Thursday, November 21, 2013

Daily Report 21 Nov 13

Dow and Europe were down last night. Dow closed -66 at 15901.  Dow's trend is still up but levelling. Dow's future is now -10.  Europe opened down.

Asian bourses were mixed.  Nikkei +290, ShanghaiC -1, Hangseng -121. STI closed -12 at 3172.  Volume was 1.6b shares.  Gainers were 159 to 288 losers.

Trend of STI is down.

Market was down the whole day with little trading activities. Volume was 1.6b shares which is as good as inactive. Blue chips were down as well as penny stocks. Retails were staying away from the market. The year end holiday season could also contribute to the lack of market participation.

Europe and Dow are likely to close negative tonight.

No comments:

Post a Comment