Fool Trader KLSE Research
Daily Summary - 12 Oct 2012
YOUR MORNING COFFEE ' Friday 12/10/2012
SUMMARY
Source:Jupiter Securities Research, 12 October 2012
SUMMARY
- Wall St closed 0.14% lower, cautiously ahead of the corporate earnings result season starting this week. Analysts are expecting the 3Q'2012 earnings for S&P to decline 1.2%. Weekly initial jobless claims dipped to 339,000.
- Dow of 13,326, is on a small pullback. Support is at 13,250. RSI of 44, is weakening.
- DOLLAR INDEX is lower at 79.7. Resistance is at 80.8.
- Crude oil is higher at USD92.0. Resistance is at 96.6.
- Dollar yen is higher at 78.4 yen. Support is at 77.6.
- Euro/dollar is higher at 1.293. Support is at 1.2700.
- Gold is higher at USD1768. Support is at 1700.
- Shanghai closed lower at 2,102.
- Singapore STI closed higher at 3,034.
- Ringgit is stronger at 3.0580. Downside is at 3.09.
- S'pore ringgit is higher at 2.540. Upside is at 2.540.
- Malaysian market closed lower at 1655. On the Daily chart, it is targeting 1710 over a longer term. Support is at 1638. RSI of 59, is on a buy divergence. Today's range is between 1653 and 1663.
- CPO Dec futures is higher at RM2508. Resistance is at 2574.
- Trading : SEALINK ( 5145 : 0.40 ) : Targeting 0.49/Stop loss 0.38, OLDTOWN ( 5201 : 1.93 ) : Targeting 2.08/Stop loss 1.86, ARANK ( 7214 : 0.505 ) : Targeting 0.57/Stop loss 0.48, RSAWIT ( 5113 : 0.93 ) : Targeting 0.98/Stop loss 0.91
Source:Jupiter Securities Research, 12 October 2012
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