Thursday, December 12, 2013

Daily Summary 12 Dec 13

Dow and Europe down again last night. Dow -130 closing at 15844.  Trend of Dow is down. Dow's future is now - 8.  Europe opened down.

Asian bourses were mostly down.  Nikkei -173, ShanghaiC -1, Hangseng -120.  STI closed +2 at 3062.  Volume was 2.2b shares.  Gainers were 170 to 207 losers.

Trend of STI is down.

Top volumes were Charismaener unchanged, OttoMarine +0.3, Vallianz +1.1, KLW +0.3, Blumont +0.3, Asiasons +2, GoldenAgr +2.5, HPHTrust  +2.5, SingHaiyi -0.1, Infinio unchanged.

Market opened down following Dow's fall last night. It recovered quickly to reduce the loss and closed near day high down only 2 pts. Blue chips were mostly weaker from closed from the lows on opening. Penny stocks were much firmer. It looks like the market is tapering off after six days of falls.

Europe and Dow are looking a bit weak at the moment. Could see another day of weakness and hopefull some technical rebound could be around the corner. The Dodd Frank Act may still cause some jitters tonight.

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