Trader TIPS !

Lately, investors have been embracing risk as they feel more comfortable about the global economy and we expect the strong Dow performance overnight (its 8-day gain over nine sessions) will boost the FBM KLCI to another new 2009 high. Nevertheless, trading sentiment for rest of this week would likely remain cautious ahead of the long Hari Raya holidays next week. That said, we remain optimistic on the near term trend of the FBM KLCI, and maintain the index’s target at 1,248 (38.2FR% from 801-1524).