Wall St closed 0.8% higher, boosted by prospects of further stimulus from US Fed, and a bottoming housing market. Pending home sales rose 4.1% in March, beating expectation of 0.5%. Weekly initial
jobless claims of 388,000 were higher than the 365,000 estimate.
Dow of 13,204 is resuming its upward push to 13,266, then 13,297.
RSI of 57, has recovered.
DOLLAR INDEX is higher 79.1. Support is at 78.6.
Crude oil is higher at USD104.5. Upside is at 108.0.
Dollar yen is higher at 81.0 yen. Upside is at 82.6.
Euro/dollar is lower at 1.319. Upside is at 1.346.
Gold is higher at USD1660. Buy. It is about to resume its uptrend.
Shanghai closed lower at 2,404.
Singapore STI closed higher at 2,985.
Ringgit is firmer at 3.050. Downside is at 3.110.
S'pore ringgit is lower at 2.456. Downside is at 2.436.
Malaysian market closed unchanged at 1579. On the Daily chart, it is in a correction, with the upside capped at 1589. RSI of 42, is weakening. Support is at 1564. Today's range is between 1577 and 1584.
CPO June futures is higher at RM3518. Support is at 3420.
Trading : CYBERT (0022 : 0.94) :Sell 0.98/Revised stop loss to 0.89, UNISEM ( 5005 : 1.42 ) : Accumulate/Stop loss 1.30, GOCEAN ( 0074 : 0.235 ) : Targeting 0.30/Stop loss 0.22, INGRESS ( 7112 : 1.03 ) : Targeting 1.20/Stop loss 0.98
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....