Monday, November 18, 2013

Daily summary 18 Nov 13

Dow and Europe were slightly up on Friday. Dow was +85 at 15962.  Dow's trend is up. Dow's future is now -3.  Europe opened slightly down.

Asian bourses were mostly up with Hangseng rallying by 628 pts. Nikkei -2 and ShanghaiC +62.  STI +2 at 3203.  Volume was 2.7b shares.  Gainers were 213 to 249 losers.

Trend of STI is turning up.

Top volumes were KLW +0.9, Vallianz -0.2, Youyue -1.3, GoldenAgr +0.5, YHM -0.2, Digiland unchanged, GSH +0.2, Noble +3.5, THBev -2, AdvSct unchanged.

Market opened up but drifted to close at day low at +2. And this was despite Hangseng rallying up 628 pts and Shanghai also +61. Blue chips were firmer but penny stocks were weaker.  Volume slightly improved but still very few retail participation.

Europe and Dow are looking flat at the moment.

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