Wall St closed 0.02% lower, as the quantitative easing announced by US Fed was as expected. US Fed will continue pursue bond purchase program until the unemployment rate dropped to 6.5%.
Dow of 13,245, is heading for a test on the overhead resistance of 13,290. RSI of 62 is rising.
DOLLAR INDEX is lower at 79.8. Resistance is at 81.2.
Crude oil is higher at USD86.8. Resistance is at 93.0.
Dollar yen is higher at 83.2 yen. Resistance is at 84.0.
Euro/dollar is higher at 1.307. Resistance is at 1.313.
Gold is lower at USD1708. Support is at 1643.
Shanghai closed higher at 2082.
Singapore STI closed higher at 3,141.
Ringgit is stronger at 3.048. Downside is at 3.09.
S'pore ringgit is lower at 2.497. Upside is at 2.540.
Malaysian market closed higher at 1649. On the Daily chart, the rebounding RSI of 64, points to a likely technical rebound to test the overhead resistance of 1658. Support is at 1622. Today's range is between 1644 and 1658.
CPO Feb futures is lower at RM2241. Support is at 2210.
Trading : BJTOTO (1562 : 4.50 ) : Take profit, TM (4863 : 5.80 ) : Take profit, AIRASIA (5099 : 2.75 ) : Targeting 2.94/Stop loss 2.70, PERISAI (0047 : 1.13 ) : Targeting 1.25/Stop loss 1.07
Source:Jupiter Securities Research - 13 December 2012
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....