Tuesday, December 2, 2014

Daily Summary 2 Dec 14

Europe and Dow were slightly down last night.  Dow -51 closing at 17777.  Dow's trend is starting to turn down.  Dow's future is now +73.  Europe opened up.

Asian bourses were mostly up.  Nikkei +73, ShanghaiC +83, Hangseng +287.  STI closed +20 at 3325.  Volume was 1.4b shares.  Gainers were 237 to 183 losers.

Trend of STI is turning down.

Top volumes were IHC unchanged, Xpress -0.2, GoldenAgri +1, Ezion +5.5, TopGlobal +0.1, Mirach +0.4, ThaiBev +1.5, Genting +1, CosmoSteel +2.5.

Market gapped up on opening after yesterday's selldown. Most of the sold down stocks recovered some of their losses from yesterday. STI closed at day low but still gained 17  pts.  Blue chips pared off yesterday's losses. Penny and speculatives also looked better with more in the green.

Europe and Dow are looking for a recovery tonight.

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