Daily Analysis 20240717

July 17th, 2024

Good morning,

Dow rallies 700 points for best day in more than a year, Russell 2000 small-cap index jumps 3%

The Dow Jones Industrial Average
advanced to new highs on Tuesday, as the bull market broadened out beyond technology names on hopes of forthcoming interest rate cuts.

Dow……40955 +742.8 +1.85%
Nasdaq18509 +36.8 +0.20%
S&P 500.5667 +35.98 +0.64%

FTSE…..8165 -18.06 -0.22%
Dax……18518 -72.9 -0.39%
CAC……7580 -52.7 -0.69%

Nikkei..41275 +84.4 +0.43%
HSI……17727 -287.96 -1.60%
Shanghai.2976 +2.3 +0.08%

IDX….7278.86 -46.72 -0.66%
LQ45..912.58 -7.80 -0.85%
IDX30.450.86 -3.78 -0.83%

IDXEnergy..2417.64 +2.49 +0.10%
IDX BscMat1387.86 +8.90 +0.65%
IDX Indstrl.1016.35 -1.85 -0.18%
IDXNONCYC.709.45 -5.57 -0.78%
IDX Hlthcare1426.48 +0.05 +0.00%
IDXCYCLIC…753.01 +12.03 +1.62%
IDXTechno3331.16 +37.96 +1.15%
IDX Transp 1355.87 +6.02. +0.48%
IDX Infrast 1583.78 -11.75 -0.74%
IDX Finance1387.19 -8.55 -0.61%
IDX Banking1223.36 -11.08 -0.90%
IDX Property…..641 -1.80 -0.28%

Indo10Yr.7.0254 -0.0059 -0.08%
ICBI…382.2191 +0.1713 +0.04%
US2Yr.4.421👍 -0.039 -0.87%
US5Yr 4.076 👍 -0.059 -1.42%
US10Yr4.157👍 -0.068 -1.61%
US30Yr.4.372 👍-0.087 -1.95%
VIX..13.10 -0.02 -0.15%

USDIndx 104.2700 +0.081 +0.08%
Como Indx….285.79 -2.60 -0.90%
BCOMIN…… 148.07 -2.60 -1.73%

IndoCDS..71.73 +0.01 +0.01%
(5-yr INOCD5) (15/07)

IDR…..16179.50❗️+9.50 +0.06%
Jisdor.16203.00❗️+29.00 +0.18%

Euro…1.0900 +0.0005 +0.05%

TLKM…19.32 -0.07 -0.34%
( 3130)
EIDO….20.08 -0.09 -0.42%
EEM…..44.29 +0.24 +0.54%

Oil…….80.80 -1.08 -1.32%
Gold…..2473.60‼️ +47.40 +1.95%
Timah..33171.00 -75.00 -0.23%
(Closed 16/07)
Nickel..16733.50 -28.00 -0.17%
(Closed 16/07)
Silver….31.63 -0.74 -2.33%
Copper.451.00 -1.15 0.25%

Iron Ore 62% 109.67 +0.09 +0.08%
(15/07)
Nturl Gas. 2.183 +0.021 +0.97%
Ammonia China 2783.33. unch +0%
(Domestic Price)(16/07)

Coal price.134.40 -0.55 -0.41%
(Jul/Newcastle)
Coal price.138.25 +0.50 +0.36%
(Agt/Newcastle)
Coal price.139.50 +0.45 +0.32%
(Sept/Newcastle)
Coal price 140.70 +1.15 +0.82%
(Oct/Newcastle)

Coal price.106.50 +0.35 +0.33%
(Jul/Rotterdam)
Coal price..110.95 +1.80 +1.65%
(Agt/Rotterdam)
Coal price. 111.00 +1.30 +1.19%
(Sept/Rotterdam)
Coal price 110.90 +1.20 +1.09%
(Oct/Rotterdam)

CPO(Oct)..3926 +52 +1.34%
(Source: bursamalaysia.com)

Corn……..408.75 +4.50 +1.11%
SoybeanOil 44.94 +0.03 +0.07%
Wheat…..530.75 -1.75 -0.33%

Wood pulp..5220 unch +0%
(Closed 16/07)

©️Phintraco Sekuritas
Broker Code: AT
Desy Erawati/ DE
Source: Bloomberg, Investing, IBPA, CNBC, Bursa Malaysia
Copyright: Phintraco Sekuritas

DJI loncat tinggi banget, europe masih merah, asia varied, IHSG jelas merah agak dalem karena jadwal koreksi, US bond yield merah semua, normally kita ikut ijo hari ini, tapi koreksi belum cukup dalem, belum bisa di predict jadinya. Kalopun ijo akan tipis harusnya

USD index up tipis, gold iron ore up juga, metal2 lain down. Masih nahan ini ANTM ga ikut turun sama index. Oil down, gas up, coal up, CPO up, ELSA udahan harusnya run nya, chart oil firm kebawah ini

IHSG – semua indicator bilang harus turun dulu, tapi market US cerah banget, nuat hari ini sih mungkin ijo, tapi trend mid term nya lanjut turun dulu minimal tutup gap terdekat, atau area fibo 38 lah

Oil Price – hati hati yang pegang ELSA, kalo udah cukup profitnya mending pasang trailing stop, oil price nya ga mendukung

Coal – tanda tandanya sih mau naik, dan INDY yang paling belum ngikutin. Walau dari screening value investing, ADRO paling ok. Begitu index aman, dan ADRO nya buy signal, harusnya berani entry

Wah masih RSI nya seolah olah jalan, padahal udah 2 hari merah dalem. Hati-hati bisa misleading

Stochastic Buy Signal: BRIS MBMA HRTA MARK SMIL, pada ga jelas, BRIS buy signal tapi big dist

MACD Buy Signal: PGAS + big accum

BRIS – stochastic nya aja yang telat karena smoothing nya 6. Yang lain suggest longsor dulu. Kalo koreksi udah sampe level fibo 50 baru kita liat lagi

MBMA – techninal menarik, PER highly overvalued, SKIP…

PGAS – udah beres tutup gap, kejedot area resistance, index lagi gini, ABC correction belum selesai, longsor dulu sih harusnya… WNS