Monday, May 19, 2014

Daily Summary 19 May 14

Europe were mixed while Dow +45 at 16491 on Friday.  Dow's trend is down.  Dow's future is now -64.  Europe opened down.  

Asian bourses were mixed.  Nikkei -90, ShanghaiC -21, Hangseng -8.  STI closed -1 at 3261.  Volume was 2.3b shares. Gainers were 247 to 235 losers.

Trend of STI is flat.

Top volumes were Armarda unchanged, CapitaMallsAsia unchanged, Federal +0.1, HanKore -0.3, Noble +5, Oceanus -0.1, HuAnCable +0.7, FuYu +1.7, STATSChipPac 6.5, Charisma -0.1.

Market opened down, turned slightly positive but closed flat. Blue chips were firmer. Penny and speculatives were mixed. It was a directionless session.

Europe and Dow are looking weak at the moment and looking like closing negative tonight.

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