Friday, September 6, 2013

Daily summary 6 Sep 13

Dow and Europe were slightly up last night. Dow's trend is turning up with MACDs just about to do a golden crossing. Dow's future is now -7. Europe opened marginally down.

Asian bourses were mixed. Nikkei -204, ShanghaiC +17, Hangseng +23. STI closed +9 at 3048. Volume was 3b shares. Gainers were 275 to 208 losers.

STI's trend is starting to turn up.

Top volumes were YHM -0.2, MirachEner -1, NewWave +0.1, Albedo -0.1, TopGlobal unchanged, Oakwell +0.7, AP Strat +20.4, Ipco -0.1, Yongnam +1.5, SingHaiyi unchanged.

Market was firmed for the whole day and managed to close near its high of +9. Blue chips were mostly higher. Penny and speculatives were mixed. Some penny stocks were still chalking up good gains. AP Strat +20.4, Kruez +4.5, Tritech +6.

It was a good closing for a Friday though still cautious over Syria.

Dow and Europe are also looking cautious.

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