Reuters-The S&P 500 and the Dow Jones industrial average indexes ended Wednesday’s session with small gains as expectations for timing on a rate hike were largely unchanged after U.S. Federal Reserve minutes and investors waited on earnings reports.

Several voting policymakers judged a rate hike would be warranted “relatively soon” if the U.S. economy continued to strengthen, according to minutes from the September policy meeting released Wednesday afternoon.

While keeping rates low has risks, the Fed decided it was more risky to raise rates when they are concerned we might be seeing a slowdown in economic growth, said Kate Warne, investment strategist at Edward Jones in St. Louis.

“Unfortunately, they also didn’t provide a lot of clarity,” Warne said.

Traders have priced in small odds of a rate increase next month as the meeting falls days ahead of the Nov. 8 U.S. presidential election. The odds were still in favor of a December move, but down to 66 percent from 71 percent the day before, according to CME Group’s FedWatch tool.

With little news from the Fed, investors will see what earnings look like before they buy more stocks, said Steve Massocca, Chief Investment Officer, Wedbush Equity Management LLC in San Francisco.

Overall, S&P 500 third-quarter earnings are currently expected to fall 0.7 percent, marking the fifth quarter of negative earnings in a row, according to Thomson Reuters data.

The Dow Jones industrial average .DJI rose 15.54 points, or 0.09 percent, to 18,144.2, the S&P 500 .SPX gained 2.45 points, or 0.11 percent, to 2,139.18 and the Nasdaq Composite .IXIC dipped 7.77 points, or 0.15 percent, to 5,239.02.

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KLSE StockAlliance:
13/10/2016 Stock Picks
1. PESTECH / PRLEXUS / TALIWRK
2. GUH / DBHD / SUNSURIA
3. IREKA / PANTECH / MMSV

Stock Alliance
The information contained in this channel is for general information purposes only. Any reliance you place on such information is therefore strictly at your own risk.
We hope to bring profit to everyone as we did in today.

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The Trusted Bursa Analyst:
Stocks to watch today are : !

Saudee: Trade with close monitoring. Cutloss at RM 0.29

Prlexus: Watch for breakout, it will fill previous gap.Cut if below: RM 1.51, Tp1: RM 1.62, Tp2: RM1.68

Scicom: Breakout ! cut if below RM 2.05, TP1: RM 2.14, TP2: RM 2.20

Follow Your Trusted Bursa Analyst Channel for stockpicks and daily update.

https://telegram.me/TTrustedBA

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Logic Trading Analysis Channel:
BURSA MALAYSIA MARKET IDEAS THURSDAY (13/10/2016):

FBMKLCI LOCAL FUND STRONG SUPPORTING

Dear All,

The FBMKLCI closed lower at -1.69 point or -0.10% to close at 1667.03.

FBMKLCI remain sideways and very strong supported at this level, believed to be related to BUDGET 2017.

DJIA seem to be also strongly supported above 18000 this level. Most probably also due to next month election.

Since the market have been sideways for too long, investor and punter start to immune and we see average goreng on selected counter.

Although yesterday market remain gloomy, our FIFO picks like PRTASCO, TEKSENG catch rebound again make us laughing all the way to the bank.

Today we like to special highlight on KIANJOO, as it has finally bottom up with volume. Since CANONE have making big spike up, and CANONE owned KIANJOO 30%+. It mean that KIANJOO should do well as well.

Besides KIANJOO have been offered by Aspire Insight Sdn Bhd at price RM 3.30 before (reject cause want higher offer), which mean when KIANJOO trading anything below RM 3.0 already at huge discount, especially when latest quarter result August have show significant profit recover.

KIANJOO still busy in expanding it’s production capacity which we see mid to long term also full of opportunity in investing this company.

Refer : http://www.thestar.com.my/business/business-news/2016/04/21/kian-joo-may-consider-better-offer/

If there are much higher offer price surface by others company then will highly possible trigger “LIMIT UP”.

Follow us closely !
https://telegram.me/ltachannel !

Before Learn to BARK, Learn how to Shut Up this Thursday !

“Goreng Tetap Goreng” !

Yours Sincerely,
Logic Trading Analysis

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