Monday, October 13, 2014

Daily Summary 13 Oct 14

Europe and Dow were down again on Friday.  Dow's trend is down. Dow's future is now -3. Europe opened slightly up.

Asian bourses generally weaker. Nikkei -178, ShanghaiC -9, Hangseng +55. STI closed -22 at 3202.  Volume was 1.5b shares.  Gainers were 99 to 411 losers.

Trend of STI is down.

Top volumes were TopGlobal unchanged, IHC unchanged, APAC +0.1, Blumont -0.1, Mirach unchanged, Noble +1, Genting -0.5, GoldenAgri -0.5, CompactMetal -0.2, Vallianz -0.4.

Market opened slightly down but fell further through the day. It closed off its day low but still -22.  Blue chips were mostly red, so were the rest of the market. It is like the usual October weakness.

Europe is looking up at the moment. Dow's future is marginally down. Would there be a technical rebound tonight?

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