Selasa, 14 Mei 2013

Morning Dew - 15 May 2013

Key Points
  • JCI rebounded after recent fall and rose 0.54% to end the day at 5081.94. Next resistance comes at 5115, followed by 5242 upon successful breakout. Support lies at Tuesday's low at 5037.41, followed by 5012, 4987 and 4957. 
  • AKRA's reco is filled at 5350. The stop is set below 4850, while the objectives are 5550, 5650, and 5950.
  • Optimism continued to push the U.S. stocks deeper into the uncharted territories as the Dow finished the day at 15215.20 and the S&P 500 index at 1650.34. Prolonged period of accomodative monetary policy has been supporting stocks so far and this is expected to continue for some time.
  • While the domestic catalysts of potential fuel price hike and the risk of rating downgrade remain in play, both have been kept at bay for now. Nonetheless, should Dow rally starts to see some exhaustion, profit taking can start to kick in again. Wednesday is still expected to be positive for now for JCI.
Click here to download the full update (PDF)

Tidak ada komentar:

Posting Komentar