Tuesday, August 12, 2014

Daily Summary 12 Aug 14

Dow and Europe were up last night. Dow closed +16 at 16570.  Dow's short term trend is reversing up from the recent falls.  Dow's future is now +21.  Europe have opened down.

Asian bourses were mixed and generally flat.  Nikkei +31, ShanghaiC -3, Hangseng +43.  STI closed -3 at 3303.  Volume was 1.6b shares.  Gainers were 251 to 229 losers.

Short term trend of STI is turning up.

Top volumes were Artivision +1.3, JES +0.8, MirachEnergy -0.1, Memstar -0.1, APAC -0.1, IHC unchanged, Jaya +0.3, Polaris +0.1, Weiye -0.2, Stratech +0.2.

Market opened slightly up but slipped down again in the afternoon. It closed at day low.  Blue chips were mixed. Penny and speculatives were firmer. Volume was low.

Dow's future is postive at the moment but Europe are down.

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