YOUR MORNING COFFEE ' Friday 2/3/2012

SUMMARY
'' Wall St closed 0.2% higher, on positive data. Weekly initial jobless claims down to 351,000. Personal income and spending rose 0.3%, and 0.2% respectively. However, ISM manufacturing index dipped to 52.4, lower than expected, indicating weak manufacturing. Retailers reported higher same store sales, up 4.7%.
'' Dow of 12,980, is targeting 13,279. Previous high is 14,198. Caution is on the key support 12,670, which will be negative if breached. RSI of 63, is showing early sign of weakness.
'' Dollar Index is lower at 78.8. Resistance is at 80.0.
'' Crude oil is higher at USD108.8. Resistance is at 114.0.
'' Dollar yen is lower at 81.1 yen. Resistance is at 82.2.
'' Euro/dollar is lower at 1.331. Support is at 1.316.
'' Gold is higher at USD1722. Downside is at 1625.
'' Shanghai closed lower at 2,426.
'' Singapore STI closed lower at 2,978.
'' Ringgit is firmer at 2.995. Resistance is at 2.96.
'' S'pore ringgit is lower at 2.404. Support is at 2.370
'' Malaysian market closed higher at 1573. On the Daily chart, it broke the 200 MA of 1501, indicating a further upward push to 1578. Support is at 1566. RSI of 68, is rebounding. Today's range is
between 1568 and 1578.
'' CPO April futures is lower at RM3259. Support is at 3023.
'' Trading : DIJACOR ( 5401 : 1.61 ) : Targeting 1.88, SCOPE ( 0028 : 0.18 ) : Targeting 0.28, TGUAN ( 7034 : 1.37 ) : Targeting 1.55, DAYANG ( 5141 : 2.17 ) : Stop loss 2.06

Source:Jupiter Securities Research 2 March 2012