Fool Trader KLSE Research
Daily Summary - 3 Sept 2012
YOUR MORNING COFFEE ' Monday 3/9/2012
SUMMARY
Source:Jupiter Securities Research 03 September 2012
SUMMARY
- Wall St closed 0.8% higher, as Bernanke hinted quantitative easing, to fuel growth and sustain employment. Consumer sentiment index rose to 74.3. July factory orders jumped 2.8%. Earlier, the weekly initial jobless claims unchanged at 374,000. Both personal income and spending rose to 0.3% and 0.4% respectively.
- Dow of 13,098, is on a technical rebound. Resistance is at 13,338. RSI
- of 51, is recovering.
- DOLLAR INDEX is lower at 81.2. Support is at 80.9.
- Crude oil is higher at USD96.4. Resistance is at 100.0.
- Dollar yen is lower at 78.3 yen. Support is at 77.4.
- Euro/dollar is higher at 1.256. Upside is at 1.262.
- Gold is higher at USD1686. Upside is at 1740.
- Shanghai closed lower at 2,047.
- Singapore STI closed higher at 3,025.
- Ringgit is weaker at 3.121. Downside is at 3.210.
- S'pore ringgit is higher at 2.498. Upside is at 2.540.
- Malaysian market closed higher at 1646. On the Daily chart, it is targeting 1710 over a longer term. Near term pullback support is at 1643. RSI of 58, is down. Today's range is between 1643 and 1653.
- CPO Nov futures is higher at RM3020. Resistance is at 3270.
- Trading : HOVID ( 7213 : 0.21 ) : Targeting 0.25/Stop loss 0.19, GUNUNG ( 7676 : 0.72 ) : Targeting 0.79/Stop loss 0.68, AYS ( 5021 : 0.38 ) : Targeting 0.50/Stop loss 0.36
Source:Jupiter Securities Research 03 September 2012
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