Wednesday, June 25, 2014

Daily Summary 25 Jun 14

Europe were mixed last night. Dow -119 closing at 16818.  Dow's short term trend is starting to turn down.  Dow's future is now +5.  Europe opened down.

Asian bourses were mostly down.  Nikkei -110, ShanghaiC -8, Hangseng -14.  STI closed +2 at 3264.  Volume was 2.2b shares.  Gainers were 170 to 267 losers.

Trend of STI is still down but stabilising.

Top volumes were Memstar -0.1, AdvanceSCT unchanged, ChinaGaoxian +0.3, Polaris +0.2, Teledata unchanged, Metech +0.1, JES +0.3, Scintronix unchanged, WCorp -0.2, Vallianz -0.1.

Market opened flat but managed to stay positive throughout the session. Blue chips were mixed. Penny and speculatives were weaker. It was another day of directionless trading.

Europe are looking a bit weak at the moment.  Dow's future is marginally up.

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