Friday, December 13, 2013

Daily Summary 13 Dec 13

Dow and Europe down again last night.  Dow closed -104 at 15739.  Dow's trend is down.  Dow's future is now +40.  Europe opened up.

Asian bourses were mixed.  Nikkei +61, ShanghaiC -7, Hangseng +28.  STI closed +7 at 3066.  Volume was 1.9b shares.  Gainers were 22 to 192 losers.

Trend of STI is still down but with a first break.

Top volumes were KLW unchanged, Vallianz +0.4, OttoMarine -0.2, HanKore +0.3, THBev +2.5, Viking +0.4, Infinio unchanged, Noble +1.5, GoldenAgr -1.5, Blumont +0.2.

Market opened down but recovered to close near day high at 3066. After 7 days of falls, this is more like a technical rebound. Blue chips were mostly up.  Penny and speculatives were also firmer.

Dow and Europe are also looking for a technical rebound tonight.

No comments:

Post a Comment