Tuesday, March 22, 2016

Daily Summary 22 Mar 16

Europe were slightly down last night but Dow was up another 22 pts to close at 17624. Trend of Dow is up. Dow's future is now -50.. European bourses opened down.

Asian bourses closed mixed. Nikkei +324, ShanghaiC -18, Hangseng -17. STI closed -6 at 2875. Volume was 2.2b shares. Gainers were 207 to 236 losers.

Uptrend of STI is weakening.

Top volumes were OKH +1.4, Annica +0.1, Noble +2. IEV +0.4, Ezra +0.1, Spackman -1, ChinaEnv +0.4, HPHTrust +1, Vallianz -0.1, GoldenAgri +1.

STI opened up and stayed up for most part of the day though it started to weaken by mid morning. It turned negative in the last hour of trading when Europe opened down. Blue chips were mixed and the general market was slightly weaker.

Europe and Dow's future are down at this moment and Dow is looking towards a first day of fall from the recent run up.


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