Wall St closed 0.4% lower, as uncertainty over the fiscal cliff continued in spite of positive news. Retail sales rebounded in November, up 0.3% in the month. Weekly initial jobless claims dipped to 343,000.
Dow of 13,170, has retreated from the overhead resistance of 13,330. Support is at 12,900. RSI of 57 is down.
DOLLAR INDEX is higher at 79.9. Resistance is at 81.2.
Crude oil is lower at USD85.8. Resistance is at 93.0.
Dollar yen is higher at 83.6 yen. Resistance is at 84.0.
Euro/dollar is higher at 1.307. Resistance is at 1.313.
Gold is lower at USD1696. Support is at 1643.
Shanghai closed lower at 2061.
Singapore STI closed higher at 3,156.
Ringgit is weaker at 3.060. Downside is at 3.09.
S'pore ringgit is higher at 2.505. Upside is at 2.540.
Malaysian market closed higher at 1652. On the Daily chart, it has been capped at the overhead resistance of 1658, indicating a likely pullback. Support is at 1635. Today's range is between 1646 and 1656.
CPO Feb futures is lower at RM2230. Support is at 2210.
Trading : DIGI (6947 : 5.05 ) : Take profit DAYANG (5141 : 2.47 ) : Targeting 2.70/Stop loss 2.38 GAMUDA (5398 : 3.64 ) : Targeting 3.90/Stop loss 3.54
Source: Jupiter Securities Research - 14 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....