Wall St closed 0.4% higher, on prospect of central banks supporting the global economy from dipping into recession. A US Fed official has called for an aggressive quantitative easing.
Dow of 13,168 is heading for a retest on the previous high of 13,338.
Support is at 12,800. RSI of 62, is rising.
DOLLAR INDEX is higher at 82.3. Upside is at 86.2.
Crude oil is higher at USD93.6. Resistance is at 97.3.
Dollar yen is higher at 78.6 yen. Support is at 77.9.
Euro/dollar is lower at 1.238. Upside is at 1.262.
Gold is lower at USD1609. Upside is at 1740.
Shanghai closed higher at 2,157
Singapore STI closed lower at 3,069.
Ringgit is weaker at 3.106. Downside is at 3.210.
S'pore ringgit is lower at 2.497. Upside is at 2.540.
Malaysian market closed lower at 1631. On the Daily chart, it is targeting 1710 over a longer term. Near term pullback support is at 1620. RSI of 55, is neutral. Today's range is between 1628 and 1638.
CPO Oct futures is lower at RM2923. Resistance is at 3066.
Trading : MBFHLDG ( 1236 : 1.11 ) : Take profit, FAVCO ( 7229 : 1.80) : Take profit, MEDIA ( 4502 : 2.42 ) : Targeting 2.62/Stop loss 2.33, UNISEM ( 5005 : 1.25 ) : Targeting 1.50/Stop loss 1.14
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....