Feb 7, 2012

Stock recommendations today

The blue chips fell slightly from their highest level since before the collapse of Lehman Brothers as traders cashed in on gains from last week's rally and remained cautious over the debt situation in Greece.
The Dow Jones Industrial Average, as quoted by foxbusiness.com, fell 17.1 points, or 0.13%, to 12845, the S&P 500 dipped 0.6 point, or 0.04%, to 1344 and the Nasdaq Composite slipped 3.7 points, or 0.13%, to 2902.
A strong reading on the U.S. jobs markets sent the Dow zooming to its highest level since before the collapse of Lehman Brothers in 2008 and the Nasdaq rallying to its best point since 2000 last week. The broad S&P 500, meanwhile, has had its best start to a year since 1987, climbing 6.9% thus far. 
The first trading day of the week was muted by comparison. Indeed, as of the time this article was published, slightly more than 3.3 billion shares traded hands on the New York Stock Exchange, the lowest so far in 2012.
What about Indonesia stock market today? Bisnis Indonesia provides recommendations today:

Sinarmas Sekuritas:
Technically, Jakarta Composite Index (JCI) may weaken today within the range of 3,942-4,005. Several stocks for day trading: SGRO, ICBP, LSIP, and BMRI. 

Panin Sekuritas:
Today, the JCI is estimated to decrease as lack of positive sentiment. The index will move to the support-resistance level of 3,941-3,992.

e-Trading Securities:
Today, the JCI may move within the range of 3,936-4,000 with potential correction.

Disclosure: No position at the stock mentioned above.

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