Tuesday, October 1, 2013

Daily Summary 1 Oct 13

Dow and Europe were down last night. Dow -129 at 15130.   Dow's trend is down. Dow's future is now +48,  Europe opened up.

Asian bourses recovered slightly.  Nikkei +29. Shanghai and Hongkong both closed for China's National Day. STI closed +13 at 3181. Volume was 3.8b shares.  Gainers were 255 to 223 losers.

Trend of STI is sliding down.

Top volumes were YHM +0.1, SingHaiyi +0.1, Hankore +0.7, Albedo +0.2, Ipco +0.1, EMSEner +0.3, Rowsley -23(ex bonus), SeeHS +5.5, MDevt unchanged, MetechInt +0.2.

Market opened up and remained up the whole day after yesterday's sell down.  It closed at day low given the shut down of US Govt. Blue chips were slightly firmer.  Penny and speculatives were mostly green.

Despite the failure of Obamacare to get approval from the Senate, it is becoming  a non event. The exaggerated fear is slipping away. Europe opens up and Dow's future is also up.

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