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, 22 Agustus 2013

Morning Dew - 23 August 2013

Key Points
  • Another day, another slide as the FOMC minutes released on Wednesday bolstered the odds that the Fed will start reducing its stimulus sooner rather than later. JCI reached its intraday low at 4107.65 and despite it managed to erase some of its losses, the outlook remains gloomy as we are staring at the subsequent key support area around 4k and 4016. Upside is expected to remain capped at 4373 for now.
  • US data provided support for US stocks as jobless claims fell to 330,500 during the week ended August 17th. A week earlier it read 336k. Improving employment situation is seen contributing to raising the odds for Fed stimulus reduction next September. The Dow ended up 0.44% while the S&P 500 climbed 0.86% and NASDAQ gained 1.08%. As European stocks also gained, the JCI is expected move higher during Friday's session. Still, the overall outlook remains precarious as we are moving closer to the next FOMC meeting in mid-September.
  • WSKT, ACES and ASRI are removed from the recommendations list as all three hit their respective stop loss levels. ULTJ entered the list as its entry price is filled. By the end of the day, five stocks are active with IMAS and PGAS on the green while ARNA, MDLN, and ULTJ are underwater.
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Diposting oleh di 15.43
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