Fool Trader KLSE Research

Daily Summary - 15 Oct 2012

fooltrader
Publish date: Mon, 15 Oct 2012, 11:51 AM
YOUR MORNING COFFEE ' Monday 15/10/2012

SUMMARY

  • Wall St closed 0.02% higher, 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%. Consumer sentiment index rose to 83.1, the highest in 5 years.
  • Dow of 13,328, 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 lower at USD91.8. 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 lower at USD1744. Support is at 1700.
  • Shanghai closed higher at 2,104.
  • Singapore STI closed higher at 3,046.
  • Ringgit is weaker at 3.0650. Downside is at 3.09.
  • S'pore ringgit is higher at 2.506. Upside is at 2.540.
  • Malaysian market closed lower at 1653. On the Daily chart, it is
  • targeting 1710 over a longer term. Support is at 1638. RSI of 57, is on
  • a buy divergence. Today's range is between 1652 and 1662.
  • CPO Dec futures is lower at RM2430. Resistance is at 2574.
  • Trading : SCIENTX ( 4731 : 2.94 ) : Take profit, HARTA ( 5168 : 4.64 ) : Take profit, MKLAND ( 8893 : 0.38 ) : Take profit, GENTING ( 3182 : 8.80 ) : Targeting 9.20/Stop loss 8.65

Source:Jupiter Securities Research, 15 October 2012

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