Tuesday, July 8, 2014

Daily Summary 8 Jul 14

Europe and Dow were slightly down last night. Dow -44 at 17024.  Dow's trend is up.  Dow's future is now -20.  Europe opened down.

Asian bourses were mixed. Nikkei -85, ShanghaiC +4, Hangseng +0.5.  STI closed -8 at 3283.  Volume was 1.6b shares.  Gainers were 187 to 242 losers.  

Short term trend of STI is up.

Top volumes were CompactMetal +0.5, WE +0.1, WCorp +0.1, Vibrant +0.5, Oceanus +0.2, Transcu unchanged, PNE+0.2, Sunningdale +2.5, MirachEnergy +0.2, SeeHupSeng -3.

Market opened down and remained down the whole day but closed off its low of 3278. Blue chips were mostly in the red. Penny and speculatives were mixed.

Europe and Dow are looking a bit weaker at the moment.

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