KLCI & Futures

KLCI - The news of investigations into Aeneas & Priam may have affected sentiment on penny stocks but most analysts don't think it will affect the CI. That remains to be seen. We saw some weakness but that is also due to it reaching close to the strong resistance of 970. There is good support at 953 & the mid Bollinger Band line. A breach of these will be negative. And the futures will play a part too.

Futures - is worse off. It could not stay above the 960 strong resistance & is now at a 6 pts discount to the CI. There is support at 951 & mid BB line. But a breach of this will lead to further selling & possibly will also pull down the CI with it. Generally the CI & Futures are slightly weaker. Will the coup in Thailand cause a bigger fall on Wed? Caution is required this week.

(No charts today bec Blogger is not quite working as well, its not loading the charts).