Volatile Week Ahead

The Futures & CPO Market for the last few days have been fair volatile. Up and Downs immediately due to the overnight US Market Performance.

Last night (Tuesday Night) US Market Dow Jones went up 236pts. Hence our KLSE Futures market was following the Running Herd and went up almost to 895. Opening higher 5 points higher than previous closing at 894 and then whole day hovering up and down and finally closing at 893.50.

From the charts it looks like KLCI is now stable and is on the uptrend. However, that is still due to be influence by overnight US and other European markets. Charts now days can go haywire if US over nigh market changes dramatically.

For now, the KLCI Charts shows an Uptrend Sign, Moving Average, Stockastics & MACD is slight up. But it is still best to monitor what's happening tomorrow morning. Real Live Trading & Monitor is still required to track the CI Futures Closely.

A few heavyweight Counters of the KLSE Financial Quaterly Results for Year 2008 will be out this Friday. Expect a Volatile Week ahead.

Everyday as I read the newspaper and Financial News, there are more bad news and less good news coming up. Good Year Retrench 5000 Staff World Wide, a few Japanese Listed Companies is filing for Bankruptcy, US Dow Jones & other World Market are now trading at near 1997 (12 Year Low). Looks like US Goverment is facing more headaches ahead.

Alot of poeple view US President Obama as the next biggest thing after Jesus Christ. And they pray that he can save them from this Financial Crisis. If he fails to succeed, then there would be a massive sell down of the World Market to push the indices even Lower. Can you imagine if KLCI goes down to 450-500 Level?