Friday, June 13, 2014

dAILY sUMMARY 13 jUN 14

Europe were flat last night.  Dow -110 at 16734.  Dow's short term trend is coming down.  Dow's future is now +6.  Europe opened down.

Asian bourses were more ups. Nikkei +124, ShanghaiC +19, Hangseng +144.  STI closed flat at 3293.  Volume was 2b shares.  Gainers were 203 to 237 losers.

Short term trend of STI is down.

Top volumes were YouyueIntl +12, ITE +1.4, ZhongXin +0.8, Changjiang +1.1, Transcorp +3.3, MoyaAsia +0.5, CCM +0.1, AdvancedSystems +0.1, SingWindsor +3.5, RHEnergy +1.6.

Market opened marginally down and stayed down for most part of the day. It recovered slightly to close flat.  It was an exceptionally quiet day with the World Cup kicking in. Blue chips were mixed. Penny and speculatives were active with the top 40 counters in volumes all green. Play is still in the penny stocks.

Europe is looking weak while Dow's future is flat.

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