Wall St closed 0.3% higher. Concerns over a possible Greece exit from the eurozone, and the contagion effects remain. Weekly initial jobless claims dipped to 370,000. Durable goods orders up 0.2%, less than
expected.
Dow of 12,529 is on a technical rebound due to the oversold technicals. It has bottomed out at 12,311. RSI of 35, is rebounding. Upside is at 12,940.
DOLLAR INDEX is higher at 82.3. Resistance is at 82.8.
Crude oil is higher at USD90.4. Support is at 88.5.
Dollar yen is higher at 79.6 yen. Upside is at 81.2.
Euro/dollar is lower at 1.254. Support is at 1.220.
Gold is lower at USD1556. Upside is at 1700.
Shanghai closed lower at 2,350.
Singapore STI closed higher at 2,783.
Ringgit is weaker at 3.152. Downside is at 3.200.
S'pore ringgit is higher at 2.468. Upside is at 2.481.
Malaysian market closed higher 1548. On the Daily chart, it is in for a technical rebound to 1567, due to the oversold technicals. RSI of 40, has started to recover. Stochastic has started to turn upwards.
Today's range is between 1542 and 1554.
CPO July futures is higher at RM3047. Support is at 3000.
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....