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Selasa, 17 September 2013

Morning Dew - 18 September 2013

Key Points
  • JCI took a pause ahead of the Fed's two-day meeting. The index managed to resume its ascend to as high as 4537 before it got pushed back and settled the day with a mere 0.1% decline. Resistance at 4562 is considered key to but so far it managed to hold. Should this key resistance managed to be breached, the index may aim for 4700 next and subsequently back to 5k.
  • Factors in play right now are definitely the FOMC meeting which is set to conclude its 2-day meeting on Wednesday night, while Summers out of Fed candidacy has been cheered by the markets. Janet Yellen is now a strong contender for the Fed chief position.
  • Next after LCGP recommendation, MLPL also in at 395. By the end of Tuesday's session only PGAS was still on the green. The other four recommendations were red. There is no change in view right now, no additional recos as well, as we opt to wait until the FOMC event has passed.
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