Fool Trader KLSE Research

Daily Summary - 2 Nov 2012

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Publish date: Fri, 02 Nov 2012, 12:07 PM
YOUR MORNING COFFEE ' Friday 2/11/2012

SUMMARY

  • Wall St closed 1.04% higher, due to upbeat jobs data. Weekly initial jobless claims dipped to 363,000. Payroll processor ADP said that 158,000 jobs added in October. This Friday's October employment figure is expected to show 125,000 jobs added. The US Presidential election is on 6 November.
  • Dow of 13,232, has found a support at 13,039. RSI of 44, is recovering.
  • DOLLAR INDEX is higher at 80.0. Resistance is at 80.5.
  • Crude oil is higher at USD87.0. Support is at 82.0.
  • Dollar yen is higher at 80.2 yen. Resistance is at 80.4.
  • Euro/dollar is lower at 1.293. Support is at 1.2840.
  • Gold is lower at USD1715. Support is at 1643.
  • Shanghai closed higher at 2,104.
  • Singapore STI closed lower at 3,028.
  • Ringgit is firmer at 3.049. Downside is at 3.09.
  • S'pore ringgit is lower at 2.50. Upside is at 2.540.
  • Malaysian market closed higher at 1675. On the Daily chart, it is targeting 1710 over a longer term. Support is at 1660. RSI of 65, is on a buy divergence. Today's range is between 1670 and 1680.
  • CPO Jan futures is higher at RM2532. Support is at 2430.
  • Trading : TAKASO ( 7071 : 0.34 ) : Take profit, ARMADA ( 5210 : 3.91 ) : Take profit, SKPETRO ( 5218 : 2.59 ) : Targeting 2.68/Stop loss 2.54, LANDMRK ( 1643 : 1.07 ) : Targeting 1.20/Stop loss 0.98

Source:Jupiter Securities Research, 02 November 2012

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