Fool Trader KLSE Research

Daily Summary - 5 Nov 2012

fooltrader
Publish date: Mon, 05 Nov 2012, 08:43 AM
YOUR MORNING COFFEE ' Monday 5/11/2012

SUMMARY
  • Wall St closed 1.0% lower, on shift of focus to the US Presidential election, 6 November, and the concern over the fiscal cliff where tax hike and budget cuts kick in January 2013. In October, 171,000 jobs added vs expectation of 125,000.
  • Dow of 13,093, has found a support at 13,039. RSI of 38, is recovering.
  • DOLLAR INDEX is higher at 80.6. Resistance is at 82.0.
  • Crude oil is lower at USD84.8. Support is at 82.0.
  • Dollar yen is higher at 80.4 yen. Resistance is at 80.5.
  • Euro/dollar is lower at 1.282. Support is at 1.2750.
  • Gold is lower at USD1682. Support is at 1643.
  • Shanghai closed higher at 2,117.
  • Singapore STI closed higher at 3,040.
  • Ringgit is weaker at 3.061. Downside is at 3.09.
  • S'pore ringgit is lower at 2.50. Upside is at 2.540.
  • Malaysian market closed lower at 1656. On the Daily chart, it is targeting 1710 over a longer term. Support is at 1648. RSI of 50, is down. Today's range is between 1652 and 1660.
  • CPO Jan futures is lower at RM2502. Support is at 2430.
  • Trading : ALAM ( 5115 : 0.73 ) : Targeting 0.86/Stop loss 0.71, MNRB ( 6459 : 2.97 ) : Targeting 3.21/Stop loss 2.85
Source:Jupiter Securities Research, 05 November 2012

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