Wednesday, February 12, 2014

Daily Summary 12 Feb 14

Dow and Europe were up last night. Dow +193 at 15995.  Dow's trend just did a golden crossing, going up.  Dow's future is now +30.  Europe opened up.

Asian bourses were mostly up.  Nikkei +82, ShanghaiC +6, Hangseng +323.  STI closed +6 at 3035.  Volume was 2.7b shares.  Gainers and losers were the same at 231.

Trend of STI is up with MACD just cutting up.

Top volumes were Transcu unchanged, CharismaEner -0.6, HanKore +0.1, Albedo -0.1, KLW -0.1, Memstar +0.3, Gallant +7, CNA -1, JES unchanged, AdvSct unchanged.  

Market gap up on opening and stayed positive for the whole session. It closed lower during matching.  Blue chips were more positive while penny and speculatives were mixed. Oceansky fell sharply likely because of its asset injection not approved. It lost 8.5c. Gallant gained 7 after announcing joint venture to develop Bintan into an air maintenance hub.

Both Dow and STI are looking on the right track to trend up.

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