Monday, April 9, 2018

Daily Summary 9 Apr 18

European bourses and Dow fell on Friday. Dow closed -572 at 23933 due to
fear of a trade war blowing up.  The nascent recovery of Dow's trend took a
dip again.  Dow's future is +182 at this moment with fear of trade war
somewhat subsiding.  European bourses opened firmly up.

Asian bourses closed mostly firmly up.  Nikkei +111, ShanghaiC +8, Hangseng
+385.  STI closed +9 at 3452.  Volume was 1.9b shares.  Gainers were 226 to
146 losers.

Trend of STI is turning up with a golden crossing.

Top volumes were AlliedTech -0.1, InnoPac +0.1, KrisEnergy +0.9,
KingboardCopper +7, HPHTrust unchanged, Jiutian +0.1, Cosco +1.5, Magnus
-0.1, Blumont unchanged, Spackman +0.3.

STI opened flat and slipped to negative quickly. It hit a day low by mid
morning before recovering to close positive for lunch break. After lunch it
stayed positive but slightly weaker from the closing high for lunch. The
closing price of +9 was slightly lower than the day high of +14.

Blue chips were mostly higher with banks making good gains.  The general
market was slightly firmer.

European bourses and Dow's future at this moment are firmly up.

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