The Dow Jones Industrial Average led the gainers by rising 163 points/+0.5% on Wednesday (15.11.23) after US Inflation data proved to be sluggish and was triggered by a rally in Retail sector stocks. Inflation at the producer level also slowed to a growth rate of 1.3% yoy in Oct, versus 2.2% in Sept, lower than the 1.9% forecast.
US10YT dropped back below its Moving Average Support, following the release of US CPI data for Oct which successfully cooled to 3.2% yoy. US10YT most likely will be heading towards its target bottom at 4.309% yield. ADVISE: SELL MORE, reduce position. Resistance : yield 4.575% – 4.623% / 4.726%.
The S&P 500 and Nasdaq posted their biggest daily percentage gains since April 27 on Tuesday (14/11/23) as softer-than-expected inflation data supported the view that the Federal Reserve may be done raising interest rates.
Perseroan, berkedudukan di Kabupaten Deli Serdang, yang didirikan dengan nama PT Maja Agung Latexindo berdasarkan Akta Perseroan Terbatas PT Maja Agung Latexindo No. 283 tertanggal 25 Oktober 1988 yang dibuat di hadapan Benny Kristianto, S.H., Notaris di Jakarta, dan telah mendapatkan pengesahan Menkumham berdasarkan surat keputusan Menkumham No. C2-10064.HT.01.01.TH.1989 tertanggal 25 Oktober 1988 serta diumumkan dalam BNRI No. 2 serta Tambahan BNRI No. 101 Tahun 1990 (“Akta Pendirian”).
PT Janu Putra Sejahtera Tbk. (“Perseroan”) adalah perusahaan yang memiliki kegiatan usaha utama dan bergerak di bidang Peternakan Ayam dan Rumah Potong Ayam sejak berdiri hingga saat ini. Produk dan jasa yang dijual oleh Perseroan adalah DOC Parent Stock, DOC Ayam Broiler, Ayam Hidup, Karkas Ayam, Telur Komersil, dan Jasa Rumah Potong Ayam.
US10YT is currently trying to stay above MA10 & MA50 Support around yield 4.63% – 4.61%. There is potential for a further upside attempt to test MA20 / 4.75% Resistance; if it turns out to stop in that area, then SELL ON STRENGTH is advised.
Wall Street markets were mixed ahead of the US Inflation data release this Tuesday (approx. 20.30 GMT). The Dow Jones Industrial Average edged up 0.2% supported by Energy and Healthcare stocks, while the S&P500 and Nasdaq lost 0.1% and 0.2% respectively.
Investors are eagerly awaiting the US Inflation data for October on Tuesday, to get an update on the Fed’s progress in its efforts to bring inflation down from its highest levels in decades.
US10YT has attempted to perch back above the MA10 & MA50 levels, yet it hasn’t removed the threat of dropping to the bottom target of 4.309%, the result of the PARALLEL CHANNEL – the uptrend that has been broken.
