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.
No comments:
Post a Comment