Monday, January 5, 2015

Daily Summary 5 Jan 15

European bourses were down but Dow was +10 at 17833.  Dow's trend is down.  Dow's future is now +7.  European bourses opened on the positive.

Asian bourses were mostly down but Shanghai was firmly up, +117.  Nikkei -42, Hangseng -137.  STI vlodrf -43  at 3327.  Volume was 1.4b shares.  Gainers were 185 against 262 losers.

Trend of STI is going down.

Top volumes were IHC +0.5, ChinaEnv +3.9, SIIC +0.3, Magnus unchanged, OLS -0.1, Memstar unchanged, Tritech +2.2, Mirach -0.1, Midas +1, ChinaFibretech +0.1.

Market opened flat but fell through the session to close near its day low. Blue chips were down especially the banks.  Penny and speculatives were also weaker. Not very promising for those looking for the Capricorn effect.

Europe and Dow's future are slightly positive at the moment.

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