Tuesday, December 3, 2013

Daly summary 3 Dec 13

Dow and Europe were down last night. Dow -78 closing at 16009.  Dow's trend is down. Dow's future is now -12.  Europe opened down.

Asian bourses were mixed. Nikkei +95, ShanghaiC +15, Hangseng -128.  STI closed -1 at 3188.  Volume was 1.6b shares. Gainers were 172 to 234 losers.

STI's trend is starting to turn up. Another day of gains will see a golden crossing.

Top volumes were Albedo +0.2, Transcu unchanged, MDR unchanged, Vallianz -0.2, HanKore +0.2, Blumont -1, Noble -1, SingHaiyi unchanged, CharismaEner unchanged, GoldenAgr -1.

Market opened down but recovered to close flat.  Blue chips were mixed but penny and speculatives were generally weaker. The bright sparks were Ezra +12 and Yoma +2.5.

Europe and Dow are looking weaker for tonight. There is a trend divergence between Dow and STI with the former going down and the latter the other way.

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