Wednesday, March 26, 2014

Daily Summary 26 mar 14

Europe and Dow were up last night.  Dow +91 at 16368.  Trend of Dow is sideways by firm.  Dow's future is now +16.  Europe opened up.

Asian bourses were mostly up. Nikkei +54, ShanghaiC -4, Hangseng +155.  STI closed +42 at 3146.  Volume was 2.5b shares.  Gainers were 269 to 172 losers.  

Trend of STI is up.

Top volumes were Albedo +0.1, AddvalTech +9.4, HanKore -0.1, Globa +1, WEHldg +0.1, Noble +5.5, SkyOne +3.2, Equation unchanged, Oceanus +0.3, MirachEner +0.1.

Market opened up and continue to gain strength to close near day high. Blue chips were mostly.  Penny and speculative were active with a few counters making big gains.  AddvalTech more than double on news of selling a subsidiary for $330m in cash. Unbelieveable value add and unbelieveable sales price.

Europe and Dow are looking good tonight.

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