Friday, May 2, 2014

Daily Summary 2 May 14

Europe and Dow were mixed yesterday. Dow closed -22 at 16559. Dow's short term trend is slightly up. Dow's future is now +10. Europe opened mixed.

Asian bourses mixed. Nikkei -28, ShanghaiC +6, Hangseng +127. STI closed -17 at 3248. Volume was 1.5b shares. Gainers were 224 to 246 losers.

Trend of STI is sideways.

Top volumes were Hankire -0.2, AmplefieldR unchanged, CharismaEner -0.1, TopGlkobal unchanged, GoldenAgr +0.5, Digiland unchanged, Memstar -0.1, Noble unchanged, CapitalMallAsia unchanged, Penguin +0.4.

Market opened marginally but slipped down through the day. It closed near day low losing 17 pts. Blue chips were mostly firmer. Penny and speculatives were mixed. Market volume was anaemic. Perhaps a way to attract more traders is to offer some guaranteed winners for every ten trades done: )

Europe and Dow are looking mixed at the moment.

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