Thursday, May 15, 2014

Daily Summary 15 May 14

Europe were flat last night while Dow -101 at 16614. Dow's uptrend is weakening.  Dow's future is now -6.  Europe opened down.

Asian bourses were mixed.  Nikkei -108, ShanghaiC -23, Hangseng +148.  STI closed +13 at 3272.  Volume was 1.8b shares.  Gainers were 225 to 220 losers.

Trend of STI is levelling from the downtrend.

Top volumes were WE +0.3, HanKore +0.2, Albedo +0.3, Teledata +0.1, WCorp +0.8, Vallianz +0.2, Blumont +0.8, HPHTrust +1.5, GoldenAgri -1, ThaiBev +1.5.

Market opened down but quickly recovered and stayed positive for the whole day. It closed at day high. Blue chips were mixed. Penny and speculatives were slightly firmer.

Europe and Dow are looking slightly weak at the moment.

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