1 hour before closing. As we speak to our clients 15 minutes ago, the real-time data feed on Malaysian CPO below shows what we have clued. The average increase of more than +1% to the nearby contract month would be a nice setup over the holiday. [image: CPO.png]
On Mon, May 16, 2011 at 1:50 PM, positif01 <[email protected]> wrote: > What are we prepared to for Tuesday? It could be a big day for a few and > very little hope for a few other. How should we draw a line between the two? > All knows the key drawback holding all market averages back is with > commodities-created volatility. Well, it is not entirely blamed on them, we > would preferably say this Monday sell off is more on the euro zone sentiment > which is exaggerated with IMF head, Strauss-Khan's personal criminal arrest. > > Other than mixed and twisting sentiment currently being absorbed by global > market, we, however, noted over the weekend that Euro-zone first-quarter > gross domestic product beat analyst expectations with a quarter-on-quarter > rise of 0.8%, including upside surprises in French and German growth. This > should be more lasting effect on this Monday if the Dominique's effect did > not all of sudden come to surface last night. It was also noted that an > agreement on Greece which has dominated the headlines recently on > speculation over the possible restructuring of its debt arrangements is > still intact in the agenda. The International Monetary Fund and European > Union finance ministers were slated to meet late Monday. They were expected > to ratify the Portuguese bailout and may adjust loan conditions for Ireland, > as well as consider the situation in Greece. > > Meanwhile, we do not see a massive free fall of crude oil, and as this note > reaches to our clients we are seeing a strengthening dollar and gold. Even > though, we maintain our position on "Sell in May and Go Away", we do not go > away from all stock. We picked the most resistant stock with perspective > beyond this May, and follow strictly a sector investing approach. In saying > so, we are seeing a positive prospect of short-term turnaround in soft > commodities led by CPO, we are also bullish on selective coal company and > petrochemical. We may add up group industry cement later the week as the > pressure will be waning off. > > As far as Indonesian market is concerned, tomorrow's holiday would become > an enigma for traders as market may be facing a reversal on Tuesday. Some > aggressive traders will suspectedly be taking buying position toward the > closing of today's trading. That may not help IDX move much higher, but that > may be helping themselves to save some handsome profits for their trading > toward this weekend. > > 5-2, pb bo, s, b 4nw : 52 week high pull-back from breakout - sGRO - buy > for next (this) week. > > '+' > > On Fri, May 13, 2011 at 3:48 PM, positif01 <[email protected]> wrote: > >> Don't forget 30 minutes before closing, do this "chicken dance" as in the >> link provided below, and say hi for next week. Tuesday is holiday. >> >> http://www.youtube.com/watch?v=PhjCOiy4f-E&feature=related >> >> Have a nice long weekend! >> >> '+' >> > >
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