Wall Street stock index correction Give Negative Sentiment? ~ MAKE MONEY BLOG$

6/25/12

Wall Street stock index correction Give Negative Sentiment?

10:57 PM

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Wall Street stock index correction Give Negative Sentiment?
Jakarta - Composite Stock Price Index (CSPI) today slashed 31 points due to the rampant selling. Mining stocks sank so deep that dragged the index into the red zone.

Ending the trade earlier in the week, Monday (6/24/2012), stock index closed down 31.934 points, trimmed (0.83%) to the level of 3857.589. While LQ45 Index slid closed 6.755 points (1.02%) to a level of 657.098.

Wall Street stock market dropped sharply as investors feel the plan pesimitis European Union meeting this week. This correction nearly eliminates points that have been achieved by S & P 500 in the past month.

At the close of trading Monday, the Dow Jones fell 137.97 points (1.09%) to as low as 12502.81. The broader Standard & Poor's 500 index lost 21.30 points (1.60%) to a level of 1313.72. Nasdaq Composite Index decreased 56.26 points (1.95%) to a level of 2836.16.

Today, investors are still expected to wait for action related to the European Union meeting Thursday the day after tomorrow. But Wall Street's sharp correction could drag the index into the red zone.

Movement of the exchanges in Asia this morning:

The Nikkei 225 fell 31.80 points (0.36%) to a level of 8702.82.
KOSPI index thin 0.77 points (0.04%) to a level of 1824.61.

Recommendation stock today:
Panin Securities
Stock index fell yesterday driven by continued negative sentiment from the downgrade or downgrade 15 major banks as well as weak manufacturing data in China. Negative sentiment is positive news to close the meeting of leaders of Germany, France, Italy and Spain have agreed to set aside funds of 130 billion euros to support economic growth. We also look at global investors still wait and see ahead of EU summit on Thursday. Today we projected the index would move mixed with a tendency to weaken limited. The range of support-resistance 3820-3890.

eTrading Securities
In trading stock index fell yesterday, today's decline makes JCI re getting stuck in the sideways, with support at 3775 - 3943, has been in the fast stochastic oversold but the MACD Histogram area provides a significant impairment which has a tendency to move into the negative area.

For today's trading we expect will have a tendency JCI mixed to negative sentiment, as for stocks that can be considered are: CFIN, SGRO, BBRI and EARTH.
(Ang / ang)
SOURCE: DETIK.COM