Morning Coffee - 30 Nov 2012

MARKET ROUNDUP (Source Bloomberg)

U.S. Stocks Climb Amid Optimism Over Budget Negotiations; amid investor optimism that lawmakers will reach a resolution in federal budget negotiations. The S&P 500 increased 0.4 percent to 1,415.95, the highest level since Nov. 6, at 4 p.m. in New York. The Dow Jones Industrial Average rose 36.71 points, or 0.3 percent, to 13,021.82. About 6.2 billion shares traded hands on U.S. exchanges today, in line with the three-month average, according to data compiled by Bloomberg.

European Stocks Climb Amid Optimism on U.S. Budget Talks; as optimism grew that U.S. President Barack Obama will reach an agreement with Congress on a new budget. The U.K.’s FTSE 100 climbed 1.2 percent, France’s CAC 40 gained 1.5 percent and Germany’s DAX added 0.8 percent.

Oil Trims First Monthly Gain Since August as Rise Seen Excessive; amid signs that the biggest daily rise in almost two weeks was excessive. Crude for January delivery dropped as much as 60 cents to $87.47 a barrel in electronic trading on the New York Mercantile Exchange and was at $87.59 at 10:39 a.m. Sydney time. The contract increased $1.58 yesterday to $88.07. Prices are down 0.8 percent this week and up 1.6 percent this month.

Source:Jupiter Securities Research, 30 November 2012

Stock Overview - POS - 30 Nov 2012

POS (4634 : 3.14 ) : Take profit

Description

Resistance : 3.18
Support : 3.04

RSI of 66
RSI is recovering

STOCHASTIC
It is overbought, indicating a small pullback

Comment
On the buy call of 27/11/2012 at 2.94, we are recommending to take profit due to a possible pullback

Trading Strategy
Take profit

Source:Jupiter Securities Research, 30 November 2012

Stock Overview - BENALEC - 30 Nov 2012

BENALEC (5190 : 1.29 ) : Buy below 1.25

Description

Resistance : 1.40
Support : 1.24

RSI of 37
RSI is approaching oversold

STOCHASTIC
It is on base forming

Comment
With support at 1.24, it is heading for a test on the 1.40 resistance

Trading Strategy
Buy below 1.25. Stop loss is at 1.20

Source:Jupiter Securities Research, 30 November 2012

Stock Overview - AXIATA - 30 Nov 2012

AXIATA (6888 : 5.93 ) : Take profit

Description

Resistance : 6.00
Support : 5.78

RSI of 43
RSI is recovering

STOCHASTIC
It is overbought, indicating a small pullback

Comment
On the buy call of 28/11/2012 at 5.62, we are recommending to take profit due to a possible pullback

Trading Strategy
Take profit

Source:Jupiter Securities Research, 30 November 2012

Daily Summary - 30 Nov 2012

YOUR MORNING COFFEE – Friday 30/11/2012

SUMMARY

• Wall St closed 0.3% higher due to improving economy. Focus remains on the fiscal cliff. Weekly initial jobless claims dipped to 393,000. US 3Q’2012 GDP grew 2.7%. Pending home sales jumped 5.2%.
• Dow of 13,021, is heading for a test on the overhead resistance of 13,290. RSI of 52, is recovering.
• DOLLAR INDEX is lower at 80.2. Support is at 79.6.
• Crude oil is higher at USD88.0. Resistance is at 93.0.
• Dollar yen is higher at 82.1 yen. Support is at 81.0.
• Euro/dollar is higher at 1.297. Resistance is at 1.302.
• Gold is higher at USD1725. Support is at 1643.
• Shanghai closed lower at 1963.
• Singapore STI closed higher at 3,045.
• Ringgit is firmer at 3.048. Downside is at 3.09.
• S’pore ringgit is lower at 2.494. Upside is at 2.540.
• Malaysian market closed higher at 1607. On the Daily chart, the oversold RSI of 29, points to a likely technical rebound to test the overhead resistance of 1644. Support is at 1595. Today’s range is between 1604 and 1614.
• CPO Feb futures is lower at RM2386. Support is at 2344.
• Trading : AXIATA (6888 : 5.92 ) : Take profit, BENALEC (5190 : 1.29 ) : Buy below 1.25, POS (4634 : 3.12 ) : Take profit

Source:Jupiter Securities Research, 30 November 2012

Morning Coffee - 29 Nov 2012

MARKET ROUNDUP (Source Bloomberg)

U.S. Stocks Rise as Boehner, Obama Fuel Optimism on Talks; after comments by Speaker of the House John Boehner and President Barack Obama fueled optimism an agreement can be reached in budget talks. The S&P 500 climbed 0.8 percent to 1,409.93 in New York, after erasing a decline of as much as 1 percent. The Dow Jones Industrial Average added 106.98 points, or 0.8 percent, to 12,985.11 today. About 6.1 billion shares traded hands on U.S. exchanges today, in line with the three-month average, according to data compiled by Bloomberg.

Europe Stocks Little Changed Amid U.S. Budget Talks; as investors assessed conflicting reports about the progress of U.S. budget negotiations aimed at avoiding automatic tax increases and spending cuts from coming into force next year. France’s CAC 40 Index gained 0.4 percent, while the U.K.’s FTSE 100 added less than 0.1 percent. Germany’s DAX advanced 0.2 percent.

Oil Snaps Three-Day Drop on Falling Supplies, U.S. Budget Talks; after stockpiles unexpectedly fell and U.S. leaders said they’re optimistic a budget agreement can be reached in the the world’s biggest crude consumer. Crude for January delivery climbed as much as 23 cents to $86.72 a barrel in electronic trading on the New York Mercantile Exchange and was at $86.62 at 10:53 a.m. Sydney time. The contract pared a decline of as much as $1.82 yesterday to close down 69 cents at $86.49, the lowest since Nov. 15. Prices have fallen 12 percent this year.

Source:Jupiter Securities Research, 29 November 2012

Stock Overview - TM - 29 Nov 2012

TM (4863 : 5.50 ) : Targeting 5.85/Stop loss 5.36

Description

Resistance : 6.00
Support : 5.42

RSI of 39
RSI is on a spike-up

STOCHASTIC
It is oversold

Comment
With oversold technicals, it is on a technical rebound

Trading Strategy
Buy. Stop loss is at 5.36

Source:Jupiter Securities Research, 29 November 2012

Daily Summary - 29 Nov 2012

YOUR MORNING COFFEE – Thursday 29/11/2012

SUMMARY

• Wall St closed 0.8% higher, focusing on the fiscal cliff. New home sales fell 0.3% from last month. US Fed Beige book reported a slow expansion in the 12 districts.
• Dow of 12,985, is heading for a test on the overhead resistance of 13,290. RSI of 50, is recovering.
• DOLLAR INDEX is lower at 80.3. Support is at 79.6.
• Crude oil is lower at USD86.5. Resistance is at 93.0.
• Dollar yen is higher at 82.1 yen. Support is at 81.0.
• Euro/dollar is lower at 1.294. Resistance is at 1.302.
• Gold is lower at USD1722. Support is at 1643.
• Shanghai closed lower at 1973.
• Singapore STI closed lower at 3,011.
• Ringgit is firmer at 3.048. Downside is at 3.09.
• S’pore ringgit is lower at 2.494. Upside is at 2.540.
• Malaysian market closed higher at 1606. On the Daily chart, the oversold RSI of 28, points to a limited downside, and a likely technical rebound to test the overhead resistance of 1644. Support is at 1595.
• Today’s range is between 1600 and 1614.
• CPO Feb futures is lower at RM2394. Support is at 2344.
• Trading : TM (4863 : 5.50 ) : Targeting 5.85/Stop loss 5.36

Source:Jupiter Securities Research, 29 November 2012

Stock Overview - AXIATA - 28 Nov 2012

AXIATA ( 6888 : 5.62 ) : Targeting 6.00/Stop loss 5.40

Description

Resistance : 6.00
Support : 5.48

RSI of 22
RSI is oversold

STOCHASTIC
It is oversold

Comment
With oversold technicals, the downside is limited, and it is due for a technical rebound

Trading Strategy
Buy. Stop loss is at 5.40

Source:Jupiter Securities Research, 28 November 2012

Daily Summary - 28 Nov 2012

YOUR MORNING COFFEE – Wednesday 28/11/2012

SUMMARY

• Wall St closed 0.7% lower, focusing on the fiscal cliff and ignoring the positive housing and consumer confidence data. And the deal to avoid debt defaulting in Greece. Home prices gained 3.6%, the biggest increase since 2010.
• Dow of 12,878, is on a small pullback, with a support of 12,700. RSI of 45, is recovering.
• DOLLAR INDEX is higher at 80.4. Support is at 79.6.
• Crude oil is lower at USD87.2. Resistance is at 93.0.
• Dollar yen is higher at 82.1 yen. Support is at 81.0.
• Euro/dollar is lower at 1.294. Resistance is at 1.302.
• Gold is lower at USD1742. Support is at 1643.
• Shanghai closed lower at 1991.
• Singapore STI closed higher at 3,011.
• Ringgit is firmer at 3.048. Downside is at 3.09.
• S’pore ringgit is lower at 2.494. Upside is at 2.540.
• Malaysian market closed lower at 1598. On the Daily chart, the oversold RSI of 17, points to a limited downside, and a likely technical
• rebound to test the overhead resistance of 1644. Support is at 1595.
• Today’s range is between 1595 and 1605.
• CPO Feb futures is lower at RM2410. Support is at 2344.
• Trading : AXIATA ( 6888 : 5.62 ) : Targeting 6.00/Stop loss 5.40

Source:Jupiter Securities Research, 28 November 2012

Morning Coffee - 28 Nov 2012

MARKET ROUNDUP (Source Bloomberg)

U.S. Stocks Fall as Budget Negotiations Overshadow Greece; as concern about progress in Washington budget negotiations overshadowed a European agreement on Greece aid and a better- than-forecast report on durable goods. The S&P 500 fell 0.5 percent to 1,398.94 in New York. The Dow Jones Industrial Average (INDU) lost 89.24 points, or 0.7 percent, to 12,878.13. More than 5.9 billion shares traded hands on U.S. exchanges, or 2.6 percent below the three-month average at this time of day,according to data compiled by Bloomberg.

Europe Stocks Gain as Finance Ministers Agree Greek Deal; after euro- region finance ministers eased the terms of aid for Greece and cleared the way for a loan instalment in December. France’s CAC 40 Index was little changed, while Germany’s DAX Index rose 0.6 percent. The U.K.’s FTSE 100 Index gained 0.2 percent.

Oil Trades Near One-Week Low as U.S. Crude Stockpiles Increase; after an industry-funded report showed rising stockpiles in the U.S., the world’s biggest crude consumer. Crude for January delivery was at $87.14 a barrel, down 4 cents, in electronic trading on the New York Mercantile Exchange at 10:52 a.m. Sydney time. The contract decreased 56 cents yesterday to $87.18, the lowest since Nov. 20. Prices are down 12 percent this year.

Source:Jupiter Securities Research, 28 November 2012

Morning Coffee - 27 Nov 2012

MARKET ROUNDUP (Source Bloomberg)

U.S. Stocks Fall Amid Talks on Fiscal Cliff, Greek Aid; as lawmakers prepared to debate the so-called fiscal cliff and euro-area finance ministers discuss Greek aid. The S&P 500 (SPX) fell 0.2 percent to 1,406.29 in New York, after the benchmark index jumped 3.6 percent last week. The Dow Jones Industrial Average slid 42.31 points, or 0.3 percent, to 12,967.37 today. More than 5.3 billion shares traded hands on U.S. exchanges today, or 13 percent below the three-month average, according to data compiled by Bloomberg.

European Stocks Decline as Ministers Debate Greek Rescue; following the benchmark Stoxx Europe 600 Index’s biggest weekly rally this year, as euro-area finance ministers met for a third time this month on Greece’s finances. The Stoxx 600 lost 0.5 percent to 272 at the close in London, falling for the first time in six days. The gauge jumped 4 percent last week as optimism grew
that Congress will agree on a U.S. budget that avoids automatic tax increases and spending cuts, and data showed China’s manufacturing expanded. France’s CAC slid 0.8 percent, Germany’s DAX dropped 0.2 percent and the U.K.’s FTSE 100 lost 0.6 percent.

Oil Fall as European Finance Ministers Meet on Greece; and as American leaders prepared to wrestle with a budget agreement. Crude oil for January delivery declined 54 cents to settle at $87.74 a barrel on the New York Mercantile Exchange. Prices are down 11 percent this year

Source:Jupiter Securities Research, 27 November 2012

Stock Overview - POS - 27 Nov 2012

POS ( 4634 : 2.94 ) : Targeting 3.18/Stop loss 2.80

Description

Resistance : 3.18
Support : 2.92

RSI of 32
RSI is oversold

STOCHASTIC
It is oversold

Comment
With oversold technicals, the downside is limited, and it is due for a technical rebound

Trading Strategy
Buy. Stop loss is at 2.80

Source:Jupiter Securities Research, 27 November 2012

Daily Summary - 27 Nov 2012

YOUR MORNING COFFEE – Tuesday 27/11/2012

SUMMARY

• Wall St closed 0.3% lower, on worries over Europe and the fiscal cliff.
• Dow of 12,967, is heading for a test on the 13,290 resistance. RSI of
• 49, is recovering.
• DOLLAR INDEX is lower at 80.2. Support is at 79.6.
• Crude oil is lower at USD87.7. Resistance is at 93.0.
• Dollar yen is lower at 81.9 yen. Support is at 81.0.
• Euro/dollar is higher at 1.298. Resistance is at 1.302.
• Gold is higher at USD1750. Support is at 1643.
• Shanghai closed lower at 2,017.
• Singapore STI closed higher at 3,004.
• Ringgit is firmer at 3.051. Downside is at 3.09.
• S’pore ringgit is lower at 2.497. Upside is at 2.540.
• Malaysian market closed lower at 1607. On the Daily chart, the oversold RSI of 21, points to a limited downside, and a likely technical rebound to test the overhead resistance of 1644. Support is at 1595.
• Today’s range is between 1603 and 1613.
• CPO Feb futures is lower at RM2395. Support is at 2344.
• Trading : POS ( 4634 : 2.94 ) : Targeting 3.18/Stop loss 2.80

Source:Jupiter Securities Research, 27 November 2012

Morning Coffee - 26 Nov 2012

MARKET ROUNDUP (Source Bloomberg)

U.S. Stocks Have Best Weekly Rally Since June on Budget; after President Barack Obama expressed confidence on a budget agreement with Congress and data from China to Germany bolstered optimism about global growth. All 10 groups except for utilities in the Standard & Poor’s 500 Index rose during the Thanksgiving-shortened week. An index of homebuilders climbed 5.4 percent amid better-than-estimated housing data. The S&P 500 advanced 3.6 percent to 1,409.15 for the week, extending its 2012 gain to
12 percent. The Dow Jones Industrial Average rallied 421.37 points, or 3.4 percent, to 13,009.68. Both gauges had the best week since June 8. The S&P 500 began the week with the biggest advance in two months after Obama met with senior Democrats and Republicans on Nov. 16 for talks to avoid a so-called fiscal cliff of $607 billion in automatic tax increases and spending cuts next year.

U.K. Stocks Rise For Fifth Day; extending the benchmark FTSE 100 (UKX) Index’s biggest-weekly advance in almost a year, as business confidence rebounded in Europe’s two largest economies. The FTSE 100 added 28.11 points, or 0.5 percent, to 5,819.14 at the close in London. The gauge has climbed 3.8 percent this week amid optimism U.S. policy makers will reach an agreement to avoid a budget deadlock and as a report signaled manufacturing expanded in China this month. The German Ifo institute said its business climate index, based on a survey of 7,000 executives, climbed to 101.4 from 100 in October, the first gain in eight months. The median economist forecast was for a drop to 99.5. In France, sentiment among factory executives rose to 88 in November from the lowest level in more than three years, according to the national statistics office Insee. That followed a drop to 85 in October and beat the median economist forecast for a reading of 87.

Oil Caps Weekly Gain on German Business Confidence; as German business confidence unexpectedly rose in November, a signal Europe’s largest economy may expand. Crude oil for January delivery rose 90 cents to $88.28 a barrel on the New York Mercantile Exchange, the highest settlement since Nov. 6. Futures climbed 1.9 percent this week, the biggest gain since the five days ended Oct. 12. Prices are down 11 percent this year.

Source:Jupiter Securities Research, 26 November 2012

Stock Overview - MBFHLDG - 26 Nov 2012

MBFHLDG ( 1236 : 1.25 ) : Targeting 1.36/Stop loss 1.18

Description

Resistance : 1.36
Support : 1.18

RSI of 67
RSI is rising

STOCHASTIC
It is on an upswing

Comment
Following the consolidation breakout, it is heading for 1.36

Trading Strategy
Buy. Stop loss is at 1.18

Source:Jupiter Securities Research, 26 November 2012

Stock Overview - BRIGHT - 26 Nov 2012

BRIGHT ( 9938 : 1.70 ) : Targeting 1.94/Stop loss 1.64

Description

Resistance : 1.94
Support : 1.64

RSI of 69
RSI is rising

STOCHASTIC
It is on an upswing

Comment
The current run up is heading for 1.94

Trading Strategy
Buy. Stop loss is at 1.64

Source:Jupiter Securities Research, 26 November 2012

Daily Summary - 26 Nov 2012

YOUR MORNING COFFEE – Monday 26/11/2012

SUMMARY

• Wall St closed 1.3% higher, cheered by the droves of shoppers in the holiday season of Thanksgiving. Worries over Europe and the fiscal cliff remain.
• Dow of 13,009, is heading for a test on the 13,290 resistance. RSI of 51, is recovering.
• DOLLAR INDEX is lower at 80.2. Support is at 79.6.
• Crude oil is higher at USD88.2. Resistance is at 93.0.
• Dollar yen is higher at 82.5 yen. Resistance is at 83.4.
• Euro/dollar is higher at 1.297. Resistance is at 1.302.
• Gold is higher at USD1750. Support is at 1643.
• Shanghai closed higher at 2,027.
• Singapore STI closed higher at 2,989.
• Ringgit is firmer at 3.049. Downside is at 3.09.
• S’pore ringgit is lower at 2.495. Upside is at 2.540.
• Malaysian market closed lower at 1614. On the Daily chart, the oversold RSI of 23, points to a limited downside, and a likely technical rebound to test the overhead resistance of 1644. Today’s range is between 1612 and 1622.
• CPO Feb futures is lower at RM2395. Support is at 2344.
• Trading : MBFHLDG ( 1236 : 1.25 ) : Targeting 1.36/Stop loss 1.18, BRIGHT ( 9938 : 1.70 ) : Targeting 1.94/Stop loss 1.64

Source:Jupiter Securities Research, 26 November 2012

Stock Overview - BRAHIMS - 23 Nov 2012

BRAHIMS ( 9474 : 0.915 ) : Targeting 1.08

Description

Resistance : 1.08
Support : 0.88

RSI of 71
RSI is overbought

STOCHASTIC
It is on an upswing

Comment
The current rise is heading for 1.08

Trading Strategy
Buy. Stop loss is at 0.88

Source:Jupiter Securities Research, 23 November 2012

Stock Overview - YINSON - 23 Nov 2012

YINSON ( 7293 : 1.87 ) : Targeting 2.04

Description

Resistance : 2.04
Support : 1.77

RSI of 55
RSI is neutral

STOCHASTIC
It is on an upswing

Comment
While it is consolidating, it is expected to head higher to 2.04 Trading

Strategy
Buy. Stop loss is at 1.77

Source:Jupiter Securities Research, 23 November 2012

Stock Overview - NAIM - 23 Nov 2012

NAIM ( 5073 : 1.95 ) : Take profit

Description

Resistance : 2.00
Support : 1.92

RSI of 53
RSI is neutral

STOCHASTIC
It is approaching overbought

Comment
On the buy call of 5/10/2012 at 1.86, we are recommending to take profit as technicals are approaching overbought

Trading Strategy
Take profit

Source:Jupiter Securities Research, 23 November 2012

Daily Summary - 23 Nov 2012

YOUR MORNING COFFEE – Friday 23/11/2012

SUMMARY

• Wall St closed on Thursday for Thanksgiving. And a half trading day for Friday. Worries over Europe and the fiscal cliff remain.
• Dow of 12,836, is heading for a test on the 13,290 resistance. RSI of 42, is recovering.
• DOLLAR INDEX is lower at 80.7. Support is at 80.2.
• Crude oil is higher at USD86.9. Resistance is at 93.0.
• Dollar yen is higher at 82.4 yen. Resistance is at 83.4.
• Euro/dollar is higher at 1.287. Resistance is at 1.2900.
• Gold is higher at USD1730. Support is at 1643.
• Shanghai closed lower at 2,015.
• Singapore STI closed higher at 2,986.
• Ringgit is firmer at 3.060. Downside is at 3.09.
• S’pore ringgit is lower at 2.498. Upside is at 2.540.
• Malaysian market closed lower at 1618. On the Daily chart, it is targeting 1710 over a longer term. Support is at 1612. RSI of 25, is oversold. Today’s range is between 1615 and 1625.
• CPO Jan futures is lower at RM2374. Resistance is at 2630.
• Trading : NAIM ( 5073 : 1.95 ) : Take profit, BRAHIMS ( 9474 : 0.915 ) : Targeting 1.08, YINSON ( 7293 : 1.87 ) : Targeting 2.04

Source:Jupiter Securities Research, 23 November 2012

Morning Coffee - 23 Nov 2012

MARKET ROUNDUP (Source Bloomberg)

The U.S. markets are closed for the Thanksgiving holiday.

European Stocks Advance on China Manufacturing Expansion; posting the longest winning streak in five weeks, after a report signaled Chinese manufacturing expanded for the first time in 13 months. Euro-area factory output contracted less than economists had estimated, another Markit report showed. The measure of manufacturing climbed to 46.2 this month from 45.4 in October. That beat the average economist estimate of 45.6 in a Bloomberg survey. Separate manufacturing PMIs for Germany and France, Europe’s two biggest economies, also beat projections. France’s CAC 40 increased 0.6 percent, the U.K.’s FTSE 100 rose 0.7 percent and Germany’s DAX jumped 0.8 percent.

Oil Heads for Third Weekly Gain on Mideast Concern, U.S. Supply; renewed concern about the threat to Middle East supplies and U.S. crude stockpiles unexpectedly dropped. There was no settlement yesterday because floor trading was closed for the Thanksgiving holiday. Crude for January delivery traded at $87.10 a barrel, down 28 cents, or 0.3 percent, in electronic trading on the New York Mercantile Exchange at 7:32 a.m. in Singapore. The contract climbed 63 cents Nov. 21 to $87.38. Prices are down 12 percent this year.

Source:Jupiter Securities Research, 23 November 2012

Morning Coffee - 22 Nov 2012

BURSA MALAYSIA TRADE STATISTICS Participation Bought Sold Net
21 November 2012 (Source Bursa Malaysia) (%) (RMm) (RMm) (RMm)
Local Institutions 54.2 855.2 863.2 –8.0
Local Retail 17.1 276.4 264.3 12.1
Foreign 28.7 454.4 458.5 –4.1
100.0 1586.0 1586.0 0.0

Source:Jupiter Securities Research, 22 November 2012

Stock Overview - PERISAI - 22 Nov 2012

PERISAI ( 0047 : 1.16 ) : Take profit

Description

Resistance : 1.23
Support : 1.10

RSI of 71
RSI is overbought

STOCHASTIC
It is approaching overbought

Comment
On the buy call of 22/10/2012 at 1.05, we are recommending to take profit as technicals are approaching overbought

Trading Strategy
Take profit

Source:Jupiter Securities Research, 22 November 2012

Stock Overview - KBUNAI - 22 Nov 2012

KBUNAI ( 3115 : 0.155 ) : Targeting 0.22/Stop loss 0.14

Description

Resistance : 0.22
Support : 0.14

RSI of 65
RSI is on the rise

STOCHASTIC
It is on an upswing

Comment
The current recovery is heading for 0.22

Trading Strategy
Buy. Stop loss is 0.14

Source:Jupiter Securities Research, 22 November 2012

Stock Overview - DAYANG - 22 Nov 2012

DAYANG ( 5141 : 2.34 ) : Take profit

Description

Resistance : 2.37
Support : 2.27

RSI of 69
RSI is overbought

STOCHASTIC
It is approaching overbought

Comment
On the buy call of 17/10/2012 at 2.20, we are recommending to take profit as technicals are approaching overbought

Trading Strategy
Take profit

Source:Jupiter Securities Research, 22 November 2012

Daily Summary - 22 Nov 2012

YOUR MORNING COFFEE – Thursday 22/11/2012

SUMMARY

• Wall St closed 0.4% higher, ignoring Europe and the fiscal cliff, as it focused on jobs data. Weekly initial jobless claims of 410,000 were better than expected. Market closed on Thursday for Thanksgiving.
• Dow of 12,836, is heading for a test on the 13,290 resistance. RSI of 42, is recovering.
• DOLLAR INDEX is higher at 80.9. Support is at 80.2.
• Crude oil is higher at USD86.9. Resistance is at 93.0.
• Dollar yen is higher at 82.4 yen. Resistance is at 83.4.
• Euro/dollar is higher at 1.285. Resistance is at 1.2900.
• Gold is higher at USD1729. Support is at 1643.
• Shanghai closed lower at 2,008.
• Singapore STI closed higher at 2,958.
• Ringgit is firmer at 3.060. Downside is at 3.09.
• S’pore ringgit is lower at 2.498. Upside is at 2.540.
• Malaysian market closed lower at 1622. On the Daily chart, it is targeting 1710 over a longer term. Support is at 1620. RSI of 27, is oversold. Today’s range is between 1620 and 1630.
• CPO Jan futures is lower at RM2408. Resistance is at 2630.
• Trading : DAYANG ( 5141 : 2.34 ) : Take profit, PERISAI ( 0047 : 1.16 ) : Take profit, KBUNAI ( 3115 : 0.155 ) : Targeting 0.22/Stop loss 0.14

Source:Jupiter Securities Research, 22 November 2012

Stock Overview - MPHB - 21 Nov 2012

MPHB ( 3859 : 3.74 ) : Take profit

Description

Resistance : 3.78
Support : 3.68

RSI of 65
RSI is up

STOCHASTIC
It is approaching overbought

Comment
On the buy call of 10/9/2012 at 3.64, we are recommending to take profit as technicals are approaching overbought

Trading Strategy
Take profit

Source:Jupiter Securities Research, 21 November 2012

Stock Overview - PERDANA - 21 Nov 2012

PERDANA ( 7108 : 0.99 ) : Targeting 1.15/Stop loss 0.94

Description

Resistance : 1.15
Support : 0.94

RSI of 65
RSI is on the rise

STOCHASTIC
It is on an upswing

Comment
The current recovery is heading for 1.15

Trading Strategy
Buy. Stop loss is 0.94

Source:Jupiter Securities Research, 21 November 2012

Stock Overview - AIRPORT- 21 Nov 2012

AIRPORT ( 5014 : 5.73 ) : Targeting 6.10/Stop loss 5.65

Description

Resistance : 6.10
Support : 5.65

RSI of 44
RSI is slightly weak

STOCHASTIC
It is neutral

Comment
The current recovery is heading for a test on the 6.10 resistance

Trading Strategy
Buy. Stop loss is 5.65

Source:Jupiter Securities Research, 21 November 2012

Daily Summary - 21 Nov 2012

YOUR MORNING COFFEE – Wednesday 21/11/2012

SUMMARY

• Wall St closed 0.06% lower, led by a sharp sell off in HP, worries over Europe and the fiscal cliff. Housing starts rose to the highest level in 4 years. Market closed on Thursday for Thanksgiving.
• Dow of 12,788, is heading for a test on the 13,290 resistance. RSI of 40, is recovering.
• DOLLAR INDEX is higher at 80.9. Support is at 80.2.
• Crude oil is lower at USD86.3. Resistance is at 93.0.
• Dollar yen is higher at 81.8 yen. Resistance is at 81.8.
• Euro/dollar is higher at 1.281. Support is at 1.2700.
• Gold is lower at USD1727. Support is at 1643.
• Shanghai closed lower at 2,008.
• Singapore STI closed higher at 2,958.
• Ringgit is firmer at 3.060. Downside is at 3.09.
• S’pore ringgit is lower at 2.498. Upside is at 2.540.
• Malaysian market closed higher at 1624. On the Daily chart, it is targeting 1710 over a longer term. Support is at 1620. RSI of 29, is oversold. Today’s range is between 1622 and 1632.
• CPO Jan futures is lower at RM2424. Resistance is at 2630.
• Trading : AIRPORT ( 5014 : 5.73 ) : Targeting 6.10/Stop loss 5.65, MPHB ( 3859 : 3.74 ) : Take profit, PERDANA ( 7108 : 0.99 ) : Targeting 1.15/Stop loss 0.94

Source:Jupiter Securities Research, 21 November 2012

Morning Coffee - 21 Nov 2012

MARKET ROUNDUP (Source Bloomberg)

S&P 500 Erases Earlier Loss as Housing Report Tempers HP; as an increase in housing starts tempered a tumble in Hewlett- Packard Co. (HPQ) shares. The S&P 500 (SPX) rose 0.1 percent to 1,387.82 at 4 p.m. New York time, after falling 0.7 percent earlier. It had rallied 2.5 percent over the previous two days. The Dow Jones Industrial Average slid 7.45 points, or 0.1 percent, to 12,788.51. Volume for exchange-listed stocks in the U.S. was 5.6 billion shares, or 7.8 percent below the three-month daily average.

European Stocks Gain Amid Speculation of Greek Aid Deal; amid speculation the region’s finance ministers will agree on a Greek financing deal and optimism Israelis and Palestinians will sign up to a cease-fire in Gaza. France’s CAC 40 and Germany’s DAX climbed 0.7 percent, while the U.K.’s FTSE 100 Index increased 0.2 percent.

Oil Falls on Signs Gaza Cease-Fire Imminent; as Hamas said a draft accord for a cease-fire that would end fighting between Israel and Palestinian groups in the Gaza Strip is almost ready. Crude oil for January delivery declined $2.53 to settle at $86.75 a barrel on the New York Mercantile Exchange. It was the biggest decrease since Nov. 7. The contract surged to $89.28 yesterday, the highest settlement since Oct. 19. Prices have dropped 12 percent this year.

Source:Jupiter Securities Research, 21 November 2012

Stock Overview - ITRONIC - 20 Nov 2012

ITRONIC ( 9393 : 0.42 ) : Targeting 0.52/Stop loss 0.38

Description
Communication equipments

Resistance : 0.52
Support : 0.38

RSI of 21
RSI is oversold

STOCHASTIC
It is oversold

Comment
Following the recent sell down, it has gone oversold, indicating a likely technical rebound

Trading Strategy
Buy. Stop loss is at 0.38

Source:Jupiter Securities Research, 20 November 2012

Stock Overview - MRCB - 20 Nov 2012

MRCB ( 1651 : 1.77 ) : Targeting 1.94/Stop loss 1.70

Description

Resistance : 1.94
Support : 1.70

RSI of 62
RSI is rising

STOCHASTIC
It is on an upswing

Comment
The current recovery is heading for 1.94

Trading Strategy
Buy. Stop loss is at 1.70

Source:Jupiter Securities Research, 20 November 2012

Stock Overview - ASTRO - 20 Nov 2012

ASTRO ( 6399 : 2.71 ) : Take profit

Description

Resistance : 2.74
Support : 2.65

RSI of 36
RSI is neutral

STOCHASTIC
It is overbought

Comment
On the buy call of 9/11/2012 at 2.65, we are recommending to take profit. The upside appears to be capped at 2.74 suggesting a likely pullback to 2.65

Trading Strategy
Take profit

Source:Jupiter Securities Research, 20 November 2012

Daily Summary - 20 Nov 2012

YOUR MORNING COFFEE – Tuesday 20/11/2012

SUMMARY

• Wall St closed 1.6% higher on optimism over resolving the fiscal cliff, as talks progressing nicely. Housing data also boosted market sentiment. Existing home sales rose 2.1%, better than expected. Market closed on Thursday for Thanksgiving.
• Dow of 12,795, is heading for a test on the 13,290 resistance. RSI of 40, is recovering.
• DOLLAR INDEX is lower at 80.8. Support is at 80.2.
• Crude oil is higher at USD88.9. Resistance is at 93.0.
• Dollar yen is higher at 81.4 yen. Resistance is at 81.8.
• Euro/dollar is higher at 1.278. Support is at 1.2700.
• Gold is higher at USD1731. Support is at 1643.
• Shanghai closed higher at 2,016.
• Singapore STI closed higher at 2,950.
• Ringgit is firmer at 3.057. Downside is at 3.09.
• S’pore ringgit is lower at 2.497. Upside is at 2.540.
• Malaysian market closed lower at 1623. On the Daily chart, it is targeting 1710 over a longer term. Support is at 1620. RSI of 28, is
• oversold. Today’s range is between 1620 and 1630.
• CPO Jan futures is higher at RM2430. Resistance is at 2630.
• Trading : ASTRO ( 6399 : 2.71 ) : Take profit, MRCB ( 1651 : 1.77 ) : Targeting 1.94/Stop loss 1.70, ITRONIC ( 9393 : 0.42 ) : Targeting 0.52/Stop loss 0.38

Source:Jupiter Securities Research, 20 November 2012

Morning Coffee - 20 Nov 2012

MARKET ROUNDUP (Source Bloomberg)

S&P 500 Rises Most in 2 Months Amid Budget Deal Optimism; amid better-than-forecast housing data and as President Barack Obama expressed confidence on a budget agreement with Congress. The S&P 500 rose 2 percent to 1,386.89 at 4 p.m. in New York. The benchmark gauge for U.S. equities gained 2.5 percent in two days, the most since July. The Dow Jones Industrial Average added 207.65 points, or 1.7 percent, to 12,795.96. Volume for exchange-listed stocks in the U.S. was 6.2 billion shares, about in line with the three-month daily average.

European Stocks Advance Amid U.S. Budget Talks Optimism; as U.S. President Barack Obama expressed confidence that he will strike a deal with Congress on a new budget to avoid the so-called fiscal cliff. The U.K.’s FTSE 100 rallied 2.4 percent. Germany’s DAX Index gained 2.5 percent and France’s CAC 40 advanced 2.9 percent.

Oil Trades Near Month High as Israel Conflict Counters Supplies; as concern Middle East unrest will disrupt supplies countered speculation that stockpiles rose a third week in the U.S., the world’s biggest crude user. Crude for January delivery was at $88.95 a barrel, down 33 cents, in electronic trading on the New York Mercantile Exchange at 10:55 a.m. Sydney time. The contract increased $2.36 to $89.28 yesterday, the highest close since Oct. 19. Prices are down 10 percent this year.

Source:Jupiter Securities Research, 20 November 2012

Daily Summary - 19 Nov 2012

YOUR MORNING COFFEE – Monday 19/11/2012

SUMMARY

• Wall St closed 0.4% higher, on positive comments from lawmakers on the fiscal cliff negotiations but remained cautious ahead of an actual deal.
• Dow of 12,588, is on a support at 12,398. RSI of 28, is oversold.
• DOLLAR INDEX is higher at 81.1. Resistance is at 82.0.
• Crude oil is higher at USD86.6. Support is at 82.2.
• Dollar yen is higher at 81.5 yen. Resistance is at 81.8.
• Euro/dollar is lower at 1.276. Support is at 1.2700.
• Gold is higher at USD1717. Support is at 1643.
• Shanghai closed lower at 2,014.
• Singapore STI closed lower at 2,945.
• Ringgit is weaker at 3.071. Downside is at 3.09.
• S’pore ringgit is lower at 2.501. Upside is at 2.540.
• Malaysian market closed lower at 1629. On the Daily chart, it is targeting 1710 over a longer term. Support is at 1624. RSI of 30, is oversold. Today’s range is between 1626 and 1636.
• CPO Jan futures is lower at RM2396. Resistance is at 2630.
• Trading :

Source:Jupiter Securities Research, 19 November 2012

Stock Overview - WASEONG - 16 Nov 2012

WASEONG ( 5142 : 1.80 ) : Targeting 1.94/Stop loss 1.72

Description

Resistance : 1.94 2.14
Support : 1.72

RSI of 69
RSI is on the rise

STOCHASTIC
It is on an upswing

Comment
The current recovery is testing 1.94

Trading Strategy
Buy. Stop loss is at 1.72

Source:Jupiter Securities Research, 16 November 2012

Stock Overview - CYBERT - 16 Nov 2012

CYBERT ( 0022 : 0.205 ) : Targeting 0.27/Stop loss 0.18

Description

Resistance : 0.27
Support : 0.18

RSI of 48
RSI is on the rise

STOCHASTIC
It has started to turn upwards

Comment
It has bottomed at the 61.8% retracement of 0.185. Upside is at 0.27

Trading Strategy
Buy. Stop loss is at 0.18

Source:Jupiter Securities Research, 16 November 2012

Stock Overview - BORNOIL - 16 Nov 2012

BORNOIL ( 7036 : 0.49 ) : Targeting 0.56/Stop loss 0.42

Description

Resistance : 0.56 0.60
Support : 0.42

RSI of 64
RSI is on the rise

STOCHASTIC
It is neutral

Comment
Current recovery is heading for a test on the 0.56 level

Trading Strategy
Buy. Stop loss is at 0.42

Source:Jupiter Securities Research, 16 November 2012

Daily Summary - 16 Nov 2012

YOUR MORNING COFFEE – Friday 16/11/2012

SUMMARY

• Wall St closed 0.2% lower, due poor jobs data, Middle East turmoil,and the continuing concerns over the fiscal cliff where tax hike and budget cuts kick in January 2013. Weekly initial jobless claims rose to 439,000 due to the superstorm Sandy.
• Dow of 12,542, is on a support at 12,398. RSI of 25, is oversold.
• DOLLAR INDEX is higher at 81.1. Resistance is at 82.0.
• Crude oil is lower at USD85.4. Support is at 82.2.
• Dollar yen is higher at 81.1 yen. Support is at 78.9.
• Euro/dollar is higher at 1.278. Support is at 1.2700.
• Gold is lower at USD1715. Support is at 1643.
• Shanghai closed lower at 2,030.
• Singapore STI closed lower at 2,945.
• Ringgit is weaker at 3.063. Downside is at 3.09.
• S’pore ringgit is lower at 2.501. Upside is at 2.540.
• Malaysian market closed lower at 1631. On the Daily chart, it is targeting 1710 over a longer term. Support is at 1628. RSI of 31, is down. Today’s range is between 1628 and 1638.
• CPO Jan futures is higher at RM2434. Resistance is at 2630.
• Trading : WASEONG ( 5142 : 1.80 ) : Targeting 1.94/Stop loss 1.72
• CYBERT ( 0022 : 0.205 ) : Targeting 0.27/Stop loss 0.18, BORNOIL ( 7036 : 0.49 ) : Targeting 0.56/Stop loss 0.42

Source:Jupiter Securities Research, 16 November 2012

Stock Overview - SERNKOU - 14 Nov 2012

SERNKOU ( 7180 : 0.225 ) : Targeting 0.28/Stop loss 0.205

Description
Furniture manufacturing

Resistance : 0.28

Support : 0.205

RSI of 66
RSI is on the rise

STOCHASTIC
It is on an upswing

Comment
Following the consolidation breakout and the Double bottom of 0.195, it is heading for 0.28

Trading Strategy
Buy. Stop loss is at 0.205

Source:Jupiter Securities Research, 14 November 2012

Stock Overview - BSTEAD - 14 Nov 2012

BSTEAD (2771 : 5.00 ) : Targeting 5.38/Stop loss 4.88

Description

Resistance : 5.42
Support : 4.88

RSI of 44
RSI is neutral

STOCHASTIC
It is on an upswing

Comment
It is expected to breakout of the current consolidation, to target 5.38

Trading Strategy
Buy. Stop loss is at 4.88

Source:Jupiter Securities Research, 14 November 2012

Daily Summary - 14 Nov 2012

YOUR MORNING COFFEE – Wednesday 14/11/2012

SUMMARY

• Wall St closed 0.46% lower, on concerns over how Obama plans to avoid the fiscal cliff where tax hike and budget cuts kick in January 2013.
• Dow of 12,756, is on a support at 12,730. Resistance is at 13,600. RSI of 30, is approaching oversold.
• DOLLAR INDEX is higher at 81.1. Resistance is at 82.0.
• Crude oil is lower at USD85.4. Support is at 82.2.
• Dollar yen is lower at 79.4 yen. Support is at 78.9.
• Euro/dollar is lower at 1.271. Support is at 1.2700.
• Gold is lower at USD1728. Support is at 1643.
• Shanghai closed lower at 2,047.
• Singapore STI closed lower at 3,007.
• Ringgit is weaker at 3.063. Downside is at 3.09.
• S’pore ringgit is higher at 2.505. Upside is at 2.540.
• Malaysian market closed lower at 1637. On the Daily chart, it is targeting 1710 over a longer term. Support is at 1633. RSI of 35, is
• down. Today’s range is between 1635 and 1645.
• CPO Jan futures is lower at RM2316. Support is at 2320.
• Trading : SERNKOU (7180 : 0.225) : Targeting 0.28/Stop loss 0.205, BSTEAD (2771 : 5.00 ) : Targeting 5.38/Stop loss 4.88

Source:Jupiter Securities Research, 14 November 2012

Morning Coffee - 14 Nov 2012

MARKET ROUNDUP (Source Bloomberg)

U.S. Stocks Fall as Budget Debate Concern Erases Rally; as concern about the federal budget debate erased a rally led by Home Depot (HD) Inc. The S&P 500 dropped 0.4 percent to 1,374.53 at 4 p.m. in New York, after rallying as much as 0.6 percent earlier in the day. The Dow Jones Industrial Average decreased 58.90 points, or 0.5 percent, to 12,756.18. Volume for exchange-listed stocks in the U.S. was 6.2 billion shares, 3.7 percent above the three- month daily average.

European Stocks Climb on Spain Bailout Speculation; as yields on benchmark Spanish bonds slipped amid speculation that the country’s government will soon ask for a bailout. France’s CAC 40 (CAC) rose 0.6 percent, while the U.K.’s FTSE 100 advanced 0.3 percent. Germany’s DAX climbed less than 0.1 percent.

Oil Drops for Second Day as IEA Lowers Demand Forecast; as the International Energy Agency cut its demand estimate and U.S. inventories were expected to reach a three-month high. Prices fell 0.2 percent after the IEA lowered its forecast for the fourth quarter for a second time, citing weakness in Europe’s economy and disruption to U.S. fuel delivery by Hurricane Sandy. U.S. oil inventories probably rose to 377.3 million barrels last week, according to a Bloomberg survey. Oil erased losses earlier as U.S. stocks rallied. Crude for December delivery slid 19 cents to settle at $85.38 a barrel on the New York Mercantile Exchange after climbing to $85.95. Prices are down 14 percent this year.

Source:Jupiter Securities Research, 14 November 2012

Morning Coffee - 12 Nov 2012

MARKET ROUNDUP (Source Bloomberg)

U.S. Stocks Have Worst Week Since June After Obama Win; as President Barack Obama’s re-election set up a budget showdown with the Republican-controlled House of Representatives. The S&P 500 (SPX) dropped 2.4 percent to 1,379.85 for the week. The Dow Jones Industrial Average slipped 277.77 points, or 2.1 percent, to 12,815.39. While both gauges capped their worst week since June 1, they’re still up 9.7 percent and 4.9 percent, respectively, for the year. The Dow dropped 3.3 percent over two days after the election as concern intensified that a split Congress will delay a resolution over the so-called fiscal cliff. The performance was the second-worst post-Election Day selloff on record, following the 9.7 percent plunge in the two days after Obama won his first term in 2008 at the height of the credit crisis, according to data compiled by Bloomberg. Stocks rebounded on the last day of the week as confidence among U.S. consumers climbed to a five-year high in November.

European Stocks Post Weekly Drop on U.S. Fiscal Cliff; on investor concern that the U.S. will slip back into recession if lawmakers fail to reach a budget compromise and as the European Commission said the euro-area economy will stagnate in 2013. France’s CAC 40 Index dropped 2 percent and the U.K.’s FTSE 100 Index lost 1.7 percent, while Germany’s DAX Index slid 2.7 percent.

Oil Rises as Consumer Sentiment Gains; as data showing U.S. consumer confidence climbed to a five-year high, helping ease concern that a political stalemate in Washington will lead to a fiscal crisis. Crude oil for December delivery increased 98 cents to settle at $86.07 a barrel on the New York Mercantile Exchange. Prices, which climbed 1.4 percent this week, are down 13 percent this year.

Source:Jupiter Securities Research, 12 November 2012

Stock Overview - MBMR - 12 Nov 2012

MBMR ( 5983 : 3.42 ) : Targeting 3.70/Stop loss 3.37

Description

Resistance : 3.70
Support : 3.37

RSI of 47
RSI is neutral

STOCHASTIC
It is on an upswing

Comment
The current rebound is heading for 3.70

Trading Strategy
Buy. Stop loss is at 3.37

Source:Jupiter Securities Research, 12 November 2012

Daily Summary - 12 Nov 2012

YOUR MORNING COFFEE – Monday 12/11/2012

SUMMARY

• Wall St closed 0.03% higher, due to positive data. Consumer sentiment index rose to 84.9, higher than expected. Wholesale inventories up 1.1%. Meantime, concerns remain over how Obama plans to avoid the fiscal cliff where tax hike and budget cuts kick in January 2013.
• Dow of 12,815, is on a support at 12,730. Resistance is at 13,600. RSI of 32, is approaching oversold.
• DOLLAR INDEX is higher at 80.9. Resistance is at 82.0.
• Crude oil is higher at USD86.1. Support is at 82.2.
• Dollar yen is lower at 79.4 yen. Support is at 78.9.
• Euro/dollar is lower at 1.273. Support is at 1.2700.
• Gold is higher at USD1735. Support is at 1643.
• Shanghai closed lower at 2,069.
• Singapore STI closed lower at 3,009.
• Ringgit is weaker at 3.067. Downside is at 3.09.
• S’pore ringgit is higher at 2.503. Upside is at 2.540.
• Malaysian market closed unchanged at 1641. On the Daily chart, it is targeting 1710 over a longer term. Support is at 1633. RSI of 37, is down. Today’s range is between 1636 and 1646.
• CPO Jan futures is lower at RM2316. Support is at 2320.
• Trading : MBMR ( 5983 : 3.42 ) : Targeting 3.70/Stop loss 3.37, GPACKET ( 0082 : 0.58 ) : Targeting 0.64/Stop loss 0.54

Source:Jupiter Securities Research, 12 November 2012

Stock Overview - GPACKET - 12 Nov 2012

GPACKET ( 0082 : 0.58 ) : Targeting 0.64/Stop loss 0.54

Description

Resistance : 0.64
Support : 0.56

RSI of 55
RSI is neutral

STOCHASTIC
It is oversold

Comment
It is oversold following the current correction from its high of 0.68. It is due for a technical rebound

Trading Strategy
Buy. Stop loss is at 0.56

Source:Jupiter Securities Research, 12 November 2012

Morning Coffee - 9 Nov 2012

MARKET ROUNDUP (Source Bloomberg)

U.S. Stocks Decline Amid Greece, Fiscal Cliff Concerns; as investors speculated Greece’s bailout will be delayed and that President Barack Obama’s re-election endangers tax breaks for investors. The S&P 500 declined 1.2 percent to 1,377.51 at 4 p.m. New York time, dropping 3.6 percent in two days. The benchmark gauge for American equities retreated below its average price of the last 200 days of 1,380.71. The Dow Jones Industrial Average decreased 121.41 points, or 0.9 percent, to 12,811.32. Volume for exchange-listed stocks in the U.S. was 6.9 billion shares, or 15 percent above the three-month average.

European Stocks Drop as Carmakers Slide; as a selloff in auto manufacturers overshadowed results from Swiss Re Ltd. and Hermes International (RMS)SCA that beat analysts’ estimates. France’s CAC 40 retreated 0.1 percent. The U.K.’s FTSE 100 slid 0.3 percent and Germany’s DAX lost 0.4 percent.

Oil Rises From Four-Month Low After U.S. Jobless Claims; after fewer Americans than forecast filed claims for unemployment insurance and Greek lawmakers approved a package of austerity measures needed to unlock further financial aid. Futures rose 0.8 percent as the Labor Department said applications for jobless benefits fell by 8,000 to 355,000 last week. The Greek Parliament passed a bill on pension, wage and benefit cuts. Oil gave up some of its intraday gains as equities declined and the euro reached a two-month low versus the dollar. Crude oil for December delivery rose 65 cents to settle at $85.09 a barrel on the New York Mercantile Exchange. The contract dropped $4.27 yesterday to $84.44, the lowest settlement since July 10. Prices are down 14 percent this year.

Source:Jupiter Securities Research, 9 November 2012

Stock Overview - KBB - 9 Nov 2012

KBB ( 7182 : 0.435 ) : Targeting 0.49/Stop loss 0.41

Description

Resistance : 0.49
Support : 0.41

RSI of 61
RSI is on the rise

STOCHASTIC
It is oversold

Comment
The current recovery is heading for 0.49

Trading Strategy
Buy. Stop loss is at 0.41

Source:Jupiter Securities Research, 9 November 2012

Stock Overview - ASTRO - 9 Nov 2012

ASTRO ( 6399 : 2.65 ) : Targeting 2.81/Stop loss 2.61

Description

Resistance : 2.81
Support : 2.62

RSI of 28
RSI is oversold

STOCHASTIC
It is oversold

Comment
It may have bottomed out at the recent low of 2.61 due to bargain hunting support

Trading Strategy
Buy. Stop loss is at 2.61

Source:Jupiter Securities Research, 9 November 2012

Daily Summary - 9 Nov 2012

YOUR MORNING COFFEE – Friday 9/11/2012

SUMMARY

• Wall St closed 0.9% lower, on concerns over how Obama plans to avoid the fiscal cliff where tax hike and budget cuts kick in January 2013. Weekly initial jobless claims dipped to 355,000. US trade deficits for September narrowed to USD41.5bln.
• Dow of 12,811, is on a support at 12,730. Resistance is at 13,600. RSI of 32, is approaching oversold.
• DOLLAR INDEX is higher at 80.8. Resistance is at 82.0.
• Crude oil is higher at USD85.1. Support is at 82.2.
• Dollar yen is lower at 79.5 yen. Support is at 78.9.
• Euro/dollar is lower at 1.274. Support is at 1.2700.
• Gold is higher at USD1733. Support is at 1643.
• Shanghai closed lower at 2,071.
• Singapore STI closed lower at 3,012.
• Ringgit is weaker at 3.065. Downside is at 3.09.
• S’pore ringgit is higher at 2.502. Upside is at 2.540.
• Malaysian market closed lower at 1641. On the Daily chart, it is targeting 1710 over a longer term. Support is at 1633. RSI of 35, is down. Today’s range is between 1636 and 1646.
• CPO Jan futures is lower at RM2336. Support is at 2320.
• Trading : ASTRO ( 6399 : 2.65 ) : Targeting 2.81/Stop loss 2.61, KBB ( 7182 : 0.435 ) : Targeting 0.49/Stop loss 0.41

Source:Jupiter Securities Research, 9 November 2012

Stock Overview - GENTING - 8 Nov 2012

GENTING ( 3182 : 9.30 ) : Take profit

Description

Resistance : 9.30
Support : 9.10

RSI of 70
RSI is overbought

STOCHASTIC
It is overbought

Comment
On the buy of 15/10/2012 at 8.80, we are recommending to take profit as it has hit the 9.22 target, and technicals also are overbought

Trading Strategy
Take profit

Source:Jupiter Securities Research, 08 November 2012

Morning Coffee - 8 Nov 2012

MARKET ROUNDUP (Source Bloomberg)

Dow Tumbles Most in One Year After Presidential Elections; as investors’ focus turned to the budget debate and Europe’s debt crisis following President Barack Obama’s re-election. All 10 groups in the Standard & Poor’s 500 Index fell as financial shares had the biggest losses. Bank of America Corp. and JPMorgan Chase & Co. slumped at least 5.6 percent. Peabody Energy Corp. and Alpha Natural Resources Inc. slid more than 9.6 percent on bets Obama’s re-election will mean more regulation for the coal industry. Apple Inc. retreated 3.8 percent, extending a plunge from its September high to 21 percent. The S&P 500 fell 2.4 percent to 1,394.53 at 4 p.m. in New York. The Dow lost 312.95 points, or 2.4 percent, to 12,932.73. Volume for exchange-listed stocks in the U.S. was 7.9 billion shares, or 32 percent above the three-month average.

Europe Stocks Drop on Economy Concern, U.S. Fiscal Cliff; as the European Commission cut its growth forecast for the region and concern over an impending fiscal crisis in the U.S. increased after the re-election of President Barack Obama. France’s CAC 40 retreated 2 percent, while the U.K.’s FTSE 100 fell 1.6 percent. Germany’s DAX dropped 2 percent.

Oil Tumbles the Most This Year as Obama Wins Re-Election; after President Barack Obama won re-election and Greece prepared to vote on austerity measures. Futures slid 4.8 percent as Obama defeated Republican Mitt Romney. He now faces negotiations with Congress to avoid more than $600 billion in mandated tax gains and spending cuts. Greece’s parliament votes today on a package to unlock bailout funds. Oil extended losses after a government report showed that U.S. crude and fuel supplies rose last week. Crude oil for December delivery fell $4.27 to settle at $84.44 a barrel on the New York Mercantile Exchange. It was the biggest decline since Dec. 14. Prices have decreased 15 percent this year


Source:Jupiter Securities Research, 08 November 2012

Stock Overview - ILB - 8 Nov 2012

ILB ( 5614 : 1.01 ) : Take profit

Description

Resistance : 1.06
Support : 0.95

RSI of 77
RSI is overbought

STOCHASTIC
It is overbought

Comment
On the buy of 24/8/2012 at 0.94, we are recommending to take profit as it has hit the 1.02 target, and technicals also are overbought

Trading Strategy
Take profit

Source:Jupiter Securities Research, 08 November 2012

Stock Overview - DIALOG - 8 Nov 2012

DIALOG ( 7277 : 2.52 ) : Take profit

Description

Resistance : 2.54
Support : 2.46

RSI of 74
RSI is overbought

STOCHASTIC
It is overbought

Comment
On the buy of 18/9/2012 at 2.40, we are recommending to take profit as it has hit the 2.52 target, and technicals also are overbought

Trading Strategy
Take profit

Source:Jupiter Securities Research, 08 November 2012

Daily Summary - 8 Nov 2012

YOUR MORNING COFFEE – Thursday 8/11/2012

SUMMARY

• Wall St closed 2.4% lower, on concerns over how Obama plans to avoid the fiscal cliff where tax hike and budget cuts kick in January 2013. There is a possibility of Congress and Obama deferring the fiscal cliff, to give more time to work on a deal.
• Dow of 12,932, is on a support at 12,848. Resistance is at 13,600. RSI of 35, is approaching oversold.
• DOLLAR INDEX is higher at 80.7. Resistance is at 82.0.
• Crude oil is lower at USD84.4. Support is at 82.2.
• Dollar yen is lower at 79.9 yen. Resistance is at 80.5.
• Euro/dollar is lower at 1.276. Support is at 1.2700.
• Gold is higher at USD1717. Support is at 1643.
• Shanghai closed lower at 2,105.
• Singapore STI closed higher at 3,043.
• Ringgit is stronger at 3.058. Downside is at 3.09.
• S’pore ringgit is lower at 2.499. Upside is at 2.540.
• Malaysian market closed lower at 1645. On the Daily chart, it is targeting 1710 over a longer term. Support is at 1637. RSI of 38, is down. Today’s range is between 1640 and 1650.
• CPO Jan futures is higher at RM2397. Support is at 2320.
• Trading : GENTING ( 3182 : 9.30 ) : Take profit, DIALOG ( 7277 : 2.52 ) : Take profit, ILB ( 5614 : 1.01 ) : Take profit

Source:Jupiter Securities Research, 08 November 2012

Morning Coffee - 7 Nov 2012

MARKET ROUNDUP (Source Bloomberg)

U.S. Stocks Rise Ahead of Presidential Election Results; as American voters went to the polls to pick a president. The S&P 500 rose 0.8 percent to 1,428.39 at 4 p.m. in New York. The Dow Jones Industrial Average added 133.24 points, or 1 percent, to 13,245.68. Volume for exchange-listed stocks in the U.S. was 5.9 billion shares, or about in line with the three- month average, according to data compiled by Bloomberg.

European Stocks Climb as Americans Vote; ARM, Adecco Gain; as Americans went to the polls to elect their president. U.S. voters decide today between giving President Barack Obama another four years in office or replacing him with Mitt Romney. Obama led Romney 48 percent to 45 percent in a national poll conducted by the Pew Research Center released on Nov. 4. The survey, conducted Oct. 31-Nov. 3 among 2,709 likely voters, has a margin of error of 2.2 percentage points. France’s CAC 40 Index climbed 0.9 percent, the U.K.’s FTSE 100 Index added 0.8 percent and Germany’s DAX Index increased 0.7 percent.

Oil Rises Most in a Month on Fuel Supply Concern; after Hurricane Sandy forced the shutdown of East Coast refineries and as Americans went to the polls to pick a president. Crude oil for December delivery advanced $3.06, or 3.6 percent, to $88.71 a barrel on the New York Mercantile Exchange, the biggest gain since Oct. 4 and the highest settlement since Oct. 22. Prices are down 10 percent this year. Prices were little changed after the American Petroleum Institute reported U.S. oil inventories slid 27,000 barrels to 371.7 million last week. Gasoline stockpiles gained 1.38 million to 201 million barrels. December oil advanced $2.75, or 3.2 percent, to $88.40 a barrel at 4:44 p.m. in electronic trading.

Source:Jupiter Securities Research, 07 November 2012

Stock Overview - KULIM- 7 Nov 2012

KULIM ( 2003 : 4.97 ) : Targeting 5.26/Stop loss 4.87

Description

Resistance : 5.26
Support : 4.87

RSI of 50
RSI is neutral

STOCHASTIC
It is on an upswing

Comment
With a trendline support at 4.87, it is heading higher to 5.26

Trading Strategy
Buy. Stop loss is at 4.87

Source:Jupiter Securities Research, 07 November 2012

Stock Overview - MNRB - 7 Nov 2012

MNRB ( 6459 : 3.14 ) : Take profit

Description

Resistance : 3.22
Support : 3.02

RSI of 72
RSI is overbought

STOCHASTIC
It is overbought

Comment
On the buy of 5/11/2012 at 2.97, we are recommending to take profit as it has hit the 3.21 target, and technicals also are overbought

Trading Strategy
Take profit

Source:Jupiter Securities Research, 07 November 2012

Stock Overview - CANONE - 7 Nov 2012

CANONE ( 5105 : 2.30 ) : Targeting 2.54/Stop loss 2.20

Description

Resistance : 2.54
Support : 2.20

RSI of 36
RSI is on the rise

STOCHASTIC
It is rebounding

Comment
The current rebound is heading for 2.54

Trading Strategy
Buy. Stop loss is at 2.20

Source:Jupiter Securities Research, 07 November 2012

Daily Summary - 7 Nov 2012

OUR MORNING COFFEE – Wednesday 7/11/2012

SUMMARY

• Wall St closed 1.0% higher, as voters went to the polls to choose their next president. The concern is over the fiscal cliff where tax hike and budget cuts kick in January 2013.
• Dow of 13,245, has found a support at 13,039. Resistance is at 13,600. RSI of 47, is recovering.
• DOLLAR INDEX is lower at 80.6. Resistance is at 82.0.
• Crude oil is higher at USD88.7. Resistance is at 93.1.
• Dollar yen is lower at 80.2 yen. Resistance is at 80.5.
• Euro/dollar is lower at 1.280. Support is at 1.2750.
• Gold is higher at USD1710. Support is at 1643.
• Shanghai closed lower at 2,106.
• Singapore STI closed lower at 3,019.
• Ringgit is weaker at 3.060. Downside is at 3.09.
• S’pore ringgit is higher at 2.502. Upside is at 2.540.
• Malaysian market closed lower at 1645. On the Daily chart, it is targeting 1710 over a longer term. Support is at 1637. RSI of 38, is down. Today’s range is between 1642 and 1652.
• CPO Jan futures is lower at RM2372. Support is at 2320.
• Trading : MNRB ( 6459 : 3.14 ) : Take profit, KULIM ( 2003 : 4.97 ) : Targeting 5.26/Stop loss 4.87, CANONE ( 5105 : 2.30 ) : Targeting 2.54/Stop loss 2.20

Source:Jupiter Securities Research, 07 November 2012

Morning Coffee - 6 Nov 2012

MARKET ROUNDUP (Source Bloomberg)

U.S. Stocks Rise Before American Presidential Elections; as Americans prepared to vote in the presidential election. The S&P 500 added 0.2 percent to 1,417.26 at 4 p.m. New York time. It fell 0.4 percent earlier today. The Dow Jones Industrial Average rose 19.28 points, or 0.2 percent, to 13,112.44. Volume for exchange-listed stocks in the U.S. was 5.1 billion shares, or 13 percent below the three-month average.

European Stocks Fall on Company Earnings; HSBC Retreats; amid concern that Greece will struggle to get further aid. Prime Minister Antonis Samaras pledged yesterday that the raft of wage and pension cuts in the latest austerity package will be the last and that Greek society won’t tolerate any more, according to comments made to lawmakers of his New Democracy party. The first parliamentary vote is scheduled to take place as early as Nov. 7.The U.K.’s FTSE 100 dropped 0.5 percent, France’s CAC 40 lost 1.3 percent and Germany’s DAX retreated 0.5 percent.

Oil Trades Near Two-Day High Before Election; Shipments Resume; as deliveries resumed on the U.S. East Coast afterHurricane Sandy. Gains were limited before presidential elections in the U.S., the world’s biggest crude consumer. Futures were little changed after rising from an almost four-month low yesterday. Fifteen tankers, including two crude carriers, will arrive over the next four days in New York Harbor, Charles Rowe, a spokesman for U.S. Coast Guard said in a telephone interview. Phillips 66 finished post-storm assessments at its 238,000 barrel-a-day Bayway refinery in New Jersey and will resume operations in two to three weeks, it said in a statement. U.S. voters decide today whether to return Barack Obama as president or elect his challenger Mitt Romney. West Texas Intermediate oil for December delivery was at $85.72 a barrel, up 7 cents, in electronic trading on the New York Mercantile Exchange at 9:31 a.m. Tokyo time. The contract advanced 79 cents to $85.65 yesterday after closing last week at the lowest level since July 10. Prices have dropped 13 percent this year.


Source:Jupiter Securities Research, 06 November 2012

TMCLIFE ( 0101 : 0.335 ) : Tight stop loss 0.32

Description

Resistance : 0.39
Support : 0.32

RSI of 61
RSI is on the rise

STOCHASTIC
It is on an upswing

Comment
Following the consolidation breakout, it is targeting 0.39. A tight stop loss should be placed at 0.32

Trading Strategy
Buy. Stop loss is at 0.32

Source:Jupiter Securities Research, 06 November 2012

Stock Overview - BRIGHT - 6 Nov 2012

BRIGHT ( 9938 : 1.61 ) : Take profit

Description

Resistance : 1.69
Support : 1.55

RSI of 69
RSI is approaching overbought

STOCHASTIC
It is on an upswing

Comment
On the buy of 19/9/2012 at 1.47, we are recommending to take profit as technicals are approaching overbought

Trading Strategy
Take profit

Source:Jupiter Securities Research, 06 November 2012

Daily Summary - 6 Nov 2012

YOUR MORNING COFFEE – Tuesday 6/11/2012

SUMMARY

• Wall St closed 0.15% higher, on shift of focus to the US Presidential election, 6 November, and the concern over the fiscal cliff where tax hike and budget cuts kick in January 2013. ISM services index dipped to 54.2, lower than expected.
• Dow of 13,112, has found a support at 13,039. RSI of 39, is recovering.
• DOLLAR INDEX is higher at 80.7. Resistance is at 82.0.
• Crude oil is higher at USD85.6. Support is at 82.0.
• Dollar yen is lower at 80.2 yen. Resistance is at 80.5.
• Euro/dollar is lower at 1.280. Support is at 1.2750.
• Gold is higher at USD1686. Support is at 1643.
• Shanghai closed lower at 2,114.
• Singapore STI closed lower at 3,031.
• Ringgit is weaker at 3.065. Downside is at 3.09.
• S’pore ringgit is higher at 2.504. Upside is at 2.540.
• Malaysian market closed lower at 1654. On the Daily chart, it is targeting 1710 over a longer term. Support is at 1648. RSI of 44, is down. Today’s range is between 1650 and 1660.
• CPO Jan futures is lower at RM2411. Support is at 2320.
• Trading : BRIGHT ( 9938 : 1.63 ) : Take profit, TMCLIFE ( 0101 : 0.335 ) : Tight stop loss 0.32

Source:Jupiter Securities Research, 06 November 2012

Morning Coffee - 5 Nov 2012

MARKET ROUNDUP (Source Bloomberg)

S&P 500 Advances in Shortened Week Ahead of Elections; as the market reopened after Hurricane Sandy caused the longest weather-related shutdown since 1888, and American voters prepared to choose a president. Equities retreated on the last day of the week as a better- than-forecast payrolls report failed to keep technology and commodity shares from slumping. The S&P 500 rose 0.2 percent to 1,414.20 for the week. The Dow Jones Industrial Average slid 14.05 points, or 0.1 percent, to 13,093.16. The equity market was closed Oct. 29 and 30. The S&P 500 gained as 71 percent of companies that released quarterly results have beaten analysts’ estimates, according to data compiled by Bloomberg. Reports showing better-than-forecast manufacturing data and a surge in consumer confidence gave benchmark indexes their biggest gains in seven weeks on Nov. 1. Hiring in the U.S. increased more than forecast in October as employers looked past slowing global growth and political gridlock at home.

European Stocks Advance as U.S. Jobs Data Beat Forecasts; as companies from Royal Dutch Shell Plc to Deutsche Bank AG (DBK) reported earnings that topped estimates, American jobs data beat forecasts and U.S markets reopened after Hurricane Sandy forced their closure for two days. Germany’s DAX Index rose 1.8 percent, France’s CAC 40 climbed 1.7 percent and the U.K.’s FTSE 100 added 1.1 percent.

Oil Trades Near Four-Month Low as Storm-Hit Refineries Stay Shut; as refineries in New Jersey remained shut after Hurricane Sandy, curbing demand for crude. Crude for December delivery was at $84.79 a barrel, down 7 cents, in electronic trading on the New York Mercantile Exchange at 8:01 a.m. Singapore time. The contract slid 1.7 percent last week to $84.86 a barrel, the lowest close since July 10. Prices have dropped 14 percent this year.


Source:Jupiter Securities Research, 05 November 2012

Stock Overview - MNRB - 5 Nov 2012

MNRB ( 6459 : 2.97 ) : Targeting 3.21/Stop loss 2.85

Description

Resistance : 3.21
Support : 2.85

RSI of 55
RSI is on the rise

STOCHASTIC
It is on an upswing

Comment
Following the consolidation breakout, it is heading for 3.21

Trading Strategy
Buy. Stop loss is at 2.85

Source:Jupiter Securities Research, 05 November 2012

Stock Overview - ALAM - 5 Nov 2012

ALAM ( 5115 : 0.73 ) : Targeting 0.86/Stop loss 0.71

Description

Resistance : 0.86
Support : 0.71

RSI of 75
RSI is overbought

STOCHASTIC
It is overbought

Comment
Following the consolidation breakout, it is heading for 0.86. A tight stop loss should be placed at 0.71

Trading Strategy
Buy. Tight stop loss is at 0.71

Source:Jupiter Securities Research, 05 November 2012

Daily Summary - 5 Nov 2012

YOUR MORNING COFFEE – Monday 5/11/2012

SUMMARY

• Wall St closed 1.0% lower, on shift of focus to the US Presidential election, 6 November, and the concern over the fiscal cliff where tax hike and budget cuts kick in January 2013. In October, 171,000 jobs added vs expectation of 125,000.
• Dow of 13,093, has found a support at 13,039. RSI of 38, is recovering.
• DOLLAR INDEX is higher at 80.6. Resistance is at 82.0.
• Crude oil is lower at USD84.8. Support is at 82.0.
• Dollar yen is higher at 80.4 yen. Resistance is at 80.5.
• Euro/dollar is lower at 1.282. Support is at 1.2750.
• Gold is lower at USD1682. Support is at 1643.
• Shanghai closed higher at 2,117.
• Singapore STI closed higher at 3,040.
• Ringgit is weaker at 3.061. Downside is at 3.09.
• S’pore ringgit is lower at 2.50. Upside is at 2.540.
• Malaysian market closed lower at 1656. On the Daily chart, it is targeting 1710 over a longer term. Support is at 1648. RSI of 50, is down. Today’s range is between 1652 and 1660.
• CPO Jan futures is lower at RM2502. Support is at 2430.
• Trading : ALAM ( 5115 : 0.73 ) : Targeting 0.86/Stop loss 0.71, MNRB ( 6459 : 2.97 ) : Targeting 3.21/Stop loss 2.85

Source:Jupiter Securities Research, 05 November 2012

Morning Coffee - 2 Nov 2012

MARKET ROUNDUP (Source Bloomberg)

U.S. Stocks Rally Most in 7 Weeks Amid Economic Optimism; as reports on employment and manufacturing topped estimates while consumer confidence climbed in October to a more than four-year high. The S&P 500 (SPX) gained 1.1 percent to 1,427.59 in New York. The Dow advanced 136.16 points, or 1 percent, to 13,232.62. Both gauges posted their biggest advance since Sept. 13. Volume for exchange-listed stocks in the U.S. was about 6.8 billion shares, or 14 percent above the three-month average.

European Stocks Rise Most in Two Weeks on U.S. Reports; amid better-than-forecast U.S. economic reports and a rebound in Chinese manufacturing. France’s CAC 40 and the U.K.’s FTSE 100 both climbed 1.4 percent. Germany’s DAX added 1 percent.

Oil Trades Near Two-Week High on Unexpected Drop in Stockpiles; after U.S. crude stockpiles unexpectedly declined and reports signaled the nation’s economic growth may be accelerating. Crude for December delivery was at $86.90 a barrel, down 19 cents, on the New York Mercantile Exchange at 7:19 a.m. Singapore time. It advanced 85 cents to $87.09 yesterday, the highest close since Oct. 22. Prices are down 12 percent this year and up 0.7 percent this week.

Source:Jupiter Securities Research, 02 November 2012

Stock Overview - TAKASO - 2 Nov 2012

TAKASO ( 7071 : 0.34 ) : Take profit

Description

Resistance : 0.36
Support : 0.30

RSI of 73
RSI is overbought

STOCHASTIC
It is overbought

Comment
On the buy of 20/9//2012 at 0.26, we are recommending to take profit as it is overbought

Trading Strategy
Take profit

Source:Jupiter Securities Research, 02 November 2012

Stock Overview - LANDMRK - 2 Nov 2012

LANDMRK ( 1643 : 1.07 ) : Targeting 1.20/Stop loss 0.98

Description

Resistance : 1.16 1.20 1.25
Support : 0.98

RSI of 80
RSI is overbought

STOCHASTIC
It is overbought
Comment
The current uprun is heading for 1.20, with a pullback support at 0.98

Trading Strategy
Buy. Stop loss is at 0.98

Source:Jupiter Securities Research, 02 November 2012

Stock Overview - SKPETRO - 2 Nov 2012

SKPETRO ( 5218 : 2.59 ) : Targeting 2.68/Stop loss 2.54

Description

Resistance : 2.74
Support : 2.54

RSI of 74
RSI is overbought

STOCHASTIC
It is overbought

Comment
The current uprun is heading for 2.68

Trading Strategy
Buy. Stop loss is at 2.54

Source:Jupiter Securities Research, 02 November 2012

Stock Overview - ARMADA - 2 Nov 2012

ARMADA ( 5210 : 3.91 ) : Take profit

Description

Resistance : 3.96
Support : 3.80

RSI of 68
RSI is overbought

STOCHASTIC
It is overbought

Comment
On the buy of 14/9//2012 at 3.73, we are recommending to take profit as it is overbought

Trading Strategy
Take profit

Source:Jupiter Securities Research, 02 November 2012

Daily Summary - 2 Nov 2012

YOUR MORNING COFFEE – Friday 2/11/2012

SUMMARY

• Wall St closed 1.04% higher, due to upbeat jobs data. Weekly initial jobless claims dipped to 363,000. Payroll processor ADP said that 158,000 jobs added in October. This Friday’s October employment figure is expected to show 125,000 jobs added. The US Presidential election is on 6 November.
• Dow of 13,232, has found a support at 13,039. RSI of 44, is recovering.
• DOLLAR INDEX is higher at 80.0. Resistance is at 80.5.
• Crude oil is higher at USD87.0. Support is at 82.0.
• Dollar yen is higher at 80.2 yen. Resistance is at 80.4.
• Euro/dollar is lower at 1.293. Support is at 1.2840.
• Gold is lower at USD1715. Support is at 1643.
• Shanghai closed higher at 2,104.
• Singapore STI closed lower at 3,028.
• Ringgit is firmer at 3.049. Downside is at 3.09.
• S’pore ringgit is lower at 2.50. Upside is at 2.540.
• Malaysian market closed higher at 1675. 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 1670 and 1680.
• CPO Jan futures is higher at RM2532. Support is at 2430.
• Trading : TAKASO ( 7071 : 0.34 ) : Take profit, ARMADA ( 5210 : 3.91 ) : Take profit, SKPETRO ( 5218 : 2.59 ) : Targeting 2.68/Stop loss 2.54, LANDMRK ( 1643 : 1.07 ) : Targeting 1.20/Stop loss 0.98

Source:Jupiter Securities Research, 02 November 2012