Jakarta - Jakarta Composite Index on Friday (01/06/2011) closed up 38.5 points, up 0.99% at 3927.10 levels. JCI is at its highest level in the history of capital markets. Positive news came from the improved crisis in Greece that made the United States exchanges and regional exchanges positive move, which affects the impulse well against JCI actually technically already in overbought territory. The sectors that became the driving strength in transactions last week friday was different industry sectors and manufacturing sectors each of which strengthened 3.06% and 1.84%. 

Dow Jones Industrial Average (07/01/2011) still continued to strengthen, with positive rose 168.43 points or 1.36% at 12582.77 levels. Rebound its U.S. manufacturing, especially the Chicago area who rose suddenly pushed the DJIA continues. Moreover Greece's debt problems are settled down a little positive sentiment also be strengthening the DJIA. 

JCI position which is in an area prone to profit-taking (based on several technical indicators) are still visible at the close last Friday. Trading volume fell compared to the volume that occurred the previous day. While foreign transactions recorded a net buy position of about USD 750 billion on Friday last, making the total net foreign buying (YTD) rose to around Rp 9 trillion, this shows that foreign funds continued to pour into IDX. However, we urge investors to be cautious in trading, especially when JCI has touched 4,000. This morning the Asian regional index rose on average, Nikkei225 rose 1.09%, Kospi rose 1.06% and 0.65% positive STI based on a regional movement Asia this morning, we estimate that JCI will continue strengthening. As for support positions 1 and 2 at the level of 3913 and 3892, while resistance 1 and 2 at the level of 3933 and 3960.