Friday, November 22, 2013

Daily Summary 22 Nov 13

Dow was +109 last night, closing at 16010. Europe were marginally down.  Dow's trend is resuming its climb up. Dow's future is now +20.  Europe opened up.

Asian bourses  were mostly up.  Nikkei +16, ShanghaiC -9, Hangseng +116.  STI closed -3 at 3169.  Volume was 1.4b shares.  Gainers were 197 to 194 losers.

Trend of STI is down.

Top volumes were MDR unchanged, Aussino -3.6, SingHaiyi unchanged, HPHTrust unchanged, KLW +0.1, Innopac unchanged, LippoMalls -2, CharismaEnergy unchanged, Albedo -0.1, GoldenAgr +0.5.

STI opened flat but drifted down to close negative but off its low.  Blue chips were mixed and so were penny stocks. It was another day of lacklustre trading with decreasing volumes. This lull is extending and there is no signs of when would the retail traders returning.

Europe and Dow are looking positive for tonight.

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