Wall St closed 2.3% higher, following a fiscal cliff deal. US Senate passed a budget deal with spending cuts. This would postpone Congress' fiscal feud, until February, over raising the USD16.4 trillion debt limit.
Dow of 13,412, is heading for a test on the resistance of 13,661. RSI of 61, is rebounding.
DOLLAR INDEX is higher at 79.8. Resistance is at 80.2.
Crude oil is higher at USD93.1. Resistance is at 95.3.
Dollar yen is higher at 87.2 yen. Resistance is at 93.0.
Euro/dollar is lower at 1.318. Support is at 1.302.
Gold is higher at USD1688. Support is at 1630.
Shanghai closed higher at 2269.
Singapore STI closed higher at 3,201.
Ringgit is stronger at 3.032. Upside is at 3.02.
S'pore ringgit is lower at 2.485. Support is at 2.477.
Malaysian market closed lower at 1674. On the Daily chart, the downside is supported at 1666. RSI of 63, is on a small pullback. Today's range is between 1672 and 1682.
CPO March futures is higher at RM2501. Resistance is at 2570.
Trading : PERDANA (7108 : 1.11 ) : Targeting 1.29/Stop loss 1.07, QL (7084 : 3.13 ) : Targeting 3.30/Stop loss 3.08, HIBISCS (5199 : 1.46 ) : Targeting 1.65/Stop loss 1.40
Source: Jupiter Securities Research - 03 January 2013
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....