Tuesday, November 5, 2013

Daily Summary 5 Nov 13

Dow and Europe were slightly up last night. Dow closed +24 at 15639.  Dow's trend is flattening . Dow's future is -18 at the moment.  Europe opened marginally down.

Asian bourses were mixed.  Nikkei +24, ShanghaiC +8, Hangseng -151.  STI closed +2 at 3206. Volume was 2.3b shares.  Gainers were 233 to 224 losers.

Trend of STI is slipping down.

Top volumes were Viking +5.1, Sunmoon -0.1, Blumont +0.2, SkyOne +0.6, HM -0.2, CNA +0.7, JES +1.9, Digiland unchanged, Innopac -0.2, Noble +5.5.

Market opened up and remained up till late afternoon when traders cleared their positions and sold down. STI closed negative but a bit of short coverings during matching to end +2.  Blue chips were mostly up. Penny stocks were mixed. Today Viking was up by more than 50%, a reminder of what happened before the collapsed of penny stocks.

Europe and Dow are steady but not heading anywhere.

No comments:

Post a Comment