Monday, December 23, 2013

Daily Summary 23 Dec 13

Europe and Dow closed positive on Friday.  Dow +42 at 16221.  Dow's trend is up. Dow's future is now +48.  Europe opened up.  

Asian bourses were mostly up.  Nikkei + 11, ShanghaiC +5, Hangseng +109.  STI closed+22 at 3116.  Volume was 2.7b shares.  Gainers were 224 to 218 losers.

Trend of STI is turning up with a golden crossing.

Top volumes were CharismaEner +0.1, CCM -10.6, Albedo -0.4, Viking +0.5, HanKore -0.4, OEL unchanged, SIIC -1, MirachEner -2.6, ChinaGaoxian +0.2, Vallianz -0.4.

Market opened slightly up but gained strength through the day. It closed at day high, +22. Blue chips were mostly up. Penny and speculatives were mixed. CCM Group was hit by sharp selling, falling form 16.3 to 5.6, a lost of 2/3 its value. This affected sentiment on penny stocks.

Dow and Europe are looking firm for tonight.

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