Friday, October 17, 2014

Daily Summary 17 Oct 14

Europe closed mixed last night. Dow opened down but recovered to lose only 25 pts at 16117.  Trend of Dow is down. Dow's future is now +170.  Europe opened up strongly.

Asian bourses were mixed. Nikkei -206, ShanghaiC -15, Hangseng +122.  STI closed +15 at 3169.  Volume was 1.4b shares.  Gainers were 289 to  160 losers.

Trend of STI is down.

Top volumes were IHC unchanged, APAC unchanged, GoldenAgri +1, Mirach unchanged, Genting +0.5, Noble +2.5, RHPetrogas +8.5, Blumont +0.3, Ezion +5, Vallianz +0.4.

Market opened down but crept up slightly to stay flat or slightly positive. Buying came back in the last hour when Europe opened strongly up. Blue chips were mostly green. Penny and speculatives were also firmer.

Dow and Europe are looking very firm at the moment.

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