Fool Trader KLSE Research
Daily Summary - 9 Apr 2012
YOUR MORNING COFFEE ' Monday 9/4/2012
SUMMARY
- Wall St closed for Easter. While the unemployment dip to 8.1%, there were fewer jobs added in March. US payrolls grew by 120,000, less than the estimate of 200,000 new jobs in March. Focus this week, is on the 1Q'2012 corporate earnings.
- Dow of 13,060, is on a pullback, with support at 12,750. In the immediate term, a technical rebound to 13,200 is also likely. RSI of 48, is on a negative divergence.
- Dollar Index is lower at 79.9. Upside is at 80.8.
- Crude oil is higher at USD103.3. Upside is at 108.0.
- Dollar yen is lower at 81.4 yen. Downside is at 80.1.
- Euro/dollar is higher at 1.308. Downside is at 1.300.
- Gold is higher at USD1642. Support is at 1585.
- Shanghai closed higher at 2,306.
- Singapore STI closed higher at 2,991.
- Ringgit is weaker at 3.071. Downside is at 3.110.
- S'pore ringgit is lower at 2.429. Resistance is at 2.440.
- Malaysian market closed higher at 1598. On the Daily chart, it has retreated off the intraday Double top of 1609. While the RSI of 61 is in a negative divergence, a downside breach of the critical support of 1583 is needed to signal a down turn. Today's range is between 1592 and 1602.
- CPO May futures is higher at RM3612. Resistance is at 3630.
- Trading : EURO ( 7208 : 0.36 ) : Take profit / limited upside, GOPENG ( 2135 : 0.79 ) : Targeting 0.87-0.90 / Stop loss 0.75, HWATAI ( 8478 : 0.57 ) : Stop loss raised to 0.55 / Sell around 0.62, SHCHAN ( 4316 : 1.24 ) : Stop loss raised to 1.19 / Sell above 1.28
Source:Jupiter Securities Research 09 April 2012
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