Fool Trader KLSE Research
Daily Summary - 14 Sept 2012
YOUR MORNING COFFEE ' Friday 14/9/2012
SUMMARY
Source:Jupiter Securities Research 14 September 2012
SUMMARY
- Wall St closed 1.5% higher on US Fed's QE3 or quantitative easing. US Fed will buy USD40bln mortgage backed bonds each month for however long it deems necessary. Weekly initial jobless claims rose to 382,000.
- Dow of 13,539, is on a technical rebound. Resistance is at 13,924. RSI of 69, is steady.
- DOLLAR INDEX is lower at 79.3. Support is at 79.0.
- Crude oil is higher at USD98.3. Resistance is at 100.0.
- Dollar yen is lower at 77.6 yen. Support is at 77.4.
- Euro/dollar is higher at 1.299. Upside is at 1.300.
- Gold is higher at USD1768. Resistance is at 1790.
- Shanghai closed lower at 2,110.
- Singapore STI closed lower at 3,028.
- Ringgit is firmer at 3.060. Downside is at 3.210.
- S'pore ringgit is lower at 2.496. Upside is at 2.540.
- Malaysian market closed higher at 1628. On the Daily chart, it is targeting 1710 over a longer term. Support is at 1618. RSI of 43, is on a buy divergence. Today's range is between 1622 and 1636.
- CPO Nov futures is lower at RM2908. Resistance is at 3270.
- Trading : PERDANA ( 7108 : 0.81 ) : Take profit, AIRASIA ( 5099 : 2.93 ) : Targeting 3.18/Stop loss 2.86, ARMADA ( 5210 : 3.72 ) : Targeting 3.95/Stop loss 3.62
Source:Jupiter Securities Research 14 September 2012
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