Thursday, March 24, 2016

Daily Summary 24 Mar 16

Europe closed mixed last night while Dow was -80 closing at 17503. Uptrend of Dow is weakening and turning down. Dow's future is now -55. European bourses opened down.

Asian bourses were mostly down. Nikkei -109, ShanghaiC -49, Hangseng -270. STI closed -36 at 2846. Volume was 2.2b shares. Gainers were 166 to 312 losers.

Trend of STI is turning down.

Top volumes were OKH +2.6, Ezra -0.5, Magnus -0.1, RexIntl -0.1, Noble -4.5, Parkson +2, Sysma +2.7, SinoCloud +0.1, Loyz -0.2, Spackman -0.6.

STI opened down, slipped down through the day to close near day low for the long weekend. Blue chips were slightly weaker with banks starting to correct after the recent run. The general market was weaker. This could be the start of a correction.

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


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