Dow and Europe were up last night. Dow
closed +76 at 17077. Short term trend of Dow is up and is looking
like pushing for a new high. Dow's future is now +9. Europe opened
slightly negative.
Asian bourses were mixed with more downs.
Nikkei -92, ShanghaiC -22, Hangseng -92. STI closed -6 at 3325.
Volume was 1.6b shares. Gainers were 175 to 248 losers.
Short term trend of STI is turning down.
Top volumes were Sincap + 1.8, IHC -1,
Artivision -0.3, Oceanus -0.1, SkyOne +0.8, JasperInv +0.3, JES +0.2, Blumont
-0.3, APAC unchanged, Genting -2.5.
Market opened down but recovered to
stay positive in late morning. It dropped back to negative after lunch
and stayed negative the whole afternoon. Volume was a miserable 1.6b
shares, more like a dead market. Blue chips were mixed. Penny
and speculatives were mostly weaker.
Europe are flat at the moment while
Dow's future is slightly up.
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