Reuters-U.S. stocks racked up new all-time highs on Tuesday and the Dow Jones industrial average ended fewer than 100 points away from the 20,000 mark as a post-election rally showed no signs of fatigue.

All three major indexes established record highs. The Dow has climbed about 9 percent since the Nov. 8 election, with gains fueled by expectations that President-elect Donald Trump will reduce taxes and regulation and stimulate the economy.

Nine of the 11 major S&P sectors rose, with the technology index’s .SPLRCT climbing 1.23 percent. The index had lost 0.5 percent on Monday after posting its largest weekly advance in a year last week.

“What we’re seeing is the rally broaden out a little bit from beyond the Russell 2000 and the financial sector,” said Michael O’Rourke, chief market strategist at JonesTrading in Greenwich, Connecticut. “If you’re bullish, tech does look attractive here.”

Apple (AAPL.O) added 1.67 percent and provided the biggest support to the S&P and Nasdaq, while IBM (IBM.N) rose 1.69 percent, helping lift the Dow.

Other tech giants Microsoft (MSFT.O) and Amazon (AMZN.O) were up 1.30 percent and 1.87 percent, respectively.

Some investors see the 20,000-level on the Dow as a psychologically important signal of broad positive sentiment.
[12/14, 8:34 AM] Rosdi maybank: ♦ 14 Dec

Dow +114.78 ⬆
S&P +14.76 ⬆
Oil $52.48 ⬆
Gold $1160.0 ⬇
SoyOil $36.77 ⬇
USD/MYR 4.430 ⬇

Global News

U.S. stocks racked up new all-time highs on Tuesday and the Dow Jones industrial average ended fewer than 100 points away from the 20,000 mark as a post-election rally showed no signs of fatigue.

The U.S. dollar was steady against a basket of major currencies on Tuesday on uncertainty over whether the U.S. Federal Reserve would signal a slow or fast pace of interest rate increases at the end of a closely-watched policy meeting.

European stocks advanced, as investors endorsed UniCredit SpA’s 13 billion-euro ($13.8 billion) rights offer to put Italy’s biggest bank on a sounder footing.
+++++++++++==

investment consultant:
Bursa Malaysia Stocks
Wednesday 14/12/2016

Latest Currency exchange is RM4.44

Hot stock picks

Its window dressing month, monitor GLC stocks especially for those who are tradable, such as:

FGV,UEM,MRCB,DRBHICOM,MYEG and their call warrants

On the other hand, monitor ACE trading stocks :

OCNCASH,SOLUTION,OPENSYS,SYSTECH and etc…

Lastly , don’t stop monitoring oil and gas counters :
KNM, Thheavy , Hibiscs and etc…
[12/14, 8:39 AM] Rosdi maybank: PR Traders Admin Akif Zainal:
Salam and Morning All

MACRO : A consensus among investors this afternoon that the Federal Reserve will indeed raise interest rates a few basis points on Wednesday helped drive the Dow to near 20,000. At 3:10 p.m., Eastern, the DJIA was at 19914.12, an increase of 0.59%, or 117.69 points.Investors are confident the U.S. economy is expanding, as witnessed by consumer confidence studies, jobs numbers, and factory output figures in recent weeks. The NASDAQ Composite market index was also up, as was the S&P 500 index (investing. com)

MICRO : Index managed to break 20MA resistant and currently maintain just above 20MA. Ringgit weakens againts USD.

WHAT TO EXPECT? : With strong US economy data, the Feds is expected to raise interest rate which is not so good for us. Index will need to maintain above 20MA to keep up with the short term rally momentum. A break above 1660 will be seen bullish. However, expect some sell off today as market is seen unstable.

Below are my Watch List for SWING counters (14/12/2016)

OCNCASH
EP : ABOVE 0.400
SL : BELOW 0.385
TP : 0.430/0.465/0.520

#PRTips 7 : By clicking on the Trade Detail > Grouped By Time Chart, user can analyse the volume transaction size, such as the example given. A B% of 100% signifies that

#FYI we have 3 types of buycalls:
1 – SWING : Given every early morning such as above.
2 – CONTRA : Given in VIP Group before closing of market.
3 – INTRADAY : Live buy call during market operation in VIP Group.
#tepukdadatanyaselera

+++++++++++++++

BursaKakis Channel :
M+ Online Morning Buzz – 13Dec16

Dow Jones: 19,796.43 pts (+39.58pts, +0.20%)
U.S. stockmarkets ended mixed overnight as the Dow (+0.2%) registered its sixth straight winning streak but the S&P 500 fell 0.1% after the rally in financial shares faded

FBM KLCI: 1,641.42 pts (-2.33pts, -0.14%)
Profit taking activities sent the FBM KLCI 0.1% lower but the key index managed to recoup most of its intraday losses ahead of the extended weekend break on last Friday. The immediate resistance level is located around the 1,650-1,660 levels.

Crude Palm Oil: RM3,069 (-RM44, -1.41%)
Crude palm oil fell for the third consecutive session in line with the decline in soy bean oil prices. The RM3,200 level will serve as the next resistance level.

WTI Crude Oil: $52.83 (+$1.33, +2.57%)
Crude oil prices rallied after non-OPEC members have decided to reduce their output by 558,000 barrels per day collectively. Crude oil prices might trend towards the US$55-US$60 levels.

Gold: $1,162.22 (+$2.36, +0.20%)
Gold prices rebounded ahead of the two-day FOMC policy meeting. The US$1,150 level will serve as the immediate support level.

Economic Releases:
CN – China’s Industrial Production – 13Dec16, 10.00AM
CN – China’s Retail Sales – 13Dec16, 10.00AM

Bursa Malaysia Trade Statistics – 9Dec16
Institutions: Net SELL 22.7 mln (63.3%)
Retail: Net SELL 19.5 mln (13.2%)
Foreign: Net BUY 42.2 mln (23.5%)

Potential Momentum Stocks – 13Dec16
Stock Name: HIBISCS (5199)
Entry: Buy above RM0.305
Target: RM0.335 (9.8%), RM0.365 (19.7%)
Stop: RM0.295 (-3.3%)
Shariah: No
Technical: Flag-formation breakout

Stock Name: COMCORP (7195)
Entry: Buy above RM0.74
Target: RM0.78 (5.4%), RM0.835 (12.8%)
Stop: RM0.70 (-5.4%)
Shariah: Yes
Technical: Monitor for breakout

Source: Bloomberg, M+ Online

+++++++++++++++++++

Uob Kay Hian Daily Top Pick, 13 Dec 2016

3A, 0012
Close, 1.32
Breakout, 1.34
Buy TP, 1.44, 1.49
Support, 1.25
SL, 1.24

Time Frame, 2 Weeks to 2 Months

Comcorp, 7195
Close, 0.73
Breakout, 0.745
Buy, TP, 0.93, 0.985
Support, 0.665
SL, 0.66
Time frame 2 weeks to 2 months

Suncon, 5263
Close, 1.72
Buy TP, 1.84, 1.92
Support, 1.64
SL, 1.63
Time frame, 2 weeks to 2 months

Thanks

++++++++++++++++++

BKs Technical Ideas 14/12/2016

1) PMetal
2) Penta
3) Vis

Kindly refer to our charts posted in BKs Channel.

Our Telegram Link: telegram.me/bursakakis

Our Facebook Link : https://www.facebook.com/groups/192414771167397/

DISCLAIMER: The comments here are for sharing and learning purposes and do not represent a recommendation to buy or sell. Kindly consult your remisiers or dealers before you take any action. Thank you.

Glomac, PDZ Holdings, Kuantan Flour Mills, IHH Healthcare, Magni-Tech Industries, Boon Koon Group and Axiata Group

http://www.stockhut.com.my/news/236717

++++++++++++++

TradetheHotstocks:
Market News Roundup

1⃣ GLOMAC’s unit Glomac Regal SB received a winding-up order for the alleged neglect of RM3.49m payment to a contractor.

2⃣ PDZ’s Aminuddin Yusof Lana resigned as a director before the start of EGM that was called to remove him from the company’s board.

3⃣ KFM announced that the Federal Land Consolidation and Rehabilitation Authority (Felcra) intends to undertake RTO of the company to turnaround its existing business.

4⃣ IHH’s unit will set up a Sino-foreign equity company named Parkway Health Chengdu Hospital Co Ltd to provide specialised care and services.

5⃣ MAGNI has decided to close down its printing packaging products manufacturing unit, South Island Packaging (Penang) SB, to streamline the group’s operations.

6⃣ BKOON will dispose of its remaining 25% stake in hire purchase financing firm Hitachi Capital Malaysia SB for RM22m to Hitachi Capital Asia Pacific Pte Ltd.

7⃣ AXIATA and its subsidiary EDOTCO have entered into a US$600m primary and secondary equity private placement deal with Network Corporation of Japan and Khazanah.

8⃣ MQTECH is expanding into Cambodia via JV with Cambodian Resort And Entertainment Co Ltd (CRE) to build and manage a Jurassic theme park.

Sources: theedgemarkets.com ; thestar.com

14th December,2016 Markets Roundup

US MARKET
DJIA : 19,911.21 (+114.78)
S&P500 : 2,271.72 (+14.76)
NASDAQ : 5,463.83 (+51.29)
VIX : 12.72 (+0.08)
U.S. stocks racked up new all-time highs as investors turned their focus to the Federal Reserve’s first policy decision and outlook since the US elections due.

EUROPE/UK MARKET
FTSE : 6,968.57 (+78.15)
DAX : 11,284.65 (+94.44)
CAC 40 : 4,803.87 (+43.10)
European shares rose, helped by a rally in Italy’s biggest bank UniCredit on plans to bolster its balance sheet, while takeover speculation allowed Mediaset to make its best one-day gain ever.

CHINA/HK MARKET
SHANGHAI : 3,155.36 (+2.39)
HSI : 22,446.70 (+13.68)
China stocks erased early losses to end roughly flat, as better-than expected Nov retail sales and factory output data encouraged bargain-hunting.

JAPAN MARKET
Nikkei : 19,250.52 (+95.49)
Japanese shares pared early losses to rise, with support coming from likely buying by the Bank of Japan and as investors snapped up cheaper domestic demand-driven stocks.

M’SIA MARKET
KLCI : 1,645.28 (+3.86)
Blue chips closed higher, underpinned by gains in MISC, Hap Seng & Tenaga amid the steady crude oil prices but the ringgit lost ground against the major currencies.
⬆418⬇322↔341

OIL
WTI : 52.48
Brent : 55.23
Oil traded roughly flat, supported by strong demand in Asia and supply cuts by Abu Dhabi, Kuwait and Qatar as part of production curbs organized by OPEC and other exporters.

GOLD
GOLD : 1,160.10
Gold edged lower, losing its luster ahead of 2-day meeting of the US Federal Reserve that is expected to deliver the second interest rate rise in a decade.

FX & BONDS
USD/MYR : 4.4305
EUR/MYR : 4.7088
GBP/MYR : 5.6101
AUD/MYR : 3.3221
HKD/MYR : 0.5712
SGD/MYR : 3.1110
USD/JPY : 115.17
Msia 10 yr Bond Yield : 4.154%
US 10 yr Bond Yield : 2.473%

13/12 BURSA TRADE STAT
Retail (11.9%) – net SELL RM7.07M
Institution (54.7%) – net SELL RM152.83M
Foreign (33.4%) – net BUY RM159.90M
Total traded value RM1.729B
By SARA H’NG/ALAN TAN

Sources: investing.com, cnbc.com, reuters.com, bloomberg.com, barrons.com, klsescreener.com, theedgemarkets.com & thestar.com

+++++++++++

Logic Trading Analysis Channel:
BURSA MALAYSIA MARKET IDEAS WEDNESDAY (14/12/2016):

FBMKLCI THE FRONT RUNNER RULE

Dear All,

The FBMKLCI closed higher at +3.86 point or +0.24% to close at 1645.29.

FBMKLCI start to show positive uptrend, foreign fund make the front move come back, which before interest rate hike in coming day. This show that the market going to be bullish after the event.

DJIA remain super bullish as Trump effect remain unstopper, and expecting interest rate already price in. Therefore, what are you waiting?

Lets start goreng ! Last week we been asking premium member to collect some oil stock such as HIBISCS, and yesterday gap up !! To join as premium, welcome to pm us.

Beside our all time favorite IQGROUP mention few month back in my blog and in i3, big meletup hit above RM 2.50 successfully ! RM 3.0 coming soon !!

We continue to like current market movement, we expect more stock going up till the end of the year, such as MYEG, EKOVEST, GADANG, SALUTE and many more !

Join us to goreng opportunity !
https://telegram.me/ltachannel !

if you love life don’t waste time for time is what life is made up of this Wednesday !

“Goreng Tetap Goreng”

Yours Sincerely,
Logic Trading Analysis

Views – 551

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Post Navigation