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).

Minggu, 18 Agustus 2013

Morning Dew - August 19th 2013

Key Points
  • JCI fell throughout the week alongside most of other global stock indexes as the market ponders at the possibility of the Fed to start reducing its monetary stimulus as soon as September. The Dow suffered more than 2% decline throughout the week. Technically speaking, the key resistance for the JCI next week will be the recent peak at 4699, followed by 4710-4720 (EMA resistance) as well as 4779, the next key resistance. Support will come at 4563, 4546, and 4403. 
  • Friday saw the releases of several US data, and as it turned out, confidence level fell in August to 80 from 85.1, way below the consensus of 85.2. Meanwhile, US housing starts and building permits were also reportedly came in below expectations despite showing turnaround from June's reading. Non-farm productivity, on the other hand, showed a better-than-expected reading in 2Q13.
  • For detailed technical outlook, please refer to the other pdf file linked to this post.
Click here to download the full update (PDF)
Click here to download the technical update (PDF)

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