Wednesday, February 5, 2014

Daily Summary 5 Feb 14

Dow and Europe were positive last night. Dow +72 at 15445.  Dow's trend is still down. Dow's future is now +3.  Europe is now slightly up.

Asian bourses were mixed.  Nikkei +172, ShanghaiC -17(still closed), Hangseng -128.  STI closed -6 at 1960.  Volume was 2.3b shares.  Gainers were 187 to 244 losers.

Trend of STI is down.

Top volumes were Albedo -0.1, Federal +0.1, Transcu unchanged, KLW unchanged, CharismaEner -0.2, CCM -0.1, Vallianz -0.1, HanKore -0.1, Memstar -0.3, SIIC +0.4.

Market opened positive but retreated in the afternoon to close at day low. Blue chips were mixed. Penny and speculatives too were mixed with slightly more losers.

The market is pretty oversold and waiting for a rebound.

Europe and Dow are looking like stabilising at these levels.

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