Wall St closed 0.1% lower. Weekly initial jobless claims dipped to
361,000. US trade deficits narrowed to USD42.9bln in June. Wholesale
inventories dipped 0.2%.
Dow of 13,165 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 82.6. Upside is at 86.2.
Crude oil is lower at USD93.3. Resistance is at 97.3.
Dollar yen is higher at 78.5 yen. Support is at 77.9.
Euro/dollar is lower at 1.229. Upside is at 1.262.
Gold is higher at USD1616. Upside is at 1740.
Shanghai closed higher at 2,174
Singapore STI closed lower at 3,052.
Ringgit is weaker at 3.106. Downside is at 3.210.
S'pore ringgit is lower at 2.493. Upside is at 2.540.
Malaysian market closed higher at 1642. On the Daily chart, it is targeting 1710 over a longer term. Near term pullback support is at 1620. RSI of 61, is neutral. Today's range is between 1637 and 1647.
CPO Oct futures is higher at RM2871. Resistance is at 3066.
Trading : GENM ( 4715 : 3.30 ) : Targeting 3.60/Stop loss 3.15, CSL ( 5214 : 1.02 ) : Targeting 1.22/Stop loss 0.94, SEAL ( 4286 : 0.53 ) : Targeting 0.61/Stop loss 0.51
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....