movement is indeed weak, but now it is getting over-sold again, and therefore, there is a chance of a technical rebound in the near term, but still, the Stochastic has to break above 30%, in order to signal a technical rebound.

In conclusion, since breaking below the L2 line, the KLCI has fallen 6 days, and even breaking below 200-day MA. If the KLCI should fail to return to above 200-day MA, the risk of entering a bear market would be higher.

综合指数 2010年 05月 25日
如图所示，富时综合指数周二开市低于200天移动平均线（MA），这显示综指已经处于弱势中，随后综指进一步下跌23.56点，以1250.13点闭市。如图中箭头A所示，综指跌破1254点的费氏线，这成为了综指接下来的阻力水平，综指当前的支持水平则落在1224点的费氏线。

布林频带（Bollinger Bands）打开31%，而综指始终处于布林中频带（Bollinger Middile Band）以下，所以综指继续下跌。一般上，综指将继续维持目前的跌势，直到布林频带打开的幅度减低或收窄为止。

如图中箭头B所示，虽然综指下跌1.8%，不过马股成交量反而增加42%，这使到成交量突破了40天成交量移动平均线（VMA），这显示有投资者选择趁低吸购以及短线交易，惟交投的股价被迅速压低同时也加剧了综指的跌势。

如图中箭头C所示，随机指标（Stochastic）重新跌破10%的水平，这显示综指的短期走势进一步下滑，不过综指同时也出现短期超卖的迹象，所以综指随后有出现技术反弹的可能，惟若随机指标低于30%的话，那综指的上扬只是属于纯技术反弹，并不算是短期转强的讯号。

总的来说，综指自跌破了L2趋势线后，综指连续下跌了6日，现在亦跌破了200天MA，这显示综指的长期走势有转为熊市的风险。接下来若综指未能短期内回到200天MA以上，那综指的中长期走势将看低一线。

WALL ST >>> Sell At The Bell; Dow At 3 Months Low

DJIA Ends Choppy Session Down 1.24%

Stocks struggled to pick a direction today, as the Street weighed upbeat housing data and encouraging news from China against newfound concerns about the fiscal health of Europe. Early this morning, the National Association of Realtors said sales of previously owned homes skyrocketed a steeper-than-expected 7.6% in April, marking the best monthly increase in five months as first-time buyers scurried to cash in on a tax credit. Meanwhile, a welcome pledge from China to reform its exchange rate – as well as rumors that the country's central bank will postpone efforts to curb economic growth – initially boded well for the bulls. Nevertheless, news that the Bank of Spain rescued a regional lender for only the second time on record exacerbated fears of Continental debt contagion, and provided more than enough ammunition for the bears to claim the session. Against this backdrop, the major market indexes accelerated their losses in the final hour of trading, with the Dow Jones Industrial Average (DJIA) swallowing a triple-digit deficit.

Stock selling accelerated through the close, with the Dow ending at a three-month low as worries about the global economic outlook overshadowed a bigger-than-expected rise in existing home sales.The Dow Jones Industrial Average (DJIA – 10,066.57) gave up 126.8 points, or 1.2%, as 29 of its 30 components finished in the red. Leading the laggards were financial concerns Bank of America and JPMorgan Chase, while Home Depot bucked the blue-chip trend. Settling at its lowest closing price since Feb. 10, the Dow is now poised to finish the month south of its 10-month moving average for the first time since June 2009. However, the round-number 10,000 level helped to limit the blue-chip barometer's intraday retreat.

The S&P 500 Index (SPX – 1,073.65) ended on a deficit of 14 points, or 1.3%, extending its recent slide beneath its all-too-important 160-month moving average.

Finally, despite a valiant effort to stay in the black, the Nasdaq Composite (COMP – 2,213.55) succumbed to eleventh-hour selling pressure, surrendering 15.5 points, or 0.7%, by the close. Containing the tech-rich index's pullback, however, was support at its 10-month trendline.

After retreating in eight of the last nine sessions, crude futures settled a volatile session in the black today. Despite a stronger dollar, the front-month contract reclaimed support at the round-number $70-per-barrel level, as investors anticipate seasonally strong gasoline demand following the upcoming Memorial Day holiday. By the close, July-dated crude oil futures advanced 17 cents, or 0.2%, to finish at $70.21 per barrel.

Gold futures snapped a five-session losing streak today, as escalating concerns over Europe's economic health boosted the metal's appeal as a safe-haven investment. In fact, gold virtually disregarded a strengthening greenback, which typically spooks holders of foreign currencies from buying the dollar-denominated commodity. Against this backdrop, gold for June delivery added $17.90, or 1.5%, to settle at $1,194 an ounce.

SPANISH FLY

Sports Is Heating Up

Banks Are Melting Down

BEWARE!

This Is The New Game In Town

PIIGS Players

Portugal, Italy, Ireland, Greece, Spain

TECHNICAL ANALYSIS >> 综合指数 2010年05月24日 / Composite Index 24/05/2010

综合指数 2010年 05月 24日
富时综合指数进一步下滑，如图中箭头A所示，综指一度跌至200天移动平均线（MA）的水平，惟综指精确的在200天MA获得扶持而回弹，综指在闭市时回弹至1272点的费氏线以上，以1273.69点闭市，所以综指当前的支持水平仍然是1272点的费氏线，阻力水平亦继续的处于1287.15点及1302点的费氏线。

目前布林频带（Bollinger Bands）打开的幅度为29%，这表示布林频带打开的幅度有减低的迹象，若布林频带开始收窄，那综指将有望出现技术反弹，届时布林中频带（Bollinger Middle Band）将是综指反弹的第一目标。

如图中箭头B所示，马股成交量下降25.3%，这使到成交量再度低于40天成交量移动平均线（VMA）的水平，这意味着整体市场在综指下跌了超过5%后开始出现淡静的格局，这通常发生在综指横摆巩固或走软的时候。

如图中箭头C所示，随机指标（Stochastic）的%K线上扬突破%D线，这显示综指有出现技术回弹的迹象，惟只要随机指标继续低于30%的话，那任何的上扬走势只能算是技术反弹而已，直到随机指标上扬突破30%为止。

总的来说，综指延续上周的跌势，综指在盘中一度跌破200天MA，这是综指熊市及牛市的分水岭，所幸的是综指在此移动平均线获得扶持而回弹，接下来综指若能维持在200天MA以上，那综指将不至于确认形成跌势；换句话说，若综指跌破200天MA，综指将有进入熊市的风险。

Composite Index 24/05/2010
On Monday, the KLCI ended lower, and tested the 200-day Moving Average line. As indicated by A, the KLCI is precisely supported by the 200-day Moving Average line, and closed at 1273.69 points. Support for the KLCI is at 1272 Automatic Fibonacci Retracement while the resistance is at 1287.15 followed by 1302 Automatic Fibonacci Retracement.

The Bollinger Bands expanded 29%, with the KLCI below the Bollinger Middle Band, thus the technical outlook remains weak, until Bollinger Bands should begin to contract.

As indicated by B, total market volume declined 25.3%, with volume obviously below the 40-day VMA level. Therefore, this shows that the market is lightly participated, thus the KLCI is less likely to pick up any strength without sufficient buying interests.

As indicated by C, the Stochastic %K line crosses above the %D line, which is an early signal of a possible technical rebound. However, still, the Stochastic has to break above 30%, in order to signal a technical rebound for the KLCI.

In conclusion, the KLCI downtrend remains intact, while testing the 200-day MA. If the KLCI should break below 200-day MA, it would be a common consensus that the KLCI would be entering a bearish market.

BURSA MALAYSIA >>> Market Overview

FBM KLCI >>> 7 Bloody Days

The FBM KLCI fell for a seventh day in a row, led by a slump in prices at Sime Darby Bhd and among banking stocks.

Of the Top 30 components stocks 3 ended green while 21 were in the red.

The other 6 remain unchanged.

Traders remain cautious amid uncertainties in global equity markets.

The FBM KLCI dropped as much as 1.7% in early trade, after shares in Sime Darby tumbled on worries that cost overruns at its energy and utility division will hit the company's bottomline hard in the second half of its fiscal year ending June 30, 2010.

At 5pm, the benchmark FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) fell 12.04 points or 0.94 per cent to close at 1,273.69, off its intra-day low of 1,264.11, due to persistent selling in key blue chips led by Sime Darby. It had opened 2.77 points lower at 1,282.96.

Dealers said speculation that Europe's debt crisis would cause another global credit-market crisis, dampened buying sentiment on the local market.

"The outlook is not good. Investors are reluctant to take a heavy position at present," a dealer said.

Trading volume declined to 662.44 mil shares worth RM1286.86 mil as compared to Friday's 886.44 mil shares worth RM1763.63 mil. Lagging Movers were SIME (-27 sen to RM7.81), PUBLIC BANK (-14 sen to RM11.52), IOI (-9 sen to RM4.88), MAYBANK (-7 sen to RM7.25) and CIMB (-4 sen to RM6.82). Leading Movers were AXIATA (+3 sen to RM3.64), TNB (+1 sen to RM8.16) and UMW (+3 sen to RM6.28). Market breadth was negative with 415 losers as compared to 252 gainers.

The FBM Emas Index fell 63.58 points to 8,562.09, the FBM70 Index declined 13.23 points to 8,409.80 and the FBM Ace Index dropped 41.41 points to 3,795.32.

The Finance Index meanwhile, eased 78.03 points to 11,512.85, the Industrial Index declined 35.75 points to 2,576.88 and the Plantation Index dipped 73.12 points to 6,016.61.

The Main Market volume declined to 558.770 million shares worth RM1.264 billion from 737.108 million shares worth RM1.731 million last Friday.

The ACE Market volume dropped to 54.074 million shares valued at RM8.410 million from 77.112 million units valued at RM11.290 million previously.

Warrants also fell to 38.253 million shares valued at RM5.542 million against 53.555 million shares worth RM6.440 million last Friday.

REMINDER

The FBM KLCI 200-days Moving Average remains at 1266 points.

The Index had already tested that level with a rebound this morning touching intraday low 1264.11

Above the 200 MA lives the bulls

Below that is BEARLAND

http://i456.photobucket.com/albums/qq281/xodiac88/th_HornyBear.jpg

CAVEAT EMPTOR

Buyers Beware!

Niaga Hadapan MSM >>> CPO berjangka ditetapkan untuk meneruskan Uptrend

Minyak sawit mentah (CPO) harga berjangka di Bursa Malaysia derivatif mungkin minggu depan lebih tinggi pada tindak melalui membeli, kata peniaga.

"Pasar kemungkinan akan meneruskan trading Uptrend, kerana adanya fundamental yang kuat," kata wakil perdagangan Okachi Malaysia Tan Tzer Wei.

Namun, berjangka CPO akan mengambil isyarat daripada pasaran luaran, dengan masalah hutang-zon euro juga diharapkan untuk mempengaruhi harga tempatan, yang "mungkin untuk perdagangan antara RM2, 470 dan RM2, 520 rentang minggu depan," katanya.

Untuk minggu saja berakhir, harga berjangka tersenarai lebih tinggi dan momentum diharapkan untuk terus minggu depan.

Pada dasar-Jumaat ke-Jumaat Jun 2010 meningkat RM61 untuk menetap di RM2, 531 per tan, Julai 2010 meningkat RM55 untuk RM2, 511 per tan, Ogos 2010 ditambah RM14 untuk RM2, 491 per tan dan September 2010 untuk mendapat RM2 RM81 , 480 per tan.

Omset mingguan naik ke 65.969 > 56.647 banyak banyak dari minggu lalu, sementara open interest meningkat menjadi 68.244 kontrak terhadap 65.539 kontrak sebelumnya.

Untuk pasaran tunai, Mei Selatan tersenarai lebih rendah di RM2, 560 per tan berbanding dengan RM2, 500 per tan minggu lalu.