Tuesday, August 5, 2014

Daily Summary 5 Aug 14

Europe were mixed last night while Dow was +76.  Dow's trend is still down despite the slight pull back. Dow's future is now +8.  Euorpe opened up.

Asian bourses were mixed.  Nikkei -154, ShanghaiC -3, Hangseng +48. STI closed +9 at 3327.  Volume was 1.8b shares.  Gainers were 260 to 208 losers.

STI's trend is down.

Top gainers were Polaris +0.4, Charisma -0.3, Xpress +0.1, Artivision +0.6, Memstar +0.1, Jaya +0.3, IHC -0.5, Amplefield unchanged, ThaiBev +1.5, SIIC +0.5.

Market opened up and stayed up most of the day.  It reacted to the technical rebound of Dow last night. The were slightly more gainers among the blue chips.  Penny and speculatives were also firmer.

Dow and Europe look like continue to recover tonight.

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