Fool Trader KLSE Research

Daily Summary - 2 Apr 2012

fooltrader
Publish date: Mon, 02 Apr 2012, 11:22 AM
YOUR MORNING COFFEE ' Monday 2/4/2012
SUMMARY
  • Wall St closed 0.5% higher, as fund managers rebalanced their portfolios to show a better quarter. Personal spending rose 0.8%. Consumer sentiment index up 76.2. Both were higher than expected. Chicago PMI dipped to 62.2.
  • Dow of 13,212, has completed its small pullback at 13,002, indicating a resumption of upmove. The all time high is at 14,198. RSI of 60, is neutral. Caution is on the key support 12,860, which will be negative if breached.
  • Dollar Index is lower at 78.8. Downside is at 78.6.
  • Crude oil is higher at USD103.0. Support is at 101.0.
  • Dollar yen is higher at 82.9 yen. Upside is at 85.5.
  • Euro/dollar is higher at 1.335. Upside is at 1.347.
  • Gold is higher at USD1673. Upside is at 1728.
  • Shanghai closed higher at 2,262.
  • Singapore STI closed higher at 3,001.
  • Ringgit is stronger at 3.052. Downside is at 3.110.
  • S'pore ringgit is lower at 2.436. Resistance is at 2.440.
  • Malaysian market closed higher at 1596. On the Daily chart, the upside of 1609 remains intact, with support at 1573. RSI of 66, is on the rise. Today's range is between 1590 and 1600.
  • CPO May futures is lower at RM3455. Resistance is at 3630.
  • Trading : TEBRAU ( 1589 : 0.785 ) : Correction, CAELY ( 7154 : 0.24 ) : Support 0.225, LBS ( 5789 : 0.82 ) : Targeting 0.92, TM ( 4863 : 5.30 ) : Targeting 5.62

 Source:Jupiter Securities Research 02 April 2012

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