JCI Saturated Buy, Investor profit-taking?

JAKARTA, MAKE MONEY BLOG $ - weakening Asian markets would be affected the movement of the Composite Stock Price Index on Wednesday (08/01/2012). The index is overbought and the market also support investors to take positions to take profit.



Asian stocks fell this morning affected by China's weak manufacturing data. The Nikkei fell 1.1 percent.


According to research Indovest Universe, Indonesia today's market is expected to experience weaker regional markets affected by the correction. Although the buying interest is quite high in trading yesterday, which is still volatile market conditions could trigger profit taking.


In addition, CSPI also began entering the overbought area. Investors can profit taking first. U.S. stocks closed lower in overnight trading with the Dow Jones index fell 64.33 points, or 0.49 percent, the S & P 500 fell 0.43 percent and the Nasdaq fell 0.21 percent.


Investors still wait and see and to sell ahead of the announcement of the Fed meeting on Wednesday and the ECB meeting on Thursday (02/08/2012). Although economic data is good enough, investors are still waiting.


Consumer confidence and Chicago Manufacturing increased in July. European investors also take action to wait and see ahead of the announcement of the ECB meeting on Thursday. They expect a new stimulus to revive the European economy. FTSE index was down 1 percent, the CAC fell 0.8 percent and the DAX fell 0.03 percent.
source: KOMPAS.com

please give me comments thanks

Posted in: Asian markets,Asian stocks,CSPI,Investors,JCI