Thursday, July 17, 2014

Daily Summary 17 Jul 14

Dow and Europe were all up last night. Dow closed +78 at 17138. Dow's trend is up.  Dow's future is now +77.  Europe opened down.

Asian bourses were mostly down.  Nikkei -9, ShanghaiC -12, Hangseng -2.  STI closed -2 at 3302.  Volume was 2.5b shares.  Gainers were 218 to 220 losers.

Short term trend of STI is up.

Top volumes were Jaya +1.5, OLS -0.1, Memstar unchanged, Mirach +0.2, AdvanceSCT -0.1, SIIC +0.1, IHC +0.5, APAC -0.1, OttoMarine +0.4, Sincap -0.4.

Market opened positive but slipped down through the day to close -2. However, during matching there were some short covering to turn a negative closing into positive at +2. Volume improved slightly to cross the 2b mark.  

Blue chips were mixed. Penny and speculatives were likewise mixed.

Dow's future is positive at the moment but Europe are mostly down.

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