Dow and Europe were down last night.
Dow -167 closing at 16447. Dow's trend is breaking down with MACDs cutting
downwards. Dow's future is now -11. Europe opened slightly
down.
Asian bourses were mixed. Nikkei
-202, ShanghaiC +2, Hangseng -18. STI closed -13 at 3260. Volume
was 1.7b shares. Gainers were 194 to 228 losers.
Trend of STI is doing the reverse, turning
up.
Top volumes were Hankore -0.2, WE unchanged,
KLW -0.3, Noble +4, STATSChipPac +7, Olam unchanged, TopGlobal unchanged,
Blumont unchanged, WCoirp unchanged, HPHTrust +0.5.
Market opened slightly down but could
not hold and slid down further to close near day low. Blue chips were mixed
and so were penny and speculatives. Given the weaknesses in Europe and
Dow and the weekend, it was holding very well. But volume was just as anaemic.
After the last few days of firmness
Dow is looking more like sell in May and go away. The Dow chart is looking
weak.
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