Wednesday, December 4, 2013

Daily summary 4 Dec 13

Europe and Dow were firmly down last night.  Dow -94 at 15915.  Dow's trend is down.  Dow's future is now +40.  Europe opened marginally up.

Asian bourses were mixed.  Nikkei -342, ShanghaiC +30, Hangseng -182.  STI -30 closing at 3158.  Volume was 2.2b shares. Gainers were 141 to 286 losers.  

Trend of STI turned back down.

Top volumes were Albedo +0.3, Vallianz +0.8, CharismaEner +0.3, KLW unchanged, GSH unchanged, HanKore -0.2, Blumont -1.7, Ipco -0.2, Transcu -0.1, MDR unchanged.

Market opened weaker with the weakness in Europe and Dow. It held quite steady but went tumbling in the afternoon to close near day low at -27.
Blue chips were mostly down. Penny and speculatives were weaker as well. Today saw another likely computer trading error when SkyOne was sold down from 12.9c to 1c. It quickly recovered to close -0.3c.

There were quite a bit of selling and volume increased to above 2b shares.

Europe and Dow are looking to recoup some of yesterday's losses.

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