Daily Summary - 22 Oct 2012

YOUR MORNING COFFEE – Monday 22/10/2012

SUMMARY

• Wall St closed 1.5% lower, weighted by a slew of weak earnings reports. Existing home sales up 11% from a year earlier, better than expected.
• Dow of 13,343, is on a small pullback. Support is at 13,253. RSI of 44,
• is weakening.
• DOLLAR INDEX is higher at 79.6. Resistance is at 80.2.
• Crude oil is lower at USD90.0. Support is at 88.0.
• Dollar yen is higher at 79.3 yen. Support is at 77.6.
• Euro/dollar is lower at 1.302. Resistance is at 1.3400.
• Gold is lower at USD1718. Support is at 1700.
• Shanghai closed lower at 2,128.
• Singapore STI closed lower at 3,052.
• Ringgit is weaker at 3.0570. Downside is at 3.09.
• S’pore ringgit is higher at 2.4993. Upside is at 2.540.
• Malaysian market closed higher at 1666. On the Daily chart, it is
• targeting 1710 over a longer term. Support is at 1660. RSI of 65, is on a buy divergence. Today’s range is between 1662 and 1672.
• CPO Jan futures is higher at RM2511. Support is at 2316.
• Trading : AIRASIA ( 5099 : 3.17 ) : Take profit, WTK ( 4243 : 1.10 ) : Take profit, MINHO ( 5576 : 0.59 ) : Targeting 0.66/Stop loss 0.57, PERISAI ( 0047 : 1.05 ) : Targeting 1.23/Stop loss 1.00

Source:Jupiter Securities Research, 22 October 2012