Friday, March 14, 2014

Daily Summary 14 Mar 14

Europe and Dow were down last night.  Dow -231 at 16109. Dow's trend is down.  Dow's future is now +5.  Europe opened down.

Asian bourses were mostly down.  Nikkei -488, ShanghaiC -15, Hangseng -217.  STI closed -8 at 3073.  Volume was 2.2b shares.  Gainers were 189 to 264 losers.

STI 's trend is down.

Top volumes were Albedo +0.4, Equation +0.4, HanKore +0.1, WE Hldg +0.1, MirachEner +0.3, Olam +22.5. CharismaEner -0.2, KLW +0.1, Memstar +0.2.

Market opened down but closed off its day low losing only 8 pts. The low was 3060.  Blue chips were mostly lower. Penny and speculatives were firmer. Olam resumed trading with a conditional takeover by Temasek at  $2.23. Generally market was steady.

Europe has opened down but Dow's future is turning green.

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