Wall St closed 0.1% lower, as the US Fed extended the current Operation Twist ' a process of lengthening the bond maturity ' to end of 2012. There is no aggressive bond buying policy. US Fed left rates unchanged. Oil price dipped on the news of higher weekly crude inventories, up 2.9 mln barrels.
Dow of 12,824 is heading higher to test a resistance at 13,100. RSI of 58, is on a positive divergence, indicating a technical rebound.
DOLLAR INDEX is higher at 81.5. Resistance is at 82.7.
Crude oil is lower at USD81.8. Upside is at 90.0.
Dollar yen is higher at 79.4 yen. Upside is at 80.6.
Euro/dollar is higher at 1.268. Resistance is at 1.283.
Gold is lower at USD1604. Upside is at 1740.
Shanghai closed lower at 2,292.
Singapore STI closed higher at 2,852.
Ringgit is weaker at 3.165. Downside is at 3.20.
S'pore ringgit is higher at 2.493. Upside is at 2.520.
Malaysian market closed higher 1604. On the Daily chart, it is targeting 1604. Pullback support is at 1586. RSI of 66, remains positive. Today's range is between 1599 and 1609.
CPO Aug futures is higher at RM3035. Upside is at 3211.
Trading : CANONE ( 5105 : 2.34 ) : Take profit
MRCB ( 1651 : 1.79 ) : Take profit, AZRB ( 7078 : 0.77 ) : Targeting 0.90/Stop loss 0.74, DIGI ( 6947 : 4.23 ) : Take profit
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....