Tuesday, September 23, 2014

Daily Summary 23 Sep 14

Dow and Europe were all down last night.  Dow -107 at 17173. Dow's uptrend is turning down after 5 days of gains. Dow's future is now -34.  Europe opened down.

Asian bourses were mostly down.  Nikkei -115, ShanghaiC +20, Hangseng -118.  STI closed +2 at 3298.  Volume was a low of 1.5b shares.  Gainers were 203 to 250 losers.

Short term trend of STI is still looking down.

Top volumes were APAC unchanged, GentingHK +1, IHC unchanged, SingaporeeDev unchanged, SinjiaLand -3, Vallianz +0.3, Genting +4, LionGold -0.3, LH +0.2, Digiland unchanged.

Market opened slightly negative but quickly recovered to stay positive for the rest of the session. It closed off its high with some weakness following Europe's weak opening.  This could be due to news of the US launching attacks against the IS inside Syria.  

Blue chips were slightly firmer. Penny and speculatives were slightly weaker.

Europe are down at the moment and Dow's future is also down. There could be fear of a retaliation by IS fighters in the US. With European countries staying out of the war and harm's way, the US is going to be a prime target for the IS.

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