Fool Trader KLSE Research

Daily Summary - 10 Dec 2012

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Publish date: Mon, 10 Dec 2012, 05:59 PM
YOUR MORNING COFFEE ' Monday 10/12/2012

SUMMARY
  • Wall St closed 0.6% higher, as unemployment dipped to a 4 year low of 7.7%. There were 146,000 jobs added, against 77,000 estimate.The consumer confidence index dipped to 74.5, was a dampener. Dow of 13,155, is heading for a test on the overhead resistance of 13,290. RSI of 58, is rising.
  • DOLLAR INDEX is higher at 80.4. Resistance is at 81.2.
  • Crude oil is lower at USD85.9. Resistance is at 93.0.
  • Dollar yen is higher at 82.6 yen. Resistance is at 84.0.
  • Euro/dollar is lower at 1.291. Support is at 1.280.
  • Gold is higher at USD1703. Support is at 1643.
  • Shanghai closed higher at 2061.
  • Singapore STI closed higher at 3,107.
  • Ringgit is weaker at 3.054. Downside is at 3.09.
  • S'pore ringgit is higher at 2.503. Upside is at 2.540.
  • Malaysian market closed higher at 1617. On the Daily chart, the rebounding RSI of 40, points to a likely technical rebound to test the overhead resistance of 1644. Support is at 1595. Today's range is between 1612 and 1622.
  • CPO Feb futures is lower at RM2297. Support is at 2275.
  • Trading : TAKASO (7071 : 0.33 ) : Take profit, WINGTM (2976 : 1.85 ) : Targeting 1.98/Stop loss 1.79, HOVID (7213 : 0.26 ) : Targeting 0.33/Stop loss 0.24

Source:Jupiter Securities Research, 10 December 2012

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