KLCI June Futures new High till 1063 and soften down to 1056.50

After a weak and slow morning, June Futures Contract Rebounded and surge high till 1063 after lunch. It then softens till 1056.50. The Last 1 minutes of 8 points drop of KLCI till 1044.11 shows a sign of caution.

Maybank, Commerz and most Banking stocks shows a sign of downtrend and weakening. Monday night US Market would be affected by the General Motors Company Announcement of Bankruptcy.



US Dow Jones went up almost 96.53 points. Let's assume that KLCI Futures will also follow its trend and go up for about 6 points. It must be the 1063 High to be bullish, but however, remember that KLCI futurers also get's weak after break new highs and slumps down.



My strategy for Monday will be to Sell high and Buy Lower. For day Trade, Sell High 1st then Buy Low. Monitor Buyer & Seller Volume and Monitor MACD and Stokastic.