WALL STREET : Stocks Surrender Early Gains on Post-Fed Sell-Off

FED STRIKE A SELL CHORD 

U.S. stocks explored both sides of breakeven today, but ended in the red after the Fed seemingly rained on the bulls' parade. Specifically, despite surprising no one by maintaining rock-bottom interest rates, and essentially standing pat on its economic outlook, buyers hit the exits in the wake of the Federal Open Market Committee (FOMC) policy statement. While some economists attributed the afternoon about-face to a lack of QE3 signals, others said the turnaround was simply due to light volume and year-end liquidations. In any case -- and thanks to a round of lackluster retail sales data and bailout-related rumors out of Germany -- the major market indexes gave up early gains to settle notably lower.

The Dow Jones Industrial Average (DJIA – 11,954.94) explored a range of more than 240 points, but eventually ended with a loss of 66.5 points, or 0.6%, to finish south of the 12,000 level and its 10-day moving average. However, the blue-chip barometer maintained a perch atop its 200-day trendline, which hasn't been violated on a daily closing basis since Nov. 29. Among the index's 30 components, Pfizer (PFE) led the seven advancing equities with a 1.8% gain, while Alcoa (AA) paced the 21 decliners with a loss of 3.3%. Both Boeing (BA) and Merck (MRK) finished flat.

HAPPY TRADING 

Technical Analysis : FBMKLCI 09/12/2011 综合指数 2011年 12月 09日

FBM KLCI 09 December 2011
On Friday, the KLCI gap down, losing 12.79 points or 0.87%, to close at 1460.13 points. As indicated by A, the KLCI broke below the 14, 21, 31 EMA marginally. Support for the KLCI is at 1430 while the resistance remains at 1500 as well as the 200-day MA.

As indicated by B, total market volume fell 20.10%, as investors are staying away from the market amid uncertainties and worries of the Euro zone debt crisis. If volume should remains low, it is actually a sign of a healthy consolidation of the market. Of course, with low volume, the market is less likely to pick up any strength.

As indicated by C, the Stochastic is still falling, breaking below 50%. Generally, if the KLCI were to consolidate in a sideways manner, the Stochastic is expected to fluctuate between 30%~70%.

In conclusion, after being resisted by 1500 as well as the 200-MA, the KLCI enters a consolidation. Despite the KLCI retreat, it has not formed lower-highs, thus not yet showing a downtrend formation. If the KLCI should continue to stay below the EMA 14, 21, 31, then the KLCI short-term technical outlook will be negative.

综合指数 2011年 12月 09日

富时大马综合指数（综指）周五跳空下跌，按日下跌12.79点或0.87%，以1460.13点挂收。如图中箭头A所示，综指稍微跌破了14、21、31天综合加权移动平均线（Exponential Moving Average – EMA）的动态支持线。综指接下来支持水平落在1430点的水平，阻力水平则仍然是1500点及200天的移动平均线。

随着综指继续下调，马股总成交量周五再度减退，减少20.10%。如图中箭头B所示，马股总成交量处于40天的成交量平均线（VMA）以下，这表示马股整体上的交投回到淡静的格局。这表示投资者保持谨慎的态度，同时因对股市缺乏信心，而保持场外观望的态度。一般来说，若综指延续盘整格局的话，那偏低的成交量其实也是很健康的。当然，若成交量继续偏低的话，那马股整体上将难以转强。

如图中箭头C所示，随机指标（Stochastic）在周五继续的下调，并跌破50%水平。以技术而言，若综指维持在横摆的盘整格局的话，那随机指标将会在30%～70%水平之间徘徊。

总的来说，综指自1500点及200天移动平均线遇阻后，进入了盘整格局。虽然综指缓缓下调，但是却还未有形成较低峰（Lower-highs）的特征，这表示综指还未有形成跌势的特征。接下来若综指继续下跌而维持在14、21、31天EMA的话，那综指短期的技术展望将是处于负面的。

 祝你好运 

FKLI Bears Building Downside Momentum

ZLBT's Early Warning System

The consecutive Harami  showed it's potency

 http://zlbursatheme.blogspot.com/2011/12/market-round-up-fbm-klci-fkli-07-dec.html

There was some contradictory signals between the SMAs & the 2 Harami yesterday. It was a hard call for ZL becoz I was in a "Catch 22" situation holding FKLI 1479 LONG and the FKLI closed 1484.5 putting me in the money.

Nevertheless, ZL cannot totally ignore a "flashing sell' signal. Which trader doesn;t want more profits? And remember I was into 5.5 pts profits after FKLI closed yesterday.  

 The maximising & minimising profits & losses policy couldn't be more telling today. The opening gap down said I couldn't get more than the previous day so? No choice but to save a bad situation from getting worse. Managed to escape by the skin of my teeth.

My Positions

1479.0 LONG x 1 overnite holding

1472.5 LONG x 2 Intraday (today)

= 4424 / 3 = 1474.666 or 1475 rounded.

Close all 3 @ 2.41pm  1475.0

Losses = 3 brokerages

That was close, very close 

Market Round-up >>> FBM KLCI, FKLI 07 Dec 2011

Composite Index 07/12/2011

As indicated by A, the FBM KLCI had its intraday low of 1473.68 points, but it managed to rebound after being supported by the 14, 21, 31 EMA dynamic support, ended 2.07 points or 0.14% higher. Resistance for the KLCI remains at 1500 while the support is at 1430 other than the 14, 21, 31 EMA dynamic support.

As indicated by B, total market volume fell 7.65%, but still above the 40-day volume moving average. This suggests that the market is still actively participated. However, since these actively traded stocks are mostly penny stocks, and Call-Warrant, the high market volume is not necessary reflecting the improvement of investors confidence.

As indicated by C, the Stochastic stays above 70%, in the short term bullish territory. This suggests that the short term movement of the KLCI is still positive.

In conclusion, with the KLCI above the 14, 21, 31 EMA dynamic support, the technical outlook for the KLCI is still positive, but the KLCI has not yet resume its uptrend, not until the KLCI could successfully break above 1500 and the 200-day MA. Nevertheless, the KLCI is still likely to consolidate within 1430 ~ 1500.

综合指数 2011年 12月 07日

如图中箭头A所示，富时大马综合指数（综指）周三一度下滑至1473.68点的全日最低点，惟在靠近14、21、31天综合加权移动平均线（Exponential Moving Average – EMA）动态支持线时回弹，按日反弹2.07点或0.14%。综指目前阻力水平保持在1500点的整数水平，支持水平除了是14、21、31天EMA以外就是1430点的水平。

如图中箭头B所示，马股总成交量周三虽然减少7.65%，但是依然能处于40天的成交量平均线（VMA）以上。这表示马股整体上的交投还是属于活跃的。不过，由于活跃交易的股项仍然是低价股及回购凭单（Call-Warrant），因此这成交量随保持活跃，但是却还未是最理想的状况。

如图中箭头C所示，随机指标（Stochastic）至今仍然维持在70%的水平以上，这表示综指短期走势还是维持在偏强的格局，直到随机指标跌破70%水平为止，届时才是综指短期技术调整开始的讯号。

总的来说，由于综指当前还是维持在14、21、31天EMA以上，因此综指目前的技术展望还是处于正面的。不过，综指却还未能恢复涨势，除非综指能够上扬突破1500点及200天移动平均线的阻力水平。否则，综指将维持在1430点至1500点之间的盘整格局。

Bursa Malaysia Top Stocks Outlook 07 Dec 2011 

 FKLI Discount & Premium fluctuations make traders edgy

Technically, there is a little confusion between the bullish SMAs & the bearish looking Harami in the FKLI Daily Chart

 

 

 

 

 

 

 

HAPPY TRADING

Middle Bollinger Rangebound x 30 Stocks 4ur Perusal 06/12/2011

*Note: To qualify in this list above, the first sorting criteria is stock price must have just climbed or stayed ABOVE the middle Bollinger Band, followed by a second criteria that trading volume for the day must be significantly strong. This is a good watch list for momentum traders looking for shortterm BUY ideas, as they are laggards with good upside potential towards the upper Bollinger band or higher to TAKE PROFIT/SELL. 
Caveat: Some stocks may continue to stay range bound and trade sideways, hence traders should refer to their respective charts to spot accumulation (volume growth) or breakout patterns.

 DISCLAIMER

The information contained herein was obtained from sources believed to be reliable. However, we do not guarantee the accuracy and completeness of the report. Opinions expressed herein are subject to change without notice. This report is for information purposes only and should not be construed as an invitation, offer or solicitation to purchase or sell any futures product referred to herein. The Author may from time to time has an interest or position in the futures products or stocks mentioned. There is a risk of loss in trading stocks,futures & derivatives like products.

HAPPY TRADING