Wednesday, October 15, 2014

Daily Summary 15 Oct 14

Europe recovered some grounds last night. Dow was also positive in the first half of trading but slid back to -6 points closing at 16315.  Dow's trend is still down.  Dow's future is now -37.  Europe opened down.

Asian bourses were mostly firmer. Nikkei +137, ShanghaiC +14 and Hangseng +92.  STI closed +4, near its day low at 3199. It hit a day high at 3210.  Volume was 1.6b shares.  Gainers were 159 to 302 losers.

Trend of STI is down.

Top volumes were Vard -13.5, IHC unchanged, Topglobal -0.1, OttoMarine -0.6, APAC -0.1, GoldenAgri -1.5, Charisma -0.2, JES +0.2, BengKuang +0.2, HPHTrust unchanged.

Market opened up and stay up throughout the session with a short period dipping slightly to negative.  Blue chips were slightly firmer. Penny and speculative stocks were mostly down. There are still a lot of weaknesses despite several day's of losses.

Europe is looking down at the moment. Dow's future is also in the negative.

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