Thursday, January 9, 2014

Daily Summary 9 Jan 14

Dow and Europe slightly weaker last night.  Dow -68 at 16423.  Dow's trend is turning down.  Dow's future is now -31.  Europe opened down.

Asian bourses were mostly down.  Nikkei -241, ShanghaiC - 17, Hangseng - 209.  STI closed -5 at 3145.  Volume was 3.1b shares.  Gainers were 173 to 278 losers.

Trend of STI is flat and breaking from the recent falls.

Top volumes were Armarda unchanged, CharismaEner -0.3, Hankore +0.3, Vallianz -0.1, Transcu +0.1, Albedo unchanged, Sunmoon +0.1, OttoMarine -0.5, WCorp +0.1, GoldenAgr -1.5.

Market opened down but recovered to positive and stayed flat for the most part of the day. It lost some grounds in late afternoon to close down slightly.  Blue chips were weaker. Penny and speculatives were mixed.

Europe and Dow are looking weaker tonight.

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