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