Market Outlook

The outlook today will be from US indices & JKSE Index. Let's start from the local one as today it closed higher & just broken the 2500 psychological resistance, it seems that JKSE is still moving up. & might go to 2600, but remember, once after touched 2600 please be more careful as last time it really hard to break that level. As JKSE is so high nowadays, we still can speculate a bit on it. Well, in my opinion, get ready with your cash & once it dropped again, we have the cash to buy. Anyway, there's no indicator that recommend to sell. Look at the chart, as the chart is forming well & the economy is growing better than expected, tomorrow might be brighter. Lastly, the Indonesian Statistical Beaureau, stated that they expect Indonesia will grow better than the government's expectation.

Secondly, the favorite one, the Dow Jones Industrial, as it moved in a quite wide range recently. It consists of 30 top industrial companies in USA, well, we can see that it is still near by the 10000 level, but economy is growing & the market activity is recovering.. Yet it is still at mid-term uptrend channel, we can see that it affect our country. Look!!!

Lastly, the S&P500 index which can represent most top 500 companies in USA which is more representative the USA economy, that it isn't in a very 'fit' condition, well, overall US economy is still recovering not really recovered yet, but at this time we can earn more as it is still recovering, not recessing.

Happy Investing^^

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