Thursday, September 4, 2014

Daily Summary 4 Sep 14

Europe and Dow were all positive last night.  Dow's short term trend is flat.  Dow's future is now -16.  Europe opened down.

Asian bourses were mixed.  Nikkei -52, ShanghaiC +18, Hangseng -20. STI closed -6 at 3342. Volume was 1.9b shares.  Gainers were 170 to 280 losers.

Short term trend of STI is turning up.

Top volumes were Shengsiong -3.5, Digiland unchanged, Elektromotive unchanged, APAC unchanged, Mirach -0.7, MetalComponent +0.1, IHC +0.5, GRP +0.5, Charisma -0.1, RexIntl +3.5.

Market opened down and remained down for the whole session. Volume was still below 2b shares.  Blue chips were mostly down. Penny and speculatives were also mostly weaker.

Europe and Dow are looking weak at the moment.

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