Thursday, February 13, 2014

Daily Summary 13 Feb 14

Dow -31 last night closing at 15964 while Europe were slightly positive.  Dow's trend is still up.  Dow's future is now -60.  Europe opened slightly down.

Asian bourses were mostly down.  Nikkei -265, ShanghaiC -11, Hangseng -120.  STI closed +4 at 3040.  Volume was 2.1b shares.  Gainers were 173 to 279 losers.

STI's trend is up.

Top volumes were Albedo -0.3, OceanSky -7.1, Transcu unchanged, CharismaEner unchanged, HanKore unchanged, KLW -0.2, Vallianz -0.5, GoldenAgr +0.5, Cedar unchanged, OttoMarine +0.1.

Market opened down but recovered for the first half of the session. A bit of weakening in late afternoon but still closed +4.  There were some profit taking in line with the retreat in regional bourses.  Blue chips were mixed.  Penny and speculatives were also slightly weaker.

OceanSky continued to fall sharply, -7.1 to close at 12.9, a pattern quite similar to the Blumont/Liongold falls.

Dow and Europe are looking a bit weak at the moment.

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