Stock Overview - POHUAT - 31 Dec 2012

POHUAT (7088 : 0.415 ) : Targeting 0.52/Stop loss 0.39

Description

Resistance : 0.52
Support : 0.39

RSI of 59
RSI is on the rise

STOCHASTIC
It is on an upswing

Comment
The current recovery is heading for 0.52

Trading Strategy
Buy. Stop loss is at 0.39

Source: Jupiter Securities Research - 31 December 2012

Stock Overview - MBSB - 31 Dec 2012

MBSB (1171/2.27 ) : Targeting 2.44/Stop loss 2.22

Description

Resistance : 2.44
Support : 2.22

RSI of 57
RSI is on the rise

STOCHASTIC
It is on an upswing

Comment
The current recovery is heading for 2.44

Trading Strategy
Buy. Stop loss is at 2.22

Source: Jupiter Securities Research - 31 December 2012

Stock Overview - MEDIA - 31 Dec 2012

MEDIA (4502 : 2.30 ) : Targeting 2.52/Stop loss 2.22

Description

Resistance : 2.52
Support : 2.22

RSI of 53
RSI is on the rise

STOCHASTIC
It is on an upswing

Comment
The current recovery is heading for 2.52

Trading Strategy
Buy. Stop loss is at 2.22

Source: Jupiter Securities Research - 31 December 2012

Daily Summary - 31 Dec 2012

YOUR MORNING COFFEE – Monday 31/12/2012

SUMMARY

• Wall St closed 1.2% lower, on lack of progress over resolving the fiscal cliff. Pending home sales rose to a 2 ½ year high. ISM report shows that business activity picking up in the mid West.
• Dow of 12,938, is on a support at 12,918, 12,813. RSI of 40 is down.
• DOLLAR INDEX is higher at 79.6. Resistance is at 80.2.
• Crude oil is higher at USD90.8. Resistance is at 93.0.
• Dollar yen is lower at 85.9 yen. Resistance is at 93.0.
• Euro/dollar is lower at 1.323. Support is at 1.302.
• Gold is lower at USD1657. Support is at 1630.
• Shanghai closed higher at 2233.
• Singapore STI closed higher at 3,191.
• Ringgit is weaker at 3.062. Downside is at 3.09.
• S’pore ringgit is lower at 2.501. Upside is at 2.540.
• Malaysian market closed higher at 1681. On the Daily chart, the downside is supported at the price gap of 1642. RSI of 71, is up. Today’s range is between 1676 and 1686.
• CPO March futures is higher at RM2497. Resistance is at 2570.
• Trading : MEDIA (4502 : 2.30 ) : Targeting 2.52/Stop loss 2.22, POHUAT (7088 : 0.415 ) : Targeting 0.52/Stop loss 0.39, MBSB (1171/2.27 ) : Targeting 2.44/Stop loss 2.22

Source: Jupiter Securities Research - 31 December 2012

Morning Coffee - 28 Dec 2012

MARKET ROUNDUP (Source Bloomberg)

S&P 500 Pares Losses as House Sets Session for Dec. 30; as the House of Representatives planned a session on Dec. 30, fueling optimism a budget deal will be reached. The S&P 500 (SPX) dropped 0.1 percent to 1,418.10 at 4 p.m. in New York, after earlier retreating as much as 1.3 percent. The Dow Jones Industrial Average lost 18.28 points, or 0.1 percent, to 13,096.31. Almost 5.2 billion shares traded hands on U.S. exchanges, or 15 percent below the three-month average, according to data compiled by Bloomberg. The S&P 500 has slipped 0.8 percent this week as talks between President Barack Obama and Congress dragged on beyond the Christmas holiday. The gauge has still rallied 13 percent this year. Obama is pushing lawmakers to agree on an interim deal to avert more than $600 billion of automatic tax increases and spending cuts, known as the fiscal cliff, that will otherwise come into effect next month.

European Stocks Little Changed as U.S. Data Offsets Reid; as U.S. jobless-benefit claims dropped and home sales climbed to a two-year high, offsetting Senate Majority Leader Harry Reid’s comments that a budget deal is unlikely. France’s CAC 40 (CAC) rallied 0.6 percent, Germany’s DAX advanced 0.3 percent and the U.K.’s benchmark FTSE 100 was little changed.

Oil Heads for Biggest Weekly Gain Since August on U.S. Economy; amid signs of shrinking stockpiles and an economic recovery in the U.S., the world’s biggest crude consumer. West Texas Intermediate oil for February delivery rose as much as 62 cents to $91.49 a barrel in electronic rading on the New York Mercantile Exchange and was at $91.37 at 8:58 a.m. in Tokyo. Futures slipped 11 cents to $90.87 yesterday. Prices have declined 7.6 percent this year.

Source: Jupiter Securities Research - 28 December 2012

Stock Overview - HARVEST - 28 Dec 2012

HARVEST (9342 : 0.305 ) : Targeting 0.42/Stop loss 0.28

Description

Resistance : 0.42
Support : 0.28

RSI of 47
RSI is on the rise

STOCHASTIC
It is oversold

Comment
The current recovery is heading for 0.42

Trading Strategy
Buy. Stop loss is at 0.28

Source: Jupiter Securities Research - 28 December 2012

Stock Overview - TRC - 28 Dec 2012

TRC (5054 : 0.57 ) : Targeting 0.68/Stop loss 0.54

Description

Resistance : 0.68
Support : 0.54

RSI of 52
RSI is on the rise

STOCHASTIC
It is oversold

Comment
The current recovery is heading for 0.68

Trading Strategy
Buy. Stop loss is at 0.54

Source: Jupiter Securities Research - 28 December 2012

Stock Overview - MAS - 28 Dec 2012

MAS (3786 : 0.715 ) : Targeting 0.84/Stop loss 0.68

Description

Resistance : 0.84
Support : 0.68

RSI of 29
RSI is on a positive divergence

STOCHASTIC
It is oversold

Comment
The current recovery is heading for 0.84

Trading Strategy
Buy. Stop loss is at 0.68

Source: Jupiter Securities Research - 28 December 2012

Daily Summary - 28 Dec 2012

YOUR MORNING COFFEE – Friday 28/12/2012

SUMMARY

• Wall St closed 0.14% lower, on lack of progress over resolving the fiscal cliff. New home sales rose 4.4% in November, as housing has started to improve. Weekly initial jobless claims dipped to 350,000.
• Dow of 13,096, is on a support at 12,964. RSI of 48 is down.
• DOLLAR INDEX is higher at 79.6. Resistance is at 80.2.
• Crude oil is higher at USD90.9. Resistance is at 93.0.
• Dollar yen is higher at 86.4 yen. Resistance is at 93.0.
• Euro/dollar is higher at 1.324. Support is at 1.302.
• Gold is higher at USD1663. Support is at 1630.
• Shanghai closed lower at 2205.
• Singapore STI closed higher at 3,183.
• Ringgit is weaker at 3.064. Downside is at 3.09.
• S’pore ringgit is lower at 2.504. Upside is at 2.540.
• Malaysian market closed higher at 1674. On the Daily chart, the downside is supported at the price gap of 1642. RSI of 68, is up. Today’s range is between 1670 and 1680.
• CPO March futures is higher at RM2481. Resistance is at 2516.
• Trading : TRC (5054 : 0.57 ) : Targeting 0.68/Stop loss 0.54, HARVEST (9342 : 0.305 ) : Targeting 0.42/Stop loss 0.28, MAS (3786 : 0.715 ) : Targeting 0.84/Stop loss 0.68

Source: Jupiter Securities Research - 28 December 2012

Morning Coffee - 27 Dec 2012

MARKET ROUNDUP (Source Bloomberg)

U.S. Stocks Fall as Retailers Slump Amid Budget Deadline; as President Barack Obama and Congress prepared to resume budget talks and retailers slumped after the Christmas holiday. The S&P 500 fell 0.5 percent to 1,419.83 at 4 p.m. in New York. The index’s three-day losing streak is the longest since Nov. 15. The Dow Jones Industrial Average dropped 24.49 points, or 0.2 percent, to 13,114.59 today. More than 4 billion shares traded hands on U.S. exchanges today, 34 percent below the three-month average. European markets remained closed for a second day.
Oil Trades Near Two-Month High on Budget Talks, Terror Arrests; as U.S. lawmakers prepared to resume budget talks and the United Arab Emirates said it arrested members of a terror cell that was planning attacks on crude-exporting nations. West Texas Intermediate crude for February delivery was at $90.92 a barrel, down 6 cents, in electronic trading on the New York Mercantile Exchange at 8:46 a.m. in Tokyo. Futures advanced $2.37 to $90.98 yesterday, the highest close since Oct. 18, and have fallen 8 percent this year.

Source: Jupiter Securities Research - 27 December 2012

Stock Overview - UNISEM - 27 Dec 2012

UNISEM (5005 : 0.86 ) : Targeting 1.03/Stop loss 0.84

Description

Resistance : 1.03
Support : 0.85

RSI of 32
RSI is on a buy divergence

STOCHASTIC
It is oversold

Comment
Currently it is hovering at the Double bottom of 0.855, and is heading higher to 1.03

Trading Strategy
Buy. Stop loss is at 0.85

Source: Jupiter Securities Research - 27 December 2012

Stock Overview - SANICHI - 27 Dec 2012

SANICHI (0133 : 0.265 ) : Targeting 0.34/Stop loss 0.23

Description

Resistance : 0.34
Support : 0.23

RSI of 50
RSI is on the rise

STOCHASTIC
It is on an upswing

Comment
Following the recent recovery, it is heading for 0.34

Trading Strategy
Buy. Stop loss is at 0.23

Source: Jupiter Securities Research - 27 December 2012

Daily Summary - 27 Dec 2012

YOUR MORNING COFFEE – Thursday 27/12/2012

SUMMARY

• Wall St closed 0.2% lower, on lack of progress over resolving the fiscal cliff. US home prices rose 4.3%, the biggest gain in 2 years on the S&P/Case-Shiller index.
• Dow of 13,114, is on a support at 13,000. RSI of 49 is down.
• DOLLAR INDEX is higher at 79.6. Resistance is at 80.2.
• Crude oil is higher at USD90.9. Resistance is at 93.0.
• Dollar yen is higher at 85.6 yen. Resistance is at 86.0.
• Euro/dollar is higher at 1.324. Support is at 1.302.
• Gold is higher at USD1659. Support is at 1630.
• Shanghai closed higher at 2219.
• Singapore STI closed higher at 3,180.
• Ringgit is weaker at 3.066. Downside is at 3.09.
• S’pore ringgit is higher at 2.508. Upside is at 2.540.
• Malaysian market closed higher at 1671. On the Daily chart, the downside is supported at the price gap of 1642. RSI of 68, is up. Today’s range is between 1668 and 1678.
• CPO March futures is higher at RM2430. Resistance is at 2516.
• Trading : SANICHI (0133 : 0.265 ) : Targeting 0.34/Stop loss 0.23, UNISEM (5005 : 0.86 ) : Targeting 1.03/Stop loss 0.84

Source: Jupiter Securities Research - 27 December 2012

Stock Overview - TMCLIFE - 26 Dec 2012

TMCLIFE (0101 : 0.365 ) : Take profit
Description
Resistance : 0.38
Support : 0.34
RSI of 73
RSI is overbought
STOCHASTIC
It is overbought
Comment
On the buy call of 6/11/2012 at 0.34, we are recommending to take profit as technicals are overbought
Trading Strategy
Take profit

Source: Jupiter Securities Research - 26 December 2012

Stock Overview - KELADI - 26 Dec 2012

KELADI (6769 : 0.215 ) : Targeting 0.27/Stop loss 0.19
Description
Resistance : 0.27
Support : 0.19
RSI of 68
RSI is on the rise
STOCHASTIC
It is on an upswing
Comment
Following the consolidation breakout, it is heading for 0.27
Trading Strategy
Buy. Stop loss is at 0.19

Source: Jupiter Securities Research - 26 December 2012

Stock Overview - AMBANK - 26 Dec 2012

AMBANK (1015 : 6.63 ) : Targeting 7.18/Stop loss 6.52
Description
Resistance : 7.18
Support : 6.52
RSI of 75
RSI is overbought
STOCHASTIC
It is overbought
Comment
The current upmove is heading for 7.18
Trading Strategy
Buy. Stop loss is at 6.52

Source: Jupiter Securities Research - 26 December 2012

Morning Coffee - 26 Dec 2012

YOUR MORNING COFFEE – Wednesday 26/12/2012

SUMMARY

• Wall St closed 0.4% lower, on lack of progress over resolving the fiscal cliff. Personal income rose 0.6%, and personal spending 0.4%, higher than expected.
• Dow of 13,139, is on a support at 13,000. RSI of 50 is down.
• DOLLAR INDEX is higher at 79.6. Resistance is at 80.2.
• Crude oil is lower at USD88.2. Resistance is at 93.0.
• Dollar yen is higher at 85.1 yen. Resistance is at 86.0.
• Euro/dollar is lower at 1.318. Support is at 1.302.
• Gold is lower at USD1652. Support is at 1630.
• Shanghai closed higher at 2213.
• Singapore STI closed higher at 3,168.
• Ringgit is weaker at 3.069. Downside is at 3.09.
• S’pore ringgit is higher at 2.511. Upside is at 2.540.
• Malaysian market closed higher at 1669. On the Daily chart, the downside is supported at the price gap of 1642. RSI of 67, is up. Today’s range is between 1666 and 1676.
• CPO March futures is higher at RM2428. Resistance is at 2516.
• Trading : TMCLIFE (0101 : 0.365 ) : Take profit, KELADI (6769 : 0.215 ) : Targeting 0.27/Stop loss 0.19, AMBANK (1015 : 6.63 ) : Targeting 7.18/Stop loss 6.52

Source: Jupiter Securities Research - 26 December 2012

Morning Coffee - 26 Dec 2012

MARKET ROUNDUP (Source Bloomberg)

European Stocks Decline Amid U.S. Budget Concern; as volume tumbled before the Christmas holiday and concern grew U.S. policy makers won’t meet a year- end budget deadline. Exchanges in 10 of the 18 western European nations were shut today, including Germany, Switzerland and Italy. The other markets closed early. The Stoxx Europe 600 Index (SXXP) fell 0.1 percent to 280.6 at 1:40 p.m. London time following a shortened day of trading. The volume of transactions plunged 70 percent. The gauge has still rallied 15 percent this year as European Central Bank policy makers agreed on an unlimited asset-purchase program and the Federal Reserve announced a third round of quantitative easing.
Oil Holds Steady in New York on U.S. Budget Deadlock; amid concern that U.S. lawmakers will miss a year-end budget deadline, threatening to weaken the American economy. Crude oil for February delivery slipped 5 cents to settle at $88.61 a barrel on the New York Mercantile Exchange. The volume for all West Texas Intermediate oil futures traded was down 81 percent from the 100-day average. WTI is the grade traded on the Nymex. President Barack Obama on Dec. 21 urged leaders of both parties to put together an interim bill to keep taxes from rising on middle-income Americans and work on a more comprehensive package. House Speaker John Boehner failed to win support from his caucus for his proposal that would have extended tax cuts on incomes below $1 million. Members of the Organization of the Petroleum Exporting Countries estimate that prices will stabilize above $100 a barrel in 2013 and OPEC will hold an emergency meeting if they fall below that level, Iran’s oil ministry said on its website yesterday, citing Oil Minister Rostam Qasemi.

Source: Jupiter Securities Research - 26 December 2012

Daily Summary - 24 Dec 2012

YOUR MORNING COFFEE – Monday 24/12/2012

SUMMARY

• Wall St closed 0.9% lower, on lack of progress over resolving the fiscal cliff. Personal income rose 0.6%, and personal spending 0.4%, higher than expected.
• Dow of 13,190, is on a support at 13,000. RSI of 53 is down.
• DOLLAR INDEX is higher at 79.6. Resistance is at 80.2.
• Crude oil is lower at USD88.3. 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 higher at USD1657. Support is at 1630.
• Shanghai closed lower at 2153.
• Singapore STI closed lower at 3,163.
• Ringgit is weaker at 3.073. Downside is at 3.09.
• S’pore ringgit is higher at 2.509. Upside is at 2.540.
• Malaysian market closed lower at 1658. On the Daily chart, the downside is supported at the price gap of 1642. RSI of 62, is down.
• Today’s range is between 1654 and 1664.
• CPO March futures is higher at RM2408. Resistance is at 2516.
• Trading :

Source: Jupiter Securities Research - 24 December 2012

Morning Coffee - 24 Dec 2012

MARKET ROUNDUP (Source Bloomberg)

U.S. Stocks Advance for Week as Investors Watch Budget Talks; as reports signaled stronger economic growth and investors weighed prospects for a budget deal in Washington. The S&P 500 climbed 1.2 percent this week to 1,430.15, the biggest rally since Nov. 23. The Dow Jones Industrial Average added 55.83 points, or 0.4 percent, to 13,190.84. The S&P 500 rose earlier in the week as House Speaker John Boehner said he expects to keep working on a budget plan with President Barack Obama and reports on industrial production and economic growth topped forecasts. The index sank 0.9 percent on Dec. 21 as Boehner canceled a vote on a plan to allow higher tax rates on annual income above $1 million, yielding to resistance within his own party and spurring concern that Congress will fail to reach a budget compromise.

European Stocks Post Fifth Weekly Gain; as investors awaited developments in U.S. budget negotiations to avoid automatic tax hikes and spending cuts. The benchmark Stoxx Europe 600 Index (SXXP) rose 0.6 percent to 280.95 this week, paring gains after U.S. House Republicans canceled a vote on higher taxes for top earners, fueling concern budget talks will fail. The equity benchmark has rallied 20 percent from this year’s low on June 4 as the European Central Bank and the Federal Reserve introducedbond-buying programs, and U.S. gross domestic product growth beat forecasts.

Crude Oil Drops on Budget Talks Impasse: Commodities at Close-Crude oil fell for the first time in six sessions on concern that U.S. lawmakers will fail to avert a fiscal crisis after House Republican leaders canceled a planned vote on higher taxes for top earners. On the New York Mercantile Exchange, oil futures for January delivery slumped 1.6 percent to $88.66 a barrel, the first drop since Dec. 13.

Source: Jupiter Securities Research - 24 December 2012

MARKET ROUNDUP (Source Bloomberg)

U.S. Stocks Advance as Boehner Vows to Work With Obama; as House Speaker John Boehner said he expects to keep working on a budget plan with President Barack Obama. The S&P 500 climbed 0.6 percent to close at 1,443.69 today. The equity benchmark yesterday slipped from its highest level since Oct. 18 as a White House spokesman said Obama would veto a proposal presented by Boehner. The Dow Jones Industrial Average increased 59.75 points, or 0.5 percent, to 13,311.72. Stocks also advanced after third-quarter economic growth was revised higher. The 3.1 percent growth in gross domestic product exceeded the highest projection in a Bloomberg survey and compared with a previously estimated 2.7 percent gain, according to Commerce Department figures. The median estimate of economists called for a 2.8 percent advance.

European Stocks Close Little Changed at 19-Month High; as investors awaited developments in U.S. negotiations to avoid the so-called fiscal cliff of automatic tax increases and spending cuts. France’s CAC 40 and Germany’s DAX added less than 0.1 percent, while the U.K.’s FTSE 100 (UKX) declined less than 0.1 percent.

Crude Heads for Biggest Weekly Gain Since July on U.S. Economy; after better-than-projected economic growth in the U.S.,the world’s biggest crude consumer. Crude for February delivery was at $90.05 a barrel, down 8 cents, in electronic trading on the New York Mercantile Exchange at 10:55 a.m. Sydney time. The contract rose 15 cents to $90.13 yesterday, the highest close since Oct. 18. Prices are up 3.8 percent this week.

Source: Jupiter Securities Research - 21 December 2012

Stock Overview - KULIM - 21 Dec 2012

KULIM (2003 : 4.80 ) : Take profit

Description

Resistance : 4.86
Support : 4.72

RSI of 60
RSI is on the rise

STOCHASTIC
It is overbought

Comment
On the buy call of 5/12/2012 at 4.50, we are recommending to take profit as technicals are approaching overbought

Trading Strategy
Take profit

Source: Jupiter Securities Research - 21 December 2012

Stock Overview - MYEG - 21 Dec 2012

MYEG (0138 : 0.80 ) : Take profit

Description

Resistance : 0.83
Support : 0.78

RSI of 66
RSI is on the rise

STOCHASTIC
It is approaching overbought

Comment
On the buy call of 10/9/2012 at 0.74, we are recommending to take profit as technicals are approaching overbought

Trading Strategy
Take profit

Source: Jupiter Securities Research - 21 December 2012

Stock Overview - PERDANA - 21 Dec 2012

PERDANA (7108 : 1.07 ) : Take profit

Description

Resistance : 1.10
Support : 1.02

RSI of 66
RSI is neutral

STOCHASTIC
It is overbought

Comment
On the buy call of 21/11/2012 at 0.99, we are recommending to take profit as technicals are approaching overbought

Trading Strategy
Take profit

Source: Jupiter Securities Research - 21 December 2012

Stock Overview - GENM - 21 Dec 2012

GENM (4715 : 3.60 ) : Take profit

Description

Resistance : 3.64
Support : 3.43

RSI of 56
RSI is neutral

STOCHASTIC
It is overbought

Comment
On the buy call of 4/12/2012 at 3.46, we are recommending to take profit as technicals are approaching overbought

Trading Strategy
Take profit

Source: Jupiter Securities Research - 21 December 2012

Daily Summary - 21 - Dec 2012

YOUR MORNING COFFEE – Friday 21/12/2012

SUMMARY

• 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

MAHSING (8583 : 2.17 ) : Targeting 2.35/Stop loss 2.10

Description

Resistance : 2.35
Support : 2.14

RSI of 44
RSI is recovering

STOCHASTIC
It is oversold

Comment
The current rebound is heading for 2.35

Trading Strategy
Buy. Stop loss is at 2.10

Source: Jupiter Securities Research - 20 December 2012

Morning Coffee - 20 Dec 2012

MARKET ROUNDUP (Source Bloomberg)

U.S. Stocks Fall on Housing Data, Budget Negotiations; as deteriorating federal budget negotiations fueled concern that automatic tax increases and spending cuts will be triggered. The S&P 500 lost 0.8 percent to 1,435.81 today. The Dow Jones Industrial Average slipped 98.99 points, or 0.7 percent, to 13,251.97. The Chicago Board Options Exchange Volatility Index, known as the VIX, jumped 12 percent to 17.36 for the biggest gain since Oct. 23. The S&P 500 has rallied 14 percent this year and is up 1.4 percent in December after the Federal Reserve extended its unprecedented monetary-stimulus efforts. Stocks retreated today as White House Communications Director Dan Pfeiffer said President Barack Obama would veto a tax and spending proposal presented by House Speaker John Boehner because it would put “too big a burden on the middle class.

European Stocks Rise on German Business Confidence Report; as German business confidence rose more than forecast and optimism mounted that U.S. policy makers will reach an agreement on next year’s budget. France’s CAC 40 and the U.K.’s FTSE climbed 0.4 percent. Germany’s DAX gained 0.2 percent. Greece’s ASE rallied 4.8 percent.

Oil Drops From Two-Month High as U.S. Budget Talks Deteriorate; as budget negotiations deteriorated in the U.S., threatening the economy of the world’s biggest crude user. Crude for February delivery slid as much as 39 cents to $89.59 a barrel and was at $89.64 in electronic trading on the New York Mercantile Exchange at 10:58 a.m. Sydney time. The January contract, which expired yesterday, rose $1.58 to $89.51, the highest settlement since Oct. 19. Front-month prices are down 9.3 percent this year.

Source: Jupiter Securities Research - 20 December 2012

Stock Overview - PWROOT - 20 Dec 2012

PWROOT (7237 : 1.10 ) : Take profit

Description

Resistance : 1.12
Support : 1.00

RSI of 70
RSI is overbought

STOCHASTIC
It is overbought

Comment
On the buy call of 1/11/2012 at 1.00, we are recommending to take profit as technicals are overbought

Trading Strategy
Take profit

Source: Jupiter Securities Research - 20 December 2012

Stock Overview - HAIO - 20 Dec 2012

HAIO (7668 : 2.15 ) : Targeting 2.29/Stop loss 2.10

Description

Resistance : 2.29
Support : 2.10

RSI of 62
RSI is on the rise

STOCHASTIC
It is on an upswing

Comment
The current rebound is heading for 2.29

Trading Strategy
Buy. Stop loss is at 2.10

Source: Jupiter Securities Research - 20 December 2012

Stock Overview - POS - 20 Dec 2012

POS (4634 : 3.43 ) : Take profit

Description

Resistance : 3.44
Support : 3.30

RSI of 70
RSI is overbought

STOCHASTIC
It is overbought

Comment
On the buy call of 12/12/2012 at 3.29, we are recommending to take profit as technicals are overbought

Trading Strategy
Take profit

Source: Jupiter Securities Research - 20 December 2012

Daily Summary - 20 Dec 2012

YOUR MORNING COFFEE – Thursday 20/12/2012

SUMMARY

• Wall St closed 0.7% lower, awaiting for some agreement over resolving the fiscal cliff. Housing starts were down 3% in November.
• Dow of 13,251, is on a support at 13,000. RSI of 58 is down.
• DOLLAR INDEX is lower at 79.2. Support is at 78.9.
• Crude oil is higher at USD89.5. Resistance is at 93.0.
• Dollar yen is higher at 84.3 yen. Resistance is at 85.0.
• Euro/dollar is lower at 1.322. Support is at 1.302.
• Gold is lower at USD1669. Support is at 1643.
• Shanghai closed lower at 2162.
• Singapore STI closed higher at 3,158.
• Ringgit is weaker at 3.061. Downside is at 3.09.
• S’pore ringgit is higher at 2.509. Upside is at 2.540.
• Malaysian market closed higher at 1665. On the Daily chart, it is heading for a retest on the previous high of 1679. RSI is at 71. Support is at 1650. Today’s range is between 1660 and 1670.
• CPO March futures is lower at RM2331. Resistance is at 2516.
• Trading : PWROOT (7237 : 1.10 ) : Take profit, POS (4634 : 3.43 ) : Take profit, MAHSING (8583 : 2.16 ) : Targeting 2.35/Stop loss 2.10, HAIO (7668 : 2.15 ) : Targeting 2.29/Stop loss 2.10

Source: Jupiter Securities Research - 20 December 2012

Morning Coffee - 19 Dec 2012

MARKET ROUNDUP (Source Bloomberg)

S&P 500 Advances to 2-Month High Amid Optimism on Budget; amid signs of progress in efforts by President Barack Obama and Republicans to reach agreement on a new budget in Washington. The S&P 500 rose 1.2 percent to 1,446.79 at 4 p.m. in New York. It has gained 15 percent so far in 2012. The Dow Jones Industrial Average added 115.57 points, or 0.9 percent, to 13,350.96 today. About 7.4 billion shares changed hands on U.S. exchanges, 20 percent above the three-month average. The S&P 500 sank as much as 7.7 percent from its 2012 high in September as Obama’s re-election set up a budget showdown with the Republican-controlled House of Representatives. The benchmark gauge has climbed 6.9 percent since its November low amid optimism a compromise will be reached to avoid more than $600 billion in automatic tax increases and spending cuts.

European Stocks Rise Amid U.S. Budget Optimism; as U.S. President Barack Obama changed his position on tax increases, leading to optimism that Democrats and Republicans will agree on a compromise budget. The U.K.’s FTSE 100 gained 0.4 percent and Germany’s DAX added 0.6 percent. France’s CAC 40 rose 0.3 percent.

Oil Rises a Third Day on Signs of Progress in U.S. Budget; avoiding automatic spending cuts and tax increases next year. Futures rose 0.8 percent after President Barack Obama made a new offer on revenue and House Speaker John Boehner ended his opposition to boosting tax rates for some top earners, increasing optimism that the changes, the so-called fiscal cliff, won’t happen. A report tomorrow will show that oil stockpiles dropped, according to a Bloomberg survey. Crude oil for January delivery advanced 73 cents to $87.93 a barrel on the New York Mercantile Exchange, the highest settlement since Dec. 4. The January contract expires tomorrow. The more-actively traded February future rose 73 cents to settle at $88.40. Prices were little changed after the American Petroleum Institute reported U.S. oil supplies fell 4.1 million barrels to 371.7 million last week. The January contract traded at $88.97 a barrel at 4:33 p.m. the same as before the report’s release.

Source: Jupiter Securities Research - 19 December 2012

Stock Overview - MUDAJYA - 19 Dec 2012

MUDAJYA (5085 : 2.65 ) : Targeting 2.80/Stop loss 2.58

Description

Resistance : 2.80
Support : 2.60

RSI of 58
RSI is on a buy divergence

STOCHASTIC
It is oversold

Comment
The current upmove is heading for 2.80

Trading Strategy
Buy. Stop loss is at 2.58

Source: Jupiter Securities Research - 19 December 2012

Stock Overview - INSAS - 19 Dec 2012

INSAS (3379 : 0.46 ) : Targeting 0.54/Stop loss 0.43

Description

Resistance : 0.54
Support : 0.43

RSI of 82
RSI is overbought

STOCHASTIC
It is on an upswing

Comment
The current upmove is heading for 0.54

Trading Strategy
Buy. Stop loss is at 0.43

Source: Jupiter Securities Research - 19 December 2012

Stock Overview - TIME - 19 Dec 2012

TIME (4456 : 0.31 ) : Targeting 0.36/Stop loss 0.29

Description

Resistance : 0.36
Support : 0.29

RSI of 56
RSI is on a buy divergence

STOCHASTIC
It is oversold

Comment
The current upmove is heading for 0.36

Trading Strategy
Buy. Stop loss is at 0.29

Source: Jupiter Securities Research - 19 December 2012

Stock Overview - AFG - 19 Dec 2012

AFG (2488 : 4.24 ) : Take profit

Description

Resistance : 4.26
Support : 4.16

RSI of 75
RSI is overbought

STOCHASTIC
It is overbought

Comment
On the buy call of 1/10/2012 at 4.09, we are recommending to take profit as technicals are overbought

Trading Strategy
Take profit

Source: Jupiter Securities Research - 19 December 2012

Daily Summary - 19 Dec 2012

YOUR MORNING COFFEE – Wednesday 19/12/2012

SUMMARY

• Wall St closed 0.9% higher, on hope of a deal to resolve the fiscal cliff. Congress has offered to extend the debt limit by a year, and allowing tax on the wealthiest. It also got a boost following the upgrading of Greece by S&P due to the progress in Europe.
• Dow of 13,350, has recovered. Resistance is at 13,600. RSI of 64 is up.
• DOLLAR INDEX is lower at 79.3. Support is at 78.9.
• Crude oil is higher at USD87.9. Resistance is at 93.0.
• Dollar yen is higher at 84.3 yen. Resistance is at 85.0.
• Euro/dollar is higher at 1.322. Resistance is at 1.339.
• Gold is lower at USD1675. Support is at 1643.
• Shanghai closed higher at 2162.
• Singapore STI closed lower at 3,156.
• Ringgit is weaker at 3.049. Downside is at 3.09.
• S’pore ringgit is higher at 2.504. Upside is at 2.540.
• Malaysian market closed higher at 1659. On the Daily chart, it is heading for a retest on the previous high of 1679. RSI is at 68. Support is at 1650. Today’s range is between 1656 and 1666.
• CPO March futures is lower at RM2342. Resistance is at 2516.
• Trading : AFG (2488 : 4.24 ) : Take profit, TIME (4456 : 0.31 ) : Targeting 0.36/Stop loss 0.29, MUDAJYA (5085 : 2.65 ) : Targeting 2.80/Stop loss 2.58, INSAS (3379 : 0.46 ) : Targeting 0.54/Stop loss 0.43

Source: Jupiter Securities Research - 19 December 2012

Stock Overview - THHEAVY - 18 December 2012

THHEAVY (7206 : 0.56 ) : Take profit

Description

Resistance : 0.57

Support : 0.52

RSI of 62
RSI is neutral

STOCHASTIC
It is approaching overbought

Comment
On the buy call of 5/12/2012 at 0.51, we are recommending to take profit as technicals are approaching overbought

Trading Strategy
Take profit

Source: Jupiter Securities Research - 18 December 2012

Stock Overview - UOAREIT - 18 December 2012

UOAREIT (5110 : 1.36 ) : Targeting 1.47/Stop loss 1.33

Description

Resistance : 1.47

Support : 1.35

RSI of 54
RSI is on the rise

STOCHASTIC
It is on an upswing

Comment
The current upmove is heading for 1.47

Trading Strategy
Buy. Stop loss is at 1.33

Source: Jupiter Securities Research - 18 December 2012

Stock Overview - Benalec - 18 December 2012

BENALEC (5190 : 1.41 ) : Take profit

Description

Resistance : 1.44

Support : 1.34

RSI of 60
RSI is neutral

STOCHASTIC
It is approaching overbought

Comment
On the buy call of 30/11/2012 at 1.29, we are recommending to take profit as technicals are approching overbought

Trading Strategy
Take profit

Source: Jupiter Securities Research - 18 December 2012

Stock Overview - Bright - 18 December 2012

BRIGHT (9938 : 1.79 ) : Take profit

Description

Resistance : 1.80

Support : 1.63

RSI of 61
RSI is neutral

STOCHASTIC
It is approaching overbought

Comment
On the buy call of 26/11/2012 at 1.70, we are recommending to take profit as technicals are approaching overbought

Trading Strategy
Take profit

Source: Jupiter Securities Research - 18 December 2012

Daily Summary - 18 December 2012

SUMMARY

• Wall St closed 0.7% higher, on hope of a deal to resolve the fiscal cliff. Congress has offered to extend the debt limit by a year, and allowing tax on the wealthiest.
• Dow of 13,235, has recovered. Resistance is at 13,600. RSI of 59 is up.
• DOLLAR INDEX is lower at 79.6. Support is at 79.4.
• Crude oil is higher at USD87.2. Resistance is at 93.0.
• Dollar yen is lower at 83.8 yen. Resistance is at 84.0.
• Euro/dollar is higher at 1.316. Resistance is at 1.317.
• Gold is lower at USD1696. Support is at 1643.
• Shanghai closed higher at 2160.
• Singapore STI closed lower at 3,158.
• Ringgit is weaker at 3.050. Downside is at 3.09.
• S’pore ringgit is higher at 2.505. Upside is at 2.540.
• Malaysian market closed lower at 1648. On the Daily chart, it has been capped at the overhead resistance of 1658, indicating a likely pullback. Support is at 1635. Today’s range is between 1644 and 1654.
• CPO March futures is higher at RM2350. Resistance is at 2516.
• Trading : BRIGHT (9938 : 1.79 ) : Take profit BENALEC (5190 : 1.41 ) : Take profit THHEAVY (7206 : 0.56 ) : Take profit UOAREIT (5110 : 1.36 ) : Targeting 1.47/Stop loss 1.33

Source: Jupiter Securities Research - 18 December 2012

Daily Summary - 17 Dec 2012

SUMMARY

• Wall St closed 0.3% lower, as uncertainty over the fiscal cliff continued in spite of positive news. Industrial production jumped 1.1% in November. CPI eased 0.3%.
• Dow of 13,135, has retreated from the overhead resistance of 13,330. Support is at 12,900. RSI of 54 is down.
• DOLLAR INDEX is lower at 79.6. Resistance is at 81.2.
• Crude oil is higher at USD86.7. Resistance is at 93.0.
• Dollar yen is higher at 84.0 yen. Resistance is at 84.0.
• Euro/dollar is higher at 1.316. Resistance is at 1.317.
• Gold is lower at USD1695. Support is at 1643.
• Shanghai closed higher at 2150.
• Singapore STI closed higher at 3,168.
• Ringgit is weaker at 3.050. Downside is at 3.09.
• S’pore ringgit is higher at 2.505. Upside is at 2.540.
• Malaysian market closed lower at 1651. On the Daily chart, it has been capped at the overhead resistance of 1658, indicating a likely pullback. Support is at 1635. Today’s range is between 1648 and 1656.
• CPO Feb futures is higher at RM2275. Support is at 2210.

Source: Jupiter Securities Research - 17 December 2012

Daily Summary - 14 Dec 2012

SUMMARY    
  

• Wall St closed 0.4% lower, as uncertainty over the fiscal cliff continued in spite of positive news. Retail sales rebounded in  November, up 0.3% in the month. Weekly initial jobless claims dipped to 343,000. 
• Dow of 13,170, has retreated from the overhead resistance of 13,330. Support is at 12,900. RSI of 57 is down.
• DOLLAR INDEX is higher at 79.9.  Resistance is at 81.2.
• Crude oil is lower at USD85.8. Resistance is at 93.0.
• Dollar yen is higher at 83.6 yen. Resistance is at 84.0.
• Euro/dollar is higher at 1.307. Resistance is at 1.313.
• Gold is lower at USD1696. Support is at 1643.
• Shanghai closed lower at 2061.
• Singapore STI closed higher at 3,156.
• Ringgit is weaker at 3.060. Downside is at 3.09.
• S’pore ringgit is higher at 2.505. Upside is at 2.540.
• Malaysian market closed higher at 1652. On the Daily chart, it has been capped at the overhead resistance of 1658, indicating a likely pullback. Support is at 1635. Today’s range is between 1646 and 1656.
• CPO Feb futures is lower at RM2230. Support is at 2210.
• Trading : DIGI (6947 : 5.05 )  : Take profit  DAYANG (5141 : 2.47 )  : Targeting 2.70/Stop loss 2.38 GAMUDA (5398 : 3.64 )  : Targeting 3.90/Stop loss 3.54

Source: Jupiter Securities Research - 14 December 2012

Stock Overview - DAYANG - 14 Dec 2012

DAYANG (5141 : 2.47 )  : Targeting 2.70/Stop loss 2.38

Description

Resistance :       2.70

Support      :        2.38

RSI of 72

RSI is to stay overbought awhile longer

STOCHASTIC 

It is on an upswing

Comment

The current upmove is heading for 2.70. A tight stop loss should be placed at 2.38

Trading Strategy

Buy. Stop loss is at 2.38

Source: Jupiter Securities Research - 14 December 2012

Stock Overview - GAMUDA - 14 Dec 2012

GAMUDA (5398 : 3.64 )  : Targeting 3.90/Stop loss 3.54

Description

Resistance :     3.90
Support      :      3.54

RSI of 55
RSI is on the rise

STOCHASTIC 
It is on an upswing

Comment
The current upmove is heading for 3.90. A tight stop loss should be placed at 3.54

Trading Strategy
Buy. Stop loss is at 3.54

Source: Jupiter Securities Research - 14 December 2012

Stock Overview - DIGI - 14 Dec 2012

DIGI (6947 : 5.05 )  : Take profit

Description

Resistance :  5.10
Support     :  4.90

RSI of 62
RSI is on the rise

STOCHASTIC 
It is approaching overbought

Comment
On the buy call of 4/12/2012 at 4.83, we are recommending to take profit as technicals are approaching overbought

Trading Strategy
Take profit

Source: Jupiter Securities Research - 14 December 2012

Stock Overview - PERISAI - 13 Dec 2012

PERISAI (0047 : 1.13 ) : Targeting 1.25/Stop loss 1.07

Description

Resistance : 1.25
Support : 1.07

RSI of 59
RSI is on the rise

STOCHASTIC
It is oversold

Comment
The breakout yesterday is heading for 1.25. A tight stop loss should be placed at 1.07

Trading Strategy
Buy. Stop loss is at 1.07

Source:Jupiter Securities Research - 13 December 2012

Stock Overview - TM - 13 Dec 2012

TM (4863 : 5.80 ) : Take profit

Description

Resistance : 5.86
Support : 5.60

RSI of 67
RSI is approaching overbought, indicating a limited upside

STOCHASTIC
It is overbought

Comment
On the buy call of 29/11/2012 at 5.80, we are recommending to take profit as technicals are approaching overbought

Trading Strategy
Take profit

Source:Jupiter Securities Research - 13 December 2012

Stock Overview - BJTOTO - 13 Dec 2012

BJTOTO (1562 : 4.50 ) : Take profit

Description

Resistance : 4.60
Support : 4.36

RSI of 58
RSI has met resistance at 58 level, indicating a likely pullback

STOCHASTIC
It is overbought

Comment
On the buy call of 7/6/2012 at 4.31, we are recommending to take profit as technicals are approaching overbought

Trading Strategy
Take profit

Source:Jupiter Securities Research - 13 December 2012

Stock Overview - AIRASIA - 13 Dec 2012

AIRASIA (5099 : 2.75 ) : Targeting 2.94/Stop loss 2.70

Description

Resistance : 2.94
Support : 2.72

RSI of 33
RSI is oversold

STOCHASTIC
It is oversold

Comment
The breakout yesterday is heading for 2.94. A tight stop loss should be placed at 2.70

Trading Strategy
Buy. Stop loss is at 2.70

Source:Jupiter Securities Research - 13 December 2012

Daily Summary - 13 Dec 2012

YOUR MORNING COFFEE – Thursday 13/12/2012

SUMMARY

• Wall St closed 0.02% lower, as the quantitative easing announced by US Fed was as expected. US Fed will continue pursue bond purchase program until the unemployment rate dropped to 6.5%.
• Dow of 13,245, is heading for a test on the overhead resistance of 13,290. RSI of 62 is rising.
• DOLLAR INDEX is lower at 79.8. Resistance is at 81.2.
• Crude oil is higher at USD86.8. Resistance is at 93.0.
• Dollar yen is higher at 83.2 yen. Resistance is at 84.0.
• Euro/dollar is higher at 1.307. Resistance is at 1.313.
• Gold is lower at USD1708. Support is at 1643.
• Shanghai closed higher at 2082.
• Singapore STI closed higher at 3,141.
• Ringgit is stronger at 3.048. Downside is at 3.09.
• S’pore ringgit is lower at 2.497. Upside is at 2.540.
• Malaysian market closed higher at 1649. On the Daily chart, the rebounding RSI of 64, points to a likely technical rebound to test the overhead resistance of 1658. Support is at 1622. Today’s range is between 1644 and 1658.
• CPO Feb futures is lower at RM2241. Support is at 2210.
• Trading : BJTOTO (1562 : 4.50 ) : Take profit, TM (4863 : 5.80 ) : Take profit, AIRASIA (5099 : 2.75 ) : Targeting 2.94/Stop loss 2.70, PERISAI (0047 : 1.13 ) : Targeting 1.25/Stop loss 1.07

Source:Jupiter Securities Research - 13 December 2012

Morning Coffee - 13 Dec 2012

MARKET ROUNDUP (Source Bloomberg)

U.S. Stocks Erase Gain as Optimism About Fed Plan Fades; as optimism about Federal Reserve plans to buy more bonds faded, with investor focus returning to the budget deadlock in Washington. The Standard & Poor’s 500 Index rose less than 0.1 percent to 1,428.48 in New York, erasing an earlier rally of as much as 0.8 percent. The Dow Jones Industrial Average slipped 2.99 points, or less than 0.1 percent, to 13,245.45. More than 6.6 billion shares changed hands on U.S. exchanges, or 6.3 percent above the three-month average, according to data compiled by Bloomberg.

European Stocks Are Little Changed as Fed Decision Looms; as investors waited for the Federal Reserve to announce its decisions on interest rates and economic stimulus, while American lawmakers continued talks on a new budget. The Federal Open Market Committee, which began a two-day meeting yesterday, will announce its interest-rate decision at 12.30 p.m. in Washington,followed by forecasts on economic growth, unemployment and inflation. The Fed will expand economic stimulus by announcing $45 billion in monthly Treasury purchases, according to a Bloomberg survey of economists. The U.K.’s FTSE 100 gained 0.4 percent, while France’s CAC 40 was little changed. Germany’s DAX rose 0.3 percent.

Oil Rises on Fed Move as IEA Boosts Demand Forecast; after the Federal Reserve unveiled a new round of measures to bolster the U.S. economy and as the International Energy Agency increased its demand forecast. Futures rose for a second day after the Fed said it will buy $45 billion a month in Treasury securities to help boost economic growth. The IEA raised fourth quarter and 2013
consumption estimates on signs of a demand rebound in China, the second-biggest oil user after the U.S.Crude for January delivery rose 98 cents, or 1.1 percent, to settle at $86.77 a barrel on the New York Mercantile Exchange. Prices are down 12 percent this year. They are heading for the first annual decrease since 2008. The Federal Open Market Committee for the first time linked the outlook for its main interest rate to unemployment and inflation.

Source:Jupiter Securities Research - 13 December 2012

Morning Coffee - 12 Dec 2012

MARKET ROUNDUP (Source Bloomberg)

U.S. Stocks Gain on German Confidence Amid Budget Talks; after German investor confidence climbed and traders awaited progress on federal budgetnegotiations in Washington. The Standard & Poor’s 500 Index advanced 0.7 percent to 1,427.84 at 4 p.m. in New York, after rallying as much as 1.1 percent earlier. The Dow increased 78.56 points, or 0.6 percent, to 13,248.44, its highest level since Oct. 22. About 6.4 billion shares changed hands on U.S. exchanges, 3.2 percent above the three-month average. The S&P 500 is less than 0.1 percent from erasing its loss since the Nov. 6 election as President Barack Obama seeks a deal with Republican lawmakers to avoid more than $600 billion of automatic tax increases and spending cuts starting next year. House Speaker John Boehner said today he is still “hopeful” the parties can reach a budget agreement before the end of the year.

European Stocks Rise on Federal Reserve Stimulus Optimism; amid speculation the U.S. Federal Reserve will expand stimulus measures and as German investor confidence in November beat forecasts. France’s CAC gained 0.9 percent, the U.K.’s FTSE 100 climbed 0.1 percent, while Germany’s DAX advanced 0.8 percent.

Oil Rises First Time in Six Days on German Confidence; as German investor confidence jumped in December. Crude for January delivery rose 23 cents, or 0.3 percent, to settle at $85.79 a barrel on the New York Mercantile Exchange. The contract dropped to $85.56 yesterday, the lowest close since Nov. 15. Prices are down 13 percent this year and are headed for the first annual decrease since 2008. Prices were little changed after the American Petroleum Institute reported oil inventories increased 4.27 million barrels to 375.8 million last week. Crude rose 20 cents to $85.76 a barrel at 4:41 p.m. in electronic trading. It was at
$86.01 before the report was released at 4:30 p.m.

Source:Jupiter Securities Research - 12 December 2012

Stock Overview - ITRONIC - 12 Dec 2012

ITRONIC (9393 : 0.41 ) : Take profit

Description

Resistance : 0.48
Support : 0.38

RSI of 53
RSI is neutral

STOCHASTIC
It is approaching overbought

Comment
On the buy call of 20/11/2012 at 0.42, we are recommending to take profit as technicals are approaching overbought

Trading Strategy
Take profit

Source:Jupiter Securities Research - 12 December 2012

Stock Overview - YINSON - 12 Dec 2012

YINSON (7293 : 2.00 ) : Take profit

Description

Resistance : 2.02
Support : 1.93

RSI of 69
RSI is overbought

STOCHASTIC
It is overbought

Comment
On the buy call of 6/12/2012 at 1.90, we are recommending to take profit as technicals are approaching overbought

Trading Strategy
Take profit

Source:Jupiter Securities Research - 12 December 2012

P&O (6009 : 1.32 ) : Take profit

Description

Resistance : 1.37
Support : 1.20

RSI of 74
RSI is overbought

STOCHASTIC
It is overbought

Comment
On the buy call of 4/12/2012 at 1.22, we are recommending to take profit as technicals are overbought

Trading Strategy
Take profit

Source:Jupiter Securities Research - 12 December 2012

Stock Overview - POS - 12 Dec 2012

POS (4634 : 3.29 ) : Targeting 3.54/Stop loss 3.20

Description

Resistance : 3.54
Support : 3.20

RSI of 72
RSI is overbought

STOCHASTIC
It is on an upswing

Comment
The breakout yesterday is heading for 3.54. A tight stop loss should be placed at 3.20

Trading Strategy
Buy. Stop loss is at 3.20

Source:Jupiter Securities Research - 12 December 2012

Morning Coffee - 12 Dec 2012

YOUR MORNING COFFEE – Wednesday 12/12/2012

SUMMARY

• Wall St closed 0.6% higher, ahead of further easing announcement on Wednesday’s FOMC where the US Fed will decide on the stimulus program, Operation Twist, which is expiring this month. It is likely to be converted into an outright bond purchase program.
• Dow of 13,248, is heading for a test on the overhead resistance of
• 13,290. RSI of 62 is rising.
• DOLLAR INDEX is lower at 80.0. Resistance is at 81.2.
• Crude oil is higher at USD85.8. Resistance is at 93.0.
• Dollar yen is higher at 82.5 yen. Resistance is at 84.0.
• Euro/dollar is higher at 1.300. Resistance is at 1.304.
• Gold is lower at USD1709. Support is at 1643.
• Shanghai closed lower at 2074.
• Singapore STI closed higher at 3,118.
• Ringgit is weaker at 3.054. Downside is at 3.09.
• S’pore ringgit is lower at 2.500. Upside is at 2.540.
• Malaysian market closed higher at 1641. On the Daily chart, the rebounding RSI of 55, points to a likely technical rebound to test the overhead resistance of 1646. Support is at 1622. Today’s range is between 1638 and 1648.
• CPO Feb futures is lower at RM2291. Support is at 2275.
• Trading : YINSON (7293 : 2.00 ) : Take profit, P&O (6009 : 1.32 ) : Take profit
• ITRONIC (9393 : 0.41 ) : Take profit, POS (4634 : 3.28 ) : Targeting 3.54/Stop loss 3.20

Source:Jupiter Securities Research - 12 December 2012

Stock Overview - TIME - 11 Dec 2012

TIME (4456 : 0.315 ) : Targeting 0.38/Stop loss 0.29

Description

Resistance : 0.38
Support : 0.29

RSI of 60
RSI is on the rise

STOCHASTIC
It is on an upswing

Comment
The breakout yesterday is heading for 0.38

Trading Strategy
Buy. Stop loss is at 0.29

Source:Jupiter Securities Research, 11 December 2012

Stock Overview - MAYBULK - 11 Dec 2012

MAYBULK (5077 : 1.38 ) : Targeting 1.52/Stop loss 1.33

Description

Resistance : 1.52
Support : 1.33

RSI of 56
RSI is on the rise

STOCHASTIC
It is on an upswing

Comment
The current recovery from the Double bottom of 1.30, is heading for 1.52

Trading Strategy
Buy. Stop loss is at 1.33

Source:Jupiter Securities Research, 11 December 2012

Stock Overview - CANONE - 11 Dec 2012

CANONE (5105 : 2.50 ) : Take profit

Description

Resistance : 2.59
Support : 2.40

RSI of 69
RSI is overbought

STOCHASTIC
It is overbought

Comment
On the buy call of 7/11/2012 at 2.30, we are recommending to take profit as technicals are overbought

Trading Strategy
Take profit

Source:Jupiter Securities Research, 11 December 2012

Morning Coffee - 11 Dec 2012

MARKET ROUNDUP (Source Bloomberg)

U.S. Stocks Rise on China Amid American Budget Talks; as economic data in China beat estimates and investors watched the latest developments in American budget talks. The S&P 500 rose less than 0.1 percent to 1,418.55 at 4 p.m. New York time. The Dow Jones Industrial Average added 14.75 points, or 0.1 percent, to 13,169.88. About 5.3 billion shares changed hands on U.S. exchanges, or 15 percent below the three- month average, according to data compiled by Bloomberg. In the U.S., lawmakers from both parties are leaving rhetorical room for a split-the-difference agreement with President Barack Obama on a U.S. budget deal. The president and House Speaker John Boehner met one-on-one yesterday at the White House, with representatives for the two leaders offering no details of the negotiations yet issuing identical statements afterward that “the lines of communication remain open.

European Stocks Close Little Changed at 18-Month High; as China’s industrial output and retail sales exceeded forecasts, offsetting concern a leadership change in Italy will disrupt efforts to reduce debt. Germany’s DAX and France’s CAC 40 added 0.2 percent, while the U.K.’s FTSE 100 (UKX) rose 0.1 percent.

Oil Trades Near Three-Week Low as Gasoline Supplies Seen Rising; before a government report that may show gasoline stockpiles rose to the most in eight months in the U.S., the world’s largest crude user. Crude for January delivery was at $85.63 a barrel, up 7 cents, in electronic trading on the New York Mercantile Exchange at 10:26 a.m. Sydney time. The contract slid 37 cents to $85.56 yesterday, the lowest close since Nov. 15. Prices are down 13 percent this year.

Source:Jupiter Securities Research, 11 December 2012

Daily Summary - 11 Dec 2012

YOUR MORNING COFFEE – Tuesday 11/12/2012

SUMMARY

• Wall St closed 0.1% higher, led by the technology sector. Focus is on this Wednesday’s FOMC where the US Fed will decide on the stimulus program, Operation Twist, which is expiring this month. It is likely to be converted into an outright bond purchase program.
• Dow of 13,169, is heading for a test on the overhead resistance of
• 13,290. RSI of 59, is rising.
• DOLLAR INDEX is lower at 80.3. Resistance is at 81.2.
• Crude oil is lower at USD85.5. Resistance is at 93.0.
• Dollar yen is higher at 82.4 yen. Resistance is at 84.0.
• Euro/dollar is higher at 1.294. Resistance is at 1.304.
• Gold is higher at USD1711. Support is at 1643.
• Shanghai closed higher at 2083.
• Singapore STI closed higher at 3,114.
• Ringgit is weaker at 3.059. Downside is at 3.09.
• S’pore ringgit is higher at 2.504. Upside is at 2.540.
• Malaysian market closed higher at 1632. On the Daily chart, the rebounding RSI of 54, points to a likely technical rebound to test the overhead resistance of 1644. Support is at 1622. Today’s range is between 1628 and 1638.
• CPO Feb futures is higher at RM2313. Support is at 2275.
• Trading : CANONE (5105 : 2.38 ) : Take profit
• HARTA (5168 : 4.90 ) : Targeting 5.16/Stop loss 4.84, MAYBULK (5077 : 1.39 ) : Targeting 1.52/Stop loss 1.33, TIME (4456 : 0.315 ) : Targeting 0.38/Stop loss 0.29

Source:Jupiter Securities Research, 11 December 2012

Stock Overview - WINGTM - 10 Dec 2012

WINGTM (2976 : 1.85 ) : Targeting 1.98/Stop loss 1.79

Description
Property, clothing

Resistance : 1.98
Support : 1.79

RSI of 64
RSI is on the rise

STOCHASTIC
It is on an upswing

Comment
The current recovery is heading for 1.98

Trading Strategy
Buy. Stop loss is at 1.79

Source:Jupiter Securities Research, 10 December 2012

Stock Overview - HOVID - 10 Dec 2012

HOVID (7213 : 0.26 ) : Targeting 0.33/Stop loss 0.24

Description

Resistance : 0.33
Support : 0.24

RSI of 59
RSI is on the rise

STOCHASTIC
It is on an upswing

Comment
The current recovery is heading for 0.33

Trading Strategy
Buy. Stop loss is at 0.24

Source:Jupiter Securities Research, 10 December 2012

Stock Overview - TAKASO - 10 Dec 2012

TAKASO (7071 : 0.37 ) : Take profit

Description

Resistance : 0.47
Support : 0.32

RSI of 60
RSI is overbought

STOCHASTIC
It is overbought

Comment
On the buy call of 6/12/2012 at 0.25, we are recommending to take profit as technicals are overbought

Trading Strategy
Take profit

Source:Jupiter Securities Research, 10 December 2012

Daily Summary - 10 Dec 2012

YOUR MORNING COFFEE – Monday 10/12/2012

SUMMARY

• Wall St closed 0.6% higher, as unemployment dipped to a 4 year low of 7.7%. There were 146,000 jobs added, against 77,000 estimate.The consumer confidence index dipped to 74.5, was a dampener. Dow of 13,155, is heading for a test on the overhead resistance of 13,290. RSI of 58, is rising.
• DOLLAR INDEX is higher at 80.4. Resistance is at 81.2.
• Crude oil is lower at USD85.9. Resistance is at 93.0.
• Dollar yen is higher at 82.6 yen. Resistance is at 84.0.
• Euro/dollar is lower at 1.291. Support is at 1.280.
• Gold is higher at USD1703. Support is at 1643.
• Shanghai closed higher at 2061.
• Singapore STI closed higher at 3,107.
• Ringgit is weaker at 3.054. Downside is at 3.09.
• S’pore ringgit is higher at 2.503. Upside is at 2.540.
• Malaysian market closed higher at 1617. On the Daily chart, the rebounding RSI of 40, points to a likely technical rebound to test the overhead resistance of 1644. Support is at 1595. Today’s range is between 1612 and 1622.
• CPO Feb futures is lower at RM2297. Support is at 2275.
• Trading : TAKASO (7071 : 0.33 ) : Take profit, WINGTM (2976 : 1.85 ) : Targeting 1.98/Stop loss 1.79, HOVID (7213 : 0.26 ) : Targeting 0.33/Stop loss 0.24

Source:Jupiter Securities Research, 10 December 2012

Morning Coffee - 10 Dec 2012

MARKET ROUNDUP (Source Bloomberg)

U.S. Stocks Cap Longest Weekly Gain Since August on Jobs; as employment growth topped forecasts and investors weighed prospects for a budget agreement in Washington. The S&P 500 (SPXL1) increased 0.1 percent to 1,418.07 for the week. The benchmark measure for American equities extended its advance from a three-month low on Nov. 15 to 4.8 percent and finished at the highest level since Election Day. The Dow Jones Industrial Average added 129.55 points, or 1 percent, to 13,155.13. The S&P 500 is down 0.7 percent since President Barack Obama was re-elected on Nov. 6 as he seeks a deal with Republican lawmakers to prevent more than $600 billion of automatic tax increases and spending cuts from coming into effect next year.

European Stocks Rally for Third Week on China, U.S. Talks; amid increasing optimism that China’s economy will sustain its recovery and U.S. lawmakers will reach a compromise to avoid a fiscal deadlock. The benchmark Stoxx Europe 600 Index (SXXP) advanced 1.2 percent to 279.17 this week, the highest since May 2011. The gauge has rallied 19 percent from this year’s low on June 4 as the European Central Bank and the Federal Reserve expanded bond purchases and U.S. economic data beat estimates. In the euro area, German Chancellor Angela Merkel hinted at the possibility that her country will eventually accept a write- off of Greek debt. Greece made a 10 billion-euro ($13 billion) offer to buy back bonds.

Oil Caps Weekly Loss as Dollar Strengthens Against Euro; after the U.S. jobless rate fell and Germany cut its growth forecast. Crude for January delivery decreased 33 cents to settle at $85.93 a barrel on the New York Mercantile Exchange. Prices dropped 3.4 percent this week and are down 13 percent this year. The dollar advanced as much as 0.7 percent to $1.2877 per euro, the highest level since Nov. 23. A stronger dollar and weaker common currency reduce oil’s appeal as an investment alternative.

Source:Jupiter Securities Research, 10 December 2012

Stock Overview - CIMB - 7 Dec 2012

CIMB (1023 : 7.58 ) : Targeting 8.10/Stop loss 7.40

Description

Resistance : 8.10
Support : 7.40

RSI of 48
RSI is on the rise

STOCHASTIC
It is oversold

Comment
The current recovery is heading for 8.10

Trading Strategy
Buy. Stop loss is at 7.40

Source:Jupiter Securities Research, 07 December 2012

Stock Overview - BRAHIMS - 7 Dec 2012

BRAHIMS (9474 : 0.99 ) : Take profit

Description

Resistance : 1.01
Support : 0.93

RSI of 67
RSI is overbought

STOCHASTIC
It is overbought

Comment
On the buy call of 23/11/2012 at 0.92, we are recommending to take profit as technicals are approaching overbought

Trading Strategy
Take profit

Source:Jupiter Securities Research, 07 December 2012

Daily Summary - 7 Dec 2012

YOUR MORNING COFFEE – Friday 7/12/2012

SUMMARY

• Wall St closed 0.3% higher, as Obama indicated agreement on taxes on the wealthy, a contentious issue in the fiscal cliff. Weekly initial jobless claims dipped to 370,000. This Friday, the employment data is expected to show 77,000 jobs added, with unemployment around 8%.
• Dow of 13,074, is heading for a test on the overhead resistance of
• 13,290. RSI of 54, is rising.
• DOLLAR INDEX is higher at 80.2. Resistance is at 81.2.
• Crude oil is lower at USD86.2. Resistance is at 93.0.
• Dollar yen is higher at 82.4 yen. Support is at 81.0.
• Euro/dollar is lower at 1.296. Support is at 1.280.
• Gold is higher at USD1701. Support is at 1643.
• Shanghai closed lower at 2029.
• Singapore STI closed higher at 3,078.
• Ringgit is weaker at 3.052. Downside is at 3.09.
• S’pore ringgit is higher at 2.500. Upside is at 2.540.
• Malaysian market closed higher at 1616. On the Daily chart, the rebounding RSI of 42, points to a likely technical rebound to test the overhead resistance of 1644. Support is at 1595. Today’s range is between 1612 and 1622.
• CPO Feb futures is lower at RM2295. Support is at 2275.
• Trading : BRAHIMS (9474 : 0.99 ) : Take profit, CIMB (1023 : 7.58 ) : Targeting 8.10/Stop loss 7.40

Source:Jupiter Securities Research, 07 December 2012

Morning Coffee - 7 Dec 2012

MARKET ROUNDUP (Source Bloomberg)

U.S. Stocks Rise as Apple Rebounds Amid Budget Talks; as Apple Inc. rebounded from its biggest drop in four years and investors weighed prospects for a budget deal in Washington. The Standard & Poor’s 500 Index increased 0.3 percent to 1,413.94 at 4 p.m. New York time. The Dow Jones Industrial Average advanced 39.55 points, or 0.3 percent, to 13,074.04. More than 5.7 billion shares changed hands on U.S. exchanges, or 8.9 percent below the three-month average. Equities fell earlier as the European Central Bank forecast the economy will shrink 0.5 percent this year, more than the 0.4 percent contraction it predicted in September. The ECB cut its 2013 forecast to a contraction of 0.3 percent, and projected expansion of 1.2 percent in 2014. Risks to the outlook remain on the downside, ECB President Mario Draghi said.

European Stocks Advance to 18-Month High on U.S. Optimism; amid optimism U.S. lawmakers will agree on a new budget and avoid the so-called fiscal cliff. The U.K.’s FTSE 100 climbed 0.2 percent, France’s CAC 40 rose 0.3 percent and Germany’s DAX advanced 1.1 percent.

Oil Falls to Three-Week Low as ECB Cuts European Growth; after the European Central Bank cut its euro- area growth forecasts and as U.S. lawmakers struggled to reach agreement on a budget plan. Crude for January delivery fell $1.62 to $86.26 a barrel on theNew York Mercantile Exchange, the lowest settlement since Nov. 15. Futures have dropped 13 percent this year.

Source:Jupiter Securities Research, 07 December 2012

Stock Overview - TAKASO - 6 Dec 2012

TAKASO (7071 : 0.25 ) : Targeting 0.35/Stop loss 0.22

Description

Resistance : 0.35
Support : 0.22

RSI of 49
RSI is on the rise

STOCHASTIC
It is oversold

Comment
The current recovery is heading for 0.35

Trading Strategy
Buy. Stop loss is at 0.22

Source:Jupiter Securities Research, 06 December 2012

Stock Overview - YINSON - 6 Dec 2012

YINSON (7293 : 1.90 ) : Targeting 2.10/Stop loss 1.85

Description

Resistance : 2.10
Support : 1.85

RSI of 56
RSI is steady

STOCHASTIC
It is on an upswing

Comment
The current recovery is heading for 2.10

Trading Strategy
Buy. Stop loss is at 1.85

Source:Jupiter Securities Research, 06 December 2012

Stock Overview - MNC - 6 Dec 2012

MNC (0103 : 0.12 ) : Targeting 0.20/Stop loss 0.10

Description

Mobile technology solutions

Resistance : 0.20
Support : 0.10

RSI of 49
RSI is neutral

STOCHASTIC
It is oversold

Comment
Bottomed out at the Double bottom of 0.10, upside is at 0.20

Trading Strategy
Buy. Stop loss is at 0.10

Source:Jupiter Securities Research, 06 December 2012

Daily Summary - 6 Dec 2012

YOUR MORNING COFFEE – Thursday 6/12/2012

SUMMARY

• Wall St closed 0.6% higher, as Obama indicated agreement on taxes on the wealthy, a contentious issue in the fiscal cliff. This Friday, the employment data is expected to show 77,000 jobs added, with unemployment around 8%.
• Dow of 13,034, is heading for a test on the overhead resistance of 13,290. RSI of 52, is rising.
• DOLLAR INDEX is higher at 79.7. Support is at 79.3.
• Crude oil is lower at USD87.9. Resistance is at 93.0.
• Dollar yen is higher at 82.3 yen. Support is at 81.0.
• Euro/dollar is lower at 1.307. Resistance is at 1.312.
• Gold is lower at USD1695. Support is at 1643.
• Shanghai closed higher at 2031.
• Singapore STI closed higher at 3,075.
• Ringgit is firmer at 3.044. Downside is at 3.09.
• S’pore ringgit is higher at 2.499. Upside is at 2.540.
• Malaysian market closed higher at 1613. On the Daily chart, the oversold RSI of 37, points to a likely technical rebound to test the overhead resistance of 1644. Support is at 1595. Today’s range is between 1609 and 1619.
• CPO Feb futures is lower at RM2284. Support is at 2275.
• Trading : MNC (0103 : 0.12 ) : Targeting 0.20/Stop loss 0.10, TAKASO (7071 : 0.25 ) : Targeting 0.35/Stop loss 0.22, YINSON (7293 : 1.90 ) : Targeting 2.10/Stop loss 1.85

Source:Jupiter Securities Research, 06 December 2012

Morning Coffee - 6 Dec 2012

MARKET ROUNDUP (Source Bloomberg)

U.S. Stocks Snap Two-Day Slump Amid Optimism Over Budget; amid optimism lawmakers will reach a budget agreement before the end of the year and after economic data topped estimates. The S&P 500 rose 0.2 percent to 1,409.28 at 4 p.m. New York time. The Dow Jones Industrial Average added 82.71 points, or 0.6 percent, to 13,034.49. The Nasdaq Composite Index declined 0.8 percent to 2,973.70. More than 7 billion shares changed hands on U.S. exchanges, or 12 percent above the three month average, according to data compiled by Bloomberg. Equities rose as a few dozen Republicans joined a bipartisan call to break the impasse between President Barack Obama and House Speaker John Boehner over taxes for the highest- earning
Americans, signing a letter calling for exploration of “all options. (COST)” Obama told a business group that “nobody wants to get this done more than me” and lawmakers probably could solve the budget debate in about a week if Republicans move.

European Stocks Rise to 18-Month High on China Optimism; as China signaled wider policy support for economic recovery, outweighing a report that showed euro-area manufacturing and services output shrank for a 10th month. France’s CAC 40 and Germany’s DAX each added 0.3 percent. U.K.’s FTSE 100 (UKX) rose 0.4 percent. China will keep macroeconomic policies stable, making adjustments as needed to deal with difficulties, the Communist Party’s Politburo said in its first assessment of the economy under new leader Xi Jinping.

Oil, gasoline fall as supplies rise, copper steady (Reuters)- Oil prices fell again on Wednesday as a sluggish global economy has traders worried about demand, but most other commodities had slight gains as investors awaited progress on U.S. budget talks or other news that could bring vigor back to the markets. Oil prices closed down about 1 percent for a third day of losses after data
showed larger-than-expected increases last week in stockpiles of refined products in the United States, the top energy consuming nation. Gasoline prices fell more than crude oil prices because of a spike in petroleum inventories.

Source:Jupiter Securities Research, 06 December 2012

Morning Coffee - 5 Dec 2012

MARKET ROUNDUP (Source Bloomberg)

U.S. Stocks Fall as Obama Holds Ground on Income Taxes; after President Barack Obama held his ground about raising tax rates for the highest-income Americans. The S&P 500 retreated 0.2 percent to 1,407.05 at 4 p.m. New York time. The Dow Jones Industrial Average fell 13.82 points, or 0.1 percent, to 12,951.78. More than 5.9 billion shares traded hands on U.S. exchanges, or 4.7 percent below the three- month average, according to data compiled by Bloomberg. U.S. President Obama’s administration rejected a Republican plan for tackling the fiscal cliff that omitted higher tax rates for top-earning Americans, leaving the issue unresolved with about four weeks left before more than $600 billion in tax increases and federal spending cuts start taking effect. European (SXXP)stocks rose as finance ministers met to discuss moves to stem the debt crisis.

European Stocks Rise for Second Day; Oerlikon Climbs; as American lawmakers continued to debate plans to address the socalled fiscal cliff. U.S. index futures and Asian shares were little changed. The Reserve Bank of Australia today cut its benchmark interest rate for the sixth time in 14 months. European governments are counting on the buyback as a market-based way of cutting Greece’s debt, paving the way for continued aid payments. Finance ministers set a Dec. 13 meeting to release the next 34.4 billion euros ($45 billion) for Greece.

Oil falls on U.S. budget, fuel demand concerns (Reuters); Oil prices fell on Tuesday, as concerns about the U.S. budget crisis and global fuel demand outweighed ongoing worries about instability in the Middle East. Markets have been on edge for weeks about whether U.S. lawmakers can make a budget deal by year end to avert the” fiscal cliff" -- automatic spending cuts and tax hikes that analysts say could stoke a recession. Oil markets also have been weighed down by euro zone troubles this year. Even if a U.S. budget deal is reached, market players said oil prices would be dragged by the prospect that oil demand would remain weak next year in many developed economies. U.S. crude oil futures gave up 59 cents to settle at $88.50 per barrel, bouncing off the 14-day moving average when it hit the intraday low of $87.57 a barrel.

Source:Jupiter Securities Research, 05 December 2012

Stock Overview - KULIM - 5 Dec 2012

KULIM (2003 : 4.50 ) : Targeting 4.86/Stop loss 4.36

Description

Resistance : 4.86
Support : 4.36

RSI of 35
RSI is rising

STOCHASTIC
It is on an upswing

Comment
The current recovery is heading for 4.86

Trading Strategy
Buy. Tight stop loss is at 4.36

Source:Jupiter Securities Research, 05 December 2012

Stock Overview - THHEAVY - 5 Dec 2012

THHEAVY (7206 : 0.51 ) : Targeting 0.57/Stop loss 0.48

Description
Oil and Gas services

Resistance : 0.57
Support : 0.48

RSI of 48
RSI is on the rise

STOCHASTIC
It is oversold

Comment
The current rebound is heading for 0.57

Trading Strategy
Buy. Stop loss is at 0.48

Source:Jupiter Securities Research, 05 December 2012

Stock Overview - KBB - 5 Dec 2012

KBB (7182 : 0.49 ) : Take profit

Description

Resistance : 0.52
Support : 0.44

RSI of 73
RSI is overbought

STOCHASTIC
It is overbought

Comment
On the buy call of 9/11/2012 at 0.44, we are recommending to take profit as it is overbought

Trading Strategy
Take profit

Source:Jupiter Securities Research, 05 December 2012

Stock Overview - FABER - 5 Dec 2012

FABER (1368 : 1.36 ) : Targeting 1.50/Stop loss 1.32

Description

Resistance : 1.50
Support : 1.32

RSI of 56
RSI is neutral

STOCHASTIC
It is oversold

Comment
The current upmove is heading for 1.50

Trading Strategy
Buy. Tight stop loss is at 1.32

Source:Jupiter Securities Research, 05 December 2012

Daily Summary - 5 Dec 2012

YOUR MORNING COFFEE – Wednesday 5/12/2012

SUMMARY

• Wall St closed 0.1% lower, drifting, as focus remains on the fiscal cliff. Dow of 12,951, is heading for a test on the overhead resistance of 13,290. RSI of 48, is slightly weak.
• DOLLAR INDEX is lower at 79.6. Support is at 79.3.
• Crude oil is lower at USD88.5. Resistance is at 93.0.
• Dollar yen is lower at 81.8 yen. Support is at 81.0.
• Euro/dollar is higher at 1.309. Resistance is at 1.312.
• Gold is lower at USD1695. Support is at 1643.
• Shanghai closed higher at 1975.
• Singapore STI closed lower at 3,062.
• Ringgit is firmer at 3.042. Downside is at 3.09.
• S’pore ringgit is lower at 2.497. Upside is at 2.540.
• Malaysian market closed higher at 1607. On the Daily chart, the oversold RSI of 31, 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 RM2294. Support is at 2275.
• Trading : KBB (7182 : 0.49 ) : Take profit, KULIM (2003 : 4.50 ) : Targeting 4.86/Stop loss 4.36, FABER (1368 : 1.36 ) : Targeting 1.50/Stop loss 1.32
• THHEAVY (7206 : 0.51 ) : Targeting 0.57/Stop loss 0.48 

Source:Jupiter Securities Research, 05 December 2012

Stock Overview - OLDTOWN - 4 Dec 2012

OLDTOWN (5201 : 2.04 ) : Take profit

Description

Resistance : 2.08
Support : 1.94

RSI of 68
RSI is approaching overbought

STOCHASTIC
It is overbought, indicating a small pullback

Comment
On the buy call of 12/10/2012 at 1.93, we are recommending to take profit due to a possible pullback

Trading Strategy
Take profit

Source:Jupiter Securities Research, 04 December 2012

Stock Overview - P&O - 4 Dec 2012

P&O (6009 : 1.22 ) : Targeting 1.40/Stop loss 1.17

Description

Resistance : 1.40
Support : 1.17

RSI of 61
RSI is rising

STOCHASTIC
It is on an upswing

Comment
It appears to have broken out of its consolidation, and is targeting 1.40. A tight stop loss should be placed at 1.17

Trading Strategy
Buy. Tight stop loss is at 1.17

Source:Jupiter Securities Research, 04 December 2012

Stock Overview - GENM - 4 Dec 2012

GENM (4715 : 3.46 ) : Targeting 3.70/Stop loss 3.33

Description

Resistance : 3.70
Support : 3.33

RSI of 47
RSI is rising

STOCHASTIC
It is on an upswing

Comment
It is targeting 3.70. A tight stop loss should be placed at 3.33

Trading Strategy
Buy. Tight stop loss is at 3.33

Source:Jupiter Securities Research, 04 December 2012

Stock Overview - DIGI - 4 Dec 2012

DIGI (6947 : 4.83 ) : Buy below 4.70

Description

Resistance : 5.10
Support : 4.65

RSI of 45
RSI is rising

STOCHASTIC
It is on an upswing

Comment
While a small pullback is possible, it is targeting 5.10. Stop loss is at 4.60

Trading Strategy
Buy below 4.70. Stop loss is at 4.60

Source:Jupiter Securities Research, 04 December 2012

Daily Summary - 4 Dec 2012

YOUR MORNING COFFEE – Tuesday 4/12/2012

SUMMARY

• Wall St closed 0.4% lower following a disappointing manufacturing report. The ISM manufacturing index dipped to its lowest level since July 2009. Construction spending rose 1.4% month on month. Car sales rebounded.
• Dow of 12,965, is heading for a test on the overhead resistance of 13,290. RSI of 49, is slightly weak.
• DOLLAR INDEX is lower at 79.8. Support is at 79.6.
• Crude oil is higher at USD89.1. Resistance is at 93.0.
• Dollar yen is lower at 82.2 yen. Support is at 81.0.
• Euro/dollar is higher at 1.305. Resistance is at 1.312.
• Gold is lower at USD1715. Support is at 1643.
• Shanghai closed lower at 1959.
• Singapore STI closed lower at 3,065.
• Ringgit is firmer at 3.039. Downside is at 3.09.
• S’pore ringgit is lower at 2.493. Upside is at 2.540.
• Malaysian market closed lower at 1607. On the Daily chart, the oversold RSI of 31, 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 RM2316. Support is at 2275.
• Trading : OLDTOWN (5201 : 2.04 ) : Take profit, P&O (6009 : 1.22 ) : Targeting 1.40/Stop loss 1.17, GENM (4715 : 3.46 ) : Targeting 3.70/Stop loss 3.33, DIGI (6947 : 4.83 ) : Buy below 4.70

Source:Jupiter Securities Research, 04 December 2012