tag:blogger.com,1999:blog-33147996380036102602012-02-16T19:26:52.840+08:00Where Investors and Traders MeetBennyhttp://www.blogger.com/profile/00418864396329679044noreply@blogger.comBlogger536125tag:blogger.com,1999:blog-3314799638003610260.post-80340477669771222032011-11-22T10:14:00.000+08:002011-11-22T10:14:44.251+08:00

The Eurozone crisis has helped price of crude oil to rise and US dollar to strengthen. Together with expected lower output in November and higher exports, these factors caused price of crude palm oil to rally in the past one month, Crude Palm Oil Futures (FCPO) on Bursa Malaysia increased from RM2,800 levels a month ago to the current price of RM3,248 per metric ton. In my last article, I have

Bennyhttp://www.blogger.com/profile/00418864396329679044noreply@blogger.com0tag:blogger.com,1999:blog-3314799638003610260.post-61717729816294825152011-10-07T11:12:00.000+08:002011-10-07T11:12:38.881+08:00

After falling to a low of 1,353.45 points on Monday the FBMKLCI settled at 1,393.69 points on Thursday. The benchmark index managed to close 6.23 points higher on a week-to-week basis. The market was volatile for the past one week with the FBMKLCI trading between 1,353.45 and 1,403.01 points. Trading volume was relatively lower. 880 million shares were traded on a daily average in the past one

Bennyhttp://www.blogger.com/profile/00418864396329679044noreply@blogger.com0tag:blogger.com,1999:blog-3314799638003610260.post-13192255858415366722011-09-20T09:32:00.000+08:002011-09-20T09:32:58.932+08:00

The price of crude palm oil futures (FCPO) in Bursa Malaysia is still trading sideways in a range between RM2,950 and RM3,080 per metric ton for the past one month. The December futures contract price closed near the range high at RM3,078 on September 16 shows that the market was somehow bullish, which is almost the same level a month ago. It is currently near the resistance level of RM3,100.

Bennyhttp://www.blogger.com/profile/00418864396329679044noreply@blogger.com0tag:blogger.com,1999:blog-3314799638003610260.post-64614662063578747562011-09-15T10:41:00.000+08:002011-09-15T10:41:05.042+08:00

The first feature to note is that the Straits Times Index does not show any end of trend pattern such as a head and shoulders or a rounding top. This doesn't mean the trend will not end, but it makes it more difficult to set downside target objectives. Read more HERE.

Bennyhttp://www.blogger.com/profile/00418864396329679044noreply@blogger.com0tag:blogger.com,1999:blog-3314799638003610260.post-30215396101862665112011-09-15T10:34:00.000+08:002011-09-15T10:34:03.690+08:00

It was a bearish market last week with the FBMKLCI closing 1.8% lower in a week to 1,440 points Wednesday, weighed down by Tenaga Nasional. Market sentiment drops as Greece once again is expected to default and may create a ripple effect in the global economy. For the past one week, the FBMKLCI traded between 1,436.71 and 1,480.33 points. The close near the low shows the market was controlled by

Bennyhttp://www.blogger.com/profile/00418864396329679044noreply@blogger.com0tag:blogger.com,1999:blog-3314799638003610260.post-56074404983975415772011-09-13T20:28:00.000+08:002011-09-13T20:28:47.969+08:00

The equity market rebounded last Wednesday amid after some selling pressure in the earlier part of the week as investors continue to liquidate equity positions in a market that is getting more uncertain. The FBMKLCI closed almost unchanged in the past one week at 1,448 points after trading in a range between 1,443.93 and 1,480.33 points. The close near the low shows that the market is controlled

Bennyhttp://www.blogger.com/profile/00418864396329679044noreply@blogger.com0tag:blogger.com,1999:blog-3314799638003610260.post-85598236806394956562011-09-13T20:25:00.000+08:002011-09-13T20:25:28.431+08:00

Interview on BFM 89.9 Tuesday 13 September 9.10 am Market Talk. Comments on FBMKLCI, Telco and Mah Sing Tune into to FM 89.9 Hz. or log on to www.bfm.my for live radio streaming. Will make podcast available here once BFM uploaded it. Below is the recorded podcast:

Bennyhttp://www.blogger.com/profile/00418864396329679044noreply@blogger.com0tag:blogger.com,1999:blog-3314799638003610260.post-61551683855028508272011-08-22T08:45:00.001+08:002011-09-13T20:40:48.446+08:00

Interview on BFM 89.9 Monday 22 August 9.10 am Market Talk. Comments on FBMKLCI, Airasia, MAS, TSH, IOICorp and SIME. Tune into to FM 89.9 Hz. or log on to www.bfm.my for live radio streaming. Will make podcast available here once BFM uploaded it. Podcast here:

Bennyhttp://www.blogger.com/profile/00418864396329679044noreply@blogger.com0tag:blogger.com,1999:blog-3314799638003610260.post-76661815471192099442011-08-22T08:41:00.000+08:002011-08-22T08:41:11.865+08:00

I was expecting a rebound in the market last month when price of FCPO was hovering above RM3,000. However, the price fell below RM3,000 to a low of RM2,920 before rebounding to settle at RM3,002 on August 19. For the past one month FCPO declined 1.6% after trading between RM2,917 and RM3,164. Price was able to rebound from RM2,917 because of a decline in inventory and rising exports. Trading

Bennyhttp://www.blogger.com/profile/00418864396329679044noreply@blogger.com0tag:blogger.com,1999:blog-3314799638003610260.post-92022304526722526842011-08-22T08:37:00.000+08:002011-08-22T08:37:56.493+08:00

After a sell down two weeks ago in global markets, the markets rebounded last week with bargain hunting activities. Two weeks ago, the FBMKLCI went to an intraday low of 1,423.27 points and last week rebounded to the current level of 1,503.30 points. The index climbed 1.8% in a week after trading between 1,483.42 points and 1,510.54 points. The close near the range high shows that the market is

Bennyhttp://www.blogger.com/profile/00418864396329679044noreply@blogger.com0tag:blogger.com,1999:blog-3314799638003610260.post-54100274785484863042011-08-12T12:40:00.001+08:002011-08-16T00:00:00.107+08:00

Tune in to radio BFM89.9 (FM89.9) (only in Klang Valley) or log on to www.bfm.my for the live broadcast at 9.00 am onwards on 15 August 2011 Podcast available here:

Bennyhttp://www.blogger.com/profile/00418864396329679044noreply@blogger.com0tag:blogger.com,1999:blog-3314799638003610260.post-51476965455596857572011-08-12T12:33:00.001+08:002011-08-12T12:39:12.606+08:00

The last minute agreement of lifting the debt ceiling in the United States has two important results. First it has shaken confidence in the US and the role it has played in global financial stability. Second it confirms the nation is addicted to debt. The debt ceiling can be implemented only by printing more dollars. It leads to an inevitable debasement of the currency and ongoing dollar weakness

Bennyhttp://www.blogger.com/profile/00418864396329679044noreply@blogger.com0tag:blogger.com,1999:blog-3314799638003610260.post-59360146755728486072011-08-12T12:17:00.000+08:002011-08-12T12:17:43.487+08:00

Equity markets went into a major correction after being uncertain for about three weeks. In my last article, I wrote about the market being gripped by bears and little that I expect that the market took a plunge immediately. Together with global markets, FBMKLCI declined 4.5% in a week to 1,476.46 points Thursday after trading in a volatile trading range between 1,423.27 points and 1,529.94

Bennyhttp://www.blogger.com/profile/00418864396329679044noreply@blogger.com0tag:blogger.com,1999:blog-3314799638003610260.post-52813095311931862922011-08-09T03:26:00.001+08:002011-08-12T12:26:51.384+08:00

Tune in to radio BFM89.9 (FM89.9) (only in Klang Valley) or log on to www.bfm.my for the live broadcast 9.00 am onwards. podcast available now: Podcast link: http://bfm.my/market-watch-090811-next-view-benny-lee-klci.html

Bennyhttp://www.blogger.com/profile/00418864396329679044noreply@blogger.com0tag:blogger.com,1999:blog-3314799638003610260.post-83964365718587596732011-08-05T09:34:00.000+08:002011-08-05T09:34:59.584+08:00

Bursa Malaysia direction was uncertain last week and closed slightly lower. The FBMKLCI traded between 1,538.95 and 1,558.84 points before settling at 1,546.89 points Thursday, 5.02 points lower than the previous Thursday’s close. Like the previous week, the index closed in the middle of the trading range which indicates market uncertainty. Trading volume remains firm for the past one week as

Bennyhttp://www.blogger.com/profile/00418864396329679044noreply@blogger.com0tag:blogger.com,1999:blog-3314799638003610260.post-35043360003184205752011-08-02T11:22:00.000+08:002011-08-02T11:22:53.163+08:00

Malaysian Palm Oil Council's Pointers (Palm Oil Internet Seminar).  www.pointers.org.my  8 - 14 August 2011 Click here to register for FREE and access to the presentation slides and post questions: My presentation below: PALM OIL PRICE ANALYSIS AND OUTLOOK - LAST QUARTER 2011 Mr. Benny Lee Other presentations include : GLOBAL OILS AND FATS OUTLOOK - WRAPPING UP 2011

Bennyhttp://www.blogger.com/profile/00418864396329679044noreply@blogger.com0tag:blogger.com,1999:blog-3314799638003610260.post-65647686970156669182011-08-02T11:13:00.000+08:002011-08-02T11:13:09.465+08:00

Market was expected to trade sideways with a bearish bias last week and it did. Market sentiment is still weak despite a rebound earlier last week. The benchmark FBMKLCI settled 0.89% higher in a week to settle at 1,551.91 points after trading between 1,544.96 points and 1,566.58 points. The index close near the low of the trading range indicates that the market was uncertain in the past one week

Bennyhttp://www.blogger.com/profile/00418864396329679044noreply@blogger.com0tag:blogger.com,1999:blog-3314799638003610260.post-91196901721052643862011-07-22T09:18:00.000+08:002011-07-22T09:18:11.570+08:00

Weak market sentiment together with selling pressure two weeks ago continues to pressure the equity market last week. The benchmark FBMKLCI fell 0.9% in a week to settle at 1,565.81 points Thursday. Trading range for the past one week was between 1,552.71 and 1,580.00 points. The close in the middle of the trading range shows that the market was uncertain last week. Trading volume has increased

Bennyhttp://www.blogger.com/profile/00418864396329679044noreply@blogger.com0tag:blogger.com,1999:blog-3314799638003610260.post-24208245230891720382011-07-22T09:00:00.000+08:002011-07-22T09:20:41.428+08:00

The recent development in price and the palm oil market has changed the course of FCPO price direction. The market has been bearish for the past two months on high inventory. For the past one month, FCPO September price was being pressured and went as low as RM3,029 per metric ton before finding support and rebounding to RM3,153 on July 20. The rebound was caused by steady exports and weakening

Bennyhttp://www.blogger.com/profile/00418864396329679044noreply@blogger.com0tag:blogger.com,1999:blog-3314799638003610260.post-6794051178835041102011-07-20T14:49:00.001+08:002011-07-20T14:51:51.132+08:00

This is a market that remains trapped in a sideways movement with rally and retreat behavior. It is bearish in the sense that it is in the lower half of the trading band. There is no indication of a developing strong trend or any strong directional bias, but downtrend pressure is strong. A fall in US markets will quickly push the Hang Seng below support. Downside target is 19000. There is

Bennyhttp://www.blogger.com/profile/00418864396329679044noreply@blogger.com2tag:blogger.com,1999:blog-3314799638003610260.post-41077538849466468342011-07-19T09:01:00.000+08:002011-07-19T09:01:25.060+08:00

Price of gold made fresh highs since last week as investors seek refuge in a commodity that is referred to as the "safe" investment instrument in times of economic and financial market uncertainty. For the past two and a half months, the price of gold was in a correction, creating a triangle chart pattern with a resistance level of US$1577.40 an ounce. Last week, price of gold in COMEX broke the

Bennyhttp://www.blogger.com/profile/00418864396329679044noreply@blogger.com0tag:blogger.com,1999:blog-3314799638003610260.post-9389420569103432042011-07-19T08:38:00.000+08:002011-07-19T08:38:17.420+08:00

Next View Sdn Bhd Chief Market Strategist Benny Lee tells us what's ahead for the market this week post-eurozone stress test results and pre-June CPI announcement for Malaysia, and where support and resistance levels are for FBM KLCI. He also discusses the property sector from a technical perspective as CLSA has downgraded the property sector rating to neutral from overweight, as well as MAHB.

Bennyhttp://www.blogger.com/profile/00418864396329679044noreply@blogger.com0tag:blogger.com,1999:blog-3314799638003610260.post-39672092401147807212011-07-18T09:21:00.000+08:002011-07-18T09:21:55.894+08:00

I was expecting an immediate pull back last week and the index did pullback but after closing at a new historical high of 1,594.74 points last Friday before settling at 1,579.84 points Thursday. On a week-to-week basis, the index closed only 10 points lower after trading in a volatile range between 1,574.52 and 1,597.08 points. Average daily trading volume for the past one week has declined to

Bennyhttp://www.blogger.com/profile/00418864396329679044noreply@blogger.com0tag:blogger.com,1999:blog-3314799638003610260.post-52316089499471591462011-07-13T08:59:00.000+08:002011-07-13T08:59:47.441+08:00

I was expecting an immediate pull back last week but the FBMKCI only pulled back after closing at a new historical high of 1,594.74 points last Friday before settling at 1,578.10 points Tuesday. On a week-week basis, the index was almost unchanged after trading in a volatile range between 1,574.52 and 1,597.08 points. Average daily trading volume for the past one week has slightly increased to

Bennyhttp://www.blogger.com/profile/00418864396329679044noreply@blogger.com0tag:blogger.com,1999:blog-3314799638003610260.post-2397728928372299622011-07-12T12:04:00.000+08:002011-07-13T09:05:50.410+08:00

Benny Lee, Chief Market Strategist of Next View Sdn Bhd talked about the likelihood of FBM KLCI hitting 1,600 this week. Support and resistance levels at 1,585 and 1,605. Top picks for this week are MISC and Muda Holdings.

Bennyhttp://www.blogger.com/profile/00418864396329679044noreply@blogger.com0