SUMMARY
- Wall St closed 0.02% higher, cautiously ahead of the corporate earnings result season starting this week. Analysts are expecting the 3Q’2012 earnings for S&P to decline 1.2%. Consumer sentiment index rose to 83.1, the highest in 5 years.
- Dow of 13,328, is on a small pullback. Support is at 13,250. RSI of 44,
- is weakening.
- DOLLAR INDEX is lower at 79.7. Resistance is at 80.8.
- Crude oil is lower at USD91.8. Resistance is at 96.6.
- Dollar yen is higher at 78.4 yen. Support is at 77.6.
- Euro/dollar is higher at 1.293. Support is at 1.2700.
- Gold is lower at USD1744. Support is at 1700.
- Shanghai closed higher at 2,104.
- Singapore STI closed higher at 3,046.
- Ringgit is weaker at 3.0650. Downside is at 3.09.
- S’pore ringgit is higher at 2.506. Upside is at 2.540.
- Malaysian market closed lower at 1653. On the Daily chart, it is
- targeting 1710 over a longer term. Support is at 1638. RSI of 57, is on
- a buy divergence. Today’s range is between 1652 and 1662.
- CPO Dec futures is lower at RM2430. Resistance is at 2574.
- Trading : SCIENTX ( 4731 : 2.94 ) : Take profit, HARTA ( 5168 : 4.64 ) : Take profit, MKLAND ( 8893 : 0.38 ) : Take profit, GENTING ( 3182 : 8.80 ) : Targeting 9.20/Stop loss 8.65
Source:Jupiter Securities Research, 15 October 2012
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