Tuesday, September 24, 2013

Daily Summary 24 Sep 13

Dow and Europe were slightly down last night. Dow -50 closing at 15401. Dow's uptrend is starting to break. Dow's future is now flat. Europe opened up.

Asian bourses were mostly down. Nikkei -10, ShanghaiC -14, Hangseng -193. Volume was 5.2b shares. Gainers were 258 to 262 losers.

Uptrend of STI has been broken.

Top volumes were YHM +1.5, TopGlobal +0.1, Hankore -0.2, Albedo +0.3, MetechInt +0.3, SingHaiyi +0.1, Oakwell +0.6, Rowsley -2.5, Digiland +0.1, AdvSct -0.1.

Market was positive for a couple of hours on opening but slided down through the day. It traded on a small range and closed near day low at -3.
Blue chips were mixed. Penny and speculatives were weak in the morning but buying activities came in late afternoon and many turned green. Big gainers of penny stocks were OceanSky +11, Tritech +4.5.

Europe and Dow are looking steady at the moment.

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