IHSG prone to profit taking action

Dana Aditiasari -Sindonews

Sindonews.com -composite index (IHSG) at today's trade diproyeksi will be in the range of-4.653 4.596. With the inverted hammer pattern placed over her amid the overbought Stochastics indicator indicates rawannya exposed to profit taking.

So disclosed Research Head MNC Securties, Edwin Sebayang, Friday (22/2/2013).

Statement of The Federal Reserve Bank of Philadelphia said Business Conditions Index-Mid-Atlantic Region in February that sharp terkontraksi 2 consecutive months be-12.5 (indicate the manufacturing sector terkontraksinya in the area).

In addition, the sharp increase in Weekly unemployment benefit Claims jumped 20,000 unit wrote a sharp adjustment level becomes a factor in the decline of the 362,000 back Dow Jones of 46.92 points (-0.34 percent) accompanied the rise in The Vix closed down 3.68 percent + at level 18.

It happened in the middle of his in line the existing home sales data be 4,92 million homes but offer homes for sale terkontraksi to as low as the lowest in 13 years as well as The Leading Economic Index increased in January, thus giving a signal of economic activity grew.

The impact statement of The Fed's bond-buying program will stop the alias being "the Era of Cheap Money" back push commodity prices down sharply, oil-1.5 per cent, gold-0.15 percent (to level USD1500), nickel-tin-1.8 percent and 2.44 percent.

"With the fall of the" so it for 4 days in a row, the price of Nickel was down 9.16 percent and Tin-down-8.25 percent makes enough reason to Sell commodity-based stocks or • avoid, "said Edwin.

In addition, he said, with the Dow's fall back into negative sentiment for the overnight trade Friday amid the JCI this valuation overvalued him some big caps stocks & 2nd liners amid a major factor not to fall arrestor JCI, i.e. "The Liquidity Driven Market" which reached AS of YTD (Thursday, 8/02), net foreign buying amounted to Rp13,10 trillion.

(rna)

Finance; Investment; Business; Economics

Finance; Investment; Business; Economics

Wall Street firms supported the merger action

J Erna -Sindonews

Sindonews.com -stocks on exchanges in the United States (US) trade Tuesday local time following the merger action closed up a number of companies. It's encouraging investors in the market, profit mnedapat even during the index towards the highest lever.

Shares of Office Depot Inc. surged 9.4 percent to USD5,02 after knowing the news sources said the Office Tools retailer company is in talks to join the company's smaller rival, OfficeMax Inc.

The news comes after Berkshire Hathway and its partners agreed to acquired h. j. Heiz Co of USD23 million. This was followed by Mexico, brewer company Grupo Modelo, which revised the value of its acquisition of Anheuser-Busch InBev of USD20 billion.

The merger deals helped stocks reversed course as investors used the opportunity to perform the action. S&P index rose about 7 percent throughout this year and for the last seven weeks continuously since January 2011. While the Dow Jones Index closed down 0.9 percent from record highs.

The Dow Jones index climbed 0.39 points or 53,91 percent to 14.035,67; S&P 500 index rose 11.15 points or 0.73 percent to,94 and the Nasdaq Index 1,530 up 22.56 points or,56 percent to 3.213 0,68.

"This transaction gives swept up positive for the stock market," said market analyst and broker at FuturePath Trading LLC in Chicago, Frank Lesh as quoted Reuters, Wednesday (20/2/2013).

More from USD158 million transactions have been performed through 2013, doubled compared to the same period last year, with 57 percent of the global volume of dealings.

Reinforcement of Wall Street since the beginning of tahin encouraged improving net profit above expectations of issuers, a deal in Washington to delay cutting the budget and balanja tax increases that could worsen the economy.

(rna)

Finance; Investment; Business; Economics

Finance; Investment; Business; Economics