Thursday, July 3, 2014

Daily Summary 3 Jul 14

Europe closed mixed last night. Dow +20 at 16976.  Dow's trend is up. Dow's future is now +8. Europe opened up.

Asian bourses were mixed and relatively flat. Nikkei -22, ShanghaiC +4, Hangseng -18.  STI +9 at 3275.  Volume was 2.3b shares.  Gainers were 268 to 188 losers.  

Short trend of STI is turning up.

Top volumes were APAC +0.4, Mirach +0.5, Artivision +0.2, KLW -0.1, ChinaGaoxian +0.6, PNEMicron +0.1, Blumont -0.3, NamCheong +2.5, WCorp +0.2, RHPetroGas -5.5.

STI opened slightly up. It gained strength in mid session but closed off its day high of +18.  Blue chips saw more gainers than losers. Penny and speculatives were generally firmer.  Volume has gone up slightly with improved sentiment after Dow continued to hit new high.

Dow and Europe are looking positive at the moment.

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