Wednesday, May 14, 2014

Daily Summary 14 May 14

Europe and Dow were up for two sessions. Dow closed +20 yesterday at 16715.  Dow's trend is up.  Dow's future is now -6.  Europe opened marginally down.

Asian bourses closed mixed.  Nikkei -20, ShanghaiC -3,  Hangseng +230.  STI closed +37 at 3259.  Volume was 1.9b shares.  Gainers were 263 to 191 losers.

Trend of STI is still down but with a first break up.

Top volumes were HanKore +0.1, GoldenAgri +1, Transcu unchanged, Armarda -0.1, Penguin +2.1, AddvalueTech -2.1, HPHTrust +1, SIIC +0.2, SingTel +7, APAC -0.1.

Market opened up and continued to make gains through the day to closed at day high. Blue chips were mostly green.  Penny and speculatives were generally firmer. This is like a catch up effect following two days of gains in Dow and Europe.

Europe and Dow's future are slightly down at the moment.

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