Failure for FBMKLCI gain momentum on the upside.

FBMKLCI (15 minutes chart)

FBMKLCI has been in the negative territory throughout the day after Dow recorded a loss of 39.51 to close at 11052.49. FBMKLCI close day low at 1485.23 recording a loss of 10.72 points reversing 0.72% of the market cap. Among the biggest loss in % on the index linked counters are YTLPOWR, MAYBANK and PPB with a loss of 1.98%, 1.96% and 1.65% respectively.

A new downtrend line emerge as prices extends. The new downtend line seem to still be intact although it has been tested over and over again for the past few days.

Immediate support for FBMKLCI is viewed to be at 1476 at this juncture.

FKLI (15 minutes chart)

FKLI opened low amid Dow's overnight weak performance and traded below yesterday's closing throughout the whole day. December futures traded 6.5 points discount over the spot month future where the spot month future settle at 1488.5. Immediate support is to lie at 1467.5 where breaking this low would probably attract new selling interest.

Immediate resistance : 1502, 1508

Immediate support : 1482, 1467 

FBMKLCI to expect further upside

FBMKLCI (15 minutes chart)

FBMKLCI closed dramatically higher with a 4.5 points jump upon closing to close at the positive territory. FBMKLCI has been trading at the negative territory throughout the whole day to only entered the positive territory at the last quote during closing. Stocks to contribute to such closing is attributable to Sime, UMW and Petgas to close at their respective day highs.

*FBMKLCI seem to broke the immediate downtrend line at least for the short term outlook.

FKLI (15 minutes)

Futures been trading in the positive territory during the afternoon session amids the positive sentiment which kicks in as dow futures improve over the afternoon session. December futures (next month) surpasses spot month contract here and then amid speculation towards better index pricing upon going through the November month.

Resistant : 1508

Support : 1482

*FCPO also improves about 3% amid speculation on stronger demand.

FBMKLCI and Index futures testing resistance

FBMKLCI (15 minutes chart)

FBMKLCI made a short recovery after an approximate drop of 30 points 2 days back. FBMKLCI recovered 20 points from its low of 1476.82 to close at 1496.49 today. Turnover for the day is about 1.4B throughout the day and is still seen in line with the short term down trend line. However, a sharp pullback since the low of 1476 could mean market to be relatively strong and reluctant to navigate lower.

FKLI (15 minutes chart)



The Spot Index Futures made a relatively drastic recovery off the low of 1467.5 to close at 1499.5 today. The futures manage to close above the downtrend line due to mainly short covering due to a slight change of market sentiment. Asean indexes made a slight recovery as tension in the Korea eases.

Immediate resistant : 1508
Immediate support : 1482

DJIA likely consolidating.

Dow Jones been consolidating recently at a considerable rate after a recent run up which last about 2 months has brought the index up about 1400 points. It has not been going through any consolidation since then till now. A healthy retracement would suggest a 50% retracement to about 10700 point level.
Amid recent issues on tension in the Korea borders as well as various sovereign debt issues, the index has been holding quite strong at the immediate support though. A breakdown at 11000 points would trigger new selling pressure and bring it down to the next immediate support.

Support is currently stood at 11,000 , 10,850 and 10,700 respectively.
Resistance is currently stood at 11,250 and 11,450 respectively.

Top 10 Dividend List (U.S)

1 American Capital Agency Corp. (Nasdaq: AGNC) yield: 19.03
- American Capital Agency Corp. (AGNC) is a real estate investment trust (REIT). AGNC earns income primarily from investing in residential mortgage pass-through securities and collateralized mortgage obligations.

2 Annaly Capital Management, Inc (NYSE: NLY) yield: 15.41
- Annaly Capital Management, Inc. (Annaly) owns, manages and finances a portfolio of real estate related investment securities, including mortgage pass-through certificates, collateralized mortgage obligations (CMOs), agency callable debentures, and other securities representing interests in the obligations backed by pools of mortgage loans.

3 Hatteras Financial Corporation (NYSE: HTS) yield: 15.36
- Hatteras Financial Corp. is an externally managed mortgage real estate investment trust (REIT).

4 Anworth Mortgage Asset Corpora (NYSE: ANH) yield: 14.57
- Anworth Mortgage Asset Corporation (Anworth) is in the business of investing primarily in United States agency mortgage-backed securities (MBS), which are obligations guaranteed by the United States government.

5 Magic Software Enterprises (Nasdaq: MGIC) yield: 14.49
- Magic Software Enterprises Ltd. develops, markets, sells and supports an application platform and business and process integration solutions.

6 Capstead Mortgage Corporation (NYSE: CMO) yield: 14.25
- Capstead Mortgage Corporation (Capstead) operates as a self-managed real estate investment trust (REIT).

7 IncrediMail, Ltd. (Nasdaq: MAIL) yield: 13.64
- IncrediMail Ltd. (IncrediMail) is an Internet content and media company.

8 MFA Financial , Inc. (NYSE: MFA) yield: 11.45
- MFA Financial, Inc., formerly MFA Mortgage Investments, Inc. is a real estate investment trust primarily engaged in the business of investing, on a leveraged basis, in residential Agency and Non-Agency adjustable-rate mortgage-mortgage-backed securities (ARM-MBS).

9 Artesian Resource Corporation (OTC: ARTNB) yield: 11.3
- Artesian Resources Corporation (Artesian Resources) operates as the parent holding company of Artesian Water Company, Inc. (Artesian Water), Artesian Water Pennsylvania, Inc. (Artesian Water Pennsylvania), Artesian Water Maryland, Inc. (Artesian Water Maryland), Artesian Wastewater Management, Inc. (Artesian Wastewater), and Artesian Wastewater Maryland, Inc. (Artesian Wastewater Maryland).

10 World Wrestling Entertainment (NYSE: WWE) yield: 10.28
- World Wrestling Entertainment, Inc. (WWE) is an integrated media and entertainment company.

Top 20 U.S stocks based on market cap

Among the top 20 market cap in the US. The consumer sector and informational sector dominates the list. The list was updated on 20th September 2010.