Fool Trader KLSE Research

Daily Summary - 27 Apr 2012

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Publish date: Fri, 27 Apr 2012, 03:43 PM
YOUR MORNING COFFEE ' Friday 27/4/2012

SUMMARY

  • 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

Source:Jupiter Securities Research 27 April 2012

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