Monday, October 17, 2016

Daily Summary 17 Oct 16

Dow and Europe were up on Friday. Dow closed +39 at 19138. Trend of Dow is still directionless at this point. Dow's future is now -58. European bourses opened down.

Asian bourses closed mixed. Nikkei +44, ShanghaiC -23, Hangseng -196. STI closed -5 at 2810. Volume was 2.9b shares. Gainers were 160 to 245 losers.

Trend of STI is down.

Top volumes were LionGold unchanged, Cedar unchanged, SweeHong +0.2, Noble -0.4, Sunmoon +0.6, IPCO unchanged, Spackman unchanged, HuAnCable +0.2, HLH unchanged, GoldenAgri +0.5.

STI opened down and stayed down for the whole session. It tried to move up after lunch but failed to turn positive closing off its day low. Blue chips were slightly weaker. The general market was weaker.

Europe and Dow's future at this moment are still down.


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