Quite passionate, JCI is ready to continue strengthening

Dana Aditiasari -Sindonews

Sindonews.com -Not satisfied with his position at the close of trading last week, the composite index (IHSG) still looks pretty excited to continue penguatannya.

"It will be in the range of JCI 4596-4653. Three White Soldiers pattern is placed over top of the IDX overbough diarea formed indicating a Bullish Continuation, "said head of research Edwin Sebayang MNC Securities Monday (25/2/2013).

He said, all of this week's bebebrapa important sentiment will look for global investors, among others, sequestration (USD85 billion federal spending cuts on automatic) which will be effective March

"Then, there are also elections in Italy, which will take place a lot between a group of Mario Monti VS Silvio Berlusconi," he said.

While some large u.s. issuers will release full year 2011 financial reports, as of Monday (Hertz, Lowe 's, Autodesk), Tuesday (Home Depot, Saks, Macy 's), Wednesday (Target, JC Penney), Thursday (Kohl 's, Best Buy, Barnes and Noble, Sears, Gap). and Friday (Pepco Holdings, Berkshire Hathaway).

"On the other hand, u.s. economic data which will be along this week as direlease, Tuesday (FHFA housing price index, S&P Case-Shiller home price index, new home sales, Richmond Fed manufacturing index, Ben Bernanke speaks)," he explained.

Then, he continued, on Wednesday (the durable goods orders, Ben Bernake speaks, pending home sales), Thursday (GDP, jobless claims, Chicago PMI), and Friday (Personal income, outlays & PMI manufacturing index, consumer sentiment, ISM mfg index, construction spending, auto sales).

Meanwhile, the country's other major economic data to note is the Euro Zone (Economic-Industrial-Consumer Confidence, CPI, German: Unemployment Rate, CPI, PMI), UK (GDP, Private Consumption, Export-Import, Consumer Confidence), and Japan (Retailer Sales, Industrial Production, Housing Starts, Construction Orders, CPI, Capital Spending).

"The movement in the future depending on the current JCI magnitude of fund inflow from either domestic or foreign investors once during eight weeks reached Rp 14 trillion. Padaha, for one year then foreign funds reaching Parlay trillion, because many current stock is approaching, or exceeds fair value reached him, "explains Edwin.

(izz)

Finance; Investment; Business; Economics

Finance; Investment; Business; Economics

Title Post: Quite passionate, JCI is ready to continue strengthening
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