Thursday, April 17, 2014

Daily Summary 17 Apr 14

Dow and Europe were up last night. Dow +162 at 16425. Dow's short term trend is turning up. Dow's future is now -40. Europe opened flat.

Asian bourses were mixed. Nikkei flat, ShanghaiC -8, Hangseng +64. STI closed +0.6 at 3254. Volume was 2b shares. Gainers were 242 to 235 losers.

Trend of STI is up.

Top volumes were Albedo -0.5, CharismaEner +0.4, HanKore -0.2, Memstar +0.2, Amplefield -3.3, Equation +0.1, GlobalTech +0.3, AusGroup +2, KeppelReit +3.5, Ezion +9.

Market opened up but traded in a small range. It dipped slightly to negative but closed flat. Blue chips were firmer. Penny and speculatives were mixed. Market is generally steady for the long weekend.

Europe and Dow are looking slightly weak at the moment but steady.

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