Tuesday, December 9, 2014

Daily Summary 9 Dec 14

Dow and Europe were down last night.  Dow -106 at 17852.  Dow's uptrend is turning down.  Dow's future is now -60.  Europe opened sharply down.

Asian bourses were sharply down. Nikkei -122, ShanghaiC -180, Hangseng -562.  STI +14 closing at 3312.  Volume was 1.8b shares.  Gainers were 169 to 268 losers.

Trend of STI is down.

Top volumes were Digiland unchanged, SIIC -0.1, IC unchanged, AdvancSCT unchanged, Ezion -7, Mirach -0.6, LippoMallTr -2, Genting +0.5, Yuuzoo+6, Oceanus unchanged.

STI opened up and went higher peaking just after lunch at a high of 3335. It fell afterwards when regional bourses fell sharply. It closed at day low but still gaining 14 pts.  Blue chips held on to their gains with more gainers than losers. Penny and speculatives were weaker.

Dow and European bourses are looking pretty weak at the moment.

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