WALL STREET >>> The Dow Intraday, Daily and Weekly with Technical Formations 04/09/2010

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WALL STREET Cheer Jobs Data
The Dow Jones Industrial Average (DJIA – 10,447.93) finished near session highs today, adding 127.83 points, or 1.24%, by the closing bell. In fact, all of the Dow's 30 blue chips settled north of breakeven, led by JPMorgan Chase and Cisco System.
While the Dow's intraday rally ran into resistance in the 10,450 region, the blue-chip barometer still managed to negate its year-to-date deficit, and settle the week atop its 20-week moving average for only the third time since late April.
For the week, the Dow added 2.9%, and already boasts a month-to-date gain of 4.3%.

The S&P 500 Index (SPX – 1,104.51) ended with a gain of 14.4 points, or 1.3%, to settle atop the 1,100 level for the first time since Aug. 10. For the week, the broad-market index tacked on an impressive 3.8%, bringing its month-to-date advance to 5.3%.
Not to be outdone, the Nasdaq Composite (COMP – 2,233.75) rallied 33.7 points, or 1.5%, toppling its 10-week moving average for the first time in a month. For the week, the tech-rich index gained 3.7%, extending its September lead to an impressive 5.7%.

HAPPY WEEKEND

TECHNICAL ANALYSIS FBM KLCI > 03/09/2010 / 综合指数 2010年 09月 03日

FBM KLCI 03/09/2010

As indicated by A, the FBM KLCI retreated slightly on Friday, to close at 1435.67 points, fell 5.4 points. Since the KLCI is now testing the 1436 level, while falling marginally below this level, the immediate support for the KLCI shall remain at 1436 level.

As shown on the chart above, the Bollinger Bands contracted 1%, suggesting that the KLCI is still consolidating. Generally, the target of a consolidation or a technical correction is the Bollinger Middle Band. With the KLCI above the Bollinger Middle Band, the immediate technical outlook shall remain positive.

As indicated by B, total market volume fell 14.2%, but still above the 40-day VMA level. This suggests that the overall market is still actively participated, as the market sentiment as a whole is still on the positive side.

As indicated by C, the MACD is still rising, suggesting that the KLCI is still trending up. Meanwhile, if the MACD histogram should form a Rounding Top, it would suggests that the KLCI is gradually losing strength in this uptrend.

In conclusion, the KLCI is testing the 1436 level, and if the KLCI should return to above 1436, and stand firmly above it, there is a good chance that the uptrend would carry on.

综合指数 2010年 09月 03日

如图中箭头A所示，富时综合指数稍微回软，以1435.67点闭市，按日下滑5.4点。综指目前只稍微低于1436点的费氏阻力线，所以综指并未能确认是否跌破了1436点的支持水平，通常接下来若综指在短期内能重新回弹至1436点以上，综指仍然有望获得1436点的费氏线扶持。

如图所示，布林频带（Bollinger Bands）收窄1%，这表示综指目前仍然处于调整巩固的格局中，直到布林频带再度打开为止。一般上，当综指出现调整时，综指调整的第一个目标是布林中频带（Bollinger Middle Band），综指也将有望在此获得扶持，所以布林中频带亦是综指当前的动态支持线。

如图中箭头B所示，马股的成交量在综指调整时减少14.2%，不过成交量仍然高于40天成交量移动平均线（VMA），这表示市场的交投仍然活跃，若成交量能继续的保持在40天平均值，这意味着市场有足够的承接力量，这将有助于市场吸纳套利的卖盘，使到综指维持在上扬的格局。

如图中箭头C所示，平均乖离（MACD）继续缓缓的上扬，所以综指的中长期走势亦随之上扬，以中长期来说，综指将有望继续走高，直到平均乖离跌破零轴为止。不过综指的短期走势则视乎平均乖离的振荡指标（Histogram），若振荡指标形成一个圆顶（Rounding Top），那综指短期将出现调整的走势。

总的来说，综指仍然处于1436点的水平左右，所以综指仍然有被此费氏线阻碍而下滑的风险。所以接下来综指必须上扬，再度企于1436点以上，综指才能避开这阻力，上探更高的水平。

HAPPY WEEKEND

Minyak Sawit Mentah (Crude Palm Oil)

MSM naik berikut harga krud dan minyak soya

Minyak sawit mentah di bursa derivatif Malaysia kebanyakan berakhir lebih tinggi Khamis, kerana pelabur memuat isyarat dari keuntungan harga minyak mentah dan soyoil dan menutupi kedudukan posisi pendek, membantu pasaran sebaliknya kerugian intraday itu dipertahankan kerana menjangkakan kenaikan inventori.

Kontrak November benchmark dalam Bursa Malaysia Derivatives berakhir MYR7 lebih tinggi di MYR2, 542 per metrik tan selepas bergerak dalam sebuah MYR2 ,529-MYR2, rentang 548/ton.

Akhir-Ogos peringkat persediaan mungkin melampaui anggaran sekitar 1,5 juta tan sebagai pengeksport Indonesia pindah ke Malaysia kargo menjelang kenaikan cukai minyak sawit eksport Indonesia, penghantaran eksekutif dan peniaga berkata kepada Dow Jones Newswires.

FBM KLCI Futures >>> Market Overview 02 Sept 2010

FKLI close firmer inline with cash market
THE FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) futures contracts on Bursa Malaysia Derivatives closed mostly higher yesterday in line with the cash market, dealers said.

September 2010 rose 1.5 points to close at 1,437.0, October 2010 fell 1.5 points to 1,437.0, December 2010 climbed 3.5 points to 1,439 and March 2011 went up 5.5 points to 1,435.5. Turnover increased to 8,602 lots from Wednesday’s 7,208 lots while open interests climbed to 17,915 contracts from 17,768 previously.

The underlying FBM KLCI surged 9.11 points to 1,441.07.

TECHNICAL ANALYSIS FBM KLCI > 2010年09月01日/ 01/09/2010

综合指数 2010年 09月 01日

如图中箭头A所示，富时综合指数进一步上扬，一度上探至1436点的费氏线，这是上周一直提到的阻力水平，所以精确的在此水平遇阻，这意味着1436点继续的成为综指当前的阻力水平，支持水平则保持在1400点的心理支持水平。

如图所示，布林频带（Bollinger Bands）打开3%，这表示虽然综指上扬的趋势继续的遇到一定的阻力，不过综指依然保持上扬的格局，一般上，只要布林频带继续打开，综指的后市将有望更上一层楼。

如图中箭头B所示，马股的成交量增加24.1%，这使到成交量再度突破40天成交量移动平均线（VMA）的水平，这意味着市场的交投量重新回到了活跃的水平，这增加的交投使到市场承接力量提升，将有助于综指继续走强。

如图中箭头C所示，随机指标（Stochastic）依然保持在70%以上，这是综指短期走势偏强的讯号，随机指标更陆续高于90%的水平，这是在综指短期走势强劲的讯号。一般上，综指将继续保持短期上扬的格局，直到随机指标跌破70%为止

。
总的来说，综指有越战越勇的迹象，无论如何，综指精确的在1436点的费氏线遇阻，这表示综指仍然受到此阻力的阻碍，由于这是综指在2008年2月的头肩顶（Head and Shoulders）的右肩阻力水平，有一定的技术阻力。接下来，综指必须续获得布林中频带及14、21、31天加权移动平均线（EMA）的扶持，进而突破此阻力，综指才有望上探1500点的水平。

FBM KLCI 01/09/2010

Figure of arrow A shows the FBM KLCI rose higher, once the probe to the 1436 point Fibonacci Retracement which is referred to the resistance level last week. Difficult at this level, which means 1436 points, the KLCI continue to face headwinds into the current resistance level. The technical support remains at the psychological 1,400 points.

As shown, today's gain causes the Bollinger Bands to expand 3%, this means that although the upward trend continues the FBM KLCI encountered more resistance. But the pattern of the KLCI remains optimistic generally, as long as theprices stay above Mid BB and the Bollinger Bands continue to expand the KLCI's market outlook is expected to scale new heights.

Figure of arrow B show shares trading volume increased 24.1%, which makes another break above the 40 days volume moving average (VMA) level, which means that the market returned to the active level, to undertake additional efforts to enhance market trading so that will help the FBM KLCI continued strength.

Figure of arrow C shown in Stochastic remained above 70%, which is short-term trend KLCI stronger signal, random targets more than 90% level after another, this is a strong trend in the short term KLCI signal. Generally, the KLCI will continue to maintain the pattern of short-term upside until the Stoch falls below 70%.

Overall, the KLCI have overheating signs, in any case, the KLCI precise point is the 1436 Fibonacci Retracement, which means that the KLCI will be hampered by the said resistance.

Since this is the KLCI level in February 2008 the head and shoulder top (Head and Shoulders) of the right shoulder resistance level, there are some technical obstacles ahead.

Next, the KLCI continued to be well supported by the Mid BB and the Exponential Moving Averages 14,21,31 days weighted moving average (EMA) of support, and if can possibly break through the 1436 resistance, then KLCI is expected to attempt the 1500 point level probe.

HAPPY TRADING