YOUR MORNING COFFEE ' Friday 16/3/2012

SUMMARY
'' Wall St closed 0.4% higher, due to improving economy. The weekly initial jobless claims dipped to a 4 year low of 351,000. Regional activity in New York area, the Empire manufacturing index, jumped to
20.2, higher than the 15 estimate. Wholesale inflation PPI up 0.4%, lower than the 0.5% estimate.
'' Dow of 13,252, is targeting 13,279. Previous high is 14,198. RSI of 71, is on a spike up. Caution is on the key support 12,970, which will be negative if breached.
'' Dollar Index is lower at 80.2. Upside is at 81.0.
'' Crude oil is lower at USD105.1. Support is at 101.0.
'' Dollar yen is lower at 83.5 yen. Resistance is at 85.6.
'' Euro/dollar is higher at 1.308. Support is at 1.292.
'' Gold is higher at USD1659. Downside is at 1625.
'' Shanghai closed lower at 2,373.
'' Singapore STI closed lower at 3,025.
'' Ringgit is firmer at 3.053. Downside is at 3.110.
'' S'pore ringgit is higher at 2.415. Resistance is at 2.430
'' Malaysian market closed higher at 1579. On the Daily chart, it broke the 200 MA of 1504, indicating a further upward push to 1609. Support is at 1550. RSI of 60, is neutral. Today's range is between
1576 and 1586.
'' CPO April futures is higher at RM3393. Resistance is at 3400.
'' Trading : CIMB ( 1023 : 7.57 ) : Targeting 7.86, YTL ( 4677 : 1.80 ) : Targeting 2.00, TIGER ( 7079 : 0.15 ) : Targeting 0.20, INGRESS ( 7112 : 1.02 ) : Stop loss 0.96

Source:Jupiter Securities Research 16 March 2012