Wednesday, July 23, 2014

Daily Summary 23 Jul 14

Dow and Europe were up last night. Dow closed +61 at 17114.  Dow's trend is up. Dow's future is now +25.  Euorpe opened up.

Asian bourses were mostly up.  Nikkei _15, ShanghaiC +3, Hangseng +190.  STI +24 at 3341. Volume was 1.8b shares. Gainers were 253 to 212 losers.

STI's trend is up.

Top volumes were Jaya unchanged, Blumont +0.3, Spackman +1, APAC +0.3, SIIC -0.2, Xpress -0.2, KimHeng -2, Vallianz -0.2, GoldenAgri -0.5, AsiasonsCap +0.3.

Market opened and gained more grounds through the day to close near day high at 3339.  Volume was still below 2b shares.  Blue chips were mostly firmer with banks making good gains. Penny and speculatives were generally firmer.

Europe and Dow are looking steady for tonight.

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