Dow and Europe fell sharply last night.
But Dow ended off its low at 16168, -154. Dow's uptrend is levelling.
Dow's future is now +150. Europe opened firmly up.
Asian bourses were steadier after a
weak opening. Nikkei +69, ShanghaiC -4, Hangseng +157. STI
closed +14 at 3101. Volume was 3.5b shares. Gainers were 307
to 170 losers.
Uptrend of STI is levelling.
Market opened +5 and stayed positive
for the whole day. It went to a high of 3114 before closing at 3087. It
was a pleasant surprise with the uncertainty still at Ukraine. A move by
the USA to enter the fray could bring the market down again. Russia is
not firmly in control of Ukraine.
Blue chips mostly recovered from yesterday's
losses. Penny and speculatives were also firmer. Olam ran up 8c with some
rumours of positive corporate action..
Europe opened firmly up and Dow's future
is looking good for tonight. But things can change rapidly depending on
what Obama is going to do.
No comments:
Post a Comment