Tuesday, July 15, 2014

Daily Summary 15 Jul 14

Dow and Europe were all up last night.  Dow closed +112 at 17055.  Dow's trend is up. Dow's future is now +9.  Europe has opened down.

Asian bourses were mostly up.  Nikkei +98, ShanghaiC +4, Hangseng +113.  STI closed flat at 3291.  Volume was 1.5b shares. Gainers were 210 to 230 losers.

Short term trend of STI is slightly up.

Top volumes were OttoMarine +0.3, Amplefield +0.1, Artivision 0.6, WE unchanged, Biosensors -7, CPH unchanged, IHC -0.5, JES -0.2, APAC unchanged, SIIC unchanged.

Market opened up slightly but slipped down in the afternoon to trade flat. Volume was low and the excuse of the World Cup luring away the investors no longer holds water. The truth is the truth. There is just no interest in the market. Blue chips were mostly down. Penny and speculatives were mixed.

Europe are looking weaker at the moment while Dow's future is slightly up.

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