Wednesday, October 16, 2013

Daily summary 16 Oct 13

Dow closed at 15168, -133 last night. Europe were slightly up.  Dow's trend is still up.  Dow's future is now +61.  Europe opened slightly down.

Asian bourses were mixed.  Nikkei +26, ShanghaiC -40, Hangseng -108.  STI closed +9 at 3174.  Volume was 2.7b shares.  Gainers were 214 to 293 losers.

Trend of STI is flat.

Top volumes were SingHaiyi unchanged, Innopac -0.6, Albedo -0.1, YHM unchanged, Chasen -18.6, HanKore -0.1, Ipco unchanged, AsiaPhos -2, Oakwell -1.2, Yangzijiang +4.

Market opened up but slipped down somewhat to close +9. Blue chips were firmer but penny stocks were weaker.

Chasen Holding is another stock that suffered a sell out losing more than 50% of its value.

Dow's future is positive in anticipation of a deal on the debt ceiling. Europe is slightly down at the moment.

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