Monday, July 7, 2014

Daily Summary 7 Jul 14

Europe was slightly down on Friday. Dow was closed for Independence Day.  Dow's trend is up. Dow's future is now +27.  Europe opened slightly down.

Asian bourses were mixed and flat. Nikkei -58, ShanghaiC +1, Hangseng -5.  STI closed +18 at 3290.  Volume was 1.6b shares.  Gainers were 204 to 237 losers.

Short term trend of STI is up with a golden crossing.

Top volumes were Transcu unchanged , GlobalYellowPg +0.3, Equation -0.1, CompactMetal +0.2, Adventus -0.1, Vallianz -0.3, IHC unchanged, WCorp unchanged, SIIC +0.1, KimHengOffshore +2.

Market opened up and closed at day high. Volume hit another low of 1.6b shares with a value of less than $700m. Blue chips were firmer while penny and speculatives were mixed.

Europe are looking a bit weak at the moment while Dow's future is positive.

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