Fool Trader KLSE Research
Daily Summary - 20 Apr 2012
YOUR MORNING COFFEE ' Friday 20/4/2012
Source:Jupiter Securities Research 20 April 2012
SUMMARY
- Wall St closed 0.5% lower, due to poor economic data. Weekly initial jobless claims dipped to 386,000, and is higher than expected. Existing home sales dipped 2.6%, indicating that housing remains
- shaky. US Fed Philadelphia index dipped to 8.5, indicating weak regional manufacturing activity.
- Dow of 12,964 is on a technical rebound. It is testing the previous high of 13,297. RSI of 48, and Stochastic are recovering.
- Dollar index is unchanged at 79.5. Upside is at 80.8.
- Crude oil is lower at USD102.2. Upside is at 108.0.
- Dollar yen is higher at 81.5 yen. Upside is at 82.6.
- Euro/dollar is higher at 1.313. Upside is at 1.346.
- Gold is higher at USD1641. Buy. It is about to resume its uptrend.
- Shanghai closed lower at 2,378.
- Singapore STI closed higher at 3,006.
- Ringgit is weaker at 3.067. 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 1594 and 1604.
- CPO June futures is lower at RM3470. Support is at 3420.
- Trading : CENSOF ( 5195 : 0.445 ) : Target raised to 0.52, KEURO ( 3565 : 1.24 ) : Target 1.50/Stop loss 1.20, GOLSTA ( 7105 : 0.67 ) : Target 0.80/Stop loss 0.62, BINTAI ( 6998 : 0.38 ) : Target 0.50/Stop loss 0.34
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