Wall St closed 1.0% lower, rattled by the banking sector, after JP Morgan reported a USD2bln trading loss, and Eurozone woes. Greece's 10 year bond yield rose to 27.3%.
Dow of 12,695 is heading lower, following the breach of the key support of 13,100. A technical rebound is possible due to the oversold level. Upside is capped at 13,110. Support remains at 12,534. RSI of 34 is weakening.
DOLLAR INDEX is higher at 80.6. Resistance is at 81.5.
Crude oil is lower at USD94.8. Support is at 92.5.
Dollar yen is lower at 79.8 yen. Upside is at 81.0.
Euro/dollar is lower at 1.283. Support is at 1.265.
Gold is lower at USD1558. Support is at 1544.
Shanghai closed lower at 2,380.
Singapore STI closed lower at 2,866.
Ringgit is weaker at 3.084. Downside is at 3.110.
S'pore ringgit is higher at 2.450. Upside is at 2.481.
Malaysian market closed lower 1575. On the Daily chart, it has bottomed at the recent low of 1566. Upside is at 1592. RSI of 42, is neutral. Stochastic is overbought. Support is at 1572. Today's range is between 1570 and 1580.
CPO July futures is lower at RM3150. Support is at 3025.
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....