Fool Trader KLSE Research

Daily Summary - 10 Sept 2012

fooltrader
Publish date: Mon, 10 Sep 2012, 08:52 AM
YOUR MORNING COFFEE ' Monday 10/9/2012

SUMMARY

  • Wall St closed 0.1% higher, on heightened bet of QE3 or quantitative easing move by US Fed this week, following the poor jobs data. In August, there were only 96,000 jobs added, against expectation of 120,000. Unemployment dipped to 8.1%.
  • Dow of 13,306, is on a technical rebound. Resistance is at 13,338. RSI
  • of 61, is steady.
  • DOLLAR INDEX is lower at 80.1. Support is at 79.9.
  • Crude oil is higher at USD96.4. Resistance is at 100.0.
  • Dollar yen is lower at 78.2 yen. Support is at 77.4.
  • Euro/dollar is higher at 1.279. Upside is at 1.300.
  • Gold is higher at USD1734. Resistance is at 1790.
  • Shanghai closed higher at 2,127.
  • Singapore STI closed higher at 3,015.
  • Ringgit is firmer at 3.104. Downside is at 3.210.
  • S'pore ringgit is higher at 2.510. Upside is at 2.540.
  • Malaysian market closed higher at 1624. On the Daily chart, it is targeting 1710 over a longer term. Near term pullback support is at 1612. RSI of 36, is up. Today's range is between 1618 and 1630.
  • CPO Nov futures is lower at RM2903. Resistance is at 3270.
  • Trading : MPHB ( 3859 : 3.64 ) : Targeting 3.82/Stop loss 3.52, MYEG ( 0138 : 0.78 ) : Targeting 0.86/Stop loss 0.75, IJMLAND ( 5215 : 2.31 ) : Targeting 2.54/Stop loss 2.22

Source:Jupiter Securities Research 10 September 2012

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