Wall St closed 0.7% higher, on hope of a deal to resolve the fiscal cliff. Congress has offered to extend the debt limit by a year, and allowing tax on the wealthiest.
Dow of 13,235, has recovered. Resistance is at 13,600. RSI of 59 is up.
DOLLAR INDEX is lower at 79.6. Support is at 79.4.
Crude oil is higher at USD87.2. Resistance is at 93.0.
Dollar yen is lower at 83.8 yen. Resistance is at 84.0.
Euro/dollar is higher at 1.316. Resistance is at 1.317.
Gold is lower at USD1696. Support is at 1643.
Shanghai closed higher at 2160.
Singapore STI closed lower at 3,158.
Ringgit is weaker at 3.050. Downside is at 3.09.
S'pore ringgit is higher at 2.505. Upside is at 2.540.
Malaysian market closed lower at 1648. 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 1644 and 1654.
CPO March futures is higher at RM2350. Resistance is at 2516.
Trading : BRIGHT (9938 : 1.79 ) : Take profit BENALEC (5190 : 1.41 ) : Take profit THHEAVY (7206 : 0.56 ) : Take profit UOAREIT (5110 : 1.36 ) : Targeting 1.47/Stop loss 1.33
Source: Jupiter Securities Research - 18 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....