Yesterday
The Market close on 1281, while Futures close on 1287. With 6points premium? I dont know why, but it should be looking like that(in my oppinion).
While the local and global market both looking bad at the moment the Market's Futures should be at discount compare to KLCI. A simple fact that the market should not have enoough confindent to risk so much over the night specially those who long(buying a futures contract up).
I had all my client short(buying a futures contract down) it at 1286. So for now we only have to wait and see.
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Market preview
As i mention abovei am the Futures to turn discount some times later today, if not tomorrow. So i am expecting the futuresmarket to trade around 1277 at the moment.
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Oil
Remain a huge influence on the market. The Oil price had now rise to 134.30! Opps...
look like most market is going to hit another low!
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Foreign Market
Dow Jones down 227
Nikkei down 230
Singapore not trading yet
all tyhe best to all trader out there
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