Tuesday, August 26, 2014

Daily Summary 26 Aug 14

Dow and Europe were up last night.  Dow closed +76 at 17077.  Short term trend of Dow is up and is looking like pushing for a new high. Dow's future is now +9.  Europe opened slightly negative.

Asian bourses were mixed with more downs.   Nikkei -92, ShanghaiC -22, Hangseng -92. STI closed -6 at 3325.  Volume was 1.6b shares.  Gainers were 175 to 248 losers.

Short term trend of STI is turning down.

Top volumes were Sincap + 1.8, IHC -1, Artivision -0.3, Oceanus -0.1, SkyOne +0.8, JasperInv +0.3, JES +0.2, Blumont -0.3, APAC unchanged, Genting -2.5.

Market opened down but recovered to stay positive in late morning. It dropped back to negative after lunch and stayed negative the whole afternoon.  Volume was a miserable 1.6b shares, more like a dead market.  Blue chips were mixed.  Penny and speculatives were mostly weaker.

Europe are flat at the moment while Dow's future is slightly up.

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