Wednesday, November 11, 2009

Holiday is finished.

Alright, I am back, so `work work'. Let see whats happening while I'm gone. 

-The Dow Jones Industrial Average scratched out a fifth straight gain Tuesday as American Express, Kraft, and Bank of America all posted solid gains after making upbeat announcements. The blue-chip measure seesawed through much of the session but broke into positive territory. At the closing bell, the Dow /quotes/comstock/10w!i:dji/delayed (INDU 10,247, +20.03, +0.20%) ended with a 20-point gain, up 0.2%, to a fresh 13-month high of 10246.97, up 4.9% over its five-day winning streak.
-Asian shares mostly ended up Tuesday as financials rose after a strong show on Wall Street, though the gains were capped in some markets as commodity stocks came off their highs and U.S. stock-index futures pointed to a lower opening.         
-Crude futures slipped 38 cents, or 0.5%, to $79.05 a barrel in New York as Tropical Storm Ida faded as a threat to offshore drilling facilities in the Gulf of Mexico. Details about oil trading.

FKLI Daily

FKLI inches up again amid bullish on regional indices and U.S market positive fundamentals. Looks like this market cycle is far from over until over. You will only see the TOP after it happen, usually with another lower high. Stay away from market prediction that attempt to compute the next high or top, the possibilities of getting it right is thin. Looking at the divergence above, it does retrace, but the amount of it may seem minimal. Nonetheless, I am looking at the FKLI to fill the gap up to 1,350 level. I don't know bout you, but I wont be looking at any short set up here, selling at high and buying at low just doesn't work for me.

FCPO Daily

No one would want to believe or trade when you show them the beginning of a trend, period ! This might be the best LONG set up I can see at the moment for FCPO. With series of higher low and higher high, you cant get any LONG set up better than this ! The price may seem ranging at the moment, just draw a flat channel and trade with it. Nonetheless, I am still bullish of CPO at the moment.
Disclaimer: The author is not liable for any loss incur due to this write up and trade recommendations made by this websites.


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