Tuesday, May 5, 2015

Daily Summary 5 May 15

European bourses were up last night.  Dow closed +46 at 18070.  Dow's trend is turning up again.  Dow's future is now +15.  European bourses opened firmly up.

Asian bourses were mostly up with profit taking in Hong Kong and Shanghai.  Nikkei +2, ShanghaiC -182, Hangseng -368.  STI closed -10 at 3473.  Volume was 1.7b shares.  Gainers were 183 to 297 losers.

Trend of STI is down.

Top volumes were Stratech -0.3, MDR +0.1, SinoConstruction +0.1, SIIC -0.2, Noble +3.5, Armarda unchanged, IHC +0.5, Jaya -0.2, Tigerair -2.5, PacificAndes -0.3.

Market opened down and went down further through the day. It closed off its low with some short covering in the last half hour of trading. Blue chips were mostly weaker. The general market was also weaker.

Europe and Dow's future are looking positive for tonight.

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