Friday, December 20, 2013

Daily Summary 20 Dec 13

Europe and Dow were up last night. Dow +11 at 16179.  Dow's trend is turning up with a golden crossing.  Dow's future is now +20.  Europe opened up.

Asian bourses were mixed.  Nikkei +11, ShanghaiC -43, Hangseng -76.  STI closed +24 at 3094.  Volume was 3.6b shares.  Gainers were 293 to 165 losers.  

Trend of STI is turning up.

Top volumes were CharismaEner +0.5, HanKore +0.6, SIIC +2.3, OttoMarine +0.3, MirachEner +0.4, Vallianz -0.8, Albedo -0.1, MDevt -0.1, JaperInv +0.3, Viking +0.3.

Market opened flat but continued to climb through the day to close at day high. Blue chips were mostly up. Penny and speculatives were also firmer. This is like a pre new year Capricorn Effect. Next week is a shorter week and could see some profit taking.

Dow and Europe are looking firm for tonight.

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