YOUR MORNING COFFEE ' Monday 15/10/2012
SUMMARYWall 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