Wednesday, January 29, 2014

Daily Summary 29 Jan 14

Dow and Europe recovered some grounds last night. Dow +91 at 15929.  Dow's
trend is down. Dow's future is now +62.  Europe opened strongly up.

Asian bourses were mixed.  Nikkei404, ShanghaiC +11, Hangseng +181.  STI
closed -11 at 3051.  Volume was 2.1b shares.  Gainers were 173 to 274
losers.

Trend of STI is down but looking like holding at this level.

Top volumes were Albedo -0.1, CharismaEner -0.3, KLW -0.2, Hankore -0.1,
Vallianz -1.3, Oceanus -0.1, CCM -0.1, Federal -0.6, ChinaBearing -0.2,
Transcu unchanged.

Market opened flat but fell in midday. There were some buying in the last
hour with a strong opening in Europe to close off its low.  Blue chips were
mix but penny and speculatives were mostly down.

Dow and Europe are looking to continue to recover tonight.

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