Tuesday, June 17, 2014

Daily Summary 17 Jun 14

Europe were down last night while Dow +5 at 16781.  Dow's short term trend is down but levelling.  Dow's future is now +5.  Europe opened up.

Asian bourses were mixed.  Nikkei +43, ShanghaiC -19, Hangseng -97.  STI closed -17 at 3273.  Volume was 1.6b shares.  Gainers were 162 to 281 losers.

Short term trend of STI is down.

Market opened marginally up but fell quickly to negative. It continue to fall and stayed negative to close near day low, -16 pts. Volume was lower than yesterday. Blue chips continued to flal and were mostly in the red. Penny and speculatives were mixed with selective interest in the top volume stocks.

Europe and Dow are looking steady tonight.

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