Wall St closed 0.4% higher, following the 25 bp rate cut by China. However the rally fizzled after Bernanke gave no immediate plan for stimulus. Weekly initial jobless claims dipped to 377,000.
Dow of 12,460 is heading higher to test a resistance at 12,900. RSI of
45, is on a positive divergence, indicating a technical rebound.
DOLLAR INDEX is lower at 82.2. Support is at 81.0.
Crude oil is lower at USD84.8. Support is at 80.0.
Dollar yen is higher at 79.6 yen. Upside is at 80.6.
Euro/dollar is lower at 1.255. Resistance is at 1.278.
Gold is lower at USD1589. Upside is at 1700.
Shanghai closed lower at 2,293.
Singapore STI closed lower at 2,756.
Ringgit is weaker at 3.172. Downside is at 3.238.
S'pore ringgit is lower at 2.480. Upside is at 2.481.
Malaysian market closed higher 1575. On the Daily chart, a technical rebound to test 1591 is likely. RSI of 51, is neutral. Today's range is between 1573 and 1583.
CPO Aug futures is lower at RM2960. 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....