Fool Trader KLSE Research
Daily Summary - 18 Apr 2012
YOUR MORNING COFFEE ' Wednesday 18/4/2012
SUMMARY
Source:Jupiter Securities Research 18 April 2012
SUMMARY
- Wall St closed 1.5% higher, as the yield on the Spanish bond eased to 5.89%, and Spanish treasury bills attracted strong demand, easing concerns over Europe. IMF also has raised global growth to 3.5%. US
- 1Q'2012 corporate earnings continued to churn above expectation results.
- Dow of 13,115 is on a technical rebound. It is testing the previous high of 13,297. RSI of 54, and Stochastic are recovering.
- Dollar index is lower at 79.5. Upside is at 80.8.
- Crude oil is higher at USD104.2. Upside is at 108.0.
- Dollar yen is higher at 81.0 yen. Upside is at 82.6.
- Euro/dollar is higher at 1.312. Upside is at 1.346.
- Gold is higher at USD1651. Buy. It is about to resume its uptrend.
- Shanghai closed lower at 2,334.
- Singapore STI closed lower at 2,986.
- Ringgit is weaker at 3.061. Downside is at 3.110.
- S'pore ringgit is higher at 2.453. Resistance is at 2.480.
- Malaysian market closed lower at 1596. On the Daily chart, it is in for a small technical rebound, as the RSI of 56 has gone neutral. Upside is at 1615. Today's range is between 1596 and 1609.
- CPO June futures is higher at RM3499. Support is at 3420.
- Trading : NAGAMAS ( 8923 : 0.65 ) : Targeting 0.72/stop loss 0.62, CENSOF ( 5195 : 0.42 ) : Targeting 0.47/stop loss 0.40, BERTAM ( 9814 : 0.84 ) : Targeting 1.02/stop loss 0.78, AFFIN ( 5185 : 3.08 ) : Targeting 3.58/stop loss 3.00.
Source:Jupiter Securities Research 18 April 2012
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