Wall St closed 0.5% higher, awaiting for some agreement over resolving the fiscal cliff. US 3Q'2012 GDP rose a robust 3.1%, much higher than the 2Q'2012 of 1.3%. Weekly initial jobless claims rose to 361,000. Existing home sales rose 5.9% in November. Manufacturing activity in the Philadelphia area rose to 8.1.
Dow of 13,311, is on a support at 13,000. RSI of 60 is up.
DOLLAR INDEX is lower at 79.2. Support is at 78.9.
Crude oil is higher at USD89.7. Resistance is at 93.0.
Dollar yen is higher at 84.4 yen. Resistance is at 85.0.
Euro/dollar is lower at 1.322. Support is at 1.302.
Gold is lower at USD1647. Support is at 1630.
Shanghai closed higher at 2168.
Singapore STI closed higher at 3,175.
Ringgit is weaker at 3.058. Downside is at 3.09.
S'pore ringgit is higher at 2.508. Upside is at 2.540.
Malaysian market closed higher at 1670. On the Daily chart, it is heading for a retest on the previous high of 1679. RSI is at 72.
Support is at 1650. Today's range is between 1666 and 1676.
CPO March futures is lower at RM2321. Resistance is at 2516.
Trading : KULIM (2003 : 4.80 ) : Take profit, GENM (4715 : 3.60 ) : Take profit, PERDANA (7108 : 1.07 ) : Take profit, MYEG (0138 : 0.80 ) : Take profit
Source: Jupiter Securities Research - 21 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....