Trading Tips for the Day - 15 May 2015

FKLI will likely open higher today, for the first trade, one can attempt to Long 1-3 points below the opening price.  Try get 5-7 points profit and put a stop 5 points away from your entry point.  Close your position by the end of the day.

In other news....

🇺🇸 U.S. stocks advanced broadly Thursday, with the S&P 500 setting a new closing record high. Microsoft and Apple led a rally in technology shares and the weaker dollar spurred gains in multi-national companies. 
* Dow +191
* S&P +22
* Nasdaq +69

€ European equities finished higher, as new regulation from the European Union helped the continent's steel producers post strong gains. Moreover, strength in the euro undercuts European exporters as EUR/USD is up +0.67% at a 2-3/4 month high.

💵 The dollar fell against the euro and the British pound to multi-month lows as investors pushed back estimates for higher U.S. borrowing costs while waiting for a consistent recovery in the economy.

📝 Greece's ASE Sock Index up +1.19% after Greek Finance Minister Varoufakis said his government agrees with its creditors on most issues.

📝 Asian stocks closed mostly lower on concern a slowdown in the U.S. economy will curtail demand for Asian goods.

🇯🇵 The preliminary Japan Apr machine tool orders rose +10.4% y/y, the smallest increase in 1-1/2 years.

⛽ Oil prices fell slightly as concerns about steady production captured the market’s attention. Trading was choppy as market participants tried to square bullish factors including U.S. inventory data, spot demand for crude in Asia and Middle East unrest with basic supply fundamentals.

👑 Gold prices extended their rally to a three-month high, as disappointing inflation data fueled hopes that the Federal Reserve will put off raising U.S. interest rates.

🌴 FCPO recovered late in the session and closed higher. Late buying followed by rumors on very good 1-15 May exports data. Earlier selling due to lower China Dalian futures and strong Ringgit. Demand prospects continued to provide support. There are expectation of strong import from China and India. There higher closed keep indicator positive.