Magnus Capital: Prone To Profit Taking Index

Jakarta -At trading yesterday, TRADE on the move strengthened and closed up 19.02 points to as low as 4121.55 with transaction valued at Usd 2.53 trillion and foreign net buying worth Rp Gazette 127.28 billion. Volume of transactions having penurunanmenjadi 5.5 million. Reinforcement of the index along with the positive global exchange and positive sentiment about economic stimulus speculation Japan and Germany and France economic growth better than expected.

Overnight the Dow Jones index closed up thin 2.71 points to level 13172.14 data release retail sales increased 0.5% in U.s. in July and Germany's economic growth and the outside estimates, France failed to become a catalyst Activator index.Investors still tend to wait & see and alarming crisis which Europe and prolonged growth slowing in China that might be bad for the company's financial performance reports.

Regional index this morning opened mixed as a result of speculation against the weakened tend to release data on Us tonight are expected to weaken.It is expected to provide enough negative sentiment for the movement of TRADE.

In technical, is expected to move the index tends to be weakened in the range mixed 4083-4140. Stochastic signal form the death cross and prone to profit taking.

(ang/ang)