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Daily Reports February 2013
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redbean



Joined: 07 Mar 2006
Posts: 13857
Location: singapore

PostPosted: Tue Feb 26, 2013 5:22 pm    Post subject: Reply with quote

Europe was sharply up last night but Dow -216 due to the election impasse in Italy. Dow closed at 13784. Trend of Dow is down, breaking the uptrend. Dow's future is now +56. Europe opened sharply down again.

Asian bourses were mostly down. Nikkei -264, ShanghaiC -32, Hangseng -300. STI -35 at 3254. Volume was 7.3b shares.

Trend of STI is going down.

Top volumes were GLP -18, CarrierNet +0.6, Teledata +0.3, WEHldgs +4, Ntegrator +1, Magnus +0.4, Equation +0.3, LHGroup unchanged, Rowsley +2.5, Hankore +0.2.

Market was down on opening and fell further in the afternoon following Europe's weak closing. STI closed near day low. All Asian bourses fell sharply as well. Blue chips were mostly in the red. Penny stocks were still active with a few making good gains. WE Holdings +4, Rowsley +3. In general, penny were mostly weaker.

Europe is looking very weak at the moment. Dow's future is positive but may weaken on opening.
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redbean



Joined: 07 Mar 2006
Posts: 13857
Location: singapore

PostPosted: Wed Feb 27, 2013 5:21 pm    Post subject: Reply with quote

Dow was up but Europe down. Dow +116 at 13900. Dow's trend is down. Dow's future is -20 at the moment. Europe opened slightly up.

Asian bourses were mostly up except Nikkei -145. ShanghaiC +20, Hangseng +57. STI closed +7 at 3261. Volume was 12b shares.

Trend of STI is down.

Top volumes were Equation +0.5, CarrierNet +0.8, Contel +0.4, Magnus unchanged, Ipco unchanged, YHM +0.1, NexGenCom +0.1, Annica +0.3, Compact +0.1, KLW +0.6.

Market traded within a small range and mainly on super penny stocks. Volume has surged to 12b shares as a result. The top 40 counters traded were less than 20c in value except for Rowsley and GoldenAgri. This pattern of play looks like to go on for a while with its usual ups and downs.

Blue chips were mixed and rather neglected at the moment. Gainers were 269 to 273 losers.

Europe and Dow are playing catch up with each other with one up the other down and vice versa. The strange thing is why should they be so troubled by an election deadlock in Italy. Italy is not going to be blown away. It is purely big funds pushing it up and down to their advantage.

Dow's trend is slightly down while Europe opened up.
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redbean



Joined: 07 Mar 2006
Posts: 13857
Location: singapore

PostPosted: Thu Feb 28, 2013 5:13 pm    Post subject: Reply with quote

Dow and Europe had a strong recovery last night. Dow hit new high at 14075, +175. Dow's trend is turning up again and looking strong. Dow's future is now +21. Europe also opened firmly up.

Asian bourses mostly rallied while STI was a let down. Nikkei +305, ShanghaiC +52, Hangseng +443. STI closed +9 at 3270. Volume was 7.7b shares.

Trend of STI is still down.

Top volumes were Cedar +0.2, YHM +0.2, Equation +0.1, EastGate unchanged, Elektromotive unchanged, Topglobal, unchanged, ICP unchanged, CarrierNet +0.1, ChinaNTown +0.8, Annica +0.1.

Our market opened firm but drifted down to close near day low with a miserable gain of 5 pts. Early trading saw many penny stocks making good gains but profit taking came in swiftly and many closed off their highs or flat. Blue chips were mixed. Gainers were 268 to 259 losers.

Penny stocks will continue to be in play.

Dow is looking poised to push higher and this should give STI a boost tomorrow after a lacklustre performance today.
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