Monday, March 3, 2014

Daily Summary 3 Mar 14

Dow closed +49 on Fri at 16322. Europe were flat.  Dow's trend is up.  Dow's future is now -112. Europe opened down.

Asian bourses were mostly weaker.  Nikkei -189, ShanghaiC +19, Hangseng -336.  STI closed -23 at 3087. volume was 2.6b shares.  Gainers were 117 to 430 losers.

Trend of STI is breaking down.

Top volumes were Albedo -0.4, GoldenAgr +3, Federal -1.2, HanKore -0.2, CCM -0.2, AdvSCT unchanged, THBev +1, KLW -0.2, Memstar -0.5, SingHaiyi -0.2.

Market opened sharply down but recovered some losses to close -23.  Blue chips and the general market were mostly down spooked by the crisis at Ukraine. Tension is rising in the country with threats of war. Market will be jittery in Europe and Dow tonight.

Europe has opened sharply down while Dow's future is now -100.

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