Wednesday, July 16, 2014

Daily Summary 16 Jul 14

Europe were down last night but Dow managed a +5 to close at 17061.  Dow's trend is up. Dow's future is now +48.  Europe opened firmly up.

Asian bourses were mixed.  Nikkei -16, ShanghaiC -3, Hangseng +63.  STI closed +12 at 3304.  Volume was 1.8b shares.  Gainers were 225 to 193 losers.

Short term trend of STI is up.

Top volumes were Jaya +2.1, SIIC +0.2, Armarda unchanged, OLS unchanged, Artivision +0.2, GlobalTesting +0.6, MirachEnergy +1, Blumont unchanged, Federal +0.2, Biosensors +3.

Market opened up and stayed up the whole day and closed near day high.  Volume is still below 2b shares.  Blue chips were firmer.

Penny and speculatives were mixed but getting a bit more active.

Europe and Dow are looking firm tonight.

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