Wednesday, October 23, 2013

Daily Summary 23 Oct 13

Dow and Europe were up last night. Dow +75 at 15468.  Dow's trend is up. Dow's future is now -67.  Europe opened down.

Asian bourses were mostly down after a positive opening. Nikkei -287, ShanghaiC -28, Hangseng -316. STI closed -5 at 3205.  Volume was 2.7b shares.  Gainers were 254 to 242 losers.

Trend of STI is up.

Top volumes were Digiland +0.1, SingHaiyi -0.1, Innopac -0.3, YHM -0.1, Cedar unchanged, GoldenAgr +1, LionGold -3, AsiaPhos +4.5, Albedo -0.1, Noble unchanged.

Market opened up but closed near day low at -5. Blue chips were mostly up but ended slightly weaker. Penny stocks were mixed. Market started to fall into negative territory in late afternoon when Dow's future was down and Europe also opened negative. The early morning strength disappeared quickly.

Dow and Europe are looking weak at the moment.

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