Friday, July 4, 2014

Daily Summary 4 Jul 14

Dow and Europe were up last night. Dow +92 at 17026. Dow's trend is up with a golden crossing and hitting new high. Dow's future is now flat. Europe opened marginally down.

Asian bourses were mixed. Nikkei +89, ShanghaiC -4, Hangseng +15.  STI closed +1 at 3274. Volume was 2.5b shares. Gainers were 253 and losers 218.

STI's short term trend is turning up.

Top volumes were Polaris unchanged, Vallianz +0.7, Transcu unchanged, Adventus +0.4, Vibrant +0.9, KLW +0.1, NewWave +0.2, Charisma +0.1, APAC -0.2, Artivision +0.4.

Market opened up but slipped down through the session. It closed at day low but still managed to stay positive. Blue chips were mixed. Penny and speculatives were firmer. Some clearing of positions and profit taking took the market to close weaker.

Dow and Europe are flat at the moment.

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