A Cup of Tea

GD2U

The Dow Jones Industrial Average shed 50.71, 0.5%, but still held above 10,000. The S&P 500 and Nasdaq each lost about 0.6%. Putting a damper on the market was this morning's economic news: Readings on both PPI and housing starts missed expectations. Producer prices dropped by 0.6% in September, more than the 0.3-% drop economists had expected. Housing starts rose 0.5 % last month, less than the 2.8-% increase expected.

Thai stocks fell almost one percent on Tuesday, hit by late selling in energy shares, while Indonesia snapped a five-day winning streak with financial stocks and Bumi Resources leading the way. Indonesia's index fell 0.7%, stalling after a more than 2% run in the past five days ahead of a cabinet line-up expected in the week. "The market is waiting for a new catalyst. A key focus for now is on a cabinet line-up which is more likely to be favorable for a broader market sentiment.

BP Group Chief Executive Tony Hayward said on Tuesday the oil price rise was being driven by the fundamentals of supply and demand. Hayward was speaking at an Oil and Money conference in London. But last night Oil in New York dropped below $79 a barrel as the dollar climbed and an industry report showed an increase in crude stockpiles in the U.S., the world’s biggest energy consumer. Meanwhile Nickel was little changed at $19,300 a ton, while tin climbed 0.9% to $14,700 a ton as of 3:05 p.m. in Singapore. Palm Oil down 17 RM or -0.77% at 2180 RM.

As I believe that weakening US dollar will continue and demand for Oil break up we still focus on commodity sector such as ANTM INCO TINS BUMI PTBA ADRO. For CPO related UNSP and TBLA still underperform from JSX. In my view, if Oil continues to strengthening banking will under pressure.

On My opinion was start accumulating when market push lower because I believe our economic and regional getting better. Top Pick was TLKM ANTM INCO TINS BUMI PTBA UNTR and ADRO. And for second liner were UNSP TBLA CTRS CTRP BSDE and BNBR. Sell on Strength on banking for a while.

Cash Management was still my concern. Tightening liquidity and selling pressure from due date fund this week made JSX move limited.

“Deep is an opportunity” by Juntri
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