Startup weekend, IHSG overshadowed profit taking

Dana Aditiasari

Sindonews.com -composite index (IHSG) at today's trading will still show their ability and level of support are on-resistance-4.787 4.844. Three white soldiers pattern in very overbought area formed over IHSG indicates a bullish continuation overshadowed profit taking.

As head of the MNC Research delivered Securities, Edwin Sebayang started the first week of this month, Monday (4/3/2013).

From abroad, some contribute on JCI's sentiments. One of them is after a gain of 0.64 percent over last week, Dow Jones appears to have a chance to reach the highest level some time in the future on new levels of 14,200.

But economic reports and important news of the US and Europe may decide where a direction will go from current levels. Among all the important economic data will be dirrilis throughout this week, the labor report to be released Friday, the February nonfarm payrolls is paramount, it is estimated there will be an increase of 160 thousand jobs, while the unemployment rate is expected to stabilise at level 7, 9 percent.

In addition, another important economic data to consider, such as the ISM Nonmanufacturing (Tuesday); ADP employment, Factory orders, the Beige book (Wednesday); Chain Store Sales, and Initial Claims (Thursday).

According to Edwin, foreign fund inflow plus dasyatnya strong growth in net profit amid the strengthening rupiah encouraged issuers IHSG rose sharply last week amounted to 160,49 points (3.45 percent), where net foreign exchange buy Indonesia for 1 week Rp4,61 trillion and Rp18,77 trillion for the next nine weeks.

While compare total net foreign buying all 2012 of Parlay trillion, so by the rise in stock valuations make much more expensive. As a result, investors need to do selective buying.

(rna)

Finance; Investment; Business; Economics

Finance; Investment; Business; Economics

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