Wednesday, November 6, 2013

Daily Summary 6 Nov 13

Dow and Europe were all down slightly.  Dow -21 at 15618. Dow's trend is flattening and looking toppish.  Dow's future is now +60.  Europe opened up.

Asian bourses were mixed. Nikkei +112, ShanghaiC -18, Hangseng -2.  STI -0.3 at 3205.  Volume was 2.9b shares.  Gainers were 267 to 202 losers.  

Trend of STI has started to look down.

Top volumes were Viking +0.7, ICP +0.1, Valianz +0.5, Sunmoon unchanged, Aussino +2.7, YHM +0.3, OttoMarine +0.4, Ipco +0.1, EMSEner +0.6, WEHldg +0.3.

Market opened marginally up but slipped to close flat.  Blue chips were mixed but activities for penny and speculatives were better. There were a bit of interest coming back to speculative on the penny stocks.

Europe and Dow are looking steady at the moment.

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