Fool Trader KLSE Research

Daily Summary - 19 Sep 2012

fooltrader
Publish date: Wed, 19 Sep 2012, 10:23 AM
YOUR MORNING COFFEE ' Wednesday 19/9/2012

SUMMARY

  • Wall St closed 0.1% higher, taking a pause after the US Fed's QE3 or quantitative easing. With not much news, focus was on Apple and US Fed's QE3, which buoyed the market.
  • Dow of 13,564, is on a technical rebound. Resistance is at 13,924. RSI of 68, is overbought.
  • DOLLAR INDEX is higher at 79.2. Support is at 78.4.
  • Crude oil is lower at USD95.2. Support is at 94.0.
  • Dollar yen is higher at 78.7 yen. Resistance is at 79.0.
  • Euro/dollar is lower at 1.305. Resistance is at 1.320.
  • Gold is higher at USD1768. Support is at 1684.
  • Shanghai closed lower at 2,059.
  • Singapore STI closed lower at 3,069.
  • Ringgit is weaker at 3.066. Downside is at 3.09.
  • S'pore ringgit is higher at 2.501. Upside is at 2.540.
  • Malaysian market closed lower at 1640. On the Daily chart, it is targeting 1710 over a longer term. Support is at 1634. RSI of 54, is on a buy divergence. Today's range is between 1636 and 1646.
  • CPO Nov futures is lower at RM2803. Resistance is at 3100.
  • Trading : MBFHLDG ( 1236 : 1.19 ) : Take profit, BRIGHT ( 9938 : 1.47 ) : Targeting 1.62/Stop loss 1.39, LATEXX ( 7064 : 1.63 ) : Targeting 1.75/Stop loss 1.54
Source:Jupiter Securities Research 19 September 2012

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