Europe and Dow were all up last night.
Dow closed +213 at 17585. Dow's downtrend has been interrupted.
Dow's future is now +125. Europe opened strongly up.
Asian bourses were mostly up except
for ShanghaiC -80. Nikkei +282, Hangseng +154. STI closed +46 at
3344. Volume was 1.7b shares. Gainers were 279 to 149 losers.
Trend of STI is turning back up.
Top volumes were Oceanus +0.2, LottVision
unchanged, Vallianz +0.2, IHC unchanged, ChinaNewTown +0.7, Blumont unchanged,
SingTel +8, Ezra +4, Jaya +0.3.
STI opened flat but rose immediately
and continued to rise to close at day high. The pessimism of not having
a Capricorn Effect is proving to be shortlived and many counters are chalking
gains. Blue chips were big gainers especially the banks. Oil related counters
also started to recover. Penny and speculatives were also firmer
helped by strong openings in Europe.
Europe and Dow's future are looking
very firm at the moment.
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