DISCLAIMER

This research report is prepared by PT MINNA PADI INVESTAMA Tbk for information purposes only and are not to be used or considered as an offer or the solicitation of an offer to sell or to buy or subscribe for securities or other financial instruments. The report has been prepared without regard to individual financial circumstance, need or objective of person to receive it. The securities discussed in this report may not be suitable for all investors. The appropriateness of any particular investment or strategy whether opined on or referred to in this report or otherwise will depend on an investor’s individual circumstance and objective and should be independently evaluated and confirmed by such investor, and, if appropriate, with his professional advisers independently before adoption or implementation (either as is or varied).

Kamis, 01 Agustus 2013

Morning Dew - 2 August 2013

Key Points
  • JCI ended slightly higher on Thursday as the resistance at around 4630-4640 continues to cap the advance. This however, may finally give way on Friday as the rising S&P may serve as a positive catalyst in the near-term for the JCI. Clearing this resistance will push the index to aim at 4779. Once cleared, this will mean the wave ii of c is likely to be over and that we're heading towards the completion of wave iii of c. Support stays at 4563 ahead of 4545.
  • Better-than-expected jobless claims and ISM for manufacturing data have sent the S&P 500 index to rally past 1700 mark. Both the Dow and NASDAQ also climbed. Jobless claims were down by 19k last week, signaling that the employment outlook continues to improve. US manufacturing sector also accelerated its expansion as the ISM index rose to 55.4 in July after a 50.9 reading in June. As economic data continues to improve, the odds for the Fed to start reducing its stimulus in September is also seen increasing.
  • Friday is seen positive as global mood will get a lift from rising US stocks. The recos pool still got ASRI trailing the others, with WSKT continues to lead the gainers. No new recos as one full week holiday is coming. The JCI is seen trading lightly as the week fades into a close ahead of a very, very, very long weekend.
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Diposting oleh di 16.04
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