Trading Tips for the Day - 2 July 2015

FKLI will likely open a little 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...

 Oil prices slumped 4% Wednesday, with U.S. crude headed for its sharpest daily loss since late May, on signs of progress in Iranian nuclear talks and after the first rise in crude stockpiles in the United States in more than two months.
* Crude oil $56.86 (-2.61)
* Brent crude $62.46 (-1.68)

📝 A new proposal for budget cuts and policy overhauls from Greek Prime Minister Alexis Tsipras was dismissed by European officials as insufficient to revive negotiations over a new bailout.

🇺🇸 U.S. stock prices rose as investors appeared reassured by signs that Greece and its creditors have a willingness to negotiate. Also, economic reports were upbeat.
* Private payrolls in the U.S. increased by 237,000 jobs in June vs expectation of 220,000.
* The ISM’s manufacturing purchasing managers index rose to 53.5 in June from 52.8 in May, beating expectations of an increase to 53.2.

💵 The dollar rose against the euro and the yen, after better-than-expected U.S. jobs and manufacturing numbers signaled a strengthening economy.

€ European stocks were up after Greek Prime Minister Tsipras signaled he was ready to compromise to end the impasse over a Greek bailout. Eurozone finance ministers will discuss the latest developments today and the ECB will discuss whether to maintain their emergency lifeline to Greece's banks.

🇨🇳 China's Shanghai Composite tumbled -5.23% on continued margin selling by investors with losing stock positions and after weaker-than-expected factory data showed China's economy remains sluggish.

🇨🇳 The China Jun manufacturing PMI was unchanged at 50.2, weaker than expectations of +0.2 to 50.4.

🇨🇳 China’s stock regulator approved plans for six IPO despite a market slump into bear territory and no sign of immediate recovery.

🇯🇵 Japan's Nikkei Stock Index closed up +0.46% after a stronger-than-expected Japan Q2 Tankan large manufacturing business conditions unexpectedly rose +3 to 15, better than expectations of no change at 12 and the highest since Q1 of 2014, signaled an improvement in business optimism.

👑 Gold ($1,167.8) fell to near its lowest in almost four weeks, on a stronger dollar and hopes for progress in the Greek crisis after the country told international creditors Athens could accept their bailout offer if some conditions were changed.

🌴 FCPO (RM2,267) recovered all Monday's losses. Buying was encouraged by strong gains in CBT soyoil and sharp rebound in China Dalian futures. Sentiment was also underpinned by Southern POMA's report of lower June production and reports of low water levels in reservoirs in Johor due to very dry weather.

🌺 Malaysian stock market headed to its best gain in over 2 years and the ringgit advanced as investors turned upbeat after Fitch Ratings raised the outlook on Malaysia to Stable from Negative.

🇳🇿 Australia is expected to report a May trade deficit of $2.2 billion Australian dollars. April’s deficit more than tripled to $3.9 billion Australian dollars – the country’s largest monthly trade deficit on record – as the value of resource exports fell, sharply eclipsing a rise in imports of capital goods