- JCI ended its conundrum on Tuesday as the index surged to a fresh record high at 5,034.07. This set-up a new set of projection targets: 5068, 5133, and 5239. In addition, old projection targets still remain at 5121 and 5284. Key support now seen at 4962 while even more critical one lies at 4856.
- All three remaining recos have reached their entry points. KBLI (280), BKSL (285) and BIPI (166). On the other hand, PTPP managed to meet its final objective at 1400, hence it exited with gains of 64.71%.
- Consumer confidence climbed to 68.1, beating forcasts. However, business activity in Chicago area seen retreating to the contraction zone as the index fell to 49 from 52.4 in March.
- JCI expected to continue its positive tone on Wednesday as U.S. Stocks gained overnight. Major positive catalyst remains the easy monetary policy from central banks (Fed and ECB). Fed meeting later tonite and ECB to meet tomorrow. Rate cut is expected from the ECB while the Fed is seen to maintain its stimulus intact.
Selasa, 30 April 2013
Morning Dew - 1 May 2013
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