Wednesday, January 13, 2016

Daily Summary 13 Dec 15

Europe and Dow closed up last night. Dow was +118 at 16516. The down trend of Dow is starting to turn up. Dow's future is now +133. Europe opened up.

Asian bourses were mostly up. Nikkei +499, ShanghaiC -73, Hangseng +223. STI closed flat at 2691. Volume was 1.3b shares. Gainers were 214 to 210 losers.

Trend of STI is down.

Top volumes were ChinaSports -0.2, Noble unchanged, LincEnergy +1.4, Ezra -0.1, Chiwayland +0.9, SingTel +5, YZJ -3.5, Jumbo +3, Spackman -0.2, RexIntl +0.1.

STI opened up but started to slip down after half an hour. It was negative by late morning and stayed fairly flat till mid afternoon. It then fell with a lot of selling pressure. In the last hour of trading short covering came back and most recovered to close off their lows.

Europe and Dow's future are up at the moment.


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