Update Daily Investment News 13-04

Credit Suisse on COAL
Companies Mentioned (Price as of 11 Apr 11)
(ADRO.JK, Rp2275.00, UNDERPERFORM,
TP Rp2050.00)
(ITMG.JK, Rp48100.00, OUTPERFORM,
TP Rp57000.00)
(PTBA.JK, Rp22050.00, OUTPERFORM,
TP Rp27200.00)
(BORN.JK, Rp1640.00, OUTPERFORM,
TP Rp2000.00)
(HRUM.JK, Rp9100.00, NEUTRAL,
TP Rp9600.00)
(INDY.JK, Rp3975.00, OUTPERFORM,
TP Rp5400.00)

15 April 2011::  Rups INTA, TRIO, UNTR Roadshow Di United Kingdom(CLSA/KZ)     

Buy Crude, Could Hit $160: Bank of America
http://www.cnbc.com/id/42566061

Pro Traders: Bears About to Push S&P Sharply Lower?
http://www.cnbc.com/id/42551162

Kleintop: S&P Could Erase 2011 Gains, Retest 1,250
http://finance.yahoo.com/blogs/breakout/kleintop-p-could-erase-2011-gains-retest-1250-20110412-130113-239.html;_ylt=Atg_EGwHxCT90qx8QkiBsBO7YWsA;_ylu=X3oDMTE2b3BwaWN0BHBvcwMxMgRzZWMDdG9wU3RvcmllcwRzbGsDc2FtcHBjb3VsZGVy?sec=topStories&pos=9&asset=&ccode=

History bodes ill for stock market
Commentary: Market’s valuation currently well above average
http://www.marketwatch.com/story/history-bodes-ill-for-stock-market-2011-04-12

Where have all the bears gone?
Commentary: The bulls recently have come out of the woodwork
http://www.marketwatch.com/story/where-have-all-the-bears-gone-2011-04-13

Goldman Call to Sell Oil Sets Up Buying Opportunity: Traders
http://www.cnbc.com/id/42554378

Correction in Commodities Likely Shortlived: Experts
http://www.cnbc.com/id/42547952

Five Things to Watch: JPMorgan, AIG & More
http://www.cnbc.com/id/42561019

Strong Demand for Dark Pools in Asia Boosts Liquidnet Volumes
http://www.cnbc.com/id/42547199

The Debt Bomb Is Coming Due
http://www.cnbc.com/id/42554620

U.S. Treasury Yields May Reach Two-Month High of 3.75%: Technical Analysis
http://www.bloomberg.com/news/2011-04-13/u-s-treasury-yields-may-reach-two-month-high-of-3-75-technical-analysis.html

Exxon, Chevron May Be S&P 500’s ‘Soft Patch’: Technical Analysis
http://www.bloomberg.com/news/2011-04-12/exxon-chevron-may-be-s-p-500-s-soft-patch-technical-analysis.html

Gold May Advance to $1,560 an Ounce, Commerzbank Says: Technical Analysis
http://www.bloomberg.com/news/2011-04-12/gold-may-advance-to-1-560-an-ounce-commerzbank-says-technical-analysis.html

Crude Oil Plunges as Higher Prices Are Forecast to Curb Growth
Brent oil may drop more than $15 to $105 a barrel, Goldman said in a note to clients today.
http://www.bloomberg.com/news/2011-04-12/crude-oil-declines-the-most-in-almost-five-months-on-japan-crisis-economy.html

Hot Option Plays: Catalysts Bulls May Look For
http://www.dailymarkets.com/options/2011/04/12/hot-option-plays-catalysts-bulls-may-look-for/

Daily Forex Technicals |   Written by FXtechtrade
EUR/USD
Today's support: - 1.4394 and 1.4355(main), where correction is possible. Break would give 1.4297, where correction also may be. Then follows 1.4276. Break of the latter would result in 1.4258. If a strong impulse, we would see 1.4225. Continuation will give 1.4197. Today's resistance: - 1.4513 and 1.4538(main). Break would give 1.4580, where a correction is possible. Then goes 1.4603. Break of the latter would result in 1.4627. If a strong impulse, we'd see 1.4654. Continuation will give 1.4680.
USD/JPY
Today's support: - 83.43, 83.22 and 82.77(main). Break would bring 82.38, where correction is possible. Then 81.96, where a correction may also happen. Break of the latter will give 81.67. If a strong impulse, we would see 81.43. Continuation would give 81.20. Today's resistance: - 84.63, 85.06, 85.21 and 85.52(main), where a correction may happen. Break would bring 85.77, where also a correction may be. Then 85.92. If a strong impulse, we would see 86.19. Continuation will give 86.40.
DOW JONES INDEX
Today's support: - 12195.00(main), where a delay and correction may happen. Break of the latter will give 12180.70, where correction also can be. Then follows 12150.00. Be there a strong impulse, we shall see 12135.72. Continuation will bring 12096.32. 
Today's resistance: - 12336.50, 12388.19 and 12425.63(main), where a delay and correction may happen. Break would bring 12453.72, where a correction may happen. Then follows 12475.14, where a delay and correction could also be. Be there a strong impulse, we'd see 12508.37. Continuation would bring 12532.50

Daily Forex Technicals |   Written by Mizuho Corporate Bank
EURUSD
Comment: Inching up to a new recent high at 1.4520, at the upper edge of the 'channel' since February, with tiny signs of instability. Moving averages are supportive and all elements of this daily Ichimoku 'cloud' chart suggest a long position. Strategy: Attempt longs at 1.4455/1.4400; stop below 1.4240. First target 1.4500/1.4520, then more.
Direction of Trade: →
Chart Levels:
Support     Resistance
1.4455 "     1.45
1.4421             1.4520*
1.4376             1.455
1.4291             1.4580*
1.4205*      1.462

GBPUSD
Comment: Sterling one of this month's worst-performing currencies along with the US dollar and the yen, EUR/GBP at its highest since October. Cable still till swinging either side of 1.6200, holding inside a potential 'broadening top'. We continue to favour a test of important resistance at 1.6500 with moving averages hopefully supporting today. This is a laggard. Strategy: Attempt small longs at 1.6275; stop below 1.6200. First target 1.6400, then 1.6500.
Direction of Trade: →
Chart Levels:
Support     Resistance
1.6245 "     1.6292
1.6227         1.6346
1.6184          1.64
1.617           1.6430*
1.61             1.6500*

USDJPY
Comment: Bouncing from the top of the large 'triangle' as expected, keeping to fairly neat consolidation in contrast to the very sharp moves in March. Allow for more work roughly between 83.50 and 85.50 today. Strategy: Attempt small longs on a dip to 83.80; stop below 83.45. Target 84.50, maybe 85.15.
Direction of Trade: →
Chart Levels:
Support     Resistance
83.95 "     84.43/84.50
83.75             84.79
83.47*      84.88
83             85.16
82.75             85.55**