Wall St closed 0.2% lower, on concerns over the health of Spanish banks, and the European debt crisis. Weekly initial jobless claims rose to 383,000. Chicago PMI, a measure of regional activity, dipped to 52.7. Focus is on this Friday's job number, which is expected to show 155,000 jobs added in May.
Dow of 12,393 is on a technical rebound due to the oversold technicals. It has bottomed out at 12,311. RSI of 34, is rising. Upside is at 12,940.
DOLLAR INDEX is higher at 83.1. Resistance is at 85.0.
Crude oil is lower at USD86.5. Support is at 84.0.
Dollar yen is lower at 78.5 yen. Upside is at 81.2.
Euro/dollar is lower at 1.235. Support is at 1.220.
Gold is lower at USD1558. Upside is at 1700.
Shanghai closed lower at 2,372.
Singapore STI closed lower at 2,777.
Ringgit is weaker at 3.186. Downside is at 3.200.
S'pore ringgit is higher at 2.473. Upside is at 2.481.
Malaysian market closed higher 1580. On the Daily chart, it is in for a technical rebound to 1590, due to the oversold technicals. RSI of 57, has started to recover. Stochastic has started to turn upwards. Today's range is between 1575 and 1585.
CPO Aug futures is lower at RM3099. Upside is at 3288.
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....