Monday, August 11, 2014

Daily Summary 11 Aug 14

Dow and Europe were up on Friday. Dow +186 closing at 16554.  Dow's downtrend is seeing a break. Dow's future is now +45.  Europe have opened firmly up.

Asian bourses rebounded strongly. Nikkei +352, ShanghaiC +30, Hangseng +315.  STI closed +21 at 3310.  Volume was 1.7b shares.  Gainers were 299 to 182 losers.

Short term down trend of STI has snapped.

STI opened up and gained strength through the session. It closed near its day high at 3310. Blue chips were mostly in the green. Speculatives and penny stocks were firmer as well.  

Europe and Dow are looking to continue to recover tonight.

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