Europe were mixed last night. Dow -119
closing at 16818. Dow's short term trend is starting to turn down.
Dow's future is now +5. Europe opened down.
Asian bourses were mostly down. Nikkei
-110, ShanghaiC -8, Hangseng -14. STI closed +2 at 3264. Volume
was 2.2b shares. Gainers were 170 to 267 losers.
Trend of STI is still down but stabilising.
Top volumes were Memstar -0.1, AdvanceSCT
unchanged, ChinaGaoxian +0.3, Polaris +0.2, Teledata unchanged, Metech
+0.1, JES +0.3, Scintronix unchanged, WCorp -0.2, Vallianz -0.1.
Market opened flat but managed to stay
positive throughout the session. Blue chips were mixed. Penny and speculatives
were weaker. It was another day of directionless trading.
Europe are looking a bit weak at the
moment. Dow's future is marginally up.
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