Saturday, June 6, 2009

CI & Futures Break New High, but US Dow Jones only up +12.89pts last night.

After Dow Jones went up +79 points, and breaks new high. KLSE & KLCI Spot Month Index Opened Higher and was side way on Friday morning. However, KLSE & KLCI Was very bullish in the afternoon. KLCI Closed High at 1075.50 with a volume of over RM2 Billion. KLCI Futures closed at 1076.6 after hit new high at 1079.



KLCI Futures shows alot of signs of Bullish, however, due to the Slight up of only +12 point for Dow Jones, I think Monday morning will just be another Sideway Morning. Hence I will take profit 1st then wait for any signs of breaking the 1080 resistance before I long or Short Futures.



Morning Session we will need to watch Shanghai and HSI Index Trend, afternoon maybe US Dow Jones Futures & European Markets.

Wish you all the best of Luck on your Monday Trading.

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