Wednesday, June 11, 2014

Daily Summary 11 Jun 14

Dow and Europe were flat last night. Dow +19 at 16946.  Dow's trend is up. Dow's future is now -23.  Europe opened down.

Asian bourses were mixed.  Nikkei +75, ShanghaiC +2, Hangseng -58.  STI closed -8 at 3285.  Volume was 2.7b shares. Gainers were 159 to 281 losers.  

Trend of STI is turning down.

STI opened flat but slipped down and stay marginally down throughout the day.  Blue chips were mostly in the red.  Penny stocks were still in play and the top volume 40 stocks were green. However overall losers were greater than gainers. After this week the market is expected to be quieter because of the World Cup.

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

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