Friday, August 8, 2014

Daily Summary 8 Aug 14

Dow and Europe were down last night. Dow closed -75 at 16368.  Dow's trend is down.  Dow's future is -54 at this moment.  Europe opened down.

Asian bourses were generally weaker with Nikkei sharply down, -454.  ShanghaiC +8, Hangseng -56.  STI closed -26 at 3288.  Volume was 1.7b shares.  Gainers were 131 to 366 losers.

Trend of STI is down with MACDs cutting down sharply.

Top volumes were AdvanceSCT unchanged, APAC unchanged, Artivision -0.1, Jaya -0.3, Genting -3.5, Equation unchanged, CedarStrategic unchanged, Noble -2, IHC +0.5, MirachEnergy +0.5.

Market opened down and drifted down further to close near its day low.  Blue chips were mostly in the red. Penny and speculatives also were mostly down. Looks like the down trend is gaining momentum.

Europe and Dow too are looking weak at the moment.

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