Fool Trader KLSE Research
Daily Summary - 5 Sep 2012
YOUR MORNING COFFEE ' Wednesday 5/9/2012
SUMMARY
Source:Jupiter Securities Research 05 September 2012
SUMMARY
- Wall St closed 0.4% lower on sluggish economy data. Manufacturing down for the third month, and construction spending slowed. Strong car sales in August, up 12%. Market remains on heightened hope quantitative easing, to fuel growth and sustain employment.
- Dow of 13,035, is on a technical rebound. Resistance is at 13,338. RSI of 47, is steady.
- DOLLAR INDEX is higher at 81.5. Resistance is at 82.9.
- Crude oil is lower at USD95.3. Resistance is at 100.0.
- Dollar yen is higher at 78.4 yen. Support is at 77.4.
- Euro/dollar is lower at 1.253. Upside is at 1.262.
- Gold is higher at USD1692. Upside is at 1740.
- Shanghai closed lower at 2,043.
- Singapore STI closed lower at 3,011.
- Ringgit is weaker at 3.112. Downside is at 3.210.
- S'pore ringgit is lower at 2.495. Upside is at 2.540.
- Malaysian market closed higher at 1654. On the Daily chart, it is targeting 1710 over a longer term. Near term pullback support is at 1643. RSI of 65, is up. Today's range is between 1650 and 1660.
- CPO Nov futures is higher at RM3054. Resistance is at 3270.
- Trading : JOHOTIN ( 7167 : 2.11 ) : Take profit, PERDANA ( 7108 : 0.73 ) : Targeting 0.86/Stop loss 0.695, JTIASA ( 4383 : 2.45 ) : Targeting 2.66/Stop loss 2.36, YTL ( 4677 : 1.84 ) : Targeting 2.06/Stop loss 1.77
Source:Jupiter Securities Research 05 September 2012
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