Investors turn to step Wait for the European Central Bank

Composite Stock Price Index (CSPI) Wednesday (08/01/2012) closed lower, driven by committed investors took profits following a strengthening of the index that have occurred in recent days. The weakening of the index is also affected by negative sentiment from regional exchanges, which are still waiting for the U.S. central bank statement related to any policy to be taken. The Fed did not issue any signs of a new stimulus. But according to research Panin Securities, there is also the possibility the Fed will wait until September, to provide stimulus to the meeting this time. As many as 88 percent of the 58 economists surveyed by Bloomberg predicted there would be no announcement at the meeting of August 1-2 stimulus. As many as 48 percent expect the new stimulus will be announced at the meeting of September 12 to 13. Besides the Fed, European Central Bank (ECB) also will announce its interest rate policy on this day. Previously ECB has also stated its commitment, to keep the euro currency.personal injury attorney las vegas Market movements are also colored by the announcement yesterday by the BPS inflation, weakening commodity prices and started easing euphoria of performance reporting issuer's first semester of 2012, which some already reflected in stock price tesebut. From the technical side, it CSPI has entered overbought territory as shown on the indicator RSI, Stochastic Oscillator, and the Bollinger Bands which have penetrated the upper band. CSPI today is expected to vary with a tendency to move down the range of support-resistance 4100-4149. BJBR stock options, among others, TBIG, KIJA, and SSIA.