tag:blogger.com,1999:blog-2251452817920997422024-03-13T18:03:33.769+08:00INVEST LOBBYWhere traders and investors meetadminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.comBlogger502125tag:blogger.com,1999:blog-225145281792099742.post-30276748068930156342010-01-06T14:13:00.004+08:002010-01-06T14:44:35.372+08:00Kuala Lumpur Composite Index: Expect a slightly bullish start with improved volumeLast week was slightly bullish with lower trading volume despite being the last week of the year 2009. The FBMKLCI rose for three consecutive days since the previous week but failed to close higher on Thursday. On week-to-week basis, the FBMKLCI still managed to close about 10 points higher from 1260.53 points to 1,271.12 points. The index went as high as 1,275.29 points. Average daily trading adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-34258460196090054042009-12-07T07:38:00.000+08:002009-12-07T07:38:00.248+08:00Kuala Lumpur Composite Index (FBMKLCI): Stronger resistanceThe market was awakened by the news from Dubai Monday after a holiday last Friday for the Aidil Adha celebration. The market took a small plunge on Monday after Dubai World, an investment company which manages and supervises a portfolio of businesses and projects for the Dubai government across a wide range of industry segments, seek delay in debt payments. This caused fear across markets and adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-27981277233999856772009-12-03T19:06:00.000+08:002009-12-03T19:06:00.504+08:00US Dow Jones Industrial Average (DJI) – Momentum indicators are neutralInvestors in the US were startled by Dubai’s debt problems on their national holiday celebrating thanks-giving Thursday. The panic caused investors to sell on Friday and this caused the DJI to fall 154.48 points or 1.48% to close at 10,309.92 points. The DJI went as low as 10,231 points intraday before rebounding to close higher. On the last day of November, the DJI slightly rebounded to close atadminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-25324817285854554132009-12-03T07:32:00.001+08:002009-12-03T07:32:00.159+08:00Hong Kong Hang Seng Index (HSI) – Stronger bearish pressureAs one of the major financial hubs in Asia, the Hong Kong equity market took a plunge after Dubai announced having problems in paying its debts which caused investors to worry about another financial crisis. The HSI gapped down and fell slightly more than 1,000 points or 4.8% on the 27th November to close at 21,134.50 points. However, the market rebounded at the end of the month to close at adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-29152091930183503362009-12-02T19:34:00.000+08:002009-12-02T19:34:00.219+08:00TRADING TOOL COMPATIBILITY Part II by Daryl GuppyThis article is in two parts. Click here for Part 1The next most important issue is indicator compatibility. Determining this starts with a visual chart inspection and is based on the first step in analysis shown above. The chart example shows a rising trend from March through July. In this sense it meets the trending criteria we look for in the first question. However, this stock does not meet adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-4450690615179780212009-12-02T12:40:00.000+08:002009-12-02T12:40:00.449+08:00Benny Lee on BFM 89.9Shares on Bursa Malaysia rose today, with the FBM KLCI gaining 0.6% to 1,266 points on a technical rebound, according to Benny Lee, Chief Market Strategist of NextVIEW. He believes that in the short term, upside potential for the market is very limited and looking at the FBM KLCI there is a strong resistance at 1,290-1,300 points. He advises investors should stay away from the market until the adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-23495242949142670862009-12-02T07:40:00.001+08:002009-12-02T07:40:00.892+08:00FTSE Straits Times Index (FTSTI) – Head towards immediate support levelIn Mid-November, the FTSTI managed to test the 2,700 points immediate resistance level and rallied to the next resistance level at 2,800 points, climbing to as high as 2803.83 points. However, the market fell steeply in the last two trading days of the month by falling about 70 points or 2.5% to close at 2732.12 points. On a month-to-month basis, the benchmark index was still able to close adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-54273810067527642722009-11-30T12:54:00.001+08:002009-11-30T12:54:00.622+08:00USD/CHF: A market rally will soon be overdue.Support at 1.0032 held until near the end of November. The February 18th, 2008 low of .9784 is almost certain to be tested in the next short while. There is minor support at .9934. Beyond that the way is fairly clear to the 15 year low of .9784, mentioned above.Other downside targets range to .89 and beyond, however a market rally will soon be overdue.TECHNICALSKELTNER CHANNEL – Framing adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-43369066574505064082009-11-30T08:49:00.002+08:002009-11-30T08:54:02.904+08:00GBP/USD :Expect a test of the August high in the near futureGBPUSD has performed more poorly than expected for most of November.Although its’ rise from March to August/09 seemed to be impulsive, the last 4 ½ months have failed to produce much follow-through momentum. Strong resistance at 1.7042 can be traced to previous levels of support and resistance as far back as 2005, and even 1998. Combinations of previous resistance and support create some of theadminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-39970889245479286712009-11-26T07:49:00.001+08:002009-11-26T07:49:00.658+08:00Malaysia FBKLCI: Sideways with downward biasLast week’s market performance was almost a non-event as the market was relatively quieter and lower in volatility. After two consecutive weeks of making new highs for the year, the benchmark FBMKLCI failed to make a new high last week. The index closed at 1,271 points Wednesday, 4 points lower than previous Wednesday’s close. Average daily trading range was only 5.6 points against 7.5 points in adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-33950760001218333302009-11-24T07:45:00.000+08:002009-11-24T07:45:00.082+08:00TRADING TOOL COMPATIBILITY by Daryl GuppyThis article is in two parts. Watch out for Part 2Although we try to explain the processes of trading clearly there is no escape for the fact that trading is a complex activity. A successful trade brings together many different features. It includes the right selection of indicator tools appropriate for the type of trade. It includes selecting a type of trade that is compatible with our trading adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-75124153615907314322009-11-23T13:28:00.004+08:002009-11-23T13:34:00.578+08:00Benny Lee on BFM 89.9Benny shares his views on Bursa Malaysia FBMKLCI and CPO Futures, US dollars and Airasia. adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-8764707798072563962009-11-20T12:50:00.000+08:002009-11-20T12:50:00.417+08:00KL Composite Index (FBMKLCI): Expected to move into a correction anytime soonThe market continues to make new highs last week but was not able to sustain and immediately pulled back. Resistance is getting stronger, as mentioned last week. The FBMKLCI went as high as 1,288.42 points, highest since May last year before pulling back to close at 1,276.65 points Thursday. The benchmark index still managed to close higher but only 4.9 points from the previous week. Last week, adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-91944836122127521952009-11-13T14:07:00.002+08:002009-11-13T14:10:43.034+08:00Bursa Malaysia FBMKLCI: Resistance getting strongerThe FBMKLCI managed to inch up higher last week but still short of the 1,300 points expected target. Last week, the benchmark index went as high as 1,279.52 points and closed at 1271.75 points Thursday. One a week-to-week basis, the index rose 17.79 points or 1.4%, slightly higher than the increase in the previous week. On Thursday, there is evidence of support when the market rebounded in the adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-88623843233094235142009-11-12T12:42:00.000+08:002009-11-12T12:42:00.300+08:00Benny Lee on BFM 89.9adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-70865700268721135272009-11-12T07:55:00.000+08:002009-11-12T07:55:00.204+08:00Gold Analysis and ForecastThe long term potential for Gold is higher than what we’ll discuss in this article. My primary purpose here is to identify and confirm trend, and determine as best we can the logical price targets for gold during the month of November. The market continues to be very bullish, although there is evidence of temporary weakening momentum.Click HERE to continue reading this analysis and forecast by adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-41983229338609954512009-11-11T07:47:00.000+08:002009-11-11T07:47:00.301+08:00EURO / US DOLLAR ANALYSIS and FORECASTIs EUR/USD ready for a big swing down?I ask myself that question because this currency pair appears to be sitting at an important crossroad. It’s received some support from a six-month old rising trend line and hasn’t moved far from there for several days.On October 26th, it completed a five wave move up that began on August 17th/09. Generally after five waves a fairly large correction can be adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-6811288144053406122009-11-11T07:26:00.000+08:002009-11-11T07:26:00.125+08:00USD / SWISS FRANC ANALYSIS and FORECASTUSD/CHF reached a logical downside target of 1.0032, and that was within last month’s second level of support at S2 (S1 on the current chart).It also appears that since July 31st to the present time there has been a move of five waves, indicating that either a relatively strong corrective rally is due, or that a mid-term low is firmly in place.At time of writing a few days of bullish activity adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-8129147966024174572009-11-10T19:33:00.000+08:002009-11-10T19:33:00.303+08:00Vietnam VNI Index Analysis and ForecastAfter a strong performance in the past few months, the Vietnam equity market went into a correction in the last week of October. Despite the bullish trend, the momentum was weak, as indicated by the momentum indicators last month. The benchmark VN Index in Ho Chi Minh found resistance at 633.21 points on the 23rd of October and pulled back to close at 587.12 points. On month-to-month, the VN adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-76032284796019052222009-11-10T08:05:00.000+08:002009-11-10T08:05:01.041+08:00Crude Palm Oil Futures Commentary and ForecastThe price of FCPO continues to trade in a sideway range between RM2,070 and RM 2,240 per metric ton. Traders can continue to trade at these ranges by buying near the lower range and sell at the higher range. Last month created this opportunity as the price of FCPO went as low as RM2,013 and as high as RM2,250. The price of FCPO is currently at RM2,208. The market did not rally despite re-plantingadminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-49020834464153676862009-11-10T07:45:00.001+08:002009-11-10T07:45:00.339+08:00Thailand: SETI Bullish momentum is still strongThe Thai equity market was generally bullish in the beginning of October and the (Stock Exchange of Thailand Index (SETI) made a new 13-month high at 758.55 points. The market turned into a very volatile mode starting middle of last month when investors have generally lost confidence as the country’s positive sentiment was setback again by political protests. The recent speculation that HM the adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-17511405023785450742009-11-09T22:17:00.001+08:002009-11-09T22:20:10.347+08:00FBMKLCI possibly heading for 1,300The equity market rebounded technically on the 30-day moving average after correcting from a high of 1270.44 points about three weeks ago to a low of 1233.45 points last week Monday. The low was exactly on the short term 30-day moving average and the FBMKLCI is currently at 1,253.96 points. The market was bullish the whole of last week with fresh news from the US economic data which shows furtheradminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-6203634607519111362009-11-05T19:20:00.002+08:002009-11-05T19:20:00.275+08:00Crude Oil Support level at US$75The price of crude oil broke above the resistance level of the immediate down trend channel on the 9th October. End September, the price of crude oil was at US$66 and was expected to rebound, as I have commented last month. Oil went above the resistance level at $72 and rallied to $81 before settling at $77 on 30th October. The short term 30-day moving average which was declining last month has adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-83842383055215175762009-11-05T14:44:00.003+08:002009-11-05T14:53:19.919+08:00Rubber (TOCOM): Support level at JPY$200.Rubber prices (based on Tokyo Commodities Exchange (TOCOM) RSS3 futures) continue to soar 15.5% from JPY$200 last month to a one year high of JPY$231.20 after the price broke the JPY$220 resistance level in mid October. Rising demand and increase in crude oil price helped boost rubber price. Price is in a good healthy up trend. The short to long term 30 to 90-day moving averages continue to adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0tag:blogger.com,1999:blog-225145281792099742.post-39889475343929423612009-11-04T08:46:00.003+08:002009-11-04T08:52:25.699+08:00CLASSIC AND CONTINUATION CHARTS by DARYL GUPPYIn the newsletter we use several varieties of chart displays. This includes two colour candle stick charts produced with GTE charting. The standard candle display with Metastock and many other US derived programs is to give a four colour candle chart. This, along with our recent articles on candle stick trading methods, has prompted many questions from readers so we look at the differences adminhttp://www.blogger.com/profile/15928720533451905492noreply@blogger.com0