Blue-chip stocks finished with triple-digit gains for a second day as investors weighed signs of improvement in the U.S. economy and the prospects for stabilizing Europe's banks.
The Dow Jones Industrial Average, as reported by Wall Street Journal, gained 131.24 points, or 1.2%, to 10939.95. Materials and energy stocks led the gains, as the price of crude oil enjoyed its biggest one-day gain in 5 months. Technology was another bright spot, lifting the Nasdaq Composite 55.69 points, or 2.3%, to 2460.51. The Standard & Poor's 500-stock index rose 20.09 points, or 1.8% to 1144.04. What about Indonesia stock market today?
Jakarta Composite Index (JCI) is still mixed today and shadowed by movement of the regional stock markets. The support and resistance level is within 3,220-3,329.
Minna Padi Investama:
The JCI today is estimated to continue its gain with a support level at 3,217. Please monitor blue chips that suffered massive sell-off such as ASII, BBRI, and INDF.
The JCI technically may volatile and tend to increase within the range of 3,217-3,320. Several stocks to watch: MYOR, ICBP, GGRM, and BUMI.
Disclosure: No position at the stock mentioned above.
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