Tuesday, July 22, 2014

Daily Summary 22 Jul 14

Europe and Dow were down last night.  Dow -48 at 17052.  Trend of Dow is up but looking toppish.  Dow's future is now +25.  Europe opened up.

Asian bourses were mostly up.  Nikkei +128, ShanghaiC +21, Hangseng +395.  STI closed +3 at 3317.  Volume was 2.3b shares.  Gainers were 238 to 189 losers.

Trend of STI is looking up.

Top volumes were Jaya -0.1, Spackman IPO closed at 46.5. Weiye +1, MDR +0.1, SIIC +1.1, IHC +1, TopGobal +0.1, Memstar unchanged, ChinaFibreTech unchanged, Vallianz +0.5.

Market opened down and stayed flat for most part of hte day. It gained a few points in the afternoon session but closed +3. Blue chips were mixed.  Penny and speculatives were firmer with some increase in trading volumes.

Dow and Europe are looking firmer at this moment.

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