Dow Jones edged down by 0.34% or 112 points, dominated by the Health sector, which reported weak sales performance, as well as a lackluster performance from the Energy sector despite rising world oil prices supported by optimism that demand from China will increase as the border opens, plus a weaker USD currency further pushing oil prices up. DJI with S&P500 that was deflated by 0.1%; while the Nasdaq rallied 0.63% due to a fall in US 10 -year Treasury yield that continued to fall from Friday as US labor growth figures began to soften, providing supportive sentiment for the Technology sector as there were hopes that the Fed may begin to ease its hawkish tone.

Bank Indonesia recorded that the Consumer Confidence Index (CCI) in December 2022 reached 119.9; higher than 119.1 in the previous month. The CCI increase was driven by an increase in the income index. JCI continued to gain, although only a slight of 3.7 points in pretty volatile trading, making a Doji-like candle at the close of yesterday’s trade. With a High – Low range: of 6727-6638, those areas will be the closest Resistance and Support levels today. NHKSI RESEARCH senses JCI still has a chance to end this Bottoming phase by trying to reach the January Effect TARGET around 6800, which is the intersection of MA10 & MA20. Buy Advise, or gradual Average up, are still the wisest decision in the middle of the current market situation.

Download full report HERE.