Tuesday, January 14, 2014

Daly Summary 14 Jan 14

Europe were up but Dow -179 at 16258.  Dow's trend is down.  Dow's future is now -5.  Europe opened down.  

Asian bourses were weaker. Nikkei -490, ShanghaiC +17, Hangseng -97.  STI closed -13 at 3122. Volume was 3.3b. Gainers were 171 and losers 253.

Trend of STI is coming down.

Top volumes were JES +3.7, KLW +0.2, NexGen +0.1, Albedo unchanged, CharismaEner unchanged, Federal +0.2, Vallianz +1.1, Memstar unchanged, WEHldg -0.3, CCM unchanged.

Market was down on opening with Dow falling 179 pts last night. Blue chips were mostly weaker. Penny and speculatives were mixed with a few counters registering good gains. JES +3.7, Sunvic +9, UnitedEnvirotech +4.

If not because of the drag by Dow the market should be steady today.

Dow's future is steady at the moment and a rebound will bring our market to play again

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