Monday, July 14, 2014

Daily Summary 14 Jul 14

Dow and Europe closed up on Friday. Dow +29 at 16944.  Dow's long term trend is up.  Dow's future is now +58.  Europe opened up.

Asian bourses were mostly up.  Nikkei +133, ShanghaiC +20, Hangseng +113.  STI closed -4 at 3289.  Volume was 1.3b shares.  Gainers were 215 to 217 losers.

Short term trend of STI is flat.

Top gainers were GoldenAgri -1, Tritech +2.5, Adventus +0.2, FrasersHTrust IPO 89.5c, IHC unchanged, Jubilee -0.5, Blumont unchanged, APAC +0.1, TuanSing +2.5, MirachEnergy +0.2.

Market opened flat and stayed positive for a couple of hours before slipping to slightly negative for the rest of the day. Blue chips were mixed. Penny and speculatives were slightly firmer. Volume hit another low of 1.3b shares. Maybe many were sleeping after this morning's world cup final.

Europe and Dow are looking up at the moment.

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