Wall St closed 0.7% lower, focusing on the fiscal cliff and ignoring the positive housing and consumer confidence data. And the deal to avoid debt defaulting in Greece. Home prices gained 3.6%, the biggest increase since 2010.
Dow of 12,878, is on a small pullback, with a support of 12,700. RSI of 45, is recovering.
DOLLAR INDEX is higher at 80.4. Support is at 79.6.
Crude oil is lower at USD87.2. Resistance is at 93.0.
Dollar yen is higher at 82.1 yen. Support is at 81.0.
Euro/dollar is lower at 1.294. Resistance is at 1.302.
Gold is lower at USD1742. Support is at 1643.
Shanghai closed lower at 1991.
Singapore STI closed higher at 3,011.
Ringgit is firmer at 3.048. Downside is at 3.09.
S'pore ringgit is lower at 2.494. Upside is at 2.540.
Malaysian market closed lower at 1598. On the Daily chart, the oversold RSI of 17, points to a limited downside, and a likely technical
rebound to test the overhead resistance of 1644. Support is at 1595.
Today's range is between 1595 and 1605.
CPO Feb futures is lower at RM2410. Support is at 2344.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....