Thursday, May 22, 2014

Daily Summary 22 May 14

Europe and Dow rebounded last night. Dow closed +159 at 16533. Dow's trend is down but with last night's rebound is holding. Dow's future is now +28.  Europe opened up.

Asian bourses were mostly up. Nikkei +296, ShanghaiC -4, Hangseng +117.  STI closed -0.5 at 3261.  Volume was 1.6b shares.  Gainers were 243 to 207 losers.

Trend of STI is still sideways.

Top volumes were APAC +0.6, Armarda -0.1, Amplefield unchanged, Charisma unchanged, LCDGlobal +0.7, Vallianz +0.1, SMRT +3.5, RHPetroGas +1.5, GoldenAgri +1.5, SIIC +0.6..

Market opened slightly up and stayed positive for most part of the day. It started to slip to negative in the last hour of trading to close at day low. Volume was still low. Blue chips were weaker.  Penny and speculatives were mixed. Transport counters were sold down on opening but recovered and make more gains.

Europe and Dow are looking good for tonight.

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