Wall St closed 1.6% higher, as JP Morgan announced better than expected results despite USD5.8bln trading loss. Wholesale inflation PPI rose 0.1%, higher than expected. Consumer sentiment index dipped to 72.
Dow of 12,777, is likely to test a resistance at 13,030. RSI of 54, is recovering.
DOLLAR INDEX is lower at 83.3. Resistance is at 83.8.
Crude oil is higher at USD87.1. Resistance is at 89.4.
Dollar yen is lower at 79.2 yen. Upside is at 80.6.
Euro/dollar is higher at 1.224. Upside is at 1.245.
Gold is higher at USD1589. Upside is at 1740.
Shanghai closed higher at 2,185.
Singapore STI closed higher at 2,997.
Ringgit is firmer at 3.178. Downside is at 3.210.
S'pore ringgit is lower at 2.507. Upside is at 2.540.
Malaysian market closed higher at 1626. On the Daily chart, it is targeting 1644. Pullback support is at 1622. RSI of 68, remains positive. Today's range is between 1624 and 1634.
CPO Sep futures is higher at RM3024. Support is at 2924.
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....