Thursday, June 26, 2014

Daily Summary 26 Jun 14

Europe were down last night but Dow +49 at 16867.  Dow's short term trend is down though long term trend is still up.  Dow's future is not flat. Europe opened flat.

Asian bourses were mostly up. Nikkei +42, ShanghaiC +13, Hangseng +331.  STI closed +12 at 3274.  Volume is 1.9b shares. Gainers were 246 to 185 losers.

Short term trend of STI is turning up.

Top volumes were Vallianz -0.7, Adventus +0.5, JES +0.4, Mirach -3.5, ICP unchanged, STATSChipP +8, Oceanus +0.1, Blumont +0.1, GSH +0.1, Cacola +0.3.

Market opened slightly up and gained strength by noon to close near day high.  Blue chips were mostly up.  Penny and speculatives were mixed. Volume is still low with quiet trading.

Dow and Europe are looking flat at the moment.

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