Tuesday, January 5, 2016

Daily Summary 5 Dec 16


Europe and Dow tumbled last night. Dow was down 400 points before closing at -276. Trend Dow is down. Dow's future is now -36. Europe opened mixed at this moment.

Asian bourses were still down slightly today. Nikkei -10, ShanghaiC -9, Hangseng - 138. STI closed -10 at 2826. Volume was 1.5b shares. Gainers were 224 to 189 losers.

Trend of STI is down.

Top volumes were Luzhou Biochem +1.4, Jiutian +0.2, LionGold -0.1, Noble unchanged, ChineseGlobal +0.4, Albedo +0.1, ChinaSky +1.2, ChinaEnv +0.6, TigerAir +4, Cosco -3, Stratech +0.1.

STI opened marginally up and stayed flat for half an hour. It then turned back up but drifted down and turned negative by lunch time. It closed near day low at -10. Blue chips were mixed. The general market was also weaker.

Europe and Dow's future are looking a bit weak at the moment.

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