Tech Trader wishes everyone a Selamat Hari Raya to all my Muslim readers our there.
Have a great holiday and have more happy memories with your loved ones! Cheers!
Sincerely,
Tech Trader
Friday, 17 August 2012
Tuesday, 14 August 2012
Morning Updates - 14th Aug 2012
Morning Traders,
US market closed down slightly and mixed as Nasdaq was slightly positive. I remember at one point during the night the market was down by quite significantly.
There will be a host of numbers coming out tonight so be on the look out for that. On the chart, it seems like price has encountered a significant resistance level here and if there is a negative catalyst, a possible downside break could happen.
----
Cash market made a new high again yesterday. Futures turn form discount to premium.
I want to look and see if cash market wants to continue this upward movement. If yes, then shorts need to be careful. Do not discount the possibility of a Malaysia boleh rally again.
But with Hari Raya coming up and public holiday on Monday and Tuesday, I think there will be traders that would be unwilling to hold over such a long holiday so some traders might lighten up their position.
Here are your levels for today:
FKLI
Upper Resistance: 1651, 53, 55, 58
Lower Support: 1649, 47, 44, 42, 40
Cash Index
Upper Resistance: 1650, 52, 54
Lower Support: 1646, 43, 40, 36
Trade safe all.
Best Wishes,
Tech Trader
US market closed down slightly and mixed as Nasdaq was slightly positive. I remember at one point during the night the market was down by quite significantly.
There will be a host of numbers coming out tonight so be on the look out for that. On the chart, it seems like price has encountered a significant resistance level here and if there is a negative catalyst, a possible downside break could happen.
----
Cash market made a new high again yesterday. Futures turn form discount to premium.
I want to look and see if cash market wants to continue this upward movement. If yes, then shorts need to be careful. Do not discount the possibility of a Malaysia boleh rally again.
But with Hari Raya coming up and public holiday on Monday and Tuesday, I think there will be traders that would be unwilling to hold over such a long holiday so some traders might lighten up their position.
Here are your levels for today:
FKLI
Upper Resistance: 1651, 53, 55, 58
Lower Support: 1649, 47, 44, 42, 40
Cash Index
Upper Resistance: 1650, 52, 54
Lower Support: 1646, 43, 40, 36
Trade safe all.
Best Wishes,
Tech Trader
Friday, 10 August 2012
10th Aug 2012 - Morning Updates
Morning Traders,
Alright US closed mixed yesterday somewhat flat-ish. There will be Federal budget balance tonight. the resistance 1408 has yet to be tested on the S&P so we will see what happens tonight. Last two Fridays we rallied right into the end of the week. Would we do the same again this week? Or the opposite? I think it is good to be vigilant and watch price closely.
-------
On the local front, the cash market rallied right into the close and close at 42.52. It actually broke the bear trendline on the cash market chart. However, the futures chart did not confirm and is still trading below its bear trendline.
Being a Friday, I think it is better to be more careful and less adventurous. Either day trade or just sit on the sidelines would be the lower risk options.
Here are your levels for today:
FKLI
Upper Resistance: 1642, 44, 47, 51, 53, 55
Lower Support: 1639, 36, 32, 30, 27
Cash Index
Upper Resistance: 1642, 44, 46, 48
Lower Support: 1640, 38, 35, 33, 30
Trade safe all!
Best Wishes,
Tech Trader
Alright US closed mixed yesterday somewhat flat-ish. There will be Federal budget balance tonight. the resistance 1408 has yet to be tested on the S&P so we will see what happens tonight. Last two Fridays we rallied right into the end of the week. Would we do the same again this week? Or the opposite? I think it is good to be vigilant and watch price closely.
-------
On the local front, the cash market rallied right into the close and close at 42.52. It actually broke the bear trendline on the cash market chart. However, the futures chart did not confirm and is still trading below its bear trendline.
Being a Friday, I think it is better to be more careful and less adventurous. Either day trade or just sit on the sidelines would be the lower risk options.
Here are your levels for today:
FKLI
Upper Resistance: 1642, 44, 47, 51, 53, 55
Lower Support: 1639, 36, 32, 30, 27
Cash Index
Upper Resistance: 1642, 44, 46, 48
Lower Support: 1640, 38, 35, 33, 30
Trade safe all!
Best Wishes,
Tech Trader
Thursday, 9 August 2012
Morning Updates - 9th Aug 2012
Morning Traders,
Alright US market closed flat last night. There will be trade balance and unemployment claims tonight. So far this has been an up-week since the upside break from the consolidation range. Next resistance would be the 1408 on the S&P.
----
Alright.. it has been a quiet few days on our local front. On the daily chart, seems like it has made a lower low. I will only consider to swing a short if we manage to close below the 20ema. Otherwise, I think I would stick to day trading or just sit on the sidelines. Major support would be at 30.
Here are your trading levels:
FKLI
Upper Resistance: 1638, 40, 44, 48, 51
Lower Support: 1635, 32, 30, 26, 24 22
Cash Index
Upper Resistance: 1638, 40, 42, 45
Lower Support: 1635, 32, 30, 27, 25, 22
Trade safe all!
Best Wishes,
Tech Trader
Alright US market closed flat last night. There will be trade balance and unemployment claims tonight. So far this has been an up-week since the upside break from the consolidation range. Next resistance would be the 1408 on the S&P.
----
Alright.. it has been a quiet few days on our local front. On the daily chart, seems like it has made a lower low. I will only consider to swing a short if we manage to close below the 20ema. Otherwise, I think I would stick to day trading or just sit on the sidelines. Major support would be at 30.
Here are your trading levels:
FKLI
Upper Resistance: 1638, 40, 44, 48, 51
Lower Support: 1635, 32, 30, 26, 24 22
Cash Index
Upper Resistance: 1638, 40, 42, 45
Lower Support: 1635, 32, 30, 27, 25, 22
Trade safe all!
Best Wishes,
Tech Trader
Monday, 6 August 2012
6th Aug 2012 - Morning Updates
Morning Traders,
Last Friday I was on leave so there was no updates from me.
Alright. Dow closed up heavy last Friday. Nikkei is up 1.8% now. Dow is now up only 8 points now. Price is trading at a major bear trend line here so that should provide some measure of resistance.
Old boy Bernanko will be speaking tonight and tomorrow night and there will be a host of numbers this week also.
------
Alright.. What to expect today? Well too most of overnight longs have been closed. Would have been nice to close them at this gap up morning.
But anyhow, what can we expect reasonably? We should have strong support at the 30 level for both the cash and the futures.
I won't rush in to re-establish a new long position and would just sit and see how price unfolds first. If price pulls back lower and support holds, then I might go long. Otherwise, I might just see and just day trade only.
Here are the trading levels for today.
FKLI
Upper Resistance: 1638, 41, 43, 46, 50
Lower Support: 1635, 30, 26, 24
Cash Index
Upper Resistance: 1636, 38, 40, 42, 45
Lower Support: 1632, 30, 25, 23
Trade safe all.
Best Wishes,
Tech Trader
Last Friday I was on leave so there was no updates from me.
Alright. Dow closed up heavy last Friday. Nikkei is up 1.8% now. Dow is now up only 8 points now. Price is trading at a major bear trend line here so that should provide some measure of resistance.
Old boy Bernanko will be speaking tonight and tomorrow night and there will be a host of numbers this week also.
------
Alright.. What to expect today? Well too most of overnight longs have been closed. Would have been nice to close them at this gap up morning.
But anyhow, what can we expect reasonably? We should have strong support at the 30 level for both the cash and the futures.
I won't rush in to re-establish a new long position and would just sit and see how price unfolds first. If price pulls back lower and support holds, then I might go long. Otherwise, I might just see and just day trade only.
Here are the trading levels for today.
FKLI
Upper Resistance: 1638, 41, 43, 46, 50
Lower Support: 1635, 30, 26, 24
Cash Index
Upper Resistance: 1636, 38, 40, 42, 45
Lower Support: 1632, 30, 25, 23
Trade safe all.
Best Wishes,
Tech Trader
Thursday, 2 August 2012
Morning Updates - 2nd Aug 2012
Morning Traders,
Alright. US market closed down slightly. Nikkei is up this morning. We also have ECB meeting tonight so trade cautiously.
-----
As for the home front, I am still keeping my long positino from 27 as long as price can still hold up here. If I see a sharp pull back, then I might close the position and secure the profits.
There seems to be sellers around this morning but the cash market seems to be holding nicely still.
Here are your levels for today:
FKLI
Upper Resistance: 1635, 38, 41, 43, 45
Lower Support: 1633.50, 29, 27, 24, 22
Cash Index
Upper Resistance: 1635, 38, 40, 43
Lower Support: 1632, 29, 26, 24, 22
So trade safe.
Best Wishes,
Tech Trader
Alright. US market closed down slightly. Nikkei is up this morning. We also have ECB meeting tonight so trade cautiously.
-----
As for the home front, I am still keeping my long positino from 27 as long as price can still hold up here. If I see a sharp pull back, then I might close the position and secure the profits.
There seems to be sellers around this morning but the cash market seems to be holding nicely still.
Here are your levels for today:
FKLI
Upper Resistance: 1635, 38, 41, 43, 45
Lower Support: 1633.50, 29, 27, 24, 22
Cash Index
Upper Resistance: 1635, 38, 40, 43
Lower Support: 1632, 29, 26, 24, 22
So trade safe.
Best Wishes,
Tech Trader
Wednesday, 1 August 2012
Morning Updates - 1st Aug 2012
Morning Traders,
US market closed down modestly. Dow lost 64 points while S&P drop almost 6 points. Looking at the chart, it looks a bit scary to be honest. The daily looks just like a wave for the past couple of weeks. Up, then down, then up then down, then now up, and I'm wondering if the next is down? I will be watchful for that.
There will be FOMC tonight so all eyes will be on that and some manufacturing data and ADP employment data.
--------
As for our local market, I am still long AUG from 27 and we will see how it goes. If the trend remains strong, I will look to remain long all the way.
But should the selling come in too strong, then I might just secure the profits and reposition after that.
Here are your levels for today.
FKLI
Upper Resistance: 1634.5, 39, 41, 43, 45
Lower Support: 1630, 26, 22, 19, 15
Cash Index
Upper Resistance: 1631, 33, 35, 38, 40
Lower Support: 1628, 26, 23, 20, 17, 15
Alright trade safe everyone!
Best Wishes,
Tech Trader
US market closed down modestly. Dow lost 64 points while S&P drop almost 6 points. Looking at the chart, it looks a bit scary to be honest. The daily looks just like a wave for the past couple of weeks. Up, then down, then up then down, then now up, and I'm wondering if the next is down? I will be watchful for that.
There will be FOMC tonight so all eyes will be on that and some manufacturing data and ADP employment data.
--------
As for our local market, I am still long AUG from 27 and we will see how it goes. If the trend remains strong, I will look to remain long all the way.
But should the selling come in too strong, then I might just secure the profits and reposition after that.
Here are your levels for today.
FKLI
Upper Resistance: 1634.5, 39, 41, 43, 45
Lower Support: 1630, 26, 22, 19, 15
Cash Index
Upper Resistance: 1631, 33, 35, 38, 40
Lower Support: 1628, 26, 23, 20, 17, 15
Alright trade safe everyone!
Best Wishes,
Tech Trader
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