Daily Report 7 Feb 14

Europe and Dow were up last night. Dow closed +188 at 15629. Dow's trend is turning up. Dow's future is now +30.  Europe opened flat, slightly down.

Asian bourses were mostly up.  Nikkei +307, ShanghaiC +11, Hangseng +214.  STI closed +24 at  3012.  Volumes were 2.6b shares.  Gainers were 251 to 219 losers.

Trend of STI has stopped falling and showing signs of breaking the down trend.

Top volumes were Albedo -0.5, Vallianz unchanged, HanKore -0.1, KLW -0.2, CharismaEner -0.1, Transcu unchanged, MirachEner +0.1, JES unchanged, GoldenAgr +0.1, CCM -0.2.  

Market opened up and remained up for the whole session though closing off its high. For a Friday it was very healthy.  Blue chips were mostly green. Penny and speculatives were mixed.  Market could be firmer if not of a Friday.

Both the indices of Dow and STI have stopped falling and starting to turn up.

Dow's future is positive at the moment while Europe is slipping down a bit.