Wall St closed 0.5% higher, due to up beat reports on retail sales and corporate earnings. Retail sales rose 0.8% in March, beating the 0.3% estimate. However manufacturing activity in New York fell sharply on the Empire index, down to 6.6 from 20.2. And the yield on the Spanish bond rose.
While the Dow of 12,921 is on a technical rebound, caution is on a key support 12,710, which will target lower level of 12,620, if breached. Resistance is at 13,154. RSI of 46, and Stochastic are on base forming.
Crude oil is higher at USD102.9. Upside is at 108.0.
Dollar yen is lower at 80.3 yen. Downside is at 80.1.
Euro/dollar is higher at 1.312. Upside is at 1.346.
Gold is lower at USD1649. Buy. It is about to resume its uptrend.
Shanghai closed lower at 2,357.
Singapore STI closed higher at 2,988.
Ringgit is weaker at 3.067. Downside is at 3.110.
S'pore ringgit is higher at 2.449. Resistance is at 2.480.
Malaysian market closed lower at 1597. On the Daily chart, it is in for a small technical rebound, as the RSI of 57 has gone neutral. Upside is at 1615. Today's range is between 1595 and 1605.
CPO June futures is lower at RM3489. Support is at 3420.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....