Fool Trader KLSE Research

Daily Summary - 19 Oct 2012

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Publish date: Mon, 22 Oct 2012, 08:04 AM
YOUR MORNING COFFEE ' Friday 19/10/2012

SUMMARY

  • Wall St closed 0.06% lower, on weaker job data, and Google earnings. Weekly initial jobless claims rose to 388,000.
  • Dow of 13,548, may have completed its pullback, and is heading
  • upwards to test 14,000. RSI of 57, is on the rise.
  • DOLLAR INDEX is higher at 79.3. Support is at 78.7.
  • Crude oil is higher at USD92.1. Resistance is at 96.6.
  • Dollar yen is higher at 79.3 yen. Support is at 77.6.
  • Euro/dollar is lower at 1.307. Resistance is at 1.3400.
  • Gold is lower at USD1742. Support is at 1700.
  • Shanghai closed higher at 2,131.
  • Singapore STI closed higher at 3,057.
  • Ringgit is weaker at 3.0470. Downside is at 3.09.
  • S'pore ringgit is higher at 2.4990. Upside is at 2.540.
  • Malaysian market closed higher at 1665. On the Daily chart, it is targeting 1710 over a longer term. Support is at 1660. RSI of 63, is on a buy divergence. Today's range is between 1662 and 1672.
  • CPO Jan futures is higher at RM2482. Support is at 2316.
  • Trading : DIGISTA ( 0029 : 0.40 ) : Targeting 0.51/Stop loss 0.37, HARVEST ( 9342 : 0.38 ) : Targeting 0.46/Stop loss 0.35, DIGI ( 6947 : 5.48 ) : Targeting 5.90/Stop loss 5.40

Source:Jupiter Securities Research, 19 October 2012

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