Thursday, January 2, 2014

Daily Summary 2 Jan !4

Europe was mixed while Dow closed +72 at 16577 on Tuesday.  Dow's trend is up. Dow's future is now +50.  Europe opened mixed.  

Asian bourses were mixed.  Nikkei closed, ShanghaiC -7, Hangseng +34.  STI closed +6 at 3173.  Volume was 4.5b shares.  Gainers were 276 to 188 losers.

Trend of STI is up.

Top volumes were Hankore +0.9, GSH +0.6, LifeBrandz -0.1, Memstar +0.6, CharismaEner unchanged, Oceanus +0.3, OttoMarine +0.3, SIIC Env +0.7, Albedo unchanged, EMS Ener +0.6.

Market opened up but drifted down through the day to close near day but still +7.  Blue chips were mixed with more in the red. Penny and speculatives were active and most closed firmer. The play on penny stocks has started again.

Europe is starting to weaken at the moment but Dow's future is positive.

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